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Articles 1 - 12 of 12
Full-Text Articles in Social and Behavioral Sciences
The Effects Of Ceo Compensation Structure On Reported Earnings And Shareholder Wealth, Kory J. Blumer '03
The Effects Of Ceo Compensation Structure On Reported Earnings And Shareholder Wealth, Kory J. Blumer '03
Honors Projects
Corporate executives are paid at extremely high levels compared to lower-level employees, especially in the United States, and their level of compensation usually does not change based on company performance with respect to competitors, but rather with changes in their company's stock price. It is well known that executive compensation among U.S. corporations is comprised mostly of stock options, sometimes up to 90% of overall compensation (Edgar 2002). These stock options allow executives, namely chief executive officers (CEOs), to cash in big bucks during good times and risk zero losses during bad times.
The Truth About Income Inequality, Juliana Giraldo '03
The Truth About Income Inequality, Juliana Giraldo '03
Honors Projects
Until recently, sustaining high economic growth was thought to be the ultimate goal of development. Unfortunately, economic growth does not necessarily imply an improvement in the standards of living of all of the country's citizens, due to the unequal distribution of income. Income inequality is a problem for both developing and developed nations across the globe, but it is most evident in the great metropolises of the developing world. Much research has been done to determine the true relationship between growth and income inequality and recently, emphasis has shifted to ascertaining exactly what social and economic determinants affect the level …
The Effect Of Supply And Demand Factors On The Affordability Of Rental Housing, Jamie L. Davenport '03
The Effect Of Supply And Demand Factors On The Affordability Of Rental Housing, Jamie L. Davenport '03
Honors Projects
The difficulty of acquiring affordable rental units remains the most significant concern for low-income households. Despite the strong economic growth of the 1990s, one-third of all households spend more than the recommended thirty percent of their incomes on rental costs. These cost-burdened households face diminishing affordable rental units due to gentrification, rental rates increasing faster than real incomes, and the expiration of government subsidized rental units. The rental market is the focus of this paper since low-income households face the greatest barriers to acquiring affordable housing. This paper uses an empirical analysis of the supply and demand factors affecting affordability …
The Labor Market Of Nurses: A Cobweb Model, Nimish J. Adhia '03
The Labor Market Of Nurses: A Cobweb Model, Nimish J. Adhia '03
Honors Projects
The labor market of nurses has been plagued by reports of persistent shortages, which raise concerns about the quality of health care. The formulation of appropriate policy intervention requires knowledge of the factors shifting the demand and supply of nurses. This paper develops a model of the nursing labor market, in which the demand and supply curves are identified from the observed employment and wages using econometric techniques. It is found that the short term wage elasticity of supply is not significantly different from zero, and hence the employment trends in the nursing labor market follow a cobweb pattern, where …
The Assimilation Of Immigrants Who Arrived In The United States As Children, Michael Seeborg, Jeremy Sandford
The Assimilation Of Immigrants Who Arrived In The United States As Children, Michael Seeborg, Jeremy Sandford
Scholarly Publications
Although there has been much research on the effects of national origin, English speaking ability and educational attainment on the assimilation of immigrants, there has been little work on the effect of age of immigration on assimilation. This paper uses 1990 Census (IPUMS) data to assess the effects of age immigration on the relative earnings performance of 30-year-old immigrant men. Earnings regressions are run for three cohorts of immigrants defined by their age of arrival and a decomposition analysis is conducted to explain earnings gaps between each of the three immigrant cohorts and a sample of nonimmigrant men. We find …
The Effects Of Ethnic Capital And Age Of Arrival On The Standard Of Living Of Young Immigrants, Michael Seeborg, Jeremy Sandford
The Effects Of Ethnic Capital And Age Of Arrival On The Standard Of Living Of Young Immigrants, Michael Seeborg, Jeremy Sandford
Scholarly Publications
This paper uses a sample of 30 year old male immigrants from the 1990 Census PUMS data to explore the effects that age of arrival and ethnic capital have on the standard of living of immigrants. It finds that both time of arrival and ethnic capital effect immigrants’ standard of living through a set of interaction effects and indirect effects. In particular, immigrants who arrive as children enjoy greater returns to human capital investments than immigrants who arrive as young adults. Moreover, immigrants who arrive as children are affected less than young adult immigrants by the ethnic capital of the …
Housing Preferences Of Spanish-Speaking Migrants, Pueo Keffer
Housing Preferences Of Spanish-Speaking Migrants, Pueo Keffer
University Avenue Undergraduate Journal of Economics
In this research I attempt to model and investigate the housing decisions of Spanish-speaking migrants. I use methods developed by Bajari and Kahn (2002) to obtain willingness to pay measurements for the migrant groups in samples drawn from three major California cities. I then apply these results to several hypotheses that attempt to describe current migration patterns of Hispanics into increasingly segregated communities characterized by high levels of crowding, low educational attainment, and high levels of Spanish speakers. This research finds that spoken language plays a significant role in a migrant’s decision process. Spanish-speaking migrants demonstrate a significant preference for …
United States Sugar Trade, Jeremy R. Meiners
United States Sugar Trade, Jeremy R. Meiners
University Avenue Undergraduate Journal of Economics
The best means to understand the effects of the tariff-rate quota system on production and consumption of sugar is by creating an economic model. By analyzing the most recent figures concerning consumption, importation, production, and tariff-rate quotas, an economic model of the sugar market of the United States can be produced. From this model, the effects of the removal of the tariff-rate quota system can be seen, as well as the effects on domestic consumers and producers. Through this model, an accurate picture of whom the tariff-rate quota affects and what these effects are is shown.
