Social and Behavioral Sciences Commons^™

The Impact Of Hurricane Matthew On School Attendance: An Analysis From Rural Haiti, Amanda C. Cook, Donovan Beachy

Economics Faculty Publications

This study identifies the impact of Hurricane Matthew on school attendance in an agricultural community in rural Haiti. We conducted a survey of parents whose children attended a rural school prior to Hurricane Matthew to determine the mechanism by which hurricanes impact school attendance. We determined the marginal effect of family size and school enrollment using a probit model. Parents identified two primary causes for their children leaving school: a loss of income—through crop damage and livestock deaths—and requiring the children’s labor on the family farm. In our sample 96 children, 46% of the children enrolled in school, stopped attending …

A Short Note On Longevity, Lewis Karstensson

Economics Faculty Publications

Certainly man will not become immortal, but will not the interval between the first breath that he draws and the time when in the natural course of events, without disease or accident, he expires, increase indefinitely?

Marquis de Condorcet Sketch for a Historical Picture Of the Human Mind (1795)

Modeling Us Historical Time-Series Prices And Inflation Using Alternative Long-Memory Approaches, Giorgio Canarella, Luis A. Gil-Alana, Rangan Gupta, Stephen M. Miller

Economics Faculty Publications

We consider two important features of the historical US price data (1774–2015), namely the data’s persistence and cyclical structure. We first consider the persistence of the series and focus on standard long-memory models that incorporate a peak at the zero frequency. We examine different models with respect to the deterministic terms, including nonlinear deterministic trends of the Chebyshev form. Then, we investigate a more general model that includes both persistence and cyclicality of the series and, thus, includes two fractional integration parameters, one at the zero (long-run) frequency and the other at the nonzero (cyclical) frequency. We model the cyclical …

Honoring Veterans Means Funding Suicide Prevention, Brendan Cushing-Daniels, Christopher R. Fee

Economics Faculty Publications

Many Americans may not know that it was Dwight D. Eisenhower who in 1954 issued the official proclamation celebrating the service of all veterans by designating Nov. 11, formerly known as Armistice Day, in honor of our vets. Eisenhower, of course, was supreme commander of Allied Forces in Europe during World War II and commander in chief as the 34th president of the United States.

In Ike’s words, “on that day let us solemnly remember the sacrifices of all those who fought so valiantly, on the seas, in the air, and on foreign shores, to preserve our heritage of freedom, …

The Exporting And Subcontracting Decisions Of Viet Nam's Small- And Medium-Sized Enterprises, Catherine Y. Co, Thu Kim Nguyen, Tung Nhu Nguyen, Que Nguyet Tran

Economics Faculty Publications

The exporting and subcontracting decisions of a panel of Vietnamese private small- and medium-sized enterprises is investigated. We find that among subcontractors, subcontracting is a supplementary rather than primary activity; the propensity to export increases with managers' or owners' knowledge of customs law; and, there is some evidence that subcontractors are more likely to have made product improvements while exporters are more likely to have adopted new processes or technologies. Our study provides useful insights into SME exporting and subcontracting strategies made more relevant by the expected reductions in trade costs associated with the World Trade Organization's Trade Facilitation …

Adjusting For Guessing And Applying A Statistical Test To The Disaggregation Of Value-Added Learning Scores, Ben O. Smith, Jamie Wagner

Economics Faculty Publications

In 2016, Walstad and Wagner developed a procedure to split pre-test and post-test responses into four learning types: positive, negative, retained, and zero learning. This disaggregation is not only useful in academic studies; but also provides valuable insight to the practitioner: an instructor would take different mitigating actions in response to zero versus negative learning. However, the original disaggregation is sensitive to student guessing. This article extends the original work by accounting for guessing and provides adjusted estimators using the existing disaggregated values. Further, Monte Carlo simulations of the adjusted learning type estimates are provided. Under certain assumptions, an instructor …

Can Maternity Benefits Have Long-Term Effects On Childbearing? Evidence From Soviet Russia, Olga Malkova

Economics Faculty Publications

This paper quantifies the effects of Russia’s 1981 expansion in maternity benefits on completed childbearing. The program provided one year of partially paid parental leave and a small cash transfer upon a child’s birth. I exploit the program’s two-stage implementation and find evidence that women had more children as a result of the program. Fertility rates rose immediately by 8.2% over twelve months. The increase in fertility rates not only persisted for the ten-year duration of the program, but it reflected large increases in higher-order births to older women who already had children before the program started.

