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Articles 1 - 18 of 18
Full-Text Articles in Social and Behavioral Sciences
Top Of The Order: Modeling The Optimal Locations Of Minor League Baseball Teams, W. Coleman Conley
Top Of The Order: Modeling The Optimal Locations Of Minor League Baseball Teams, W. Coleman Conley
Undergraduate Economic Review
Over the last twenty-five years, minor league baseball franchises have defined firm mobility. Revisiting the work of Michael C. Davis (2006), I construct a logistic regression model to predict which cities house minor league baseball teams. Six variables are tested for inclusion in the model, including population, income level, the number of major-league professional sports teams in a city, five-year population change, and distance from the closest professional team. Based on the model's predicted probabilities, cities are ranked in order of highest probability of having a team at each of the different levels from Class A to Class AAA.
A Closer Look At The Impact Of Quantitative Easing On The Capital Markets: Garch Analysis Of The Exchange Traded Funds Market, Nicholas R. Duafala
A Closer Look At The Impact Of Quantitative Easing On The Capital Markets: Garch Analysis Of The Exchange Traded Funds Market, Nicholas R. Duafala
Undergraduate Economic Review
This paper analyzes the effects of quantitative easing (QE) on the capital markets by modeling exchange traded funds (ETFs) returns using a generalized autoregressive conditional heteroskedasticity (GARCH) methodology. The results show that the 10-Year Treasury yields are significant in the returns of some sectors of the economy more so than others, and the Federal Funds Futures trading volume is significant in all ETFs return volatility. The implications of these results not only provide information about the reaction of the ETF market and QE, but also provide insight for developing investment strategies.
Examining The Afqt As A Proxy For Human Capital, Jaret L. Kanarek
Examining The Afqt As A Proxy For Human Capital, Jaret L. Kanarek
Undergraduate Economic Review
I examine whether the Armed Forces Qualifications Test (AFQT) is a suitable proxy for human capital skills by testing the hypothesis that those factors most germane to human capital skills acquisition will most affect AFQT score. Using data from the National Longitudinal Survey of the Youth and OLS regression analysis, I find that strict and loose human capital factors are robust determinants of AFQT score, and thus the AFQT is a suitable proxy for human capital skills. However, its use as such requires specification that the AFQT is not a catchall for human capital factors, as it is significantly related …
Should You Do A Doctorate? The Changing Returns To Postgraduate Qualifications, Sven Hoeling, Lewis Gudgeon, Felix Hagemeister
Should You Do A Doctorate? The Changing Returns To Postgraduate Qualifications, Sven Hoeling, Lewis Gudgeon, Felix Hagemeister
Undergraduate Economic Review
Higher education in the UK has experienced radical change over the last two decades. The change has been driven by a number of factors, not least New Labour’s policy to send 50% of school leavers to university. The increased supply of graduates has weakened a first degree’s ability to function as a signal to employers, resulting in many individuals pursuing postgraduate study to make themselves more competitive. This paper aims to show the changing returns to Bachelor, Master and Doctoral degrees for the period 1997 to 2013 and recognises the increasing importance of Ph.D. graduates in the upcoming years.
Reducing The Geographic Variance In Medical Expenditures: The Benefits Of A Primary-Care-Oriented Health System, Noah Bricker
Reducing The Geographic Variance In Medical Expenditures: The Benefits Of A Primary-Care-Oriented Health System, Noah Bricker
Undergraduate Economic Review
The Affordable Care Act states that a primary goal of health care reform should be to lower costs and promote fiscal responsibility. With these two goals in mind, the bill proposes a more primary-care-oriented health system by enacting a 5-year temporary Medicare fee increase for primary care physicians as a means to increase the number of physicians and incentivize more primary care services. Using county and regional level Medicare data, this paper finds that an increase in the number of primary care physicians per capita would reduce per beneficiary Medicare spending and as a consequence, lower national health expenditures substantially.
An Economic Analysis Of Housing Market Instability And Affordability In China, You Wang
An Economic Analysis Of Housing Market Instability And Affordability In China, You Wang
Undergraduate Economic Review
Applying an intertemporal optimization model proposed by Aizenman and Marion (1991), this research quantifies instability in the Chinese housing market. Although the Chinese government established numerous real estate policies to ensure the stability of the housing market, the regression analyses indicate that housing policies had no significant impact on the stabilization of the Chinese housing market. Alternatively, macroeconomic factors are identified as significant explanatory variables to the instability of housing prices. In addition, this research computes the median multiple for major cities in China and provides an alternative means of investigating the abnormal housing price situation in China.
