Economics Commons^™

Mental Health Is Wealth Too: Did The Affordable Care Act Medicaid Expansion Improve Mental Health Outcomes?, Dereck Wang

Honors Theses

The ongoing COVID-19 pandemic has greatly exacerbated mental health, which has long been a growing problem in the United States; poor mental health not only jeopardizes the well-being of Americans but also has severe implications for America’s economy. Not only do mental health conditions have significant costs of treatment, but the absenteeism, presenteeism, early retirement, and mortality stemming from poor mental health also severely impact productivity. One health policy that could alleviate this problem is Medicaid expansion. The Affordable Care Act gave states the choice to expand Medicaid eligibility for individuals with incomes up to 138% of the federal poverty …

Women Are More Likely To Use Tentative Language, I Think: A Literary And Statistical Analysis Of Ulysses By James Joyce And Debate Speech, Cozette Blumenfeld, Claire Bracken, Tomas Dvorak

Honors Theses

Language and its utilization can provide valuable information about individuals and their cultural norms. Negotiation is a major factor of the gender wage gap, perpetuated by gender bias. This paper seeks to discover—does language influence gendered cultural norms? Or reflect it? This thesis is divided into eight sections that engage the relationship between gender and language in literature and debate speech. Through critical literary and statistical analysis of the “Penelope” and “Proteus” chapters of Ulysses by James Joyce, it is evident that the female chapter’s invalidation found in literary criticism is from the reception of her speech, and not the …

How Presidential Disapproval Affects Bitcoin Returns: A Product Of The President, Joseph Libretti

Honors Theses

There has been a growing fascination for decentralized electronic assets, and Bitcoin has emerged as the face and leader of the movement. There have been three different presidents coinciding with the growth of Bitcoin. Since the creation of Bitcoin, each president has faced periods of net disapproval, and these periods have been the norm throughout Obama’s, Trump’s, and Biden’s presidencies. There is currently no existing literature on Presidential ratings as a predictor of Bitcoin, however, there has been research on the predictors of Bitcoin and Presidential ratings as a predictor of financial markets. I hypothesized that increases in net disapproval …

The Effects Of Recreational Marijuana Dispensaries On Local Opioid Mortality, Patrick Morrison

Honors Theses

This study examines how recreational marijuana dispensaries in Colorado affect opioid mortality at the county level. Using a difference-in-difference model with county and year fixed effects, I estimate the impact of recreational marijuana dispensary access on fatal opioid overdoses. Additionally, I employ distance from a major roadway and border as two instrumental variables to help limit the endogeneity associated with the location of dispensaries. Previous studies have shown that medical and recreational marijuana dispensary access decreases opioid mortality at the state level. Still, no study has explored the connection between recreational marijuana dispensaries and overdoses at the county level. Using …

Changes In Work Hours During The Covid-19 Pandemic By Sex, Marital Status, And Parental Status, Margaret Hayes

Honors Theses

In the past several decades, there has been a cultural movement towards women being employed in the labor force rather than working in the home. With the Covid-19 pandemic, as many workers began to work from home, boundaries between home and work became less clear. Using pooled cross-sectional data from the 2019-2020 American Time Use Survey I examine how the work hours of different groups were impacted during the pandemic, with respect to sex, marital status, and parental status. I find that work hours decreased most significantly for partnered mothers who did not work from home. Partnered mothers likely reduced …

Finance And Fear: Sentiment, Media, And Financial Markets During The Covid-19 Pandemic, Alison N. Sommers

Honors Theses

This thesis aims to build on existing research of market psychology and the effect of sentiment on financial markets. The main objective of this study is to determine the ability of investors to make rational decisions during the most recent period of high sentiment. The anomalies that have occurred in the stock market can be better understood by market psychology which focuses on the biases and social factors that influence investors. The media is a newly relevant factor impacting the volume of sentiment present in the market. A review of literature reveals that many studies of sentiment and financial market’s …

Convergence And Hegemony: The United States And China In The 21st Century, Daniel Wilcox

Honors Theses

The extreme economic growth of the Republic of China is neither a new phenomenon nor a topic that has not been extensively examined, however, how this convergence of economic power between the United States and rising China translates to potential political power is an important area of discussion. The US has been forced to face a tumultuous beginning to the 21^st century. Characterized by unprecedented terrorist attacks, subsequent wars that have brought economic and moralistic costs, increasing domestic partisan division, and a questioning of what it is to be an American, it is an unthinkable reality following the 1991 …

The Effect Of Artificial Intelligence Implementation On Total Factor Productivity, Matthew Toy

