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Investigating The Impact Of Aggregate Household Wealth Changes: Permanent Versus Transitory Wealth Effects On Consumption And Taxable Income, Markland Howard Tuttle Aug 2003

Investigating The Impact Of Aggregate Household Wealth Changes: Permanent Versus Transitory Wealth Effects On Consumption And Taxable Income, Markland Howard Tuttle

Doctoral Dissertations

This dissertation examines the permanent and transitory effects of aggregate wealth changes on aggregate consumption and the distribution of taxable income, while controlling for other important macroeconomic factors. In the three essays presented, the first investigates the relationship between consumption, wealth, and disposable income. In addition, the relationship between the disaggregated components of consumption (non-durable, durable, and services consumption), wealth, and disposable income is explored. Through the use of cointegration techniques and Vector Error-Correction Models, the permanent and transitory responses of all series are investigated. The findings suggest that aggregate consumption, wealth, and disposable income are endogenous in the long …


The Effect Of School Size, Socioeconomic Status, And Grade -Level Configuration On Academic Achievement In Louisiana Public Schools, Scarlet L. Chopin Apr 2003

The Effect Of School Size, Socioeconomic Status, And Grade -Level Configuration On Academic Achievement In Louisiana Public Schools, Scarlet L. Chopin

Doctoral Dissertations

The national emphasis on continually improving education for all students coupled with accountability requires educators and policymakers to identify and implement effective schooling structures and strategies. In this study, the researcher examined the relationship among school size, socioeconomic status of students, the interaction of school size and socioeconomic status (SES), grade-level configuration, and academic achievement in Louisiana. An extensive data set representing 1362 public PK–12 schools was analyzed at the 4th, 8th, and 10th grade levels. The construct of schooling as a production process was used as a theoretical model wherein the education production function was used to describe the …


Testing The Effectiveness Of Deregulation In The Electric Utility Industry: A Market-Based Approach, Manfen Wang Apr 2003

Testing The Effectiveness Of Deregulation In The Electric Utility Industry: A Market-Based Approach, Manfen Wang

Doctoral Dissertations

In this paper, I investigate one stated purpose of deregulation in the electric utility industry—to make utility operations more responsive to news releases, a proxy for market forces. My premise is that utilities providing electricity to highly deregulated states will be more responsive to market forces than those providing electricity to non-deregulated states. I employ intraday data from April to June 2001, the year after deregulation, and from 1994, the year before deregulation. I also employ the Brown-Forsythe-Modified Levene (BFL) test to determine the volatility differences between days with released news and days without released news. The results of BFL …