The Unseen Cost Of Lowering Labor Market Flexibility On Higher Education Market: Evidence From Cross-Sectional Data From Oecd, Hansol Kim
Undergraduate Economic Review
This paper attempts to determine the unseen consequences of lowering labor market flexibility and its impact on individuals’ demand for higher education by using standard OLS multiple regression analysis and cross-sectional data. I examine the independent variables that are theorized to increase the percentage of college diplomas attained in the market. Independent variables are chosen based on what has been studied in the prior literature. This study finds that labor market flexibility has a positive correlation with the percentage of adult population who have a higher education diploma. The results of this study suggest that individuals’ demand for higher education …
Corruption, Income Inequality, And Subsequent Economic Growth, Josh Matti
Corruption, Income Inequality, And Subsequent Economic Growth, Josh Matti
Undergraduate Economic Review
This paper attempts to untangle the link between corruption and income inequality with subsequent economic growth. It uses standard OLS multiple regression analysis and data from 134 countries over a ten year time frame to test the hypothesis that after controlling for corruption, income inequality will be less significant in explaining subsequent growth rates. Perhaps it is not income equality that fosters economic growth, but rather a decrease in corruption that causes both economic growth and greater equality. This study yields some expected findings in support of well-established variables and concludes that inequality harms growth even after controlling for corruption.
A Backward Bending Supply Of Loanable Funds: An Examination Of The Interest Rate Elasticity Of Saving, Rachel M. Doehr Ms.
A Backward Bending Supply Of Loanable Funds: An Examination Of The Interest Rate Elasticity Of Saving, Rachel M. Doehr Ms.
Undergraduate Economic Review
The market for loanable funds is presented as either a market with an upward sloping supply curve, or as one with a perfectly inelastic supply. This paper relates the supply of loanable funds to the supply curve in the labor market: backward bending. Once interest rates are high enough, people start to save less, creating the "backward bend.” This explains the discrepancies in previous literature that attempted to put a single value on the interest rate elasticity saving. The reason for the variation in values could be because the elasticity actually depends on the point on the curve.
Will The U.S. Velocity Of Money Step Up Again? New Evidence From The Random Walk Hypothesis, Anh Thu Tran Xuan
Will The U.S. Velocity Of Money Step Up Again? New Evidence From The Random Walk Hypothesis, Anh Thu Tran Xuan
Undergraduate Economic Review
The recent decrease in U.S. money velocity raises debates about its unit root behavior. This paper revisited the random walk hypothesis (RWH) of the U.S. money velocity in 1960-2010 and two sub-periods 1960-85 and 1986-2010 by applying the Variance Ratio methodologies, including new nonparametric tests by Wright (2000) and Belaire-Franch and Contreras (2004). The results suggested that the velocity would likely increase, and the U.S. monetary policy will soon stimulate GDP and employment. Furthermore, past velocity is important to predict the future outcomes, and changes in financial structural could alter the empirical characteristics of the velocity series.
The Spanish Export Led Recovery, David Wagner
The Spanish Export Led Recovery, David Wagner
Undergraduate Economic Review
I researched the export-led recovery currently taking place in Spain. My thesis revolved around Mariano Rajoy and the Popular Party coming into power in 2011 and instituting reforms in three distinct categories; financial market reforms, fiscal measures, and labor market reforms. These reforms have had a significant impact in restoring credibility in Spain's capital markets and decreasing unit labor costs. In turn, Spain has shown impressive export growth in the past two years, especially compared to its neighbors Italy and France.
Can Human Capital Explain The Difference In Private Health Insurance Coverage Rates Between Natives And Immigrants?, Benjamin S. White
Can Human Capital Explain The Difference In Private Health Insurance Coverage Rates Between Natives And Immigrants?, Benjamin S. White
Undergraduate Economic Review
This paper investigates how human capital variables, especially educational attainment and health disability, affect an immigrant’s probability to have private health insurance. Specifically, is there a convergence to natives’ coverage rates for immigrants as human capital is controlled for? Two probit regressions are used to answer this question, one to analyze the employer provided health insurance market and another to analyze privately purchased health insurance market. The principle finding is that human capital variables are important in determining access to private health insurance. However, a health insurance coverage differential does remain between immigrants and natives.