Honors Theses

Investment in and availability of artificial intelligence has become a central concern for most developed economies because of is expected positive impact on an economy. Unlike other forms of capital investment, investment in AI may lead to innovative products and processes that should increase productivity. However, AI’s overall effect on productivity remains largely unknown. Adopting AI replaces labor with capital, which will have a positive effect on labor productivity, but overall productivity may remain the same or even decrease. I look at the impact of AI implementation on Total Factor Productivity (TFP) in order to assess its effect on the …

Using Difference-In-Differences Analysis And The Kocyk Geometric Lag Model To Estimate Aspects Of Carbon Tax Effectiveness In Nordic Countries, Kyle Riley

Honors Theses

This paper generally looks at the connections between carbon taxes and carbon emission levels in Nordic countries over a period from the 1960s to the early 2010s. Most of the existing literature on this topic looks at and finds that carbon taxes do have a significant impact upon carbon emissions levels in some countries while not in others. In many countries which have this policy there is not a significant impact that can be seen and there is a discussion as to why this might be the case and what needs to be done to fix these potential issues to …

How Did Medicaid Expansion Affect The Provider Labor Market?, Aaron Wu

Honors Theses

One provision of the Affordable Care Act was to expand Medicaid eligibility for a greater number of low-income patients. The resulting increase in demand for care was largely explored, but the effect of the 2014 Medicaid expansion on the physician and advanced practitioner labor market has not been well researched by economists. Using pooled cross-sectional data from the 2010 – 2018 American Community Surveys, this paper examines whether the Medicaid expansion has caused notable changes in physician, physician assistant, and nurse practitioner hours, compensation, and overall employment. The literature shows that practices that employ nurse practitioners are far more likely …

The Diminishing Male Labor Force Population: What The American Time Use Survey Suggests About How Male Nonworkers Allocate Their Time, Rory Nizolek

Honors Theses

The male labor force participation rate has been declining for decades, dropping from nearly 90% down to 69.3% as of now. Using survey respondent data from the 2003-2017 American Time Use Survey, this paper investigates how nonworking males choose to allocate their time in a day. This paper examines how the time allocation has changed over time for males ages 25-34 as well as for those who have less than a high school degree because these two samples shows significant changes in time allocation. For the other samples, ages 35-44 and 45-54 as well as all education levels higher than …

The Shifting Dynamics Of International Reserve Currencies, Robert Righi

Honors Theses

Throughout most of post World War II period, the United States dollar has been globally accepted as the dominant reserve currency. This dominance comes with “exorbitant privilege” or special benefits such as not having a balance of payments problem. Therefore, with the shifting of global geopolitical balance of power in the age of Trump, along with the recognition by the IMF of the Chinese renminbi as an international reserve currency in 2015, it is important to understand the modern influence of reserve currencies. We provide an updated study of the status of the dollar, the euro, and in particular, the …

The Impact Of State-Level Naloxone Access Policies On Opioid Related Mortality And Admissions, Brian Shorr

Honors Theses

Opioids, both prescription painkillers and illegal drugs, were responsible for over 33,000 deaths in the United States during 2015. Naloxone treatment to combat opioid overdoses has been used in hospital settings for decades, and during recent years legislation has expanded training and distribution to first aid responders and high risk groups. Several studies have projected the efficacy of community-based opioid overdose prevention programs (OOPPs) and prescription drug monitoring programs (PDMPs), but few have examined state naloxone access policies. This paper investigates the impact of three state policies – non-patient specific prescriptions, third-party prescriptions, and layperson legal immunity when administering naloxone …

Barriers: An Exploration Of Architectural Structures As An Indication Of Wealth And Socioeconomic Status, Lisa Demoranville

Honors Theses

I decided to explore the barriers and limitations of wealth through an investigation of architectural structures, focusing on popular industries and institutions on which our society commonly depends. I have noticed that places such as hospitals, schools, grocery stores, and restaurants differ dramatically depending on the neighborhoods in which they were located. This topic sparked my interest after living in Lima, Peru for a month, as I was able to observe the developing economy and dramatic division of wealth among the population. Certain questions about the divides and differences within a society and its culture started crossing my mind; not …

The Incidence Of Intra-State Violence: An Empirical Study On Ethnicity And Values, Kevin Fitzpatrick

Honors Theses

FITZPATRICK, KEVIN R. The Incidence of Intrastate Conflict: An Empirical Study on Ethnicity and Values. Department of Economics and Political Science, June 2019.

