The author analyzes the inflation-targeting model that underlies recent textbook expositions of the aggregate demand-aggregate supply approach used in introductory courses in macroeconomics. He shows how numerical simulations of a model with inflation inertia can be used as a tool to help students understand adjustments in response to demand and…

The paper discusses funding principles and policies of higher education during the recession period. The role of state appropriations for the viability of public higher education institutions is emphasized. State funding affecting institutional behaviour is another issue raised. The paper analyzes the possibility of expanding state funding for…

The paper examines e-government development in Africa. This study is based on the Cape Gateway project in South Africa, a leading e-government initiative on the continent. We observe that African countries have jumped on the e-government band wagon by looking mostly at the benefits without a clear risk assessment. We argue that African countries…

Policy discussions about teacher quality and teacher "shortages" often focus on recruitment and retention of young teachers. However, attention has begun to focus on the incentive effects of teacher retirement benefit systems, particularly given their rising costs and the large unfunded liabilities. In this paper we analyze accrual of…

A study examined the earnings losses suffered by a group of experienced workers who separated from their firms in the early and mid-1980s. The quarterly earnings histories of a large number of Pennsylvania workers covering the period 1974 through 1986 merged with employment information about their firms served as the data set. Workers' earnings…

Inadequate financial support for higher education is not due to a poor economy or lack of tax dollars, but to the low priority given to higher education by state legislatures. The issue at state and institutional levels is not low or high tuition but finding a planning model that integrates tuition income, tax support, and student aid. (MSE)

This publication is intended to assist economic decision makers in designing strategies for maximizing the economic development contributions of entrepreneurship and small business in Illinois. The challenges and opportunities for economic development through enhancement of entrepreneurial activity in the State are discussed. Various successful…

This document, published annually, contains six papers devoted to aviation education. "Enhancing Global Competitiveness: Benchmarking Airline Operational Performance in Highly Regulated Environments" (Brent D. Bowen, Dean Headley, Karisa D. Kane, Rebecca K. Lutte) outlines a model to help policymakers and others evaluate the effects of…

An economic development model was formulated to foster and strengthen commerce and industry retention and expansion in the state of Illinois. The main thrust of the model was on increasing productivity, decreasing business failures, encouraging entrepreneurship, and creating a favorable business climate through community support. To meet these…

To address the skills shortages stemming from the transition to a more technological and skills-intensive economy, Congress established a program whereby funds from H-1B visa fees would provide seed funds for private companies, labor, and government to join together in creating training alliances focused on skills in short supply. Unfortunately,…

The different situations confronting young labor market entrants in different European countries may be described in terms of the following models: (1) the conditions of labor market entry are basically tied to the nature of the qualification acquired in initial training, experience accumulated in the labor market plays a very secondary role, and…

The rising wage inequality in U.S. urban labor markets during the 1980s was examined in a study of 20 metropolitan area labor markets. The study's perspective differs from the prevailing perspective on the problem in three ways: (1) it focuses on changes in the wage structure in a sample of local labor markets; (2) it examines changes in the…

Despite their highly divergent situations, young people largely share the same values, ambitions, and difficulties. Despite the more complex social and economic context in which young Europeans are currently living, they are well equipped to adapt. National and European policymakers must facilitate this process of change by making young people…

This book examines the factors responsible for the difficulties being experienced by many young Canadians trying to find permanent jobs in a growing economy and explains how Canadian youths can make the best use of the opportunities offered by academic and other programs to find a satisfying life in the workforce. The following are among the…