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Articles 1 - 30 of 25835
Full-Text Articles in Social and Behavioral Sciences
Bubbly Booms And Welfare, Feng Dong, Yang Jiao, Haoning Sun
Bubbly Booms And Welfare, Feng Dong, Yang Jiao, Haoning Sun
Research Collection School Of Economics
We show the competing effects of a housing bubble on the real economy by developing a multi-sector dynamic model with housing production. On the one hand, firms can sell or collateralize their housing, so a housing bubble helps firms obtain credit to finance their investment and expand production. On the other hand, a boom in the housing sector crowds out labor in the non-housing sector. We show that housing booms can reduce social welfare both in the steady state and in the transitional dynamics only when the production externalities in the non-housing sector are sufficiently large. We quantitatively evaluate our …
Cross-Exchange Crypto Risk: A High-Frequency Dynamic Network Perspective, Yifu Wang, Wanbo Lu, Min-Bin Liu, Rui Ren, Wolfgang Karl Hardle
Cross-Exchange Crypto Risk: A High-Frequency Dynamic Network Perspective, Yifu Wang, Wanbo Lu, Min-Bin Liu, Rui Ren, Wolfgang Karl Hardle
Sim Kee Boon Institute for Financial Economics
Cross-exchange crypto trading presents inherent risks, particularly for centralized exchanges. Investors observe exacerbating crypto volatility and counterparty risk and would like to quantify these elements of crypto trades. The multiple exchanges require a multivariate view on the structures of risk spillover across exchanges. Here, a Multivariate Heterogeneous AutoRegression (MHAR) model is designed and analyzed, accommodating the stylized facts of crypto markets, including 24/7 trading and the long-memory effect on return variations. The proposed MHAR approach clearly reveals the intensity of interconnectedness among exchanges during extreme events, e.g., the Bitcoin market. Additionally, one observes extremely volatile eigenvector centralities of Futures Exchange …
Income Differences Among Nations: Measuring The Effects Of Human Capital On Total Factor Productivity (Tfp), Ashley Tarrolly
Income Differences Among Nations: Measuring The Effects Of Human Capital On Total Factor Productivity (Tfp), Ashley Tarrolly
CSB/SJU Distinguished Thesis
In the past two centuries, long-term economic growth has been defined by The Great Divergence, where the gap of income distribution has widened as a result of some nations experiencing modern economic growth while others have remained stagnant in their economic well-being. This panel data research examines differences in income across countries by applying development accounting to analyze differences in per capita gross domestic product (GDP) and predict each country’s total factor productivity (TFP). Data from the Penn World Tables were collected and categorized into groups based on GDP per capita to create a sample of 144 countries in 10-year …
Allocating Vehicle Registration Permits, Massimiliano Landi, Domenico Menicucci
Allocating Vehicle Registration Permits, Massimiliano Landi, Domenico Menicucci
Research Collection School Of Economics
We compare social welfare, consumer surplus and profits in two different institutional settings in which an item whose quantity is fixed and controlled (vehicle registration permit) is allocated to the buyers of a complementary good (car). In the first setting, which resembles the way in which vehicle registration permits are allocated in Singapore, the central planner runs a uniform price auction for permits in which the consumers who bid the highest receive the permits and pay the highest losing bid. Then each winning consumer purchases a car from a seller. In the alternative setting, the central planner first allocates the …
The Effect Of Crime On Mental Health In South Africa, Magda Tsaneva, Lauren-Kate Laplante
The Effect Of Crime On Mental Health In South Africa, Magda Tsaneva, Lauren-Kate Laplante
Economics
This paper examines the impact of district-level crime rates in South Africa on individual depression symptoms. We use panel data from the National Income Dynamics Survey collected between 2008 and 2014 and estimate an individual fixed effects regression model, thus controlling for characteristics of the individual's environment that could affect crime and mental health. We find that an increase of one standard deviation in property (violent) crime is associated with a 7.2 (8.7) percentage point increase in the probability of depression symptoms. Analysis of potential mechanisms suggests that indirect exposure to crime likely affects mental health by increasing stress rather …