Assessing Environmental Externalities Of The Us Coal Base Load Electric Utility Industry Using Data Enveloping Analysis, Faisal Z. Ahmed
Assessing Environmental Externalities Of The Us Coal Base Load Electric Utility Industry Using Data Enveloping Analysis, Faisal Z. Ahmed
University Avenue Undergraduate Journal of Economics
This paper attempts to address two issues. First, is how to objectively measure carbon dioxide emissions from the generation of electricity that uses predominantly coal. Second, is how to incorporate these ‘environmental’ variables into an efficiency model. Using a technique called Data Enveloping Analysis (DEA) a non-parametric piecewise surface (or frontier) over the data is constructed, so as to be able to calculate technical efficiencies (which I call environmental efficiency) relative to this surface. These ‘environmental efficiency’ measures are analyzed. The technique utilized in this study may be extended to calculate each agent’s allocative and scale efficiencies in order to …
Customer Racial Discrimination In The Professional Sports Card Market: The Case Of League Majority Versus Minority, Tyler Forrest
Customer Racial Discrimination In The Professional Sports Card Market: The Case Of League Majority Versus Minority, Tyler Forrest
University Avenue Undergraduate Journal of Economics
Previous research finds that customer racial discrimination decreases the price of a non-white baseball player’s card but does not decrease the price of a non-white basketball player’s card. This paper seeks to examine if racial minority or league minority affects the value of a trading card. Using disaggregated player performance data from 1977 we explore this question with baseball cards (in which non-white players are the league minority) and basketball cards (in which white non-players are the league majority). Using Tobit regressions, we find that customer discrimination exists against non-white players in both baseball and basketball leagues.
Reconsidering Gender And Investment In The Intrahousehold Decision-Making Process, Lin Johnson Iii
Reconsidering Gender And Investment In The Intrahousehold Decision-Making Process, Lin Johnson Iii
University Avenue Undergraduate Journal of Economics
In the very recent past, the economics of the household and the economics of development appear to be edging toward a new convergence of concern around the nature and use of assets. However, these two literatures of economics continue to exist in separate spheres. I draw from both bodies of literature in order to examine gender differences in asset portfolios. I find systematic differences in the way that certain assets held by husbands versus wives influence household decision outcomes. A clear understanding of the nature and functions of various types of assets in hands of husbands and wives is necessary …
Pollution Abatement Costs: Hurting Or Helping Productivity?, Jacqueline M. Volkman
Pollution Abatement Costs: Hurting Or Helping Productivity?, Jacqueline M. Volkman
University Avenue Undergraduate Journal of Economics
This paper analyzes the effect that regulatory inputs or expenditures for labor, materials, and capital have on productivity for three industries (blast furnaces and steel mills, alkalies and chlorine, and petroleum refining). Data is examined from 1973 to 1994 and the growth rate of total factor productivity (TFP) is considered. The pattern of pollution abatement expenditures for three media, water, air, and solid wastes, is also examined graphically. In addition, the measurement for TFP is adjusted to net out regulatory inputs for labor, materials, and capital. A comparison between the original and adjusted measurement of TFP is made for each …