Social and Behavioral Sciences Commons^™

Asset Price Inflation- Theory, History, And An Alternative Model, Christian Fitchett

Honors Papers

This paper takes a different approach by developing a model based on the boom and bust cycle of Japan during the mid to late 1980's, using currently accepted theory. In section II, I review the general characteristics of asset bubbles to familiarize the reader and offer some historical examples. Section III offers a review of many of the theoretical papers on asset bubbles, as well as empirical papers, which involve similar phenomena in order to gain some insight in building the model. In section IV, I build a theoretical model. Section V begins preliminary testing to examine this theory and …

Time-Variant Institutions: Implications For European Unemployment, Nathaniel Stankard

Honors Papers

The upward trend of European unemployment begs many questions, the most basic of which is why unemployment continues to climb after twenty-five years. Adverse shocks, rigid labor market institutions, and their interaction are used to explain this persistence and the differences in individual country experiences.

While these models do indeed answer both questions to some extent, they assume that institutions predate the rise in unemployment, often treating them as static. By compiling extant data series and constructing my own, I find that this assumption is weak, and that the evolution of institutions is far from static.

I create and estimate …

The Us School Breakfast Program: Short- And Long-Term Academic Effects, Chris Rohlfs

Honors Papers

This paper evaluates short- and long-term academic effects of the US School Breakfast Program (SBP). The paper divides into four sections: an introduction (page 4), a literature review (page 11), a statistical model (page 31), and an empirical model (page 38). In the first section, we cover general facts and details about the SBP. In the second section, we first review literature relevant to the SBP (supply, demand, and short-term effects studies). Next, we explore studies of the long-term effects of schooling and of school quality. Many of the techniques and information from these studies relate to our discussion of …