Covid-19'S Consequences In Day-To-Day Life, Christian Mclain, Perla Guadalupe Vega
Covid-19'S Consequences In Day-To-Day Life, Christian Mclain, Perla Guadalupe Vega
ENGL 1102 Showcase
This anthology discusses the consequences that the Covid-19 left. These drastic changes are still visible 4 years later, in two important sectors of Georgia's economy: the Work force and the housing market. These 2 sectors collide and merge with our daily life since they take up most of our time. Homes took on the roles of offices and schools as employees and students were forced to stay home due to the pandemic. Before and after Covid 19, everything changed from the criteria of buyers in the housing market, the inventory, the reasons why it is short, in addition to the …
Cooperation In Temporary Partnerships, Gabriele Camera, Alessandro Gioffré
Cooperation In Temporary Partnerships, Gabriele Camera, Alessandro Gioffré
ESI Working Papers
The literature on cooperation in infinitely repeated Prisoner’s Dilemmas covers the extreme opposites of the matching spectrum: partners, a player’s opponent never changes, and strangers, a player’s opponent randomly changes in every period. Here, we extend the analysis to settings where the opponent changes, but not in every period. In these temporary partnerships, players can deter some deviations by directly sanctioning their partner. Hence, relaxing the extreme assumption of one-period matchings can support some cooperation also off equilibrium because a class of strategies emerges that are less extreme than the typical “grim” strategy. We establish conditions supporting full …
An Examination Of The Determinants Of Annual Giving To Csb And Sju: 1990 - 2023, Benchy Dutreuil, Muhammad Ibragimov
An Examination Of The Determinants Of Annual Giving To Csb And Sju: 1990 - 2023, Benchy Dutreuil, Muhammad Ibragimov
Celebrating Scholarship and Creativity Day (2018-)
Based on the data gained from stages 1 and 2, we have concluded that the number of donors of CSB+SJU has declined over time after its peak in 2007, unlike the amount of donations that has been changing a lot but has a positive growing trend in general. We also discovered a significant growth in giving among the top 50% of donors after the year 2008, while the other 2 groups stayed relatively the same with a small positive trend. Additionally, we found a strong correlation between the macroeconomic factors and the patterns the real donations represent. Finally, our linear …
Unveiling The Power Of Tourism Research: Navigating Insights From Montana For 2024 And Beyond, Melissa Weddell, Kara Grau, Matthew Pettigrew
Unveiling The Power Of Tourism Research: Navigating Insights From Montana For 2024 And Beyond, Melissa Weddell, Kara Grau, Matthew Pettigrew
Institute for Tourism and Recreation Research Publications
ITRR presentation from the 2024 Governor's Conference on Tourism
Making College Worth It: Inequalities In Higher Education And How To Solve Them, Katharine Meyer
Making College Worth It: Inequalities In Higher Education And How To Solve Them, Katharine Meyer
Brookings Scholar Lecture Series
Most students who graduate from college go on to earn higher wages, have more employment stability, and enjoy better health. While posted tuitions are high, a “high price, high aid” approach to college pricing means that the average cost of college has actually declined in recent years. Yet, public confidence in higher education is at an all-time low. What explains this tension? Who gains from going to college and who does not? What can colleges do to change perceptions about the value of a college education? This lecture by Brookings Institution scholar Katharine Meyer highlights trends in college enrollment and …
Apprenticeships In The Mountain West, Fy2023, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.
Apprenticeships In The Mountain West, Fy2023, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.
Economic Development & Workforce
This fact sheet examines data on apprenticeships for the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah. The original dataset from the U.S. Department of Labor includes data on all 50 states as well as U.S. territories. This fact sheet examines the number of apprenticeships, the average and median hourly wages, the education level of those in apprenticeships, the union status, and the industries that support apprenticeships in each Mountain West state.