Effects Of The Affordable Care Act On Health Care Access And Self-Assessed Health After 3 Years, Charles J. Courtemanche, James Marton, Benjamin Ukert, Aaron Yelowitz, Daniela Zapata

Economics Faculty Publications

Using data from the Behavioral Risk Factor Surveillance System, we examine the causal impact of the Affordable Care Act on health-related outcomes after 3 years. We estimate difference-in-difference-in-differences models that exploit variation in treatment intensity from 2 sources: (1) local area prereform uninsured rates from 2013 and (2) state participation in the Medicaid expansion. Including the third postreform year leads to 2 important insights. First, gains in health insurance coverage and access to care from the policy continued to increase in the third year. Second, an improvement in the probability of reporting excellent health emerged in the third year, with …

Employment-Based Health Insurance And Aggregate Labor Supply, Zhigang Feng, Kai Zhao

Economics Faculty Publications

We study the impact of the U.S. employment-based health insurance system on the employment rate, the shares of full-time/part-time workers, and aggregate hours worked in a general equilibrium life cycle model with incomplete markets and idiosyncratic risks in both income and medical expenses. In contrast to most Europeans, who get universal health insurance from the government, most working-age Americans get health insurance through their employers. We find that the employment-based health insurance system provides Americans with an extra incentive to work and work full-time. In a calibrated version of the model, we assess the extent to which the different health …

Estimating State-Industry Employment, With An Application To Industrial Localization, Andrew J. Cassey, Ben O. Smith

Economics Faculty Publications

We describe a method to construct an industry-by-state repeated cross-section of employment at the most disaggregated level publicly available, covering 1963–2012. Nondisclosed data are estimated with a procedure using the hierarchical information structure. To illustrate the usefulness of the procedure, the resulting estimated data are tested to determine if industrial localization of the processed food sector has changed over the last 50 years in the United States. Our findings suggest it has not changed systemically despite variation in levels of localization within industries.

The Effects O F Financial Education On Short-Term And Long-Term Financial Behaviors, Jamie Wagner, William B. Walstad

Economics Faculty Publications

This study investigates how financial education in high school, college, or in the workplace affects the short‐ and long‐term financial behaviors of adults using the 2015 National Financial Capability Study (NFCS) data. Financial education appears to have generally insignificant effects on short‐term behaviors for which there is regular feedback and penalties, and thus greater opportunity for learning by doing. If consumers do not pay off their credit card bill, they get a monthly statement showing interest charges and penalties. Financial education appears to have more positive and stronger effects on long‐term behaviors with less timely feedback, and for which the …

Congenital Chagas Disease In The United States: Cost Savings Through Maternal Screening, Eileen Stillwaggon, Victoria Perez-Zetune, Stephanie R. Bialek, Susan P. Montgomery

Economics Faculty Publications

Chagas disease, caused by Trypanosoma cruzi, is transmitted by insect vectors through transfusions, transplants, insect feces in food, and from mother to child during gestation. Congenital infection could perpetuate Chagas disease indefinitely, even in countries without vector transmission. An estimated 30% of infected persons will develop lifelong, potentially fatal, cardiac or digestive complications. Treatment of infants with benznidazole is highly efficacious in eliminating infection. This work evaluates the costs of maternal screening and infant testing and treatment of Chagas disease in the United States. We constructed a decision-analytic model to find the lower cost option, comparing costs of testing and …

Create Random Assignments: A Cloud-Based Tool To Help Implement Alternative Teaching Materials, Jadrian J. Wooten, Ben O. Smith

Economics Faculty Publications

Research has shown that learning is enhanced by variety (Bransford, Brown, and Cocking 2000; Halpern and Hakel 2003) such as popular press books, podcasts and videos. However, these mediums do not contain question banks and further, while learning management systems (LMS) can be used to generate random quizzes, they are not designed for long-form open-ended responses that might be answered over the course of a few days to weeks; open-ended questions are often ideal in upper-level undergraduate and MBA courses where there are less definitive correct answers. We solve these problems by developing software to generate assignments with randomized open-ended …

Partisan Conflict And Income Inequality In The United States: A Nonparametric Causality-In-Quantiles Approach, Mehmet Balcilar, Seyi Saint Akadiri, Rangan Gupta, Stephen M. Miller

Economics Faculty Publications

This paper examines the predictive power of a partisan conflict on income inequality. Our study contributes to the existing literature by using the newly introduced nonparametric causality-in-quantile testing approach to examine how political polarization in the United States affects several measures of income inequality and distribution overtime. The study uses annual time-series data between the periods 1917–2013. We find evidence in support of a dynamic causal relationship between partisan conflict and income inequality, except at the upper end of the quantiles. Our empirical findings suggest that a reduction in partisan conflict will lead to a reduction in our measures of …

The Day Of The Merchant, Lewis Karstensson

Economics Faculty Publications

An examination of economic thought in a “national order.” Considered, in particular, is the economic doctrine of the seventeenth century English merchant, Thomas Mun. Remnants of this doctrine in current economic thought are also examined.

