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Heartbreak And Defiance: Stories Of Crisis In Puerto Rico, Andrea C. González-Ramírez

Capstones

No abstract provided.

In The Race To Reach New Wine Drinkers Old World Taste Is Losing Out, Lillian Knoepp

Capstones

But this old world is losing its grip on the wine industry. French wine production and consumption are falling while the New World of wine is gaining ground in both areas. Experts say that new wine making techniques and higher consumption in New World markets like the United States have changed the French wine industry.

For the French, more than just their wine industry is at stake. For many, the loss of French wine is a loss of French identity.

“They can't choose between the two. Because French people - we are wine and cheese - we are everything,” said …

Technical Analysis Under Knightian Uncertainty, Andre Mouton

Student Theses and Dissertations

Technical analysis, or the forecasting of asset price movements using past prices, is commonly practiced in financial markets but poorly explained by mainstream economic theory. I show that a technical rule can have predictive power when an asset’s payoffs are subject to Knightian uncertainty, defined as variation that cannot be described probabilistically (Knight, 1921). I present an asset-pricing model in which asset payoffs undergo periodic shifts in trend, and agents form expectations about these payoffs using a constant gain least squares (CGLS) rule. I investigate whether a second CGLS rule, operating on price, can provide a more accurate forecast of …

Macroeconomic Stabilization When The Natural Real Interest Rate Is Falling, Sebastien Buttet, Udayan Roy

Publications and Research

The authors modify the Dynamic Aggregate Demand–Dynamic Aggregate Supply model in Mankiw’s widely-used intermediate macroeconomics textbook to discuss monetary policy when the natural real interest rate is falling over time. Their results highlight a new role for the central bank’s inflation target as a tool of macroeconomic stabilization. They show that even when the zero lower bound is not binding, a prudent central bank will need to match every decrease in the natural real interest rate with an equal increase in the target rate of inflation in order to stabilize the risk of the economy falling into a deflationary spiral, …

The Relationship Between Health And Schooling: What's New?, Michael Grossman

Economics Working Papers

Many studies suggest that years of formal schooling completed is the most important correlate of good health. There is much less consensus as to whether this correlation reflects causality from more schooling to better health. The relationship may be traced in part to reverse causality and may also reflect "omitted third variables" that cause health and schooling to vary in the same direction. The past five years (2010-2014) have witnessed the development of a large literature focusing on the issue just raised. I deal with that literature and what can be learned from it in this paper. I conclude that …

Joan Robinson And Mit, Harvey Gram, Geoffrey Harcourt

Economics Working Papers

The great question which has always haunted the type of analysis offered by the MIT economists in answer to Robinson's provocative critique (1953) has always been her own question: how to get into equilibrium? If the notion of "vision at a distance," inherent in dynamic equilibrium analysis (Dorfman, Samuelson, and Solow, 1958) means co-ordination of long-term expectations, recent work shows theory, that "getting into equilibrium" is an impossibility. This vindicates Robinson's position in the capital controversy, at least with respect to the MIT economists.

Revisting The Domestic Labor Debate: Toward A Critique Of Workerist Feminism, Alice Feng

Dissertations, Theses, and Capstone Projects

The extremely high presence of housewives in Italy during the 'miracle years,' of 1950-1963, seemingly suggested that an unprecedented number of women were unemployed after their expulsion from large-scale industry. This phenomenon inspired debate among feminists on questions such as the contribution of housewives to the reproduction of labor-power, the character of reproductive labor and the relation between the participation of women in waged labor and unwaged domestic labor. In revisiting this phenomenon, this thesis argues that, contrary to the appearance of women being unemployed, a significant number of women, along with children, were irregularly engaged in undeclared forms of …

Cuba's Agricultural Transformations, Armando Nova Gonzalez, Mario A. Gonzalez-Corzo

Publications and Research

The Cuban government has implemented a series of agricultural transformations since 2007 to increase the country’s agricultural self-sufficiency and reduce its dependency on food imports. These include the transfer (in usufruct) of State-owned land to non-State producers (e.g. cooperatives and private farmers), moderate price reforms, the decentralization of decision making, and the gradual relaxation of existing forms of agricultural commercialization. As a result of these measures, the area planted, as well as physical output and agricultural yields (in selected non-sugar crop categories) have shown mixed results, but still remain below desired levels. There are three (3) fundamental unresolved aspects that …

