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Full-Text Articles in Economics
Predicting The Divorce Decisions Of Young Women Using The National Longitudinal Survey Of Youth, Angela A. Smith '96
Predicting The Divorce Decisions Of Young Women Using The National Longitudinal Survey Of Youth, Angela A. Smith '96
Honors Projects
Over recent decades, we have witnessed drastic changes in American family structure. Previous studies, such as those performed by Gary Becker (1991) and Manser and Brown (1980) have applied economic models to divorce and other family structure decisions. Building on the utility maximization analysis of Manser and Brown, as adapted by John Ermisch (1993), this study uses a logit regression analysis to predict divorce decisions for an all female sample of respondents, ages 28 to 36. Data are extracted from the National Longitudinal Survey of Youth for this analysis. Economic theory predicts that the probability of divorce is directly related …
Automobile Leasing Versus Installment Loan Credit: A Comparative Analysis, Susan E. Brown '96
Automobile Leasing Versus Installment Loan Credit: A Comparative Analysis, Susan E. Brown '96
Honors Projects
The Shortino family has done what many other consumers are doing--Ieasing an automobile. As a result, leasing is becoming an increasingly popular method of automobile financing. But why is leasing advantageous for the Shortino family? Johanna Shortino stated that the principle advantage of leasing was the savings on the down payment. While this may be true, there are also other factors to consider. For example, consider the contrast in the Shortinos' vehicles: an "aging" Datsun versus a new Cadillac. This shift is a significant trade upward among automobile classes and suggests another advantage to leasing: leasing can make expensive cars …
Exchange Rate Variability And Its Effect On Trade: A Case Study Of The Cfa Free Trade Zone, Gwendolyn M. Alexander '96
Exchange Rate Variability And Its Effect On Trade: A Case Study Of The Cfa Free Trade Zone, Gwendolyn M. Alexander '96
Honors Projects
Since the fall of the Bretton Woods agreement and the rise of a floating exchange rate regime, there has been a marked increase in the volatility of exchange rates. The movement of exchange rates relative to other currencies, or exchange rate variability is seen as a risk by importers and exporters. The uncertainty surrounding exchange rate movements affects importers and exporters who must determine domestic prices of traded goods without knowing how the exchange rate will move between the time an order is placed and the time payment is due. Theory supports that as exchange rate variability increases, ceteris paribus, …
Cultural Wage Differentials Among United States Immigrants, William J. Takahashi '96
Cultural Wage Differentials Among United States Immigrants, William J. Takahashi '96
Honors Projects
One ofthe most debated political and social issues in contemporary America is that of immigration. As a nation ofimmigrants and descendants ofimmigrants, the United States is grappling with the conflict over whether or not continued immigration will prove to be beneficial or detrimental to the economy and society. Immigration is an issue as old as the United States itself, yet it seems as though this generation of leaders is more determined than ever to make lasting changes in the policy concerning immigration. Some argue that a consistent inflow ofdiverse and talented human beings will advance the nation's economy as it …
An Empirical Analysis Of Dutch Disease: Developing And Developed Countries, David Rudd '96
An Empirical Analysis Of Dutch Disease: Developing And Developed Countries, David Rudd '96
Honors Projects
Dutch Disease occurs when a country discovers a substantial natural resource deposit and begins a large-scale exportation of it. As a result, the country's currency appreciates, thereby reducing the competitiveness of the country's traditional export sector. Therefore, this tradable goods sector should contract, leading to structural changes and unemployment in the economy. Neary and Van Wijnbergen (1986) develop the theoretical underpinnings by identifying the two components of Dutch Disease: the spending effect and the resource-movement effect. Using these theoretical components, the paper attempts to account for the decline in the Netherlands' manufacturing sector and Nigeria's and Indonesia's agriculture sectors. The …