ADVISORS: Jeeten Giri, Lori Marso

What best explains conflict? Why do societies engage in violence, or better yet, why are some societies more likely to fall victim towards internal instability and civil war? This paper seeks to better understand what factors offer the most explanatory power for intra-state violence. Utilizing Geert Hofstede’s 6-D model of cultural dimensions, I construct a data set incorporating intra-state data from the Uppsala Conflict Data Program/Peace Research Institute of Oslo to determine …

A Cross County Examination Of Fiscal Federalism In The 2016 Election, Sarah Kaplan

Honors Theses

The 2016 election has often been referred to as one of the most unorthodox elections in United States history. Both major candidates had their own unusual qualities about them. Hillary Clinton was the first woman to receive a major party’s nomination. Donald Trump ran with no political experience, using a rhetoric that was foreign to the established political world. And yet, Donald Trump did the unthinkable and was elected to the highest office in the nation. He triggered a voice that many felt was silenced in recent years. By laughing in the face of political correctness, and speaking about what …

Mexico: Neoliberalism, Popular Grievances, And The Rise Of Andrés Manuel López Obrador, Irving Cortes-Martinez

Honors Theses

Andrés Manuel López Obrador, commonly referred to as AMLO, has become Mexico’s first leftist president in over seven decades. He has promised to get rid of Mexico’s problems through a peaceful but radical transformation, while placing the needs of the people first. For the past three decades, the nation’s political and economic systems have failed to create positive results. Mexico currently faces mass inequality and poverty, corruption and impunity, and insecurity and organized crime. Through his political activism and most importantly, his political narrative, AMLO has become a popular actor and is seen as the president who will implement lasting …

The Business Cycle And Health: An Analysis Of How Macroeconomic Conditions Impact Health Outcomes In The U.S., Talitha Kumaresan

Honors Theses

The U.S. spends about twice as much per person on healthcare, yet the disease burden remains higher in the U.S. than in comparable countries (Sawyer and Cox 2018; Sawyer and Gonzales 2017). Although health status is perceived to be an outcome of individual decision making, the business cycle also affects health. While the effect of macroeconomic shocks on health outcomes has been studied extensively, results remain inconclusive. This analysis uses longitudinal data over 30 years and panel data models to examine the effect of macroeconomic conditions on obesity, diabetes, hypertension, depression, congestive heart failure, and heart attack or myocardial infarction. …

Is Microfinance The Best Tool For Empowerment? Analysis Of Efficiency Of Developing Economies’S Microfinance Institutions In Empowering Women Using Data Envelopment Analysis Meta Frontier Technology, Beryl Isiji

Honors Theses

Poverty is still prevalent in developing economies, although the proportion of people living below the international poverty line ($1.90 a day) decreased by 24.6% between 1990 and 2013 according to World Bank. Women are more likely than men to live in poverty due to minimal access to resources. Microfinance institutions (MFIs) lend small funds to women thereby empowering them, encouraging entrepreneurship and creating creditworthiness.

This thesis examines the effect of MFIs on gender inequality via women empowerment by calculating output-oriented Data Envelopment Analysis using the meta frontier technology, and relating the efficiency results to the Gender Inequality Index (GII) obtained …

Extraordinary Episodes Of Ancient Money, Francis Louis Kailey

Honors Theses

The spread of coins, which occurred throughout the archaic and classical periods of Greece, was a foundational advancement toward forms of the modern economy. Modern theory has sought to explain the invention of coins with a variety of narratives. Generally, these narratives fall into two broad categories: market-driven monetization or state-driven monetization. On the one hand, some theory argues that coins developed from reducing private transaction costs. On the other hand, some theorists argue that the state benefitted from reductions in administrative costs from the use of coins and therefore undertook the cost of minting them. This thesis problematizes these …

Banking Efficiency Within The World’S Largest Banks: Application Of Data Envelopment Analysis To The Global Financial Crisis Of 2008, Devin Coffey

Honors Theses

The world’s financial system is one of the globe’s most powerful structures, however the institutions that make up this network of banking firms are certainly not immune to the pressures of market globalization and technical innovation that drive change within the financial landscape. In order to exist within such an environment, the world’s largest commercial banks must constantly reevaluate the ways in which they function in order keep pace in the competitive market. The objective of this paper is to examine the efficiency of ten of the world’s largest commercial banks during the period spanning from 2006 to 2015. Utilizing …

An Empirical Analysis Of Climatic, Geographic, And Cultural Determinants Of International Tourism, Ethan Straus

Honors Theses

Each year, billions of people visit different countries all around the world. For many of those countries, tourism is their primary industry, leading to millions of jobs and dollars in revenue. It is expected that by 2020 total International Tourism Receipts will reach 2 trillion US dollars annually. Currently, tourism employs an estimated 200 million people around the world. With the continued progression of climate change, the tourism industry is facing a newfound threat. Global temperatures and the seal level are both expected to rise significantly by the end of the century. Additionally, the Intergovernmental Panel on Climate Change has …

Solar Energy For The Soul: Solving America’S Fuel Poverty Problem With Solar Panels For The Poor, Samantha St. Marie

