Social and Behavioral Sciences Commons^™

Pricing Lower Or Buying Cheaper? How Grocery Consumers Pay Less During Seasonal Demand Peaks, Colin Watson

Undergraduate Economic Review

The average price paid for a seasonal grocery category is (surprisingly) lower during the category's seasonal demand peak. For several product categories at one supermarket chain, demand peaks are shown to be associated with 1) consumer substitution to lower-quality products, 2) product price reductions, especially on products that increase their market shares, and as a result 3) a decline in the average price paid for the product category. In one very seasonal category, price reductions are driven by intertemporal substitution associated with large weekly discounts. Findings are consistent with any of several loss leader models.

The Effect Of Women’S Intrahousehold Bargaining Power On Child Health Outcomes In Bangladesh, Eleanor M. Schmidt

Undergraduate Economic Review

Trends in developing economies suggest that as relative female intrahousehold bargaining power improves, consumption preferences favor basic needs which promote child welfare. This study seeks to examine whether greater household bargaining power by Bangladeshi women is related to an improvement the health of their children. Results suggest that certain aspects of bargaining power, including female participation in decision-making about child health care, large household purchases and daily needs, are associated with larger child height-for-age z-scores. There exists a positive correlation between children in families where their mothers have decision-making authority and child health outcomes.

A Household Model Of Careers And Education Investment, Jessica F. Young

Undergraduate Economic Review

This paper develops a two-stage non-cooperative household game, in which parents make career decisions and an investment into their child’s human capital. The model is solved for Nash equilibrium outcomes and extended for a cooperative solution. In non-cooperative pure strategies, both parents choosing to work is a Nash equilibrium, though there are alternative outcomes when the conditions underlying the career decision are varied. The investment behaviour of agents is analysed. We find that choices are critically affected by the magnitude of the cost (and reflected quality) of a high education investment relative to a low investment, and the intrinsic value …

Undergraduate Economic Review: Recent Trends Report, Jake Mann

Undergraduate Economic Review

The Undergraduate Economic Review is a peer-reviewed, internationally distributed open-access journal aimed at promoting high quality undergraduate research. It is supported by the Ames Library and the Department of Economics at Illinois Wesleyan University. The journal has been in existence for eight years, and has published many notable articles from a variety of undergraduate institutions. This report provides an overview and preliminary analysis of statistics and data from Berkeley Electronic Press and Google Analytics reports.

The Growing Concern Of Poverty In The United States: An Exploration Of Food Prices And Poverty On Obesity Rates For Low-Income Citizens, Catherine Gillespie, Kathy Gray, Ethan Bailey, John Zivalich

Undergraduate Economic Review

Studies demonstrate the link between income and obesity, determining factors to explain the strong correlation between high body mass index and low socioeconomic status. Many focus on uncovering predictors but few use a systems approach: identifying the interaction among predictors and their relative magnitude concerning obesity. This study asks: do poverty or food price indicators have a statistically stronger relationship with obesity?

By collecting data, evaluating trends, and analyzing statistics, this study extends research by revealing a stronger relationship between obesity and food prices as opposed to obesity and poverty.

Immigrants, Medicaid, And The Deficit Reduction Act, Nicholas T. Fritsch

Undergraduate Economic Review

This study examines the effects of the Deficit Reduction Act (DRA) on immigrant Medicaid participation using data from the 2005 and 2007 March supplements of the Current Population Survey. The DRA made changes to Medicaid coverage laws by requiring proof of citizenship for eligibility rather than a sworn statement, as was the case prior to the DRA, thus reducing the non-citizen/non-legal permanent resident use of Medicaid. A difference-in-difference methodology is used, and the research finds that the laws were effective in decreasing non-citizen use of Medicaid relative to citizens, though there is a possibility of “chilling effects” on eligible non-citizens.

Meta-Analysis Of Environmental Kuznets Curve Studies: Determining The Cause Of The Curve’S Presence, Brittany Goldman

Honors Projects

This investigation uses meta-analysis to explore the systematic variation across Environmental Kuznets Curve (EKC) studies to better understand the specific factors that affect the relationship between economic growth and environmental quality. Meta-analysis is the statistical synthesis of data from a set of comparable studies yielding a quantitative summary of pooled results. Following the findings of Li et al., (2007) a multinomial logit model is employed to analyze 929 observations from 120 different studies published between 1992 and 2012. Results indicate that seven variables (time, quality, emissions, development, fitness, anthropogenic-related gases, carbon dioxide, and sulfur dioxide) significantly affect the presence of …

Economics Of Salary Dispersion In The National Basketball Association, Daniel Schouten

Honors Projects

The purpose of this study is to discover the optimal amount of salary dispersion for an NBA team and the affect that dispersion has on team wins and revenue. The optimal amount of salary dispersion could be different for teams that want to maximize wins and teams that want to maximize revenue. For the purpose of this study, five different measures of salary dispersion are utilized to most effectively understand the effects. Empirical models are constructed and OLS regressions employed using cross-sectional data from the 2006-07 NBA season through the 2010-11 season to understand the relationship. The empirical evidence supports …

Economics Of Salary Dispersion In The National Basketball Association, Dan Schouten, Michael Seeborg, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

Time Series Analysis Of The Unemployment Rate In Kankakee County, Illinois, Cameron Ohlendorf, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

A Time-Series Analysis Of Two Decades In Peoria's Labor Market, Nick Kenaga, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

Diamonds Are Forever: Botswana's Fight Against The Resource Curse, Meara Dibadj, Michael Seeborg, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

A Time-Series Analysis Of Unemployment For The Rockford Metropolitan Area Since 1990, Kent Larson, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

A Time-Series Analysis Of Employment In Danville, Illinois, Jonathan Bates, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

A Time-Series Analysis Of Unemployment In Cook County And The U.S., Taylor Kaldahl, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

Time-Series Analysis Of Recent Employment Statistics In The Champaign-Urbana Metropolitan Area, Patrick Dahl, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.

