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The Effect Of Low Skill Job Opportunities On Postsecondary Enrollment, Mallory Radesic 2021 The University of Akron

The Effect Of Low Skill Job Opportunities On Postsecondary Enrollment, Mallory Radesic

Williams Honors College, Honors Research Projects

This research examines the effect that low skill job opportunities have on the probability of enrollment in postsecondary institutions between men and women, namely the construction and manufacturing industries. The research is based on the human capital investment theory, which states that individuals will enroll in postsecondary institutions when the perceived benefits outweigh the costs. More job opportunity heightens the opportunity cost of enrollment, hence lowering the probability of enrollment. After running a probit model, there is evidence that enrollment is countercyclical and that enrollment decisions do not vary significantly between men and women. I find that a 1 percent ...


Impact Of Unemployment Insurance Benefit Generosity On Re-Employment Wages During The Great Recession, Hayden Cobb 2021 The University of Akron

Impact Of Unemployment Insurance Benefit Generosity On Re-Employment Wages During The Great Recession, Hayden Cobb

Williams Honors College, Honors Research Projects

This paper examines the impact of the replacement ratio on re-employment wages during the great recession. This is done using a data set from IPUMS CPS displaced workers supplement between 2005 and 2012. Using OLS analysis, I estimated the impacts of the replacement ratio on the ratio of re-employment wages to pre-unemployment wages. I found that a replacement ratio of one would lead to a 77.6% increase in the ratio of re-employment wages to pre-unemployment wages, without the consideration of any other variables. The findings of the replacement ratio support economic theory and contradict the findings of some major ...


We Can Use Machine Learning To Determine Which Financial Ratios Are Best For Investors, Collin Butterfield 2020 Utah State University

We Can Use Machine Learning To Determine Which Financial Ratios Are Best For Investors, Collin Butterfield

All Graduate Plan B and other Reports

This study develops and tests the hypothesis that the machine learning algorithm, Random Forests, can be used to systematically pick financial ratios that would be best for indicating market trends and be used subsequently to perform comparable analysis to speculate whether a firm is over- or under-valued. Results show that financial ratio selection differs depending on the market sector to which a firm pertains. We examine the 11 financial sectors representing the key areas of the economy. We also look at four possible trading strategies that an investor could have: month-long, quarter-long, semi-annual, and annual to capture differing trading horizons.


An Economic Comparison Of Two Leading Aquaponic Technologies Using Cost Benefit Analysis: The Coupled And Decoupled Systems, Grace M. Gibbons 2020 Utah State University

An Economic Comparison Of Two Leading Aquaponic Technologies Using Cost Benefit Analysis: The Coupled And Decoupled Systems, Grace M. Gibbons

All Graduate Theses and Dissertations

Aquaponics is an agricultural production practice which combines aquaculture, the raising of fish, and hydroponics, a soil-less crop production method, to create a system that symbiotically produces both. Compared to conventional open-field agriculture, this practice is highly resource efficient in terms of water and land usage, but has yet to be widely adopted due to a lack of research regarding its economic feasibility. This study compares the two most economically promising aquaponic system designs to determine which would be more profitable at the intermediate-commercial scale. The first of these is the coupled system which continuously circulates water in a closed ...


Principles Of Macroeconomics, Ernesto Garcia III 2020 CUNY City College

Principles Of Macroeconomics, Ernesto Garcia Iii

Open Educational Resources

No abstract provided.


Essays In Macroeconomics Of Emerging Markets, Miguel Acosta Henao 2020 The Graduate Center, City University of New York

Essays In Macroeconomics Of Emerging Markets, Miguel Acosta Henao

All Dissertations, Theses, and Capstone Projects

Chapter 1. Law enforcement and the size of the informal sector.

I assemble new cross-country evidence showing that contrary to the standard view, the relationship between the size of the informal sector and tax rates is, at best, ambiguous. Law enforcement and informality also show no clear relation. Motivated by these findings, I augment a standard two-sector (formal and informal) small open economy model with endogenous law enforcement that depends on the size of the informal sector (measured by its assets) and government expenditure. I use a micro-dataset from Colombia to show that both taxes and law enforcement are necessary ...


