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Full-Text Articles in Economics

An Empirical Investigation On The Great Gatsby's Curve, Carlos Urrutia, Marina Mendes Tavares Jan 2106

An Empirical Investigation On The Great Gatsby's Curve, Carlos Urrutia, Marina Mendes Tavares

Carlos Urrutia

Cross country evidence suggests a negative relation between inequality and intergenerational mobility, sometimes dubbed as the “Great Gatsby's Curve". From a time series perspective, we analyze the relation between the increase in inequality and the observed trends in intergenerational mobility in the U.S. over the last three decades. As an empirical contribution, we document a significant increase in the intergenerational elasticity of earnings, both at the family level and at the individual level, between 1977 and 2012. However, we do not observe a significant trend in the intergenerational elasticity of family income, suggesting an important role for transfers ...


A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma Jul 2019

A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma

Economics ETDs

Wildfires frequency and severity have been increasing in the western United States over the past few decades. This rising threat is caused by the accumulated fuel load, climate change, and the rapid expansion of housing in the wildland-urban interface (WUI). Since most mitigation and suppression costs are borne by taxpayers, policy analysts seek both market (e.g., protection and suppression cost) and non-market cost estimates of wildfires. As one tool, the hedonic pricing method is commonly used to investigate wildfire effects on property values. There are a variety of hedonic studies investigating wildfire, with mixed and/or inconsistent results. Model ...


Multiple Pollutants, Co-Benefits, And Suboptimal Environmental Policies, Don Fullerton, Daniel Karney Dec 2017

Multiple Pollutants, Co-Benefits, And Suboptimal Environmental Policies, Don Fullerton, Daniel Karney

Don Fullerton

In our analytical general equilibrium model, polluting inputs can be substitutes or complements. We study a tax increase on one pollutant where the other faces a tax or permit policy. Our solutions highlight key parameters and welfare effects with gains from abatement plus positive or negative co-benefits from other pollutants in the covered and uncovered sectors. We demonstrate several ways taxes and permits differ. First, the change in taxed pollutant depends on whether the other pollutant faces a tax or permit policy. Also, only with a tax on the other pollutant can a co-benefit arise. The sign of co-benefits depends ...


Contingent Judicial Deference: Theory And Application To Usury Laws, Bernardo Guimarães, Bruno Meyerhof Salama Dec 2017

Contingent Judicial Deference: Theory And Application To Usury Laws, Bernardo Guimarães, Bruno Meyerhof Salama

Bruno Meyerhof Salama

Legislation is less likely to be enforced when courts disagree with it. Building on this premise, we propose a model of Bayesian adjudicators that use their own prior knowledge to evaluate the appropriateness of legislation. The model yields a non-monotonic relation between written rules and effectively enforced rules. Hence the enactment of legislation prohibiting something raises the probability that courts will allow related things not expressly forbidden. Moreover, legal uncertainty is greater with legislation that commands little deference from courts than with legislation that commands none. We discuss examples of e§ects of legislated prohibitions (and, in particular, usury laws ...


Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii Dec 2017

Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii

Research Collection School Of Economics

In this paper, we propose a new method of poverty decomposition. Our method remedies the shortcomings of existing methods and has some desirable properties such as time-revision consistency and subperiod additivity. It integrates the existing methods of growth-redistribution decomposition and sector based decomposition, because it allows us to decompose poverty change into growth and redistribution components for each group (e.g., regions or sectors) in the economy. We extend out method to have six components and provide empirical application to the Philippines for the period of 1985 to 2009.


Reaping Richer Returns : Public Spending Priorities For African Agriculture Productivity Growth, Aparajita Goyal, John Nash Nov 2017

Reaping Richer Returns : Public Spending Priorities For African Agriculture Productivity Growth, Aparajita Goyal, John Nash

Aparajita Goyal

Enhancing the productivity of agriculture is vital for Sub-Saharan Africa's economic future and is one of the most important tools to end extreme poverty and boost shared prosperity in the region. How governments elect to spend public resources has significant development impact in this regard. Choosing to catalyze a shift toward more effective, efficient, and climate-resilient public spending in agriculture can accelerate change and unleash growth. Not only does agricultural public spending in Sub-Saharan Africa lag behind other developing regions but its impact is vitiated by subsidy programs and transfers that tend to benefit elites to the detriment of ...


