Joe A Stone
Biographic Data
| ID | 3772016 |
|---|---|
| NAME | Joe A Stone |
| GIVEN NAMES | Joe A |
| FAMILY NAME | Stone |
| SIGNATURE | STONE J A |
| AFFILIATIONS | University of Oregon |
| VERIFIED | No |
| TOTAL WORKS | 21 |
| TOTAL CITATIONS | 62 |
| WORKS AS AUTHOR | 21 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1978 |
| LATEST PUBLICATION YEAR | 2009 |
| H-INDEX | 4 |
Response to Ermisch, Martin, and Wu
Our recent paper in Demography (Gray, Stockard, and Stone 2006) has attracted the close scrutiny of several prominent academics. Three sets of formal comments, authored independently by Ermisch, Martin, and Wu (EMW), appear in this issue of Demography. In this response we argue that the analysis and evidence of our 2006 paper have withstood the scrutiny of EMW. In particular, we find that a substantial part of the rising share of nonmarital birth…
Ranking state fiscal structures using theory and evidence
This paper offers unique rankings of the extent to which fiscal structures of U.S. states contribute to economic growth. The rankings are novel in two key respects: They are well grounded in established growth theory, in which the effect of taxes depends both on the level of taxes and on the composition of expenditures; and they are derived from actual estimates of the link between fiscal structures and economic growth. Estimates for the latter y…
The rising share of nonmarital births
Much of the sharp rise in the share of nonmarital births in the United States has been attributed to changes in the fertility choices of unmarried and married women—in response, it is often argued, to public policy. In contrast, we develop and test a model that attributes the rise to changes in marriage behavior, with no necessary changes in fertility. A variety of empirical tests strongly support this conclusion and invites focused attention to …
Can Public Policy Affect Private School Cream Skimming
Spatial Dynamics and Heterogeneity in the Cyclicality of Real Wages
Neither the issue of how local and aggregate labor markets interact over time-nor the issue of how heterogeneity by education, race, and other factors interacts with these spatial dynamics-has previously been explored in the literature on the cyclicality of real wages. This study investigates how real wages respond to local and aggregate unemployment rates over time, and explores possible heterogeneities in the responses. Results, based upon data…
The Wage Curve
Wage and Employment Adjustment in Local Labor Markets
It is an activity of the W. E
Union Effects on Productivity
The authors conjecture that previous studies have tended to overestimate the productivity of union firms relative to nonunion firms due to inadequate controls for output quality and input usage—important omissions if the higher cost of unionized labor leads to less labor-intensive products and techniques. To avoid those problems, this study examines a fairly standardized commodity, lumber, and controls for detailed product attributes and inputs. …
Do State and Local Taxes Affect Economic Growth
This paper tests if variations in the treatment of expenditures by state and local governments are an explanation for the inconsistent results of previous tax studies. Estimates for net investment and employment in manufacturing for 1962-82 support this conjecture, indicating that state and local taxes have a negative effect when the revenues are devoted to transfer-payment programs and that (with taxes held constant) increases in expenditures on…
An Integrated Test for Electoral Cycles in the U.S. Economy
This paper offers the first integrated test of the electoral model of business cycles. The test begins with unrestricted estimates of presidential electoral patterns in U.S. economic outcomes (real GNP, unemployment, and inflation) and policies (money growth and the adjusted budget surplus). These estimates are then used to determine whether the estimated electoral patterns in macropolicy yield predicted electoral patterns for macro outcomes that…
Teacher Unions and the Productivity of Public Schools
Do teacher unions affect the productivity of public schools? The authors examine this question using individual student data from the Sustaining Effects Survey sponsored by the U.S. Department of Education. Holding resources constant and using achievement gains on standardized tests as the measure of output, they find that union districts are seven percent more productive for average students. For the minority of students who are significantly ab…
Neglected Method of Separating Demand and Supply in Time Series Regression
This article argues that in many markets, quantity is demand determined in the short run but price is supply determined, and that the dynamic restrictions between price and quantity implied by the model have been widely neglected in empirical research. Two examples illustrate our point—the demand and supply relationships between inflation and unemployment and between the terms of trade and the trade balance. In both, specifying quantity as a func…
A Neglected Method of Separating Demand and Supply in Time Series Regression
Economics
Unions and Public Schools
Specification of Supply Behavior in International Trade
SUPPLY behavior in international trade has been notoriously difficult to capture empirically. Indeed, so few published supply studies exist that Stern, Francis, and Schumacher's (1976) bibliographical survey of price elasticities in international trade devotes over 350 pages to demand estimates but barely 10 pages to supply estimates. In recent years, only Goldstein and Khan (1978) and Dunlevy (1980), using simultaneous-equation estimation techni…
Secular and Cyclical Responses of U.S. Trade to Income
Stephen E. Haynes, Joe A. Stone, Secular and Cyclical Responses of U.S. Trade to Income: An Evaluation of Traditional Models, The Review of Economics and Statistics, Vol. 65, No. 1 (Feb., 1983), pp. 87-95
