James J. Heckman
DefinitionJames Joseph Heckman is an American economist who is currently at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor in Economics and the College; Harris Graduate School of Public Policy Studies; Director of the Center for the Economics of Human Development.; Director of the Center for Social Program Evaluation; Co-Director, Human Capital and Economic...
Joint Life With Last Survivor Annuity
What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or the annuitant and another beneficial party until both the annuitant and his/her spouse have passed away. These annuities are not term certain, so they continue paying out to the annuitant, and whoever...
Joint Credit
What is 'Joint Credit' Credit issued to two or more people based on their combined incomes, assets and credit histories. Joint credit can be issued to multiple individuals or organizations. The parties involved accept joint responsibility for repaying the debt. Explaining 'Joint Credit' Many married couples apply for joint credit. This is especially true...
Job Market
What is the 'Job Market' The job market is the market in which employers search for employees and employees search for jobs. The job market is not a physical place as much as a concept demonstrating the competition and interplay between different labor forces. The job market can grow or shrink depending on the labor demand and...
Joint Return Test
What is 'Joint Return Test' One of the IRS standards that prospective dependents must pass in order to be claimed as such by another taxpayer is the dependency test. In accordance with the joint return test, no dependent may submit a joint return with a spouse while also being claimed as a dependent on another person's return, such as that...
Joint Supply
What is a 'Joint Supply ' A joint supply is an economic phrase that refers to a product or process that has the potential to provide two or more different outputs. Cows may be used for milk, beef, and hide, while sheep can be used for meat, wool, and sheepskin. These are just a few instances of how animals can...
Jesse H. Jones Graduate School of Business (Rice University)
What is 'Jesse H. Jones Graduate School Of Business - Rice University' The business unit of Rice University. The Jesse H. Jones Graduate School of Business offers several types of MBA programs, as well as customized executive education and training programs. The school offers undergraduate minors as well. Explaining 'Jesse H. Jones Graduate...
Jobless Claims
DefinitionInitial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for a macroeconomic analysis, so the financial markets track employment indicators, although this is a low impact indicator compared with the monthly BLS's "Employment Report". This report tracks how many new people have filed for unemployment...
Japan Credit Rating Agency (JCR)
What is 'Japan Credit Rating Agency - JCR' One of the key credit rating agencies in Japan. JCR provides a number of services, including rating debt securities of all types, as well as financial market and industry research. JCR also offers political and economic research, and various publication and informational services for its data. Explaining...
Jesse L. Livermore
Definition In addition to being an investor and security expert, Jesse Lauriston Livermore was also a businessman. He was renowned for amassing and then squandering numerous multimillion-dollar fortunes by short selling during the stock market crises of 1907 and 1929, as well as other events. What is 'Jesse L. Livermore' Despite coming from a modest agricultural background, Livermore went on to become...