Who Helps Tsimane Children And Adults?, Eric Schniter, Daniel K. Cummings, Paul L. Hooper, Maguin Gutierrez Cayuba, Jonathan Stieglitz, Benjamin C. Trumble, Hillard S. Kaplan, Michael D. Gurven
Who Helps Tsimane Children And Adults?, Eric Schniter, Daniel K. Cummings, Paul L. Hooper, Maguin Gutierrez Cayuba, Jonathan Stieglitz, Benjamin C. Trumble, Hillard S. Kaplan, Michael D. Gurven
ESI Working Papers
We consider several forms of helping behavior among Tsimane Amerindians of Bolivia, including provision of shelter, childcare, food, sickcare, loans, advice, and cultural influence. While kin selection theory is traditionally invoked to explain nepotistic nurturing of youngsters by closely related kin, much less attention has been given to understanding the help provided to children and adults by individuals without close genetic relatedness. To explain who provides the various forms of help that we consider, we evaluate support for several predictions derived from kin selection theory: that helpers are most often closely related and from an older generation, provide more help …
How Covid-19 Changed Us: Compassion, Leadership, And Policy, The Lincy Institute
How Covid-19 Changed Us: Compassion, Leadership, And Policy, The Lincy Institute
Lincy Institute Events
Nevada was one of the hardest hit states during the COVID-19 pandemic. Over the past three years, researchers at The Lincy Institute and other institutions collected interviews from 80 Nevada leaders across sectors including elected officials, leaders in education, community organizations, government agencies, and the business community. Four years after the onset of the COVID-19 pandemic, our communities continue to build a resilient and healthy Nevada. This forum discusses how the crisis prompted us to rethink how we lead and how we can prepare for future challenges. Following a presentation of the project and its deliverables, leaders across sectors discuss …
The Montana Travel Industry - 2023 Summary, Melissa Weddell
The Montana Travel Industry - 2023 Summary, Melissa Weddell
Institute for Tourism and Recreation Research Publications
2023 summary infographic of the Montana travel and recreation industry.
Equality In Times Of Uncertainty: Economic Downturn And Body Image Messaging Toward Women, Ritsa Giannakas
Equality In Times Of Uncertainty: Economic Downturn And Body Image Messaging Toward Women, Ritsa Giannakas
Honors Theses
A vast body of literature indicates that the economy and the status of women are interlinked, with higher levels of economic well-being tending to correspond with advancements in women’s rights. However, little of this research has investigated the changes in the wellbeing of women as it pertains to their physical and mental health, especially as it pertains to exploring the impacts of economics on eating disorder rates and societal messaging toward women. This thesis investigates a novel theory linking economic uncertainty and downturn to the spread of pro-eating disorder content online, positing that economic uncertainty may coincide with a “conservative …
How Major Tech Firms Used Illegal “No-Poach” Agreements To Control Workers’ Salaries, Matthew Gibson
How Major Tech Firms Used Illegal “No-Poach” Agreements To Control Workers’ Salaries, Matthew Gibson
Upjohn Institute Policy and Research Briefs
No abstract provided.
Montana Residents' Attitudes Towards Tourism - 2023, Carter Bermingham, Megan Schultz, Matthew Pettigrew
Montana Residents' Attitudes Towards Tourism - 2023, Carter Bermingham, Megan Schultz, Matthew Pettigrew
Institute for Tourism and Recreation Research Publications
A summary of Montana residents' attitudes towards tourism from the 2023 season. Overall, results from this study show that Montana residents hold a generally positive attitude towards tourism in the state. Residents are aware of the economic benefit that tourism provides to their communities, and agree that the overall benefits outweigh the negative impacts. Perceptions of crowding at the statewide and community level appear to be easing from previous years.