Essays On Exchange Rate Pass-Through, Michael Malenbaum

Dissertations, Theses, and Capstone Projects

This dissertation examines the degree to which the prices of imports to the United States respond to changes in bilateral exchange rates. The first chapter provides a review of the literature on exchange rate pass-through and outlines how research on the topic has changed over the past forty years. The next two chapters focus individually on specific questions that are important to the pass-through literature. These topics include the impact of imperfect competition and varying market shares on pass-through rates, as well as the decline in pass-through to import prices and the possible effects of China's increased role in trade …

Essays On The Economic Analysis Of Transportation Systems, Hyoungsuk Shim

Dissertations, Theses, and Capstone Projects

This dissertation consists of four essays on the economic analysis of transportation systems. In the first chapter, the conventional disaggregate travel demand model, a probability model for the modeling of multiple modes, generally called random utility maximization (RUM), is expanded to a model of count of mode choice. The extended travel demand model is derived from general economic theory -- maximizing instantaneous utility on the time horizon, subject to a budget constraint -- and can capture the dynamic behavior of countable travel demand. Because the model is for countable dependent variables, it has a more realistic set of assumptions to …

Optimal Targeting Regimes And Instrument Rules In The Basic New Keynesian Model, Luc Marest

Dissertations, Theses, and Capstone Projects

In the first chapter, the objective is to measure the value of commitment in executing monetary policies in the context of the New Keynesian model and with value that is represented by the standard quadratic welfare function containing weighted output gap and inflation variances. It is found that there is a substantial potential for improvement of welfare under commitment, but this depends on some key parameters in the model. The range of parameter calibrations most often found in the literature, however, suggests the improvements will be large. We then consider specific monetary policies akin to Taylor rules. From the optimality …

Essays In The Economics Of Education And Health, Jesse Margolis

Dissertations, Theses, and Capstone Projects

In this work, I study several aspects of the economics of education and health. The first chapter focuses on education, analyzing the New York City Teacher Bonus Program. Recent reviews of the program have found lower student test scores at schools randomly chosen to receive performance pay than at control schools not eligible for bonuses. Several studies have suggested lower intrinsic motivation among teachers at treatment schools as a possible mechanism driving these surprising results. The program was abruptly ended after three years, allowing me to use post-trial data to study the program's persistent effect on intrinsic motivation absent any …

Basic Cable: A Reluctant American Perspective On The Arab Spring Through Revolutionary Art, Philip Ayoub

Dissertations, Theses, and Capstone Projects

Supported by a critical component that traces back the Egyptian revolution of 2011 to its roots in the post-Nasser era when the Supreme Council of the Armed Forces assumed nearly complete political and economic control over the country, this novella, based in New York City, looks at the crisis through an American lens. As the story progresses the protagonist learns that the conditions which precipitated the events in Egypt can be viewed at once as both a product of American capitalism and Egyptian complicity, as well as act as a mirror, albeit on a magnified scale, of the changing socio-economic …

Essays In Health Economics Of Cigarette Consumption, Yan Song

Dissertations, Theses, and Capstone Projects

Chapter 1, the primary focus of this essay is to use a long time series of state cross sections for the 1955-2009 time period in the United States in order to predict cigarette consumption. This essay updates estimates of the rational addiction model of cigarette consumption obtained by Gary Becker, Michael Grossman, and Kevin Murphy in their seminal 1994 American Economic Review paper. By using two types of prices, the cigarette price and the cigarette tax, and employing a cigarette demand function, I verify that smoking is a rationally addictive form of behavior. This is based on the theory that …

Labor Market Trajectories Of Black Women In The United States, 1980 To 2010, Danielle Jackson

Dissertations, Theses, and Capstone Projects

In light of several trends among Black women in the U.S., including rising levels of college degree attainment, immigration, and household headship, scholars have begun to more thoroughly explore the factors impacting Black women's labor market outcomes (e.g., employment status, earnings, and occupational prestige). Focusing on the 30-year period of 1980 to 2010, this dissertation applies theories of social and cultural capital, intersectionality, and social mobility to the examination of Black women's labor market trajectories according to their nativity (U.S.- vs. foreign-born status) and level of educational attainment (college-educated vs. non-college-educated). Additionally, this dissertation examines recent national data to determine …