The Economic Concept Of Exploitation And Economic Justice, Hee-Young Shin Nov 2017

The Economic Concept Of Exploitation And Economic Justice, Hee-Young Shin

The Social Practice of Human Rights: Charting the Frontiers of Research and Advocacy

This paper explores the concept of exploitation — how it has been interpreted and used in different schools of thought in economics and what it means to abolish exploitation in our contemporary capitalist market economies.


Teaching About Modern Slavery: Highlighting Human Rights Principles In Evaluating Economic Systems, Barbara E. Hopkins Nov 2017

Teaching About Modern Slavery: Highlighting Human Rights Principles In Evaluating Economic Systems, Barbara E. Hopkins

The Social Practice of Human Rights: Charting the Frontiers of Research and Advocacy

Evaluating economic systems relies on several different criteria, but the current public discourse places a great deal of emphasis on efficiency, which students generally understand as producing at lower cost.

By using the extreme example of modern-day slavery, I am able to introduce students to the human rights framework for thinking about freedom and encourage students to question whether producing at the lowest possible cost is good for human beings and the environment.


Economic Rights In Catholic Social Teaching, Andrew Beauchamp, Jason Heron Nov 2017

Economic Rights In Catholic Social Teaching, Andrew Beauchamp, Jason Heron

The Social Practice of Human Rights: Charting the Frontiers of Research and Advocacy

Catholic social teaching has a vision of the economy that is very closely aligned with the tradition of civil humanism, dating at least from the Italian Renaissance. In the course of contemporary discussion of economic concerns, Catholic social teaching often asserts human rights in and related to the economic sphere. However, it regards these economic imperatives not in terms of an autonomous, rights-bearing individualism, but rather within the thick web of relationships characterized by civil virtues, including reciprocity and gratuitousness.

Thus the Church conceptualizes the economy as part of a larger social ambit that includes fundamental social virtues. This vision ...


Urban Rail Transit Ppps: Lessons From East Asian Cities, S Y Phang Oct 2017

Urban Rail Transit Ppps: Lessons From East Asian Cities, S Y Phang

PHANG Sock Yong

Private sector participation in urban rail transit has proliferated in the past two decades. The large metropolises of East Asia have had decades of experience with private sector participation in the provision of heavy metro services. The design of these public-private partnerships (PPP) are varied. The diverse experiences of Tokyo, Hong Kong, Singapore and Beijing contain valuable lessons for other cities. Using a case study approach, this paper discusses three features of urban rail transit developments in the context of East Asian cities, viz., farebox recovery, land value capture mechanisms, and vertical structure of the industry. Super vertical integration between ...


Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall Oct 2017

Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall

José Ignacio Silva


Although partially disabled individuals in Spain are allowed to combine disability benefits with a job, the empirical evidence shows that the employment rate of this group of individuals is very low because they have a much lower job finding and a higher job separation rates than nondisabled workers. Moreover, a decomposition analysis of the equilibrium employment rate shows that the differences in the job finding rates explain 85 percent of the disabled employment gap. To explain these facts, we construct a labor market model with search intensity and matching frictions to identify the incentives and disincentives to work in Spain ...


Borderplex Business Barometer, Volume 1, Number 8, Thomas M. Fullerton Jr., Adam G. Walke, Ernesto Duarte Ronquillo, Omar Solís Oct 2017

Borderplex Business Barometer, Volume 1, Number 8, Thomas M. Fullerton Jr., Adam G. Walke, Ernesto Duarte Ronquillo, Omar Solís

Border Region Modeling Project

No abstract provided.


Bias Against Novelty In Science: A Cautionary Tale For Users Of Bibliometric Indicators, Jian Wang, Reinhilde Veugelers, Paula Stephan Sep 2017

Bias Against Novelty In Science: A Cautionary Tale For Users Of Bibliometric Indicators, Jian Wang, Reinhilde Veugelers, Paula Stephan

Jian Wang

Research which explores unchartered waters has a high potential for major impact but also carries a higher uncertainty of having impact.  Such explorative research is often described as taking a novel approach.  This study examines the complex relationship between pursuing a novel approach and impact.  Viewing scientific research as a combinatorial process, we measure novelty in science by examining whether a published paper makes first-time-ever combinations of referenced journals, taking into account the difficulty of making such combinations.  We apply this newly developed measure of novelty to all Web of Science research articles published in 2001 across all scientific disciplines ...


