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Economics

Illinois Wesleyan University

Honors Projects

2001

Articles 1 - 5 of 5

Full-Text Articles in Social and Behavioral Sciences

Neighborhood Effects And The Development Of Cognitive Ability: A Re-Examination Of The Bell Curve, Amber Munday '01 Apr 2001

Neighborhood Effects And The Development Of Cognitive Ability: A Re-Examination Of The Bell Curve, Amber Munday '01

Honors Projects

"The average black and white differ in IQ at every level of socioeconomic status..." state Richard Herrnstein and Charles Murray in 1994's controversial book, The Bell Curve (269). Implicit in this statement is the idea that blacks are genetically less intelligent than whites, and it is because of this, that the gap in black and white median incomes persists. Herrnstein and Murray believe that the portion of IQ, as measured by the Armed Forces Qualification Test (AFQT), that is influenced by environmental factors is virtually irrelevant. This is due to the fact that less intelligent people live in less desirable …


Development Of Human And Physical Capital And Change In The Structure Of Exports In Developing Countries: An Analytical Study, Pritam Banjeree '01 Jan 2001

Development Of Human And Physical Capital And Change In The Structure Of Exports In Developing Countries: An Analytical Study, Pritam Banjeree '01

Honors Projects

The objective of this paper is to look at how development of physical and human capital affects the structure of exports from developing countries. As a country becomes increasingly developed, it moves away from production in primary goods to production of manufactures. This structural change will also be reflected in its exports. The more developed a country is in terms of human and physical capital the higher will be its manufacturing exports. This hypothesis is tested empirically. Factors like education, per capita income, infrastructure and capital investment are used to capture human and physical capital development, while the percentage of …


A Case Of The Phillips Curve In The Formation Of A Monetary Union, Yuet Wen Wan '01 Jan 2001

A Case Of The Phillips Curve In The Formation Of A Monetary Union, Yuet Wen Wan '01

Honors Projects

The European Monetary Union was established in 1992 as part of an effort to bring economic integration to new levels by creating a common currency area for Europe -a monetary union that would abolish transaction costs of converting one European currency to another, and eliminating exchange rate variability and uncertainty among traders and investors. Since the formation of the European Monetary System in 1979, lowering inflation had become the main monetary policy priority. My research centers on the Phillips Curve, which implies that decreasing inflation rates would always be coupled with increasing unemployment rates. This study uses the trends of …


Explaining The Wage Gap Between Contingent And Noncontingent Workers, Nicole Skalski '01 Jan 2001

Explaining The Wage Gap Between Contingent And Noncontingent Workers, Nicole Skalski '01

Honors Projects

An important labor market trend is the rapid increase of the contingent workforce. Contingent workers are members of the workforce who do not perceive themselves as having an explicit or implicit contract for continuing employment. Under this definition, it is estimated that 6 million workers are classified as contingent. Researchers have discovered a pay gap between contingent and noncontingent workers. Hipple, in his 1998 study, argued that median earnings were $266 per week for contingent workers, compared with $444 for the noncontingents. The purpose of this project is to explore what causes this income differential by using the National Longitudinal …


Misery And Militarization: High Military Expenditure And Minimal Development In India, Michelle L. Stone '01 Jan 2001

Misery And Militarization: High Military Expenditure And Minimal Development In India, Michelle L. Stone '01

Honors Projects

Considering its large and consistent allocations to defense over time, India has been noted to be a predominant military power in Asia. Concurrently, India can not claim to have reached notable levels of economic and social development. Minimal levels of development thwarts the ability of the population to attain basic needs such as food, health care, and education. Therefore, by examining economic and social variables over the 1974 to 1995 period within a recursive model, this paper determines that, in India, while economic development is not affected by military spending, social development is negatively affected by military spending. Moreover, the …