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Social and Behavioral Sciences Commons™
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- Binary endogenous regressor (1)
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Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
Mid-Season Coaching Changes In The Nba, Kenan Spruill, Adam Roberts, Joseph Price
Mid-Season Coaching Changes In The Nba, Kenan Spruill, Adam Roberts, Joseph Price
Journal of Undergraduate Research
“When the going gets tough, we fire the coach”, this quote from former coach and current ESPN analyst Jeff van Gundy represents part of the current trend in sports. Management fires the coach in the hope that the new one can lead the team to glory. Replacing coach’s midseason does not happen often, but when it does, it is the best choice for the team? We are attempting to see if there is a legitimate reason for firing a coach midseason. Considering the fact that changing coach’s mid-season requires the team to pay for both the old and new coaches’ …
Dynamic Multi-Industry Firm Computational Model, Donald Rex Mcarthur, Rick Evans
Dynamic Multi-Industry Firm Computational Model, Donald Rex Mcarthur, Rick Evans
Journal of Undergraduate Research
My ORCA Grant allowed me to spend my time building a Macroeconomic Tax Policy scoring model that was used in open source research with the Tax Policy Center. I used the money to fund my time coding and contributing to the project found on the github repository at https://github.com/OpenSourcePolicyCenter. My focus was especially in developing the tax analysis on the side of the firms in the model. Under the direction of Rick Evans, we made some progress in that development, but it soon became apparent that the needed work was more based around the heterogeneous agents, and their respective income …
Effective Modeling Of The Distribution Of Wealth, Justin Gardiner, Richard Evans
Effective Modeling Of The Distribution Of Wealth, Justin Gardiner, Richard Evans
Journal of Undergraduate Research
Many macroeconomic models have trouble matching the high end of the distribution of wealth in the economy. To correct this problem, we set out to build a model that includes individual agents experiencing stochastic changes to their income levels. These stochastic changes thus model real life risk and encourage precautionary saving. We built the theoretical framework for a large scale macroeconomic model in which individuals take into consideration the possible variability of their future income and alter their saving behaviors accordingly. We have made significant progress in creating a computer program that will allow us to calibrate our model to …
The Distribution Of Inheritances And Its Impact On Wealth Inequality, Parker Rogers, Richard Evans
The Distribution Of Inheritances And Its Impact On Wealth Inequality, Parker Rogers, Richard Evans
Journal of Undergraduate Research
The purpose of this project was to estimate a function that describes who are the recipients of inheritances among different age and income groups and to incorporate that function into a dynamic macroeconomic model to simulate the effects of inheritances on wealth inequality in the United States.
International Trade Simulation, Jeff Clawson, Kerk Phillips
International Trade Simulation, Jeff Clawson, Kerk Phillips
Journal of Undergraduate Research
For the past year, this project has involved taking a trade simulation model, recreating it in a modern programming language and making it freely available through the Open Source Policy Center (OSPC). The program takes real world population data provided by the user and then simulates trade between countries. Unlike the natural sciences, Economists cannot always study their subjects in a controlled environment. Models like this project allow us to get an idea of what would happen, for example, in trade between the US and EU if there were to be a change in China’s taxes. Our project is still …
Exact Nonparametric Inference For A Binary Endogenous Regressor, Joseph Cooprider, Brigham Frandsen
Exact Nonparametric Inference For A Binary Endogenous Regressor, Joseph Cooprider, Brigham Frandsen
Journal of Undergraduate Research
When there is endogeneity in an economic model, basic ordinary least squares regression analysis breaks down. Our assumptions for the model collapse so we cannot infer causality without bias in our estimations. Therefore, use of an instrumental variable is necessary. However, if instruments are weak, sample sizes are small, or assumptions about error terms are invalid, then our analysis is biased as well. We developed an exact, finite-sample approach to instrumental variables estimation and inference that remains valid for weak instruments, small samples, and other settings where large-sample approximations are poor. This approach imposed no parametric model for causal effects …
Overcoming Under-Reporting: Known Measurement Error, Adam Shumway, Dr. Joseph Price
Overcoming Under-Reporting: Known Measurement Error, Adam Shumway, Dr. Joseph Price
Journal of Undergraduate Research
This project evaluates the feasibility of overcoming measurement error by using predictors for participation. Several national surveys under-represent actual program participation; some actual participants in government welfare programs, for example, fail to truthfully report participation when asked. Using data from these surveys to evaluate these programs’ effectiveness is inherently problematic due to the bias caused by misclassification of these participants.
Integration Of Microsimulation Model Into Dynamic Scoring Model, Christ Rytting, Richard Evans
Integration Of Microsimulation Model Into Dynamic Scoring Model, Christ Rytting, Richard Evans
Journal of Undergraduate Research
We integrated individual tax rates produced by a microsimulation tax policy model with a dynamic general equilibrium tax policy model. We can use this to conduct macroeconomic analysis or score hypothetical tax policies. This approach captures the rich heterogeneity, realistic demographics, and tax-code nuance of the microsimulation model and includes this nuance to increase the accuracy of a general equilibrium model with an elevated level of heterogeneity. Furthermore, we derive a functional form which suggests that tax rates depend both on capital income and labor income. Applying this approach to a canonical example of tax policy change—a cut of 10% …
The Effect Of The Nsf Grant On Future Academic And Career Outcomes, Tanner Eastmond, Dr. Joseph Price
The Effect Of The Nsf Grant On Future Academic And Career Outcomes, Tanner Eastmond, Dr. Joseph Price
Journal of Undergraduate Research
The National Science Foundation (NSF) is an independent federal agency created by Congress in 1950 with the stated mission “to promote the progress of science; to advance the national health, prosperity, and welfare.” This institution supports scientific research in various scientific fields primarily by funding promising research and researchers. Our investigation focused on the NSF grant for prospective graduate students in the field of economics. Specifically, we examine those who won the award and those who received an ‘honorable mention’. The applicants who only received an ‘honorable mention’, have very similar qualifications to those who were offered the grant. The …