Essays On Economics Of Inequality, Aboozar Hadavand Sep 2017

Essays On Economics Of Inequality, Aboozar Hadavand

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters all around the subject of inequality. The first chapter provides a novel analysis of the trend in income inequality in the United States between 1979--2013. There are two ways in which this chapter contributes to the literature. First, I analyze how much of the existing inequality in the U.S. is due to the demographic changes that happened over this period. Using microdata from Luxembourg Income Study and after decomposing inequality into within- and between-age group components, I find that the within-group share of overall inequality in the U.S. is high and steady ...


Essays On Inequality And Macroeconomic Stability, Thomas Hauner Sep 2017

Essays On Inequality And Macroeconomic Stability, Thomas Hauner

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters. . .

Chapter 1: Aggregate Wealth and Its Distribution as Determinants of Financial Crises: Panel Evidence This essay investigates the relationship between wealth inequality and financial crises across a panel of nine advanced economies over the past 100 years. While substantiation of a role for income inequality is ambiguous in the literature, evidence is presented suggesting a unique capacity for the accumulation of assets to increase the likelihood of a future financial crisis episode. Testing long-run panel data with a reduced form, two-way fixed effects model, estimates suggest that increasing wealth inequality, in an economy with ...


Who Influences Your Outcomes? The Effect Of Culture And Ethnic Origin, Neighborhood And Peers On Personal Income: A Spatial Econometric Analysis Of New York City, Anna Arakelyan Sep 2017

Who Influences Your Outcomes? The Effect Of Culture And Ethnic Origin, Neighborhood And Peers On Personal Income: A Spatial Econometric Analysis Of New York City, Anna Arakelyan

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

Being a “social animal”, each person is inherently embedded into a complex structure of social relations. He has role models to aspire to, conformity rules to follow, and expectations to meet. This paper explores the different social influences each person experiences in life. Specifically, I consider how a person’s ethnic community, age reference group, occupational and industry group peers, and residential area neighbors affect his total income. I introduce a novel model of multiple social networks and discuss various identification implications. I apply the model empirically to New York City, which naturally is a very favorable environment to test ...


Essays In Financial Development And Income Inequality, Samuel M. Jung Sep 2017

Essays In Financial Development And Income Inequality, Samuel M. Jung

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

This dissertation consists of three essays of original research. Chapter 1 is a survey of the literature on the theoretical and empirical interactions among financial development, economic growth, and income inequality.

Chapter 2 describes empirical research on the relationship between financial development and income inequality based on Generalized Method of Moments (GMM) method using a Chinese provincial dataset between 1998 and 2014. The empirical findings support the notion that well-developed financial markets increase income inequality in China. After adding a year dummy for 2001 to examine the impact of China’s entry into the World Trade Organization, which caused the ...


Datos Para Replicar Los Cálculos Del Artículo "La Consar: Balanceando Los Intereses De Los Ahorradores Y De Las Afores" Sep 2017

Datos Para Replicar Los Cálculos Del Artículo "La Consar: Balanceando Los Intereses De Los Ahorradores Y De Las Afores"

Rodrigo Garcia-Verdu

Datos para replicar los cálculos del artículo: "La CONSAR: balanceando los intereses de los ahorradores y de las AFORES", utilizando datos del Banco de México y de la Comisión Nacional del Seguro de Ahorro para el Retiro (CONSAR) de México.


Sorting Into And Out Of Rural And Urban Retail Markets, Georgeanne M. Artz, Liesl Eathington, Jasmine Francois, Melvin Masinde, Peter F. Orazem Sep 2017

Sorting Into And Out Of Rural And Urban Retail Markets, Georgeanne M. Artz, Liesl Eathington, Jasmine Francois, Melvin Masinde, Peter F. Orazem

Peter F. Orazem

We compare the entry decisions and relative success of rural and urban retail start-ups in Iowa from 1992 through 2011. We use an expanded variant of the pull factor idea to predict the level of local retail sales. We then examine how the factors that increase sales affect the incentive to enter or exit an urban or rural market. We show that the same factors that affect retail sales also affect new retail firm entry and retail firm exit. Our findings are consistent with a model where the very best generally skilled entrepreneurs sort into thicker, urban locations where they ...


