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Articles 31 - 39 of 39
Full-Text Articles in Labor Economics
The Role Of Human Capital In Wealth Accumulation, Thomas Scheiding
The Role Of Human Capital In Wealth Accumulation, Thomas Scheiding
University Avenue Undergraduate Journal of Economics
After an introduction to the fundamental elements of human capital theory, I will define the characteristics of general and specific human capital, and show who pays for and yields the benefits from investment in each component. I will then proceed to explain why understanding the magnitude of the rate of return in terms of wealth is imperative, both theoretically and practically. After I develop testable hypotheses, I will introduce the data set to be used, and present my model. Finally, I present the regression results, and provide a direction for future research in this area.
The Gender Wage Gap In The Economics Profession A Search In The Return To Marriage And Fertility Of Ph.D. Economists, Weiyi Shi
University Avenue Undergraduate Journal of Economics
Previous researchers have found that after controlling for various determinants of economists’ earnings, there still remains an unexplained residual wage gap across genders in the economics profession. This study uses 1990 Census data to examine the return to marriage and fertility of male and female Ph.D. economists in an attempt to explain in part the residual gender wage gap in the profession. Marital status is found to have no impact on male or female economists’ earnings. Fertility does not affect male economists' earnings, but is negatively correlated with female economists' earnings. I conclude that the different returns to fertility across …
The Phillips Curve In The 1990s, Hayden Smith
The Phillips Curve In The 1990s, Hayden Smith
University Avenue Undergraduate Journal of Economics
This paper will explore whether or not the Phillips curve relationship exists for the 1990s. I will attempt to estimate a Phillips curve for the past decade using data for the United States. In section two, I will explain the theory behind the Phillips curve and how the theory has evolved. In section three, I will present a literature review discussing previous research and results. Section four will present my empirical model and data. In section 5, I will present my results and discuss econometric problems such as serial correlation that may lead to biased estimates. In section six I …
How Wages Are Set: Uncertain Political Marginal Productivity: Price Theory, Wage Theory, Agency Theory, And The Theory Of The Firm, Thomas C. Lane
How Wages Are Set: Uncertain Political Marginal Productivity: Price Theory, Wage Theory, Agency Theory, And The Theory Of The Firm, Thomas C. Lane
University Avenue Undergraduate Journal of Economics
In this paper, I will derive a new model of wage prices by starting with price theory and wage theory and then blending in the cost factors uncovered by agency theory and the theory of the firm, and Alchian's work on economic uncertainty. The final result is still theoretical and cannot be used to predict a specific workers wage, but is nevertheless more complete and realistic in detailing the process of wage determination.
The Effects On Labor Of Post-Industrial Globalization: A Comparison Of Marxist And Non-Marxist Paradigms, Louis Hyman
The Effects On Labor Of Post-Industrial Globalization: A Comparison Of Marxist And Non-Marxist Paradigms, Louis Hyman
University Avenue Undergraduate Journal of Economics
In this paper I will be examining the changes in labor conditions that have occurred during the last ten years, how they are intimately linked to new notions of information technology and the rise of a global economic perspective. I will compare the [Marxist and non-Marxist] trains of thought as well, and attempt to provide a notion of where I believe them to be sufficient and lacking. If these new notions of globalized post-industrial labor resolve the antagonism between Labor and Capital, they would signal a critical shift in the socioeconomic dynamics of the world, similar in importance to the …
Free Agents, Fire Sales, And Fungoes: An Econometric Examination Of Team Success In Major League Baseball, Corey R. Maynard
Free Agents, Fire Sales, And Fungoes: An Econometric Examination Of Team Success In Major League Baseball, Corey R. Maynard
University Avenue Undergraduate Journal of Economics
This paper explores what good organizational strategies baseball teams use to put themselves into the group of those that win more often than they lose, and conversely, what poor strategies cause teams to fall into the group of those who lose more than they win.
Gender Differences In The Causes Of Non-Completion Rates Among Oregon Apprentices: A Case Study Of The Metro Electrical Jtpc, Portland, Oregon, Kerstin Rock
University Avenue Undergraduate Journal of Economics
This paper will address the question of why women drop out of apprenticeship programs at a higher frequency than men. I will examine if there are in fact substantial differences in human capital and social characteristics between female and male apprentices and whether the influence of these characteristics on the probability of finishing depends on the sex of the apprentice. I hypothesize that the reasons apprentices quit prematurely will differ significantly between sexes, especially in reference to educational background, experience, and family situation.
The Minimum Wage In America Will Current Legislation Really Help The Working Poor?, Douglas A. Noe
The Minimum Wage In America Will Current Legislation Really Help The Working Poor?, Douglas A. Noe
University Avenue Undergraduate Journal of Economics
This same incentive is not present for players either already tied up in long-term contracts or those without enough major league service time to qualify for free-agent status. Were Finley's plan adopted, this incentive would be present for all players in all seasons, instead of just the few hoping for lucrative contracts at the end of the year. While the competitive balance (and aggregate statistics) may not be effected, if work effort is indeed endogenous, overall effort (and "hustle") would likely be increased, and a finer product would be put on the field, potentially increasing attendance and thus revenues. Thus, …
Cultural Wage Differentials Among United States Immigrants, Bill Takahashi
Cultural Wage Differentials Among United States Immigrants, Bill Takahashi
University Avenue Undergraduate Journal of Economics
This project will attempt to take a modern snapshot of the ongoing process of immigration and cultural diversification, examine the problem of immigrant adaptation into the American way of life and explore which groups, if any, have an advantage when it comes to integrating into American society. More specifically this paper will address the question: What is the role of cultural factors in determining the standard of living of immigrants.
Editor's Note: Figures are missing from this article. We apologize for the inconvenience.