Impact of the Terms of Trade on the U.S. Trade Balance
The right conclusion could be that there is a strong connection between the spectral components with specified periods. A possible economic interpretation could identify a strong long-term (in the sense of the specified periods) connection between both series. But that would still not allow us to say anything concerning the size and direction of the time delay between the two series. For such an analysis we would have to, at least, consider the p…
Teachers, Unions, and Wages in the 1970s
This paper provides evidence that confirms the results of previous studies that teacher unionism produced relatively small wage gains during the early 1970s, but it also shows that union gains increased substantially in the late 1970s. The evidence is based on an application of two complementary research designs-cross-section wage-level regressions and cross-section wage-change regressions-to national samples of teacher data for 1974-75 and 1977-…
Price Elasticities of Demand for Imports and Exports
Joe A. Stone, Price Elasticities of Demand for Imports and Exports: Industry Estimates for the U.S., The E.E.C. and Japan, The Review of Economics and Statistics, Vol. 61, No. 2 (May, 1979), pp. 306-312
A Comment on Tariffs, Nontariff Barriers, and Labor Protection in United States Manufacturing Industries
Teachers, Unions, and Wages in the 1970s
This paper provides evidence that confirms the results of previous studies that teacher unionism produced relatively small wage gains during the early 1970s, but it also shows that union gains increased substantially in the late 1970s. The evidence is based on an application of two complementary research designs-cross-section wage-level regressions and cross-section wage-change regressions-to national samples of teacher data for 1974-75 and 1977-…
Can Public Policy Affect Private School Cream Skimming
Teacher Unions and the Productivity of Public Schools
Do teacher unions affect the productivity of public schools? The authors examine this question using individual student data from the Sustaining Effects Survey sponsored by the U.S. Department of Education. Holding resources constant and using achievement gains on standardized tests as the measure of output, they find that union districts are seven percent more productive for average students. For the minority of students who are significantly ab…
The rising share of nonmarital births
Much of the sharp rise in the share of nonmarital births in the United States has been attributed to changes in the fertility choices of unmarried and married women—in response, it is often argued, to public policy. In contrast, we develop and test a model that attributes the rise to changes in marriage behavior, with no necessary changes in fertility. A variety of empirical tests strongly support this conclusion and invites focused attention to …
Ranking state fiscal structures using theory and evidence
This paper offers unique rankings of the extent to which fiscal structures of U.S. states contribute to economic growth. The rankings are novel in two key respects: They are well grounded in established growth theory, in which the effect of taxes depends both on the level of taxes and on the composition of expenditures; and they are derived from actual estimates of the link between fiscal structures and economic growth. Estimates for the latter y…
A Comment on Tariffs, Nontariff Barriers, and Labor Protection in United States Manufacturing Industries
Response to Ermisch, Martin, and Wu
Our recent paper in Demography (Gray, Stockard, and Stone 2006) has attracted the close scrutiny of several prominent academics. Three sets of formal comments, authored independently by Ermisch, Martin, and Wu (EMW), appear in this issue of Demography. In this response we argue that the analysis and evidence of our 2006 paper have withstood the scrutiny of EMW. In particular, we find that a substantial part of the rising share of nonmarital birth…
Union Effects on Productivity
The authors conjecture that previous studies have tended to overestimate the productivity of union firms relative to nonunion firms due to inadequate controls for output quality and input usage—important omissions if the higher cost of unionized labor leads to less labor-intensive products and techniques. To avoid those problems, this study examines a fairly standardized commodity, lumber, and controls for detailed product attributes and inputs. …
A Comment on Tariffs, Nontariff Barriers, and Labor Protection in United States Manufacturing Industries
Price Elasticities of Demand for Imports and Exports
Joe A. Stone, Price Elasticities of Demand for Imports and Exports: Industry Estimates for the U.S., The E.E.C. and Japan, The Review of Economics and Statistics, Vol. 61, No. 2 (May, 1979), pp. 306-312
Impact of the Terms of Trade on the U.S. Trade Balance
The right conclusion could be that there is a strong connection between the spectral components with specified periods. A possible economic interpretation could identify a strong long-term (in the sense of the specified periods) connection between both series. But that would still not allow us to say anything concerning the size and direction of the time delay between the two series. For such an analysis we would have to, at least, consider the p…
Teachers, Unions, and Wages in the 1970s
This paper provides evidence that confirms the results of previous studies that teacher unionism produced relatively small wage gains during the early 1970s, but it also shows that union gains increased substantially in the late 1970s. The evidence is based on an application of two complementary research designs-cross-section wage-level regressions and cross-section wage-change regressions-to national samples of teacher data for 1974-75 and 1977-…
