Abstracts

Economics

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Why do women married to unemployed men have low participation rates?

Article Abstract:

The employment participation of women married to working men and those whose husbands are unemployed are compared. German panel data from 1983 to 1987 are analyzed to determine whether the employment status of husbands stand for female characteristics associated with lower participation. The impact of husbands' unemployment benefits on wives' motivation to work is also examined.

Research, Employment, Working women, Married women, Dual-career families

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Budget deficit and interest rates: is there a link? International evidence

Article Abstract:

The link between high nominal and real long-term interest rates and larger budget deficits is investigated using a loanable funds model framework. The study focuses not only on the US but also on nine other countries to generate international evidence. Results show a strong relationship between large deficits and higher interest rates for all 10 countries between 1970 and 1993.

Interest rates

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State budget deficit dynamics and the California debacle

Article Abstract:

The dynamics of the state budget problems in the economic downturn are explored from different perspectives. The coping of the California's fiscal difficulties, like an interaction between California's large number of technology companies, income from stock options and the stock market decline that started in 2000, are examined.

California, Economic aspects, State budgets

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