Digital Commons Network^™

The Puzzle Of Long Swings In Equity Markets: Which Way Forward?, Nicholas J. Mangee

Doctoral Dissertations

The main purpose of this dissertation is to determine which class of models -- bubble or Imperfect Knowledge Economics (IKE) -- provides the better account of short-term stock price fluctuations -- and thus long-swings -- on the basis of empirical evidence. However, it is not clear how to test the bubble models' implication that pure psychological and technical momentum-related factors are the primary driver of stock price movements. Moreover, IKE models' implication that fundamentals are the primary drivers of stock price movements -- but that changes in this relation are non-routine -- is also problematic.

This thesis addresses these difficulties …

The Color Of Labor: The Changing Racial And Spatial Distribution Of Middle-Skill Employment, Justin R. Young

Master's Theses and Capstones

Research regarding the growing gap between rich and poor has not wholly considered the dissolution of America's middle-skill jobs (occupations that require training/education beyond the high-school level, but less than a four-year degree). I draw on data from the CPS (1990 to 2009) to uncover the extent to which low, middle, and high-skill employment are distributed among white and nonwhite workers in rural, suburban and urban regions, and how this distribution has changed since 1990. Blacks and Hispanics remain overrepresented in low-skill employment and underrepresented in high-skill labor, although blacks made the most significant percentage gains in high-skill employment since …