Convergence In Income Inequality: Further Evidence From The Club Clustering Methodology Across States In The U.S., Nicholas Apergis, Christina Christou, Rangan Gupta, Stephen M. Miller

Economics Faculty Publications

This paper contributes to the sparse literature on inequality convergence by empirically testing convergence across states in the U.S. This sample period encompasses a series of different periods that the existing literature discusses -- the Great Depression (1929–1944), the Great Compression (1945–1979), the Great Divergence (1980-present), the Great Moderation (1982–2007), and the Great Recession (2007–2009). This paper implements the relatively new method of panel convergence testing, recommended by Phillips and Sul (2007). This method examines the club convergence hypothesis, which argues that certain countries, states, sectors, or regions belong to a club that moves from disequilibrium positions to their club-specific …

U. S. Fiscal Policy And Asset Prices: The Role Of Partisan Conflict, Rangan Gupta, Chi Keung Marco Lau, Stephen M. Miller, Mark E. Wohar

Economics Faculty Publications

Fiscal policy shocks exert wide-reaching effects, including movements in asset markets. US politics have been characterized historically by a high degree of partisan conflict. The combination of increasing polarization and divided government leads not only to significant Congressional gridlock, but also to spells of high fiscal policy uncertainty. This paper adds to the literature on the relationships between fiscal policy and asset prices in the US economy conditional on the degree of partisan conflict. We analyze whether a higher degree of partisan conflict (legislative gridlock) reduces the efficacy of the effect and response of fiscal policy on and to asset …

Multiplatform Software Tool To Disaggregate And Adjust Value-Added Learning Scores, Ben O. Smith

Economics Faculty Publications

In 2016, Walstad and Wagner released an article that suggested practitioners should disaggregate value-added learning scores into four categories: positive, negative, retained, and zero learning. Positive learning is said to occur when a student answers a question incorrectly on the pre-test and correctly on the post-test. Negative learning is said to occur when the student correctly answers the question on the pre-test but incorrectly on the post-test. Retained learning is said to occur when the student answers the question correctly on both exams and zero learning is said to occur when the student answers the question incorrectly on both exams. …

Compensation Negotiation And Corporate Governance: The Evidence From China, Xinjun Lyu, Christopher Decker, Jinlan Ni

Economics Faculty Publications

This paper examines CEO pay dispersion for the listed companies in China. We apply a two-tier stochastic frontier model to the CEO compensation framework where asymmetric information generates a surplus between the minimum wage that CEOs accept and the maximum payment that firms offer. This surplus leads to CEO pay dispersion coming from the negotiation power between the CEO and the firm. We generate the surplus extracted by each CEO-firm pair and analyze how corporate governance affects them. An empirical analysis finds that: (1) On average, CEOs are paid 23.26% more than the benchmark; (2) additionally, we examine the bargaining …

Understanding Hiv/Aids In The African Context, Eileen Stillwaggon, Larry Sawers

Economics Faculty Publications

This book of readings is intended for courses in Global Health. The editors asked Prof. Stillwaggon to contribute a chapter summarizing her years of work on the spread of HIV/AIDS in populations among whom bacterial, fungal, parasitic, and viral diseases are extremely common, particularly in sub-Saharan Africa. Her work has demonstrated that differences in behavior cannot explain differences in HIV rates between world regions.

The Day Of The Political Economist, Lewis Karstensson

Economics Faculty Publications

An examination of economic thought in the “natural order.” Primary consideration is given to the economic thought of Adam Smith, the foundation of classical political economy and much of current economic thought.

The Day Of The Friar, Lewis Karstensson

Economics Faculty Publications

An examination of economic thought in the “divine order” of Christendom. Considered, in particular, is the economic doctrine suggested in the theology of Saint Thomas Aquinas. Remnants of this doctrine in current economic thought are also examined.