Education And Marriage Decisions Of Japanese Women And The Role Of The Equal Employment Opportunity Act, Linda N. Edwards, Takuya Hasebe, Tadashi Sakai

Economics Working Papers

Prompted by concordant upward trends in both the university advancement rate and the unmarried rate for Japanese women, this paper investigates whether the Equal Employment Opportunity Act (EEOA), which was passed in 1985, affected women's marriage decisions either directly or via their decisions to pursue university education. To this end, we estimate a model that treats education and marriage decisions as jointly determined using longitudinal data for Japanese women. We find little evidence that the passage of EEOA increased the proportion of women who advance to university, but strong support for the proposition that it increased the deterrent effect of …

Políticas De Precios Y Comercialización Agrícola Durante La Transición: Experiencias Y Lecciones Para Cuba, Mario A. Gonzalez-Corzo

Publications and Research

Las políticas de precios y comercialización de productos agrícolas desempeñaron un importante papel durante las transiciones en los antiguos países socialistas. Estas transiciones agrícolas primordialmente se caracterizaron por el desmantelamiento, en algunos casos como China y Vietnam de forma gradual y calibrada y en otros de forma acelerada como en algunos países de Europa del Este y la Unión Soviética, del colectivismo, los subsidios estatales y los controles de precios y por mayores grados de participación de actores no-estatales en la comercialización de productos agrícolas. A pesar de notables diferencias estructurales y coyunturales, las experiencias de los antiguos países socialistas …

The Innovation Makerspace: Geographies Of Digital Fabrication Innovation In Greater New York City, Kathryn Dickerson

Theses and Dissertations

Desktop digital fabrication technology has the potential to powerfully alter the economics, geography, and sociology of production. The desktop technology cannot reach its potential for widespread impact until it improves in quality and decreases in price. Makerspaces have emerged in the United States in the last eight years as informal social organizations where innovation in this technology may be occurring. This study examines whether innovation in digital fabrication technology has occurred, or has the potential to occur, at makerspaces in the New York City area.

The Doha Round And Globalization: A Failure Of World Economic Development?, William E. Keating

Theses and Dissertations

The objective of this thesis is to analyze the WTO’s Doha Round and its numerous developmental objectives, assess the major issues that led to its stagnation, as well as examine the economic prospects for developing nations and the potential future of international trade and development.

Transportation And Sanitation Drivers Of Land Use/Land Cover Change: Loss Of The Jamaica Bay Wetlands, Margaret Joy Cytryn

Theses and Dissertations

This thesis presents an analysis (1830-2014) of the historical events of land use/land cover change in the Jamaica Bay estuary, identification of the agents of change, and a perspective on the potential drivers of transportation and sanitation in land use/land cover change.

Effects Of Divorce Risk On Women's Labor Supply And Human Capital Investment, Kristin Mammen

Publications and Research

This paper examines the effects of the divorce law liberalization of the early 1970s on the increase in divorce rates during the same time period. A review of the evidence suggests that the law changes were not a major driver of the divorce rates; but the policy changes appear to have affected behavior even for those who did not divorce. The results here suggest that as they saw the laws changing, young women in the divorce reform states redirected some of their investments from marriage to their own human capital. The perceived increase in the probability of divorce motivated women …

Son Preference, Fertility Decline And Non-Missing Girls Of Turkey, Onur Altindag

Economics Working Papers

Couples in Turkey exhibit son preference through son-biased differential stopping behavior that does not cause a sex ratio imbalance in the population. Demand for sons leads to lower (higher) ratios of boys to girls in large (small) families. Girls are born earlier than their male siblings. Son-biased fertility behavior is persistent in response to decline in fertility over time and across households with parents from different backgrounds. Parents use contraceptive methods to halt fertility following a male birth. The sibling sex composition is associated with gender disparities in health. Among children who were born in the third parity or later, …

Political Inclusion And Educational Investment, Stephen D. O'Connell

Economics Working Papers

Using exogenous geographic variation in exposure to 1993 reforms that introduced seat quotas for women in local government in India, I find a sizable increase in the enrollment rate of male and female school-age children resulting from additional exposure to women leaders. Effects are particularly concentrated among poorer households and those with less- educated proximate role models, and were commensurate with reductions in idle time and household-enterprise employment. There is no evidence for the effects being facilitated by changes in school infrastructure, the labor market, or among broader social factors related to intrahousehold bargaining. Using textual data from the news …