Essays In Retirement Economics, Gunnar Poppe Yanez 2020 The Graduate Center, City University of New York

Essays In Retirement Economics, Gunnar Poppe Yanez

All Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters.

Chapter 1

The discrepancy between the high demand for annuities predicted by economic theory and the empirical low holdings of these assets, known as the annuity puzzle, is still not completely understood in economic studies of retirement finance. This paper assesses the effect of individuals' mortality risk learning process on annuitization. I isolate this effect by building a life-cycle model in which individuals have imperfect information of their true survival probability distribution, and therefore have to update their beliefs about it in a Bayesian manner. Using data on subjective mortality by the Health and ...


Deviance Information Criterion For Latent Variable Models And Misspecified Models, Yong LI, Jun YU, Tao ZENG 2020 Singapore Management University

Deviance Information Criterion For Latent Variable Models And Misspecified Models, Yong Li, Jun Yu, Tao Zeng

Research Collection School Of Economics

Deviance information criterion (DIC) has been widely used for Bayesian model comparison, especially after Markov chain Monte Carlo (MCMC) is used to estimate candidate models. This paper first studies the problem of using DIC to compare latent variable models when DIC is calculated from the conditional likelihood. In particular, it is shown that the conditional likelihood approach undermines theoretical underpinnings of DIC. A new version of DIC, namely DICL, is proposed to compare latent variable models. The large sample properties of DICL are studied. A frequentist justification of DICL is provided. Like AIC, DICL provides an asymptotically unbiased estimator to ...


Red Sea, White Tides, And Blue Horizons, John P. Devine 2020 The Graduate Center, City University of New York

Red Sea, White Tides, And Blue Horizons, John P. Devine

All Dissertations, Theses, and Capstone Projects

Eric Hobsbawm, in his effort to explain the fundamental divide which produced the Second World War, convincingly argues that “the crucial lines in this civil war were not drawn between capitalism as such and communist social revolution, but between ideological families: on the one hand the descendants of the eighteenth-century Enlightenment and the great revolutions including, obviously the Russian revolution’, on the other hand, its opponents.” This thesis argues that the American Civil War was a “great revolution” that represented a crucial transformative point in the formation of these two waring factions. The struggle was especially influential on the theory ...


Essays In Financial Economics And Applied Macroeconomics, Marius Mihai 2020 The Graduate Center, City University of New York

Essays In Financial Economics And Applied Macroeconomics, Marius Mihai

All Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics in finance and macroeconomics.

Chapter 1 - Do Credit Booms Predict U.S. Recessions?

This paper investigates the role of bank credit in predicting U.S. recessions since the 1960s in the context of a bivariate probit model. A set of results emerge. First, credit booms are shown to have strong positive effects in predicting declines in the business cycle at horizons ranging from six to nine months. Second, by isolating the effect of credit booms, I identify their contributions to recession probabilities which range between three and four percentage points at ...


Reclaiming Indiana: The Politics Of Crisis Amid The Failures Of Liberal Capitalist Modernity, Chris Grove 2020 The Graduate Center, City University of New York

Reclaiming Indiana: The Politics Of Crisis Amid The Failures Of Liberal Capitalist Modernity, Chris Grove

All Dissertations, Theses, and Capstone Projects

This ethnography examines grassroots political responses to the economic crisis that began in 2008, foremost in the US Midwest, which arguably laid the groundwork both for the election of President Donald Trump and presidential candidacy of Senator Bernie Sanders. President Obama launched his $787 billion stimulus plan in Elkhart, Indiana, in early 2009. At the height of the crisis, unemployment skyrocketed from four to 20 percent in Elkhart, and it became central to struggles over the political direction of the US. With few safety nets, Elkhart residents struggled to meet their basic needs, creating conditions for political organizing on both ...


