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    Stavins, Robert N, and Sheila M Olmstead. “A Meaningful Second Commitment Period for the Kyoto Protocol.” In The Economists' Voice: Top Economists Take on Today's Problems, edited by Joseph E Stiglitz, Aaron S Edlin, and Bradford J Delong, 28–36. New York: Columbia University Press, 2008.Abstract

    From the Publisher: In this valuable resource, more than thirty of the world's top economists offer innovative policy ideas and insightful commentary on our most pressing economic issues, such as global warming, the global economy, government spending, Social Security, tax reform, real estate, and political and social policy, including an extensive look at the economics of capital punishment, welfare reform, and the recent presidential elections. Contributors are Nobel Prize winners, former presidential advisers, well-respected columnists, academics, and practitioners from across the political spectrum. Joseph E. Stiglitz takes a hard look at the high cost of the Iraq War; Nobel Laureates Kenneth Arrow, Thomas Schelling, and Stiglitz provide insight and advice on global warming; Paul Krugman demystifies Social Security; Bradford DeLong presents divergent views on the coming dollar crisis; Diana Farrell reconsiders the impact of U.S. offshoring; Michael J. Boskin distinguishes what is "sense" and what is "nonsense" in discussions of federal deficits and debt; and Ronald I. McKinnon points out the consequences of the deindustrialization of America. Additional essays question whether welfare reform was successful and explore the economic consequences of global warming and the rebuilding of New Orleans. They describe how a simple switch in auto insurance policy could benefit the environment; unravel the dangers of an unchecked housing bubble; and investigate the mishandling of the lending institutions Freddie Mac and Fannie Mae. Balancing empirical data with economic theory, The Economists' Voice proves that the unique perspective of the economist is a vital one for understanding today's world.

    C-28

    Stavins, Robert. “A Model of English Demographic Changes: 1573–1873.” Explorations in Economic History 25 (1988): 98–116. Publisher's VersionAbstract

    This paper documents an analysis of English demographic change over the period 1573–1873. A simultaneous equations model is developed in order to test four alternative demographic theories—the constant equilibrium wage theory, the constant fertility theory, Lee's original (1973) synthesis theory, and a new, composite theory. Each is a special case of a general demographic model which provides both for exogenous technological change and for endogenous migration behavior. Two-stage least-squares estimation yields parameter estimates and test statistics, which provide evidence of the superiority of the composite theory of demographic change. By statistically affirming the composite theory of demographic change, this paper confirms that the mortality level played a dominant role in English demographic change during the preindustrial period. The analysis also provides support, however, for the classical notion that shifts in the labor demand function were a dominant cause of long-run population changes, subsequent to the beginning of British industrialization.

    A-1

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