The Relationship Between The Inflation Rate And Inequality Across U.S. States: A Semiparametric Approach, Mehmet Balcilar, Shinhye Chang, Rangan Gupta, Stephen M. Miller

Economics Faculty Publications

This paper uses a cross-state panel for the United States over the 1976–2007 period to assess the relationship between income inequality and the inflation rate. Employing a semiparametric instrument variable (IV) estimator, we find that the relationship depends on the level of the inflation rate. A positive relationship occurs only if the states exceed a threshold level of inflation rate. Below this value, inflation rate lowers income inequality. The results suggest that a nonlinear relationship exists between income inequality and the inflation rate. © 2018 Springer Science+Business Media B.V., part of Springer Nature

How Culture Affects Doing Business In The Global Economy, Mingming Pan, Ndem Tazifor, Benjamin Widner, Chrstina Medina, Carl Enomoto

Economics Faculty Publications

While several studies have examined the effects of culture on economic growth,
economic development, foreign direct investment, and the formation of joint ventures, few if any have analyzed the effects of culture on specific aspects of doing business such as starting a business, dealing with construction permits, registering property, obtaining credit, enforcing contracts, and resolving insolvency. Using different cultural variables, this study found that the emphasize individuals placed on religion, leisure time, family, the environment, nationality, prostitution, gender roles, power distance, individualism, and uncertainty avoidance, had significant effects on different business activities. Due to the complex nature of culture, however, …

Untangling The Health Impacts Of Mexico - U.S. Migration, David Ortmeyer, Michael A. Quinn

Economics Faculty Publications

Research has found that immigrant health has a tendency to decline with time spent in the United States. Using data from the Mexican Migration Project from 2007-2014, this paper is the first to test the impact of domestic and international migration on different types of health measures. Results find cumulative U.S. migration experience has a negative impact both on self-reported and objective health measures. By contrast, the number of trips to the United States and migrations made within Mexico impact individual’s self-assessment of their health but not objective health measures. The analyses suggest that differences in self-reported versus objective health …

The Role Of Teaching And Teacher Training In The Hiring And Promotion Of Ph.D. Economists, Sam Allgood, Gail Hoyt, Kimmarie Mcgoldrick

Economics Faculty Publications

Surveys suggest that a majority of graduate students seek academic positions after completing their degree. We survey groups involved in the job market to determine the roles of teaching and research in hiring and the subsequent success of new faculty. We find that while characteristics that signal research potential are highly valued by both graduate directors and department chairs, there are significant discrepancies in the extent that teaching is valued in the hiring process across institution types. Furthermore, although new faculty devote half of their time to teaching, only half of them agree that graduate school prepared them to teach.

Fiscal Forecasts At The Fomc: Evidence From The Greenbooks, Dean D. Croushore, Simon Van Norden

Economics Faculty Publications

This paper examines fiscal policy forecasts prepared for the Federal Open Market Committee and its influence on U.S. monetary policy. The forecasts contain useful information beyond that in the CBO’s forecasts. Fiscal forecast errors are only weakly correlated with forecast errors for inflation and output growth, but those for the budget surplus are highly correlated with those for the unemployment rate and the output gap. Some fiscal variables can also account for a significant fraction of the “exogenous” changes in the federal funds rate target that Romer and Romer (2004) studied, consistent with the board’s statements on the importance of …

Measuring Faculty Teaching Effectiveness Using Conditional Fixed Effects, Maia K. Linask, James Monks

Economics Faculty Publications

Using a dataset of 48 faculty members and 88 courses over 26 semesters, the authors estimate Student Evaluation of Teaching (SET) ratings that are conditional on a multitude of course, faculty, and student attributes. They find that ratings are lower for required courses and those where students report a lower prior level of interest. Controlling for these variables substantially alters the SET ratings for many instructors. The average absolute value of the difference between the faculty ratings controlling just for time effects and fully conditional ratings is nearly one-half of a standard deviation in the students’ rating of how much …

Teacher Training For Phd Students And New Faculty In Economics, Sam Allgood, Gail Hoyt, Kimmarie Mcgoldrick

Economics Faculty Publications

Past studies suggest that a majority of economics graduate students engage in teaching-related activities during graduate school and many go on to academic positions afterwards. However, not all graduate students are formally prepared to teach while in graduate school nor are they fully prepared to teach in their first academic position. The authors characterize current teaching experience and training of graduate students from the point of view of directors of graduate studies and of newly minted academic economists. The authors also query department chairs and new faculty about teacher training, support available for new faculty, and the degree to which …

The Gender Gap In Economics Degrees: An Investigation Of The Role Model And Quantitative Requirement Hypotheses, Tisha L. N. Emerson, Kimmarie Mcgoldrick, John J. Siegfried

Economics Faculty Publications

Using a panel of 159 institutions over 10 years, we investigate the role model effect of women faculty and quantitative requirements on the female proportion of undergraduate economics majors. We find no evidence that female faculty attract female students. Calculus, however, does matter. A one semester calculus requirement is associated with more female majors at institutions offering business degrees and liberal arts colleges. A second semester calculus requirement deters women from majoring in economics at Ph.D.–granting universities, but is associated with more female majors at liberal arts colleges. Econometrics requirements are unrelated to the gender gap in economics majors.