Impact Of Published Articles On Trade Liberalization From 1980-2015: A Bibliometric Study, Murtala Muhammad, Nader Ale Ebrahim, Gold Kafilah Lola, Abubakar Ahmed Sep 2017

Impact Of Published Articles On Trade Liberalization From 1980-2015: A Bibliometric Study, Murtala Muhammad, Nader Ale Ebrahim, Gold Kafilah Lola, Abubakar Ahmed

Nader Ale Ebrahim

In this research, the viable impact of scholarly research on trade liberalisation by a bibliometric approach from 1980-2015 is examined. The paper analysed 886 academic articles extracted from the ISI Web of Science Core Collection database. Trade liberalisation research is notably interdisciplinary, with articles principally in journals for economics, international relations, and planning development. This study found that the field became evidently viable with more than ten articles per year from 1990 – 2015. The proportion of articles with at least one citation from 1980 – 2015 is 56.43%. The top 100 articles have a minimum of 25 citations. Given this ...


Georgetown’S First Six Moocs: Completion, Intention, And Gender Achievement Gaps, Paul A. Healy Sep 2017

Georgetown’S First Six Moocs: Completion, Intention, And Gender Achievement Gaps, Paul A. Healy

Undergraduate Economic Review

This analysis of Georgetown’s first six MOOCs (massive open online courses) comprises three parts, moving from general to specific in scope. I begin with a discussion of demographic factors across all six courses, seeking to answer the following question: “Who takes, and succeeds in these courses?” Next, I discuss the relationship between stated intention and course performance with survey data from a pre-course survey for Georgetown’s very first MOOC, an economics course. I end by examining the gender achievement gap in the same economics course.


Evaluating Public Employment Programs With Field Experiments: A Survey Of American Evidence, Christopher J. O'Leary Sep 2017

Evaluating Public Employment Programs With Field Experiments: A Survey Of American Evidence, Christopher J. O'Leary

Christopher J. O'Leary

Research in the 1970s based on observational data provided evidence consistent with predictions from economic theory that paying unemployment insurance (UI) benefits to involuntarily jobless workers prolongs unemployment. However, some scholars also reported estimates that the additional time spent in subsidized job search was productive. That is, UI receipt tended to raise reemployment wages after work search among the unemployed. A series of field experiments in the 1980s investigated positive incentives to overcome the work disincentive effects of UI. These were followed by experiments in the 1990s that evaluated the effects of restrictions on UI eligibility through stronger work search ...


Targeted Advertising, Platform Competition And Privacy, Henk L.M. Kox, Bas Straathof, Gijsbert Zwart Sep 2017

Targeted Advertising, Platform Competition And Privacy, Henk L.M. Kox, Bas Straathof, Gijsbert Zwart

Henk LM Kox

Targeted advertising can benefit consumers through lower prices for access to websites. Yet, if consumers dislike that websites collect their personal information, their welfare may go down. We study competition for consumers between websites that can show targeted advertisements. We find that more targeting increases competition and reduces the websites’ profits, but yet in equilibrium websites choose maximum targeting as they cannot credibly commit to low targeting. A privacy protection policy can be beneficial for both consumers and websites. If consumers are heterogeneous in their concerns for privacy, a policy that allows choice between two levels of privacy will be ...


Has Capitalism Lost Its Puritan Spirit? What Do Recent Wvs Data Say About Religiosity And Work Values?, Veysel Bozkurt, Birol A. Yeşilada Sep 2017

Has Capitalism Lost Its Puritan Spirit? What Do Recent Wvs Data Say About Religiosity And Work Values?, Veysel Bozkurt, Birol A. Yeşilada

Birol A. Yeşilada

This paper tests the arguments of social theorists about the changing spirit of capitalism in countries with different levels of economic development using the recent World Values Survey (WVS). Max Weber claimed that the Protestant Ethic was the spirit of capitalism for salvation and improved economic development in Europe. During the last 40 years, sociologists, such as Bell and Bauman, have claimed that capitalism has started to lose its puritan spirit and a new secular/hedonist personality type has emerged as the new characteristic of post-industrial/ consumer capitalism. The data show that religiosity and work values decline but leisure and ...