Financial And Labor Market Determinants Of Mortgage Delinquency Rates: Mclean County, Il, 1985-2011, Jake Mann

Honors Projects

This study examines the relationship between labor and financial market factors and the mortgage delinquency rate in McLean County, Illinois, between January 1985 and December 2011. The mortgage delinquency rate is defined as the ratio between the number of defaulting mortgages and the number of mortgages issued. The volume of defaulting mortgages is measured through the number of lis pendens notices filed with the Recorder’s Office. A lis pendens notice informs the grantee of a mortgage loan that the grantor's payments are three months overdue. The issuance of this notice starts a foreclosure process. As labor market indicators we consider …

Economic Assimilation Of Chinese Immigrants In The United States: Is There Wage Convergence With Natives?, Yujie Wu

Honors Projects

Asian Americans are often referred to as the “model minority” due to perceptions of their high income and educational attainment; yet relatively little is known about their economic assimilation experience. The purpose of this study is to determine economic assimilation of Chinese immigrants over time. This research follows a cohort of Chinese immigrants from 1994 to 2011 and compares their earnings performance with natives that have similar educational attainment. Multiple regression analysis is used to analyze data from the Current Population Survey. Results show that, although the cohort of Chinese immigrants initially has earnings substantially lower than the natives, it …

Demand For Money And Exchange Rate: Evidence For Wealth Effect In India, Sahadudheen I

Undergraduate Economic Review

External factors such as variations in exchange rates should, to some extent, affect the composition of optimal money holdings. It was Robert Mundell who proposed the idea that demand for money could depend on the exchange rate in addition to the income and interest rate. Changes in exchange rate may have two effects on the demand for domestic currency, wealth effect and currency substitution effect. The main objective of the paper is to examine the effects of exchange rate on domestic demand for money in India covering the period of 1998Q1 to 2009Q4. The statistical and time series properties of …

Shanghai As An International Financial Center - Aspiration, Reality And Implication, Raph Luo

Undergraduate Economic Review

China’s rapid economic development, especially in the financial sector, has ignited the discussion of the re-emergence of Shanghai as a leading international financial center (IFC). Much still remains to be done for Shanghai to catch up with established centers such as New York and London, including deepening its capital markets and opening itself up to cross-border capital flows. While Shanghai’s current financial development has been made possible largely by China’s past economic conditions and policies, recent reforms are also likely to guarantee Shanghai the position as a world-class onshore IFC in the near future. The rise of Shanghai will likely …

Returns From Self-Employment: Using Human Capital Theory To Compare U.S. Natives And Immigrants, Nikola Popovic

Undergraduate Economic Review

The focus of this paper is to examine the economic returns from self-employment when comparing natives and immigrants. I hypothesize that returns from self-employment will increase with age and education, and that immigrants from China, India, and the Philippines will have higher returns while immigrants from Mexico will have lower returns than natives. I also hypothesize that immigrants with high levels of education will earn more than natives with the same amount of education. The OLS regressions show that human capital variables explain the differences in self-employed income between natives and immigrants, as the literature suggests.

Economic Shocks, Trade And International Relations, Jack Barnes Thompson

Undergraduate Economic Review

In an interdependent world, trade has unavoidable game aspects. A model with two agents is used to determine the impact of trade and a military alliance between two major world players, North America and China, and an external non-actor, South Korea. The objective of this study is to investigate the impact of cooperative actions and outcomes by the two agents on a two-track policy for South Korea. We also study a variant to the game by considering a change in international relations. Welfare implications are also observed.

Does The Economy Determine The President? A Regression Model For Predicting Us Presidential Elections, Roy K. Roth

Undergraduate Economic Review

There is a prevalent belief that the economy determines the President. If the economy is good, the President keeps his job, if it is bad, he is out. A large body of econometric literature has been published on this topic. This paper takes a new approach. I look not at how the popular vote changes with economic conditions, but how the electoral vote changes. I further examine how these changes affect the probability that the incumbent party stays in office. I find that economic conditions may not be as important as they have been purported to be.

Economic Assimilation Of Mexican And Chinese Immigrants In The United States: Is There Wage Convergence?, Michael Seeborg, Yujie Wu

Scholarly Publications

This research determines the economic assimilation experience of Mexican immigrants and Chinese immigrants towards natives level over time after controlling for human capital and demographic characteristics. Using Census data from multiple years, this research follows cohorts of Mexican and Chinese immigrants who migrated to the U.S. prior to 1994 to investigate the impact of assimilation on the level of earnings for these immigrants. Multiple regression and simulation techniques are used to compare the earnings growth pattern for the two immigrant groups. Results show that over time there is wage convergence for Chinese immigrants toward the native level and they do …