(Wp 2024-02) Stratification Economics: Historical Origins And Theoretical Foundations, John B. Davis
(Wp 2024-02) Stratification Economics: Historical Origins And Theoretical Foundations, John B. Davis
Economics Working Papers
Stratification economics (SE) investigates how economies are organized around group inequalities, especially by race and gender but also by ethnicity, national origin, religion, sexual orientation, etc. Its historical origins and theoretical foundations have both a structural strand that addresses how and a social behavioral strand. SE's structural strand goes back to Ricardo and Marx regarding the relationship between growth and distribution, and then draws on recent economic theory of noncompeting groups and dual economy models of labor market segmentation. SE's structural strand produces an inequality-based understanding of economics' standard goods taxonomy. The social behavioral strand builds on Du Bois's psychological …
How Higher Education Responds To Labor Market Demand, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
How Higher Education Responds To Labor Market Demand, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
Upjohn Institute Policy and Research Briefs
No abstract provided.
Health And Healthcare: Designing For The Social Determinants Of Health And Blue Zones In North Nashville, Rebecca Tonguis, Honor Thomas, Olivia Hobbs
Health And Healthcare: Designing For The Social Determinants Of Health And Blue Zones In North Nashville, Rebecca Tonguis, Honor Thomas, Olivia Hobbs
Belmont University Research Symposium (BURS)
Owned by North Nashville’s First Community Church, a now empty site in the Osage-North Fisk neighborhood of North Nashville has been identified as a potential site for a new location of The Store, in addition to a community-centric architectural development based on the social determinants of health and informed by the principles behind Blue Zones, the locations with the highest lifespans in the world. Opened by Brad Paisley and Kimberly Williams-Paisley, The Store is a free grocery store that “allow[s] people to shop for their basic needs in a way that protects dignity and fosters hope”, for which North Nashville …
2023 Estimates - Nonresident Visitation, Expenditures, And Economic Contribution, Kara Grau
2023 Estimates - Nonresident Visitation, Expenditures, And Economic Contribution, Kara Grau
Institute for Tourism and Recreation Research Publications
This report is a collection of estimates of 2023 nonresident visitation to Montana, expenditures by nonresident travelers in the state, and the contribution to Montana's economy of that traveler spending. Included are estimates by full year, quarter, trip purposed, and other visitor segments.
Factsheet: Examining The Equity Of Vocational Rehabilitation Services For Rural Americans, Catherine Ispen, Will Hoard, Rtc: Rural
Factsheet: Examining The Equity Of Vocational Rehabilitation Services For Rural Americans, Catherine Ispen, Will Hoard, Rtc: Rural
Employment
Vocational Rehabilitation (VR) programs are funded by the Rehabilitation Services Administration (RSA) to assist individuals with disabilities to obtain, advance, or retain employment. Employment is a valuable outcome because it can increase economic independence and community participation. To achieve employment, VR programs offer a range of services such as assessment, counseling, training, and job placement. We conducted two studies using RSA-911 case-services data to better understand
how VR agencies are serving diverse populations. RSA-911 data includes information about each consumer who enters the VR program, including sociodemographic characteristics and VR services received. In our first study, we used RSA-911 data …
Green Transition And Financial Stability: The Role Of Green Monetary And Macroprudential Policies And Vouchers, Ying Tung Chan, Maria Teresa Punzi, Hong Zhao
Green Transition And Financial Stability: The Role Of Green Monetary And Macroprudential Policies And Vouchers, Ying Tung Chan, Maria Teresa Punzi, Hong Zhao
Sim Kee Boon Institute for Financial Economics
This paper analyzes a mix of alternative policies in supporting the green transition and the phase-out of fossil fuels, without compromising financial stability. An environmental dynamic stochastic general equilibrium (E-DSGE) model with two sectors (green and brown) and endogenous default is developed to assess potential climate-induced financial stability threats that can be mainly generated through physical and transition risks mechanism. Those risks are evaluated through a compound capital depreciation shock and a carbon tax shock. The paper offers several findings. First of all, a too stringent carbon tax would increase the medium-term default rate in both sectors, harming financial stability …
Wild Bootstrap Inference For Instrumental Variables Regressions With Weak And Few Clusters, Wenjie Wang, Yichong Zhang
Wild Bootstrap Inference For Instrumental Variables Regressions With Weak And Few Clusters, Wenjie Wang, Yichong Zhang
Research Collection School Of Economics
We study the wild bootstrap inference for instrumental variable regressions under an alternative asymptotic framework that the number of independent clusters is fixed, the size of each cluster diverges to infinity, and the within cluster dependence is sufficiently weak. We first show that the wild bootstrap Wald test controls size asymptotically up to a small error as long as the parameters of endogenous variables are strongly identified in at least one of the clusters. Second, we establish the conditions for the bootstrap tests to have power against local alternatives. We further develop a wild bootstrap Anderson–Rubin test for the full-vector …
Housing Markets Since Shapley And Scarf, Mustafa Oguz Afacan, Gaoji Hu, Jiangtao Li
Housing Markets Since Shapley And Scarf, Mustafa Oguz Afacan, Gaoji Hu, Jiangtao Li
Research Collection School Of Economics
Shapley and Scarf (1974) appeared in the first issue of the Journal of Mathematical Economics, and is one of the journal’s most impactful publications. As we approach the remarkable milestone of the journal’s 50th anniversary (1974–2024), this article serves as a commemorative exploration of Shapley and Scarf (1974) and the extensive body of literature that follows it.
