Unemployment Insurance and Reservation Wages

The present paper examines the reservation wages reported by a largesample of unemployed individuals in the United States in May 1976. The majorityof unemployedindividuals report reservation wages that are at least as highas the wage they were paid on their last job. Approximately one-fourth of alljob seekers required a wage that is at least 10 percent higher than the wage ontheir previous job.Our econometric evidence shows that the level of unemployment benefitsrelative to previous wages has a powerful effect on the individual's reservation wage. A ten percent increase in the U.I. replacement ratio increases the reservation wage by about percent for job losers who are not on layoff and bysomewhat less for other unemployed groups. Separate regressions to analyze the high reservation wage per se show that a ten percent increase in the U.I. replacement ratio also increases by about four percentage points the probability that an unemployed individual will require a wage increase of 10 percent or more.These estimates imply that reducing net unemployment insurance benefits (by lowering gross benefits or by taxing unemployment benefits) could significantly lower the average duration of unemployment and the relative number of long duration spells of unemployment. Because of the non-linear response of the unemployment duration to the reservation wage, reducing a high unemployment insurance ratio by ten percentage points is likely to have a greater impact on unemployment than reducing a low unemployment insurance ratio by ten percentage points.

State and Local Taxes and the Rate of Return on Nonfinancial Corporate Capital (revised as W0740)

Although states and localities collect a substantial amount of revenue from corporate profits taxes and property taxes on corporate capital, these taxes have been inadequately reflected in previous calculations of the effective corporate tax rate and the pretax rate of return to corporate capital. The present study focuses on non-financial corporations and begins by estimating the profits taxes and property taxes which these corporations pay to state and local governments. These estimates are then used to calculate the pretax rate of return on non-financial corporate capital; the results suggest that the conventional omission of state-local property taxes leads to an understatement of this rate of return by about one percentage point. The effective tax rate on non-financial corporate profits is also computed, taking account of state-local taxes. These taxes amount to approximately sixteen percent of the pretax profits of non-financial corporations. The total effective tax rate on these corporations is shown to have risen substantially during the past two decades; it averaged more than seventy percent in the most recent five-year period. The series for the rate of return and effective tax rate are used to compute the real after-tax rate of return on non-financial corporate capital. The calculations show that this number has declined recently, reaching 2.3 percent in 1979. This is to be contrasted with after-tax returns of over five percent which prevailed during the mid-1960s.

Zoning and Land Use Controls: Beyond Agriculture

If one were playing a word association game and were asked what comes to mind when the terms “food” and “land use” are given, chances are high that the response would be “agriculture.” Yet every stage in the food system, from being grown or raised through being consumed, is place-based. Put differently, everything that happens with our food system involves land use in some way. Even the acquisition of aquatically sourced foods requires a journey that begins from the shore, and yet it is rare to consider the profound ways in which our every interaction with food system utilizes or determines the use of land. Zoning and other land use management tools have long affected the availability of food in urban communities, reinforcing or amplifying the creation of food deserts. Some jurisdictions have begun to recognize their power to direct food access through land use legislation, while others continue to treat such decisions as value-neutral. This essay interrogates food law frameworks by using several examples of land use policies, rules, and laws in order to consider these questions: (1) To what extent has form determined function (land use law determined food access); (2) Is it appropriate for governments to use their land use authority to intervene in the retail food market; and (3) Given competing public policy considerations around this issue, should there be an expectation that food be treated similarly to housing water, and other essentials in the “bundle of goods” in which government explicitly intervenes? The essay has three major parts. The first, which comprises sectors II, III, and IV, discusses, clarifies, and defines the essay’s framework and terminology. Sections V and VI present and discusses a variety of zoning ordinances for fast food and grocery stores, which have been compiled from cities around the United States. Finally, Section VII interrogates and reflects upon those questions. The intent is not to provide authoritative answers to the questioned posed, but rather to present some thoughts as a catalyst for further consideration of these issues