White Paper On Research Opportunities And Cuny Library Faculty: The Need For Annual Leave Parity, Psc Cuny Library Faculty Committee (2014-­2015), Jay H. Bernstein, Jill Cirasella, John A. Drobnicki, Francine Egger-Sider, Lisa Ellis, Robert Farrell, William Gargan, Bonnie Nelson, Mariana Regalado, Sharon Swacker, Tess Tobin

Publications and Research

This White Paper provides an exposition and analysis of how annual leave disparity has arisen for Library Faculty at the City University of New York (CUNY) as compared to other CUNY faculty, its effects on librarians, and what a positive solution to the problem would look like.

Essays On The Economics And Methodology Of Social Mobility, Benjamin Zweig

Dissertations, Theses, and Capstone Projects

This dissertation consists of three essays which aim to extend the methodology and analysis of the study of social mobility. In the first essay, differences in intergenerational mobility across race and across the parent's earnings distribution are explored through a nonparametric framework. Components of mobility are differentiated and analyzed separately in order to get a comprehensive account of heterogeneities in mobility. Several important differences are found including higher expected mobility for white households, higher idiosyncratic mobility for black households, larger disparities in expected mobility at the high end of the earnings distribution, and much higher rates of overall intergenerational persistence …

The Impact Of Technology On Consumerism, David Naranjo

Dissertations, Theses, and Capstone Projects

E-commerce is shifting the way people purchase their goods and services and affecting the relationship between technology and society. Consequently, traditional retailers, aware of the inevitable change, have developed strategies to keep up with the continuously evolving marketplace. These strategies vary from creating virtual stores (i.e., websites) and developing digital social networks to data mining and spamming.

Therefore, from a historical point of view, this thesis will analyze the impact of technology on commerce and how the creation of new virtual marketplaces had affected consumers' behavior. This thesis will explore the origins of e-commerce, the technologies that made possible its …

Three Essays On Income And Wealth Inequality, Damir Cosic

Dissertations, Theses, and Capstone Projects

This dissertation consists of three essays on income and wealth inequality. The essays examine various aspects of this complex feature of the economic system.

The first essay shows that the distribution of firm sizes in an economy is an important determinant of wage distribution. I use data from the U.S. Current Population Survey and the ExecuComp between 1992 and 2012 to construct a new dataset and estimate wage distribution and various measures of wage inequality. I decompose differences in wage inequality across firm sizes and over time by using semi-parametric methods. In 1992, wages were distributed more unequally in small …

Negative Externalities, Network Effects, And Compatibility, Matthew G. Nagler

Publications and Research

Positive network effects arise where incremental product use increases the utility of users of compatible products (user-positive effects), but also in situations where product use imposes negative externalities that selectively affect the adopters of incompatible alternatives (nonuser-negative effects). This paper compares the social optimality of firms’ incentives for compatibility under these two regimes. Using a “location” model of differentiated products, I find that, under both regimes, incentives for unilateral action to increase compatibility tend to be suboptimal when firms’ networks are close in size, but they may be excessive for small firms when networks differ greatly in size. The result …

Resistance, Acquiescence Or Incorporation? An Introduction To Land Grabbing And Political Reactions ‘From Below’, Marc Edelman, Ruth Hall, Saturnino M. Borras Jr., Ian Scoones, Ben White, Wendy Wolford

Publications and Research

Political reactions ‘from below’ to global land grabbing have been vastly more varied and complex than is usually assumed. This essay introduces a collection of ground- breaking studies that discuss responses that range from various types of organized and everyday resistance to demands for incorporation or for better terms of incorporation into land deals. Initiatives ‘from below’ in response to land deals have involved local and transnational alliances and the use of legal and extra-legal methods, and have brought victories and defeats. The relevance of political reactions to land grabbing is discussed in light of theories of social movements and …

Precarity And Gentrification: A Feedback Loop, Samuel Stein

Graduate Student Publications and Research

How do rent hikes and labor precarity conspire to reinforce each other against tenants and workers? Samuel Stein explains the mechanisms that link these two trends affecting citizens and calls for a tightening of rent-control laws to stop the spiraling descent of American residents into poverty.