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Abstract During the recent recession and the continuing recovery, the national unemployment rate has maintained a level that has only been observed one other time since the Great Depression. While [...]

When reforms of different policy areas are said to be complementary, the presence of one reformed area bolsters the effectiveness of reform of the other. We use the five areas of the Economic Freedom of the World (EFW) index over 2000–2017 to test for the impact of reform complementarities on real per capita income growth in up to 131 countries. Using a novel index for complementarity (Braga De Macedo & Oliveira‐Martins, 2008, Econ. Transit.), we find robust evidence that pursuing broader reform packages is associated with an increase in annual growth by about 1.2%. Further analysis shows that the effect of complementarities operates largely through its positive impact on domestic investment. [ABSTRACT FROM AUTHOR]

ABSTRACT Economists have long recognized the cartel behavior of the NCAA. Previous research has addressed the cartel characteristics of monopsony behavior, cheating, member cooperation, and supply limits of the NCAA [...]

In 2014, Pew Research found that more adult children, aged 18 to 34, live at home with their parents than in any other living arrangement. The survey found that 32.1 percent of all adults in this range lived with their parents, a tremendous increase from the 20.0 percent that lived with mom and dad in 1960. And it's not just uneducated young adults that are moving (or staying home). The same survey found that 19 percent of college graduates in the same age range live with mom and/or dad. What has driven this increase? Is in the increase in student loan debt, as many anecdotal arguments assume? This analysis uses the rich Beyond Postsecondary Survey to examine the characteristics impacting the prevalence of adult children living at home after completing college. Results indicate that it is not debt or income that is driving this decision. Instead, results show that males are significantly more likely than females to live at home, all else equal, and that whether a student lives at home and has a job at age 18 are also significant factors. [ABSTRACT FROM AUTHOR]

This study estimates Major League Baseball (MLB) player salaries for three distinct periods of time. The data from the first time period, 1961 through 1973, were collected in 1974, but analysis of that set has never been published. During that period the reserve clause was fully in effect. The second period, 1974 through 1983, captures the early years of arbitration and free agency. The third period, 1999 through 2005, represents the modern era. The estimates specify that the salary productivity elasticities have increased over time for slugging average, player durability, and player consistency; this result indicates that over time owners have placed more value on these measures of player productivity. The model also implies that teams located in more densely populated areas are better able to compensate their players, particularly their pitchers. We conclude that our model explains salaries well in the 1961-1973 and 1999-2005 periods, but the regression estimates reveal a less pronounced relationship between the marginal revenue product and MLB wages in the early years of arbitration and free agency (1974-1983). [ABSTRACT FROM AUTHOR]