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Full-Text Articles in Social and Behavioral Sciences
A Closer Look At Immigrants' Wage Differential In The U.S.: Analysis Correcting The Sample Selection Problem, Mitsuki Fukuda
A Closer Look At Immigrants' Wage Differential In The U.S.: Analysis Correcting The Sample Selection Problem, Mitsuki Fukuda
Honors Theses
Due to the increasing flow of immigrants into the United States in recent years, numerous researchers have been examining the socioeconomic characteristics of immigrants including wage differential. However, the majority of such wage analysis raises a key issue of the sample selection problem. This problem occurs when one has a non-random sample by ignoring the decision process to be participants of the sample, and it has a potential danger of a biased and inconsistent estimation. In the view of this, it is important to estimate the decision factors of employment status – being a wage earner or self-employed – before …
An Economic Analysis Of Somali Piracy Deterrence Strategies Within The Context Of The Economic Theory Of Crime And Punishment, Ryan Castello
An Economic Analysis Of Somali Piracy Deterrence Strategies Within The Context Of The Economic Theory Of Crime And Punishment, Ryan Castello
Honors Theses
From 2006 to 2010, the number of reported piracy incidents perpetrated by Somali pirates, has increased from 19 to 212 per year, an alarming trend for the international shipping industry. This paper examines the increasing number of pirate attacks within the context of the theory developed in, Crime and Punishment: An Economic Approach (Becker, 1968). This paper demonstrates the supply of pirates is a function of probability of punishment, severity of penalty, as well as institutional factors. This research entails a theoretical discussion, and an analysis of the available data on Somali piracy. The theoretical discussion combines theory with current …