Honors Theses

In the United States today, at least 14 million Americans live in fuel poverty. These Americans spend at least ten percent of household income on energy costs ranging from fuel to electricity. The purpose of this thesis is to identify an innovative solution to mitigate the effects of the energy affordability crisis in the United States. After examining national trends and researching localized efforts, I determined that solar panels may be able to support the modern energy needs of the fuel poor. The study uses a least squares regression model with fixed effects to determine factors influencing solar adoption at …

An Economic Analysis Of The Rise In Franchise Values In The Four Major North American Sports Leagues From 2008-2016, Anthony Alan Desantis

Honors Theses

North American professional sports franchise values have been growing rapidly over the last 10 years, leading some to wonder how this rise might mirror previous economic booms such as those of the internet and housing sectors, and thus impact the future of the sport industry. To investigate this phenomenon, financial and other team-specific data was acquired from Forbes, while metropolitan area statistics were mostly gathered from the Bureau of Economic Analysis and the U.S. Census. The results of this study showed that revenue, metropolitan area population and GDP, multiple teams in the same metro area and the same league, and …

Does Player Performance Outside Of Major League Baseball Translate To The Mlb?, Ian Vogt

Honors Theses

Statistical analysis has transformed the way front offices across Major League Baseball manage the rosters of their teams. However, much of this statistical analysis is limited to evaluating players playing in the American major league environment. Little has been done in the way of using statistical analysis to evaluate how performance translates from league-to-league, and the market for international and college players remains highly inefficient, despite expansion of these player pools. My study is an attempt to make this market a more efficient one.

I measure the correlation between performance in two top international baseball leagues (Nippon Professional Baseball and …

Marriage, Religion, And Women's Happiness, Aaron Gordon

Honors Theses

This thesis studies the effect of six major religions (Catholicism, Protestantism, Orthodoxy, Islam, Buddhism, and Hinduism) on the gender marriage gap and the gender gap in the happiness payoff associated with marriage. Becker (1974) developed a theory on marriage claiming that individuals seek to maximize their utility through marriage. However, in some religions, individuals are coerced into marriage or have an arranged marriage, and thus, it is unlikely that such individuals’ marriage choices reflect their preferences. This paper uses data from the World Values Survey to examine whether religious people’s marriage decisions are consistent with their preferences. The results show …

The Effect Of Aca Medicaid Expansion On People’S Retirement Decision, William Christopher

Honors Theses

As of January 2018, thirty-three states have adopted the Affordable Care Act (ACA) Medicaid expansion. There is an emerging literature to study the effects of ACA Medicaid expansion on various outcomes, such as insurance coverage, health status, and labor supply. For example, a study from the Congressional Box Office projects that the U.S. labor supply will decrease 1.5-2% from 2017 to 2024 because of this expansion. In a recent paper, Ayyagari (2017) argues that because employer sponsored retiree benefits are declining and Medicaid coverage is expanding, retirement age will decrease by 3.6 to 7.2 months. In this paper, I use …

Do Preferential Trade Agreements Affect Us Exports? Empirical Evidence From Us Export Panel Data, Benjamin A. Fay

Honors Theses

The Trade-Related Aspects of Intellectual Property Rights (TRIPS) created under the World Trade Organization in 1995 established minimum standards of intellectual property rights (IPRs) for member nations. Concurrently, the US has used preferential trade agreements (PTAs) to negotiate for stronger IPR protections within its trading partners.

This paper empirically accesses the effects of PTAs on US exports. I use a gravity model of trade to analyze changes in US exports to 19 trading partners who signed a PTA with the US during the period 1991-2015. I regress US exports on dummy (binary) variables that identify the signing and entry-into-force of …

An Economic Analysis Of Civil War: How Constitutions And Ethnic Diversity Impact Internal Conflict, Zachary Roth

Honors Theses

This thesis explores the connection between ethnic diversity and constitutional structures on the incidence of civil war. The following paper will bridge the gap between existing economic literature on constitutions and the existing work on civil wars. The main economic theory behind civil war is a cost-benefit analysis. Costs of civil wars include raising an army supporting the army economic losses due to conflict and the lives lost in the fighting itself while the main benefit is the gains of governing. The other main economic theory to civil war is game theory exploring how the two sides engaging in civil …

New York State's Zero Emission Credits: Exploring The Drivers And Significance Of Nuclear Energy Subsidization In The Empire State, Michael R. Sciascia

Honors Theses

This thesis reviews New York State's recently announced subsidization of nuclear energy, which has been a subject of dissent due to its cost, propagation of nuclear activity, and potential unlawfulness in its influence on competition within wholesale energy markets. Examining the structure and recent trends within New York's energy market and their effect on the state's nuclear energy industry will provide insight into the necessity of such subsidization in preserving in-state nuclear generation. Through an analysis of the expected costs, economic impact, and influence on statewide carbon emissions, the true significance of this legislation and New York's motivations behind its …