7 FEBRUARY 1985
The Human Resources programme has been particularly active in early
1985. In this issue of the Bulletin you will find reports of workshops
on Retirement in the 20th Century and on Health and Unemployment.
Heather Joshi, a Research Fellow in the Human Resources programme,
discussed the price of parenthood in a lunchtime talk on 18 January
which is reported in this Bulletin.birth
March sees the publication of CEPR's first book, [f]11International
Economic Policy Coordination[f]10. Produced jointly with the National
Bureau of Economic Research, the book contains the proceedings of the
June 1984 CEPR-NBER policy coordination conference. In this issue of the
Bulletin one of the conference participants, CEPR Research Fellow David
Currie, discusses some related issues in economic policy design.
David Currie, Research Fellow in the International Macroeconomics
programme, discusses the implications of control theory, game theory and
rational expectations for the design of economic policy.
Retirement in the 20th Century
Older men and women, still able to contribute to the economy, have
increasingly withdrawn from the labour force. Do we understand what
forces govern the pattern of retirement and the effects it has on the
economy and the individuals concerned? These were some of the issues
discusses at a January CEPR workshop.
Health and Unemployment
There are over three million unemployed in the UK. Are the unemployed
more likely to suffer ill-health? Are there measures which can be taken
to protect the health of the unemployed? Does the experience of the
1930s provide any useful lessons in this regard?
The Price of Parenthood
Heather Joshi calculated the lifetime earnings foregone by women as a
result of bearing children. She presented her estimates at a January
Initial appointments have been made to the Panel of this new journal.
The first Panel Meeting will take place in June and the first issue of
the journal will be available in October 1985.
Eric De Cooman, John Ermisch and Heather Joshi examine how the labour
market has affected
Tony Venables discusses how customs
affect the pattern of production, trade and consumer welfare.
Michael McAleer, Paul Volker and Adrian Pagan argue that Leamer's "Extreme
is not an adequate methodology for econometrics.
Alasdair Smith discusses the problems involved in calculating "shadow
prices' for cost-benefit analysis
when there are market distortions and interrelated markets. In a
second Discussion Paper, he examines whether product diversification
prevents the computation of these shadow prices.