The Effective Tax Rate and the Pretax Rate of Return

This paper presents new estimates of the taxes paid on nonfinancial corporate capital, on the pretax rate of return to capital, and on the effective tax rate. The basic time series show that both the pretax rate of return and the effective tax rate have varied substantially in the past quarter century. An explicit analysis indicates that, after adjusting for different aspects of the business cycle, pretax profitability was between one and 1.5 percentage points lower in the 1970's than in the 1960's. The rate of profitability in the 1960's was also about one-half of a percentage point greater than the profitability in the 7 years of the 1950's after the Korean war. Changes in productivity growth, in inflation, in relative unit labor costs, and in other variables are all associated with changes in profitability. None of these variables, however, can explain the differences in profitability between the 1950Ts, 1960's and 1970's. Looking at broad decade averages, the effective tax rate and the pretax rate of return move in opposite directions, higher pretax profits occurring when the tax rate is high. There thus appears to have been no tendency for pretax profits to vary in a way that offsets differences in effective tax rates.

Zoning and Land Use Controls: Beyond Agriculture

If one were playing a word association game and were asked what comes to mind when the terms “food” and “land use” are given, chances are high that the response would be “agriculture.” Yet every stage in the food system, from being grown or raised through being consumed, is place-based. Put differently, everything that happens with our food system involves land use in some way. Even the acquisition of aquatically sourced foods requires a journey that begins from the shore, and yet it is rare to consider the profound ways in which our every interaction with food system utilizes or determines the use of land. Zoning and other land use management tools have long affected the availability of food in urban communities, reinforcing or amplifying the creation of food deserts. Some jurisdictions have begun to recognize their power to direct food access through land use legislation, while others continue to treat such decisions as value-neutral. This essay interrogates food law frameworks by using several examples of land use policies, rules, and laws in order to consider these questions: (1) To what extent has form determined function (land use law determined food access); (2) Is it appropriate for governments to use their land use authority to intervene in the retail food market; and (3) Given competing public policy considerations around this issue, should there be an expectation that food be treated similarly to housing water, and other essentials in the “bundle of goods” in which government explicitly intervenes? The essay has three major parts. The first, which comprises sectors II, III, and IV, discusses, clarifies, and defines the essay’s framework and terminology. Sections V and VI present and discusses a variety of zoning ordinances for fast food and grocery stores, which have been compiled from cities around the United States. Finally, Section VII interrogates and reflects upon those questions. The intent is not to provide authoritative answers to the questioned posed, but rather to present some thoughts as a catalyst for further consideration of these issues

System and method for moving a probe to follow movements of tissue

An apparatus is described for moving a probe that engages moving living tissue such as a heart or an artery that is penetrated by the probe, which moves the probe in synchronism with the tissue to maintain the probe at a constant location with respect to the tissue. The apparatus includes a servo positioner which moves a servo member to maintain a constant distance from a sensed object while applying very little force to the sensed object, and a follower having a stirrup at one end resting on a surface of the living tissue and another end carrying a sensed object adjacent to the servo member. A probe holder has one end mounted on the servo member and another end which holds the probe

A Case Where Barro Expectations Are Not Rational

This note generalizes Feldstein’s (1976) criticism of Barro’s(1974) analysis for the case that the interest rate exceeds the growth rate. This is done by considering an economy in steady state where all agents hold “Barro expectations”: they believe that government debt must necessarily be repaid and therefore leave the present value of their income streams unchanged. In this scenario, a change in the mode of taxation affects the present value of disposable income in the private sector. This violates their Barro expectations

A Simple Explanation for DAMA with Moderate Channeling

We consider the possibility that the DAMA signal arises from channeled events in simple models where the dark matter interaction with nuclei is suppressed at small momenta. As with the standard WIMP, these models have two parameters (the dark matter mass and the size of the cross-section), without the need to introduce an additional energy threshold type of parameter. We find that they can be consistent with channeling fractions as low as about ~ 15%, so long as at least ~70% of the nuclear recoil energy for channeled events is deposited electronically. Given that there are reasons not to expect very large channeling fractions, these scenarios make the channeling explanation of DAMA much more compelling.Comment: 6 pages, 2 figure

Training primary care providers in motivational interviewing for youth behavior change.

Presented at: 8th Biennial Childhood Obesity Conference; June 29-July 2, 2015; San Diego, CA.https://digitalrepository.unm.edu/prc-posters-presentations/1049/thumbnail.jp