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Full-Text Articles in Economics

Sexual Orientation Wage Gap: The Role Of Occupational Sorting And Human Capital, Heather Antecol, Anneke Jong, Michael Steinberger Jul 2008

Sexual Orientation Wage Gap: The Role Of Occupational Sorting And Human Capital, Heather Antecol, Anneke Jong, Michael Steinberger

CMC Faculty Publications and Research

Using data from the 2000 U.S. Census, the authors explore two alternative explanations for the sexual orientation wage gap: occupational sorting, and human capital differences. They find that lesbian women earned more than heterosexual women irrespective of marital status, while gay men earned less than their married heterosexual counterparts but more than their cohabitating heterosexual counterparts. Results of a Oaxaca-Blinder decomposition indicate that the relative wage advantages observed for some groups of lesbians and gay men were mainly owing to greater levels of human capital accumulation (particularly education), while occupational sorting had little or no influence. The relative wage penalties …


The Persistent Problem: Inequality, Difference, And The Challenge Of Development, Aseema Sinha, John Echeverri-Gent, Leslie Elliott Armijo, Marc Blecher, Daniel Brumberg, Valerie Bunce, Kiren A. Chaudhry, John W. Harbeson, Evelyne Huber, Bronwyn Leebaw, Susanne Hoeber Rudolph, Loren Ryter, Susan L. Woodward Jul 2008

The Persistent Problem: Inequality, Difference, And The Challenge Of Development, Aseema Sinha, John Echeverri-Gent, Leslie Elliott Armijo, Marc Blecher, Daniel Brumberg, Valerie Bunce, Kiren A. Chaudhry, John W. Harbeson, Evelyne Huber, Bronwyn Leebaw, Susanne Hoeber Rudolph, Loren Ryter, Susan L. Woodward

CMC Faculty Publications and Research

This report highlights the complex, multidimensional nature of inequality in the era of globalization. It documents that despite the impressive strides by nations like China and India, absolute inequality between the richest and poorest countries is greater than ever before in history. It demonstrates that the rise of China and India creates a new dimension to the persistent problem of inequality.


German Banks In The Global Economy: Global Pressures And Public Sector Banking, Jason A. Gorn May 2008

German Banks In The Global Economy: Global Pressures And Public Sector Banking, Jason A. Gorn

Pitzer Senior Theses

German banking is distinguished from neighboring European banking systems by the influence of its public sector banks. Nearly 50 percent of German banking is carried out by government owned state banks (ländesbanken) and regional savings banks (sparkassen) whose roots date from the 18 th century. German banks play a particularly important role in the economy and exert more control over firms and corporations than do their American counterparts. German banks tend to be less profitable than foreign counterparts. German public banks were originally founded to foster local and regional business. However, the operations of German public sector banks now extend …


Complementarity And The Measurement Of Individual Risk Tradeoffs: Accounting For Quantity And Quality Of Life Effects, Mary F. Evans, V. Kerry Smith Jan 2008

Complementarity And The Measurement Of Individual Risk Tradeoffs: Accounting For Quantity And Quality Of Life Effects, Mary F. Evans, V. Kerry Smith

CMC Faculty Publications and Research

This paper considers the factors responsible for differences with age in estimates of the wage compensation an individual requires to accept increased occupational fatality risk. We derive a relationship between the value of a statistical life (VSL) and the degree of complementarity between consumption and labor supplied when health status serves as a potential source of variation in this relationship. Our empirical analysis finds that variations in an individual’s health status or quality of life and anticipated longevity threats lead to significant differences in the estimated wage/risk tradeoffs. We describe how extensions to the specification of hedonic wage models, including …


Comments On Lederman And Maloney’S ‘In Search Of The Missing Resource Curse’, Cameron Shelton Jan 2008

Comments On Lederman And Maloney’S ‘In Search Of The Missing Resource Curse’, Cameron Shelton

CMC Faculty Publications and Research

The paper by Daniel Lederman and William Maloney is part of a larger project of the authors.1 Their broader goal is to drive home the point that the possession of natural resource wealth does not inevitably lead to lower growth rates and thus lower per capita GDP. In their words, “the central tendency is not negative” and natural resources are neither curse nor destiny.


Book Chapter: The Lexus And The Olive Branch: Globalization, Democratization And Terrorism, Gregory Hess, S. Brock Blomberg Jan 2008

Book Chapter: The Lexus And The Olive Branch: Globalization, Democratization And Terrorism, Gregory Hess, S. Brock Blomberg

CMC Faculty Publications and Research

This chapter provides an original study into how democratization and globalization influence terrorism, examining the motives of terrorists and how democratic institutions and international integration influence nonstate economic actors.


From (No) Butter To Guns? Understanding The Economic Role In Terrorism, Gregory Hess, S. Brock Blomberg Jan 2008

From (No) Butter To Guns? Understanding The Economic Role In Terrorism, Gregory Hess, S. Brock Blomberg

CMC Faculty Publications and Research

This chapter provides a comprehensive study of the economic determinants of transnational terrorism and the role that development plays in fostering a more peaceful world.