Sorting Into And Out Of Rural And Urban Retail Markets, Georgeanne M. Artz, Liesl Eathington, Jasmine Francois, Melvin Masinde, Peter F. Orazem Sep 2017

Sorting Into And Out Of Rural And Urban Retail Markets, Georgeanne M. Artz, Liesl Eathington, Jasmine Francois, Melvin Masinde, Peter F. Orazem

Economics Working Papers

We compare the entry decisions and relative success of rural and urban retail start-ups in Iowa from 1992 through 2011. We use an expanded variant of the pull factor idea to predict the level of local retail sales. We then examine how the factors that increase sales affect the incentive to enter or exit an urban or rural market. We show that the same factors that affect retail sales also affect new retail firm entry and retail firm exit. Our findings are consistent with a model where the very best generally skilled entrepreneurs sort into thicker, urban locations where they ...


Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman Sep 2017

Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman

Christopher J. O'Leary

Short-time compensation (STC) is an optional program within some state unemployment insurance (UI) systems that allows employers experiencing a temporary reduction in business to lower the average hours of employees in lieu of laying them off. Employer use of the STC option has been low in states with STC programs. We conducted demonstrations in Iowa and Oregon to evaluate the effectiveness of several interventions designed to increase employer awareness and use of STC, including disseminating information about STC to specific employers (members of the “treatment” group) over a 12-month period. The main findings support the hypothesis that lack of awareness ...


Unequal Exchange In Global Trade: Theoretical And Empirical Issues, Andrea Ricci Sep 2017

Unequal Exchange In Global Trade: Theoretical And Empirical Issues, Andrea Ricci

Andrea Ricci

Presentation at the Eighth IIPPE Annual Conference in Political Economy.
Berlin School of Economics and Law.
Berlin. September 13, 2017


Trade Union Trade-Offs: Unions, Voters, And The Rise Of Right-Wing Populism, Kim Gabbitas Sep 2017

Trade Union Trade-Offs: Unions, Voters, And The Rise Of Right-Wing Populism, Kim Gabbitas

Claremont-UC Undergraduate Research Conference on the European Union

Trade union membership in European Union member states has been in decline for decades, which has many concerned about the future of workers’ rights. While existing work examines the reasons for this decline, my research shifts the focus from union density to the functions unions serve and how these functions affect and are affected by changing electoral behavior. I examine the rise of right-wing populist movements in Europe and how these movements and the challenges today’s labor unions face can be traced to the same underlying forces. I argue that, as the relevance of trade unions declines for blue-collar ...


The Children's Community Center, Noelle Howard (Economics), Silvia Martin Aldana (Graphic Design Certificate), Cristina Pareja (Disaster And Medicine And Management), Albaraa Jebreel (Disaster And Medicine And Management) Sep 2017

The Children's Community Center, Noelle Howard (Economics), Silvia Martin Aldana (Graphic Design Certificate), Cristina Pareja (Disaster And Medicine And Management), Albaraa Jebreel (Disaster And Medicine And Management)

Nexus Maximus

We are the Children’s Community Center, a NGO thats wants to provide an emergency response to the new surge of Rohingya refugee children. We want to relieve the daily mental traumas of the refugee camps through the collaborative interaction of the different children within the camps. This center will also give parents the space to focus on their own healing without the preoccupation of childcare.

Nexus Maximus IV

The Challenge: Innovation for Refugees and Displaced Populations

One of the great challenges of our time is how to help refugees and displaced populations, and how to prevent the causes in ...


St. Cloud Area Quarterly Business Report, Vol. 19, No. 3, King Banaian, Richard A. Macdonald Sep 2017

St. Cloud Area Quarterly Business Report, Vol. 19, No. 3, King Banaian, Richard A. Macdonald

St. Cloud Area Quarterly Business Report

Despite experiencing the worst worker shortages since the late 1990s, St. Cloud-area businesses continue to experience strong growth. Payroll data indicate overall St. cloud metropolitan area employment grew at a 1.8 percent annual rate over theyear ending July 2017, above the average annual job growth rate of 1 percent observed since 2002.

Once again the construction sector led the way with double-digit job growth, followed by strong gains in the wholesale trade as well as the educational and health sector. Similar to last quarter, the financial activities, manufacturing, information, and transportation/warehousing/utilities sectors all experienced year-over-year job losses ...