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Social and Behavioral Sciences Commons™
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- Human capital (2)
- Agency Theory (1)
- Banking industry (1)
- Coal production companies. general dynamics (1)
- Credit (1)
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- Economic efficiency (1)
- Environment (1)
- Fertility (1)
- Gender wage differentials (1)
- Gender wage gap (1)
- Inflation (1)
- International trade (1)
- Investments in education (1)
- Phillips' curve (1)
- Price Theory (1)
- Returns (1)
- Small businesses (1)
- Theory of the Firm (1)
- Unemployment (1)
- Wage Theory (1)
- Wealth (1)
Articles 1 - 8 of 8
Full-Text Articles in Social and Behavioral Sciences
The Phillips Curve In The 1990s, Hayden Smith
The Phillips Curve In The 1990s, Hayden Smith
University Avenue Undergraduate Journal of Economics
This paper will explore whether or not the Phillips curve relationship exists for the 1990s. I will attempt to estimate a Phillips curve for the past decade using data for the United States. In section two, I will explain the theory behind the Phillips curve and how the theory has evolved. In section three, I will present a literature review discussing previous research and results. Section four will present my empirical model and data. In section 5, I will present my results and discuss econometric problems such as serial correlation that may lead to biased estimates. In section six I …
How Do Varying Investments In Human Capital Differentially Effect Men's And Women's Income?, Dieter Haager
How Do Varying Investments In Human Capital Differentially Effect Men's And Women's Income?, Dieter Haager
University Avenue Undergraduate Journal of Economics
The purpose of my research is to determine if equally qualified college-educated men receive more compensation than college-educated women do after several years of experience in the labor force. The empirical model will include several variables to account for investments in human capital, which will help to establish if the individuals are equally qualified. The variables include controls for education, mobility, migration and area of residence. I am specifically looking to analyze the effects of human capital investment on income. I will also be paying particular attention to the depreciation of human capital, which may occur as a result of …
How Wages Are Set: Uncertain Political Marginal Productivity: Price Theory, Wage Theory, Agency Theory, And The Theory Of The Firm, Thomas C. Lane
How Wages Are Set: Uncertain Political Marginal Productivity: Price Theory, Wage Theory, Agency Theory, And The Theory Of The Firm, Thomas C. Lane
University Avenue Undergraduate Journal of Economics
In this paper, I will derive a new model of wage prices by starting with price theory and wage theory and then blending in the cost factors uncovered by agency theory and the theory of the firm, and Alchian's work on economic uncertainty. The final result is still theoretical and cannot be used to predict a specific workers wage, but is nevertheless more complete and realistic in detailing the process of wage determination.
The Interactions Of Eco-Labeling, Environment, And International Trade, Yi Qian
The Interactions Of Eco-Labeling, Environment, And International Trade, Yi Qian
University Avenue Undergraduate Journal of Economics
A simple graphical model has been developed to examine the relationship between eco-labelling, international trade and environment. This paper analyses that labelling can possibly have adverse effect on environment when the supply of environment-friendly good is greater than the demand of the friendly good pre-labelling (fig.2). In a dynamic setting, however, this situation could be reversed by shifts of demand and supply curves of environment-friendly products (fig.3). The theoretical model predicts change of product prices, which in turn can alter international trade. In bilateral trade, the interaction with country 2 will result in an improvement in the environmental situation in …
Developments In The Banking Industry: Implications For The Future Of Bank Lending To Small Businesses, Myra Read
University Avenue Undergraduate Journal of Economics
This paper investigates the recent developments in the banking industry that are impacting small business lending. The first section describes the traditional lending relationship between banks and small businesses. An analysis of the application of credit-scoring to small businesses follows. The next section discusses potential uses of loan securitization. The final section examines the consolidation trend in the banking industry.
The Role Of Human Capital In Wealth Accumulation, Thomas Scheiding
The Role Of Human Capital In Wealth Accumulation, Thomas Scheiding
University Avenue Undergraduate Journal of Economics
After an introduction to the fundamental elements of human capital theory, I will define the characteristics of general and specific human capital, and show who pays for and yields the benefits from investment in each component. I will then proceed to explain why understanding the magnitude of the rate of return in terms of wealth is imperative, both theoretically and practically. After I develop testable hypotheses, I will introduce the data set to be used, and present my model. Finally, I present the regression results, and provide a direction for future research in this area.
United States V General Dynamics: A Reappraisal, Anthony Wylie
United States V General Dynamics: A Reappraisal, Anthony Wylie
University Avenue Undergraduate Journal of Economics
The purpose of this paper is to examine the reasons behind Material Services’ acquisitions, the reasons why the Government contested the mergers, and how the Government erred in analyzing the case. We wish to show that the combination of the three coal firms—Material Services, Freeman Coal, and United Electric—occurred for reasons of economic efficiency and practicality, not based on any atavistic desire to monopolize and damage social welfare.
The Gender Wage Gap In The Economics Profession A Search In The Return To Marriage And Fertility Of Ph.D. Economists, Weiyi Shi
University Avenue Undergraduate Journal of Economics
Previous researchers have found that after controlling for various determinants of economists’ earnings, there still remains an unexplained residual wage gap across genders in the economics profession. This study uses 1990 Census data to examine the return to marriage and fertility of male and female Ph.D. economists in an attempt to explain in part the residual gender wage gap in the profession. Marital status is found to have no impact on male or female economists’ earnings. Fertility does not affect male economists' earnings, but is negatively correlated with female economists' earnings. I conclude that the different returns to fertility across …