Specification of Supply Behavior in International Trade
SUPPLY behavior in international trade has been notoriously difficult to capture empirically. Indeed, so few published supply studies exist that Stern, Francis, and Schumacher's (1976) bibliographical survey of price elasticities in international trade devotes over 350 pages to demand estimates but barely 10 pages to supply estimates. In recent years, only Goldstein and Khan (1978) and Dunlevy (1980), using simultaneous-equation estimation techni…
Secular and Cyclical Responses of U.S. Trade to Income
Stephen E. Haynes, Joe A. Stone, Secular and Cyclical Responses of U.S. Trade to Income: An Evaluation of Traditional Models, The Review of Economics and Statistics, Vol. 65, No. 1 (Feb., 1983), pp. 87-95
Unions and Public Schools
Neglected Method of Separating Demand and Supply in Time Series Regression
This article argues that in many markets, quantity is demand determined in the short run but price is supply determined, and that the dynamic restrictions between price and quantity implied by the model have been widely neglected in empirical research. Two examples illustrate our point—the demand and supply relationships between inflation and unemployment and between the terms of trade and the trade balance. In both, specifying quantity as a func…
A Neglected Method of Separating Demand and Supply in Time Series Regression
Economics
Teacher Unions and the Productivity of Public Schools
Do teacher unions affect the productivity of public schools? The authors examine this question using individual student data from the Sustaining Effects Survey sponsored by the U.S. Department of Education. Holding resources constant and using achievement gains on standardized tests as the measure of output, they find that union districts are seven percent more productive for average students. For the minority of students who are significantly ab…
An Integrated Test for Electoral Cycles in the U.S. Economy
This paper offers the first integrated test of the electoral model of business cycles. The test begins with unrestricted estimates of presidential electoral patterns in U.S. economic outcomes (real GNP, unemployment, and inflation) and policies (money growth and the adjusted budget surplus). These estimates are then used to determine whether the estimated electoral patterns in macropolicy yield predicted electoral patterns for macro outcomes that…
Do State and Local Taxes Affect Economic Growth
This paper tests if variations in the treatment of expenditures by state and local governments are an explanation for the inconsistent results of previous tax studies. Estimates for net investment and employment in manufacturing for 1962-82 support this conjecture, indicating that state and local taxes have a negative effect when the revenues are devoted to transfer-payment programs and that (with taxes held constant) increases in expenditures on…
Union Effects on Productivity
The authors conjecture that previous studies have tended to overestimate the productivity of union firms relative to nonunion firms due to inadequate controls for output quality and input usage—important omissions if the higher cost of unionized labor leads to less labor-intensive products and techniques. To avoid those problems, this study examines a fairly standardized commodity, lumber, and controls for detailed product attributes and inputs. …
Wage and Employment Adjustment in Local Labor Markets
It is an activity of the W. E
The Wage Curve
Spatial Dynamics and Heterogeneity in the Cyclicality of Real Wages
Neither the issue of how local and aggregate labor markets interact over time-nor the issue of how heterogeneity by education, race, and other factors interacts with these spatial dynamics-has previously been explored in the literature on the cyclicality of real wages. This study investigates how real wages respond to local and aggregate unemployment rates over time, and explores possible heterogeneities in the responses. Results, based upon data…
Can Public Policy Affect Private School Cream Skimming
The rising share of nonmarital births
Much of the sharp rise in the share of nonmarital births in the United States has been attributed to changes in the fertility choices of unmarried and married women—in response, it is often argued, to public policy. In contrast, we develop and test a model that attributes the rise to changes in marriage behavior, with no necessary changes in fertility. A variety of empirical tests strongly support this conclusion and invites focused attention to …
Ranking state fiscal structures using theory and evidence
This paper offers unique rankings of the extent to which fiscal structures of U.S. states contribute to economic growth. The rankings are novel in two key respects: They are well grounded in established growth theory, in which the effect of taxes depends both on the level of taxes and on the composition of expenditures; and they are derived from actual estimates of the link between fiscal structures and economic growth. Estimates for the latter y…
Response to Ermisch, Martin, and Wu
Our recent paper in Demography (Gray, Stockard, and Stone 2006) has attracted the close scrutiny of several prominent academics. Three sets of formal comments, authored independently by Ermisch, Martin, and Wu (EMW), appear in this issue of Demography. In this response we argue that the analysis and evidence of our 2006 paper have withstood the scrutiny of EMW. In particular, we find that a substantial part of the rising share of nonmarital birth…
Economics (20 works) · Demographic economics (6 works) · Econometrics (6 works) · Labour economics (6 works) · Psychology (5 works) · Global trade and economics (4 works) · Mathematics (4 works) · Monetary Policy and Economic Impact (4 works) · Political science (4 works) · Wage (4 works)