Identifying Latent Grouped Patterns In Cointegrated Panels, Wenxin HUANG, Sainan JIN, Liangjun SU 2020 Singapore Management University

Identifying Latent Grouped Patterns In Cointegrated Panels, Wenxin Huang, Sainan Jin, Liangjun Su

Research Collection School Of Economics

We consider a panel cointegration model with latent group structures that allows for heterogeneous long-run relationships across groups. We extend Su, Shi, and Phillips (2016, Econometrica 84(6), 2215-2264) classifier-Lasso (C-Lasso) method to the nonstationary panels and allow for the presence of endogeneity in both the stationary and nonstationary regressors in the model. In addition, we allow the dimension of the stationary regressors to diverge with the sample size. We show that we can identify the individuals' group membership and estimate the group-specific long-run cointegrated relationships simultaneously. We demonstrate the desirable property of uniform classification consistency and the oracle properties ...


The Economic Implications Of Eliminating Coal Subsidies In G7 Countries, Rachel M. Kim, Pradnaya S. Pathak 2020 University of Toronto Schools

The Economic Implications Of Eliminating Coal Subsidies In G7 Countries, Rachel M. Kim, Pradnaya S. Pathak

Undergraduate Economic Review

This paper analyzes the economic implications of eliminating coal subsidies in G7 countries (Canada, France, Germany, Italy, Japan, United Kingdom, United States) in light of the Paris Agreement and the 2009 commitment to addressing climate change. The study uses a computable general equilibrium (CGE) model and contains three different simulations: production subsidy removal, consumption subsidy removal, and both consumption and production subsidy removal in G7 nations. Three variables were analyzed: economic welfare, market price, and output quantity. The results obtained using the Global Trade Analysis Project (GTAP) indicate that coal price increases and output quantity decreases, while economic welfare varies.


Improving The Economy Of Local Communities Through Innovation Of The Potential Of Shariah-Based Natural Tourism In East Java, Maula Fadhilata Rahmatika, Agus Suman 2020 Brawijaya University, Indonesia

Improving The Economy Of Local Communities Through Innovation Of The Potential Of Shariah-Based Natural Tourism In East Java, Maula Fadhilata Rahmatika, Agus Suman

International Journal of Religious Tourism and Pilgrimage

An area will experience rapid progress if local government alongside the community is able to develop local potential with various innovations. This study aims to describe the potential of nature and innovation by the government alongside the community based on Shariah when creating tourism destinations with economic value. The research was conducted in the coastal environment of Santen Island of Banyuwangi district, East Java with a qualitative approach to the research and case study design. Data were collected through participatory observation, in-depth interviews, and document analysis. With interactive data analysis, it was found that the Shariah-based innovation conducted by the ...


Anchorite Sacred Caves In Serbia: Balancing Between Pilgrimage And Religious Tourism Development, Aleksandar Antić 2020 Faculty of Sciences, University of Novi Sad, Serbia

Anchorite Sacred Caves In Serbia: Balancing Between Pilgrimage And Religious Tourism Development, Aleksandar Antić

International Journal of Religious Tourism and Pilgrimage

Serbia is a country with diverse karst terrain, full of various surface and underground karst formations. This terrain is one of the factors that influenced the development of cultures and civilizations in this area. Many archaeological findings indicate that prehistoric people found refuge, safety and peace in many caves in present-day Serbia. The natural environment has also influenced many spiritual endeavours, which have shaped cultural identities throughout history. In this study, Orthodox anchorite sacred caves in Serbia are explored, as well as their related pilgrimage activities and potential for religious tourism development. For the purpose of this research, three pilgrimage ...


Irving Fisher, The Debt-Deflation Theory, And The Crisis Of 2008-2009, Zacharie Quiviger 2020 McGill University

Irving Fisher, The Debt-Deflation Theory, And The Crisis Of 2008-2009, Zacharie Quiviger

Undergraduate Economic Review

Irving Fisher’s 1932 Booms and Depressions presents a fully specified, nine-pronged model of financial crises that has been widely forgotten by modern macroeconomists. This article builds on the renewed interest in Fisher’s Debt-Deflation Theory to explore its pertinence to the Great Recession. By parsing through macroeconomic data from the 2000s, it finds evidence of debt-deflation spiraling and of the nine Fisherian “main factors” co-varying as the author had predicted during the 2008-2009 financial crisis. The article concludes in assessing the uses of Fisher’s work in current macroeconomics and in arguing for a greater consideration of its insights.


Disamenity Or A Signal Of Competence? The