Social and Behavioral Sciences Commons^™

Market Concentration And Political Outcomes, Xueyan Cao

Economics Honors Projects

U.S. industries have become more consolidated over the past decades. This trend has raised concerns regarding its impact on society. This paper delves into the connection between market concentration and political outcomes. By integrating lobbying data from the Center for Responsive Politics with industry-wide economic data from 2003 to 2019, I utilize several multivariate models to investigate the link between concentration and lobbying expenditures at the aggregate U.S. industry level. I also conduct three representative industry case studies: commercial banks, airlines, and general merchandise stores. The results are mixed. While there is a negative association between market concentration and lobbying …

The Effect Of The Minimum Wage On Crime, Abbie Natkin

Economics Honors Projects

Evidence shows that education, labor market conditions for ex-offenders, and wages influence crime rates. The relationship between wages and crime specifically, has interesting potential policy implications, especially in arguments for increasing the minimum wage. Economists speculate that increasing the minimum wage may help reduce crime by increasing wages and thus increasing the opportunity cost of committing crime, making it riskier and less necessary for people to supplement their incomes through illegal avenues. Using crime data from the FBI’s Uniform Crime Reports and minimum wage data from Vaghul & Zipperer (2016), I employ a two-way fixed effects framework to analyze the …

The Effect Of The China Shock On The 2016 And 2020 Us Presidential Elections, Yike Zhou

Economics Honors Projects

Trade liberalization in 2000 opened up the door for increased trade between China and the US, favoring Chinese manufacturers. This period is often referred to as the "China shock" (Autor, 2013). This paper utilizes data collected from the MIT election lab, FRED, and David Dorn's published data to investigate the effect of the China import shock in the early 2000s on the most recent two US presidential elections. Our analysis, which employs commuting zone-level data, reveals that regions more adversely affected by the China shock were more likely to vote for the Republican Party, while regions that suffered less harm …

The Giannis Effect: How Celebrities Impact Prejudice In Their Communities, Mason Bosley

Economics Honors Projects

This paper examines the effect Giannis Antetokounmpo, a Greek-Nigerian NBA player for the Milwaukee Bucks, has had on bias towards immigrants and Black people in Milwaukee and in Wisconsin as a whole. This work is based on the breakthrough 2021 study from Alrababa’h et al., which found that Liverpool FC’s signing of star Muslim footballer Mohamed Salah dramatically reduced public instances of islamophobia in Liverpool. Using Synthetic Control (SC) and Synthetic Difference in Difference (SDID) frameworks, I implement two methods of analysis to examine Giannis’s influence: an examination of Anti-Black and Anti-Immigrant hate crimes in the US, and analysis of …

Zooming Out: A Retrospective Analysis Of Nontraditional Learning Modes' Effect On High School Graduation And Dropout During The 2020-2021 Covid-19 School Year, Jonah F. Klein-Collins

Economics Honors Projects

This paper examines the impact of nontraditional learning modes, such as online education, on high school graduation and dropout rates during the 2020-2021 Covid-19 school year. Using school-level data from the Illinois Report Card for 2012-2021, a difference-in-differences framework is used to estimate the average treatment effect of two groups: schools that used virtual learning modes for only part of the year and those that used it for nearly the entire year. The study reveals that virtual learning had a negligible effect on four-year graduation rates. However, schools that used virtual learning for only part of the year witnessed a …

How Do Right-To-Work (Rtw) Laws Impact Workplace Safety?, Ryan D. Dodds

Economics Honors Projects

Ryan Dodds

How do right-to-work (RTW) laws impact workplace safety?

RTW laws allow employees covered by a union who are not union members to choose not to pay union dues. These laws weaken unions and decrease unionization. This study explores the impact of right-to-work (RTW) laws on workplace safety using a two-way fixed effects and a difference-in-differences approach, focusing on the five right-to-work laws passed by states in the 2010s.

For my two-way fixed effects analysis, I construct a panel dataset from 2007-2019 using yearly state-level data from BLS for all 50 states with available data. My outcome variables are …

Collateralizing Ideas: Intangibles In The Credit Market, Paige Stevenson

Economics Honors Projects

Intangible capital comprises an increasing share of total capital assets, and its non-physical nature makes it more difficult to evaluate and secure as collateral for loans. I extend the model of intangible capital presented in McGrattan and Prescott (2010) to include a collateralized credit market in which firms can obtain debt proportional to their capital assets. I consider different cases for the relative collateral value of intangibles under a credit constraint subject to exogenous shocks. For greater collateralizability of intangible assets, the model predicts a stronger negative relationship between intangible investment and credit availability and more stable interest rates. However, …