Skills, Majors, And Jobs: Does Higher Education Respond?, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
Skills, Majors, And Jobs: Does Higher Education Respond?, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
Upjohn Institute Working Papers
How does postsecondary human capital investment respond to changes in labor market skill demand? We quantify the magnitude and nature of this response in the U.S. 4-year sector. To do so, we develop a new measure of institution-major-specific labor demand, and corresponding shift-share instrument, that combines job ads with alumni locations. We find that postsecondary human capital investments meaningfully respond. We estimate elasticities for degrees and credits centered around 1.3, generally increasing with time horizon. We provide evidence that both student demand and institutional supply-side constraints matter. Our findings illuminate the nature of educational production in higher education.
Borderplex Business Barometer, Volume 8, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Zifeng Feng
Borderplex Business Barometer, Volume 8, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Zifeng Feng
Border Region Modeling Project
No abstract provided.
The National-Level Economic Impact Of The Manufacturing Extension Partnership (Mep): Estimates For Fiscal Year 2023, Brian Pittelko, Iryna V. Lendel, Sevrin Williams, Gunnar Ingle, Sasha Kolomensky, Kyle Crane
The National-Level Economic Impact Of The Manufacturing Extension Partnership (Mep): Estimates For Fiscal Year 2023, Brian Pittelko, Iryna V. Lendel, Sevrin Williams, Gunnar Ingle, Sasha Kolomensky, Kyle Crane
Reports
No abstract provided.
The Safety Net Should Work For Working Age Adults, Lauren Bauer
The Safety Net Should Work For Working Age Adults, Lauren Bauer
Brookings Scholar Lecture Series
This lecture focuses attention on a population that is ill-served by the safety net but rarely acknowledged: low-income, working-age adults without dependents or government-determined disabilities. In this lecture, Brookings Scholar Lauren Bauer, a former Special Assistant in the Office of the Secretary at the US Department of Education, argues that a safety net that is inaccessible to ABAWDs (able-bodied adults without dependents) fails to recognize the precarious state of the low-wage labor market or how safety-net programs allow these workers to remain in the workforce. By modernizing the parameters of who qualifies for access to safety-net programs, assistance can be …
Payments As A Tool For Policy, Aaron Klein
Payments As A Tool For Policy, Aaron Klein
Brookings Scholar Lecture Series
What are the implications of using payment systems to enforce foreign policy (against Russia, Iran, Cuba, etc...) and domestic policy (on-line poker, cannabis, etc..)? What are the long-term ramifications for the United States, with its dominant status as a global financial system and home to the world reserve currency, using payment systems to achieve its political objectives? In this lecture, Brookings Institution scholar and former deputy assistant secretary for economic policy at the Department of Treasury, Aaron Klein discusses the pros, cons, and intended and unintended consequences of our current system. He proposes a path forward to maximize economic growth …