Impact Of The Bakken Oil Boom On Employment And Wages In North Dakota, Cody M. Brandt
Impact Of The Bakken Oil Boom On Employment And Wages In North Dakota, Cody M. Brandt
Undergraduate Economic Review
A difference-in-difference methodology is used to examine the impact of the 2008 oil boom on employment and wages in North Dakota. Finding show an 8.68 percent increase in employment and 4.85 percent increase in wages in counties producing Bakken oil relative to the rest of North Dakota. In addition, a modified Difference- in-Difference is used to examine the rate of growth in employment and wages. Results show a 0.271 percent increase in quarterly job growth in Bakken oil producing counties relative to the rest of North Dakota. No significant impact is observed in the growth of wages.
Employment Protection And Income Inequality: Is There A Role For The Informal Sector?, Eleni Gkinni, Eleni Vasilaki
Employment Protection And Income Inequality: Is There A Role For The Informal Sector?, Eleni Gkinni, Eleni Vasilaki
Undergraduate Economic Review
This paper seeks to examine the effect of employment protection on income inequality. By employing the employment protection data developed by Botero et al. (2004) as well as well established measures of economic inequality for a sample of 83 countries, our analysis suggests that increased employment protection is negatively associated with income inequality. This relationship remains highly robust across several different specifications and estimation methods. In addition, our analysis places the spotlight on the role of the informal economy and investigates how the presence of informal sector may affect the above mentioned relationship. Our results suggest that in the presence …
Evaluating Conformity And Reciprocity In University Alumni Donation, Guanyi Yang
Evaluating Conformity And Reciprocity In University Alumni Donation, Guanyi Yang
Undergraduate Economic Review
Alumni donation has a significant impact on the function of liberal arts institutions across the U.S. Specific factors relating to alumni donation behavior have been identified in previous research; however few studies systematically utilize existing theories of motivation for voluntary contributions to evaluate the effectiveness of alumni donation factors. This research classifies specific factors into reciprocity and conformity and surveys Ohio Wesleyan University (OWU) alumni about donation attitudes. The logistic regression model and the linear regression model complement each other and provide support for the hypothesis that the more one subjects to conformity, the more likely one tends to donate …
Youth Aptitude As A Predictor Of Adulthood Income, Jaret Kanarek
Youth Aptitude As A Predictor Of Adulthood Income, Jaret Kanarek
Undergraduate Economic Review
I examine the relationship between youth aptitude and adulthood income. Using the National Longitudinal Survey of the Youth 1979 cohort and OLS regression analysis, I test the hypothesis that a higher 1981 Armed Forces Qualifications Test (AFQT) score is directly related to a higher income in 2010, ceteris paribus. First, a single regression equation is run for educational attainment subgroups at the time of taking the AFQT. Second, a regression equation including total lifetime educational attainment, and one that excludes it, are run to examine potential co-linearity between AFQT score and educational attainment. The results show that AFQT is significant …
Contingent Valuation Methodology: Evaluation Of Benefits Of Improving Water Quality In The Lake Tai Region, Zongda Tu
Undergraduate Economic Review
Environmental economics is a relatively new field in the subject of economics. While the developing countries are growing and developing rapidly, the conflict between economic development and environmental preservation is becoming more and more irreconcilable. This methodology paper addresses the relationship between the water quality in the Lake Tai Region in China and economic benefits, and presents the contingent valuation methdology (CVM) to evaluate benefits.
The Effect Of Crossing The $100 Million Jackpot Threshold On Ticket Sales, Stanton Hudja
The Effect Of Crossing The $100 Million Jackpot Threshold On Ticket Sales, Stanton Hudja
Undergraduate Economic Review
There has been little research done on how consumers react to jackpots that first cross the $100 million threshold. Using two sets of time series data, I measure the effect on demand of being the first jackpot in a series of jackpots to cross the $100 million threshold. In both datasets, there is an additional increase in the growth of lottery ticket sales based solely on being the first jackpot to equal or surpass $100 million. These findings are not consistent with the principle of diminishing marginal utility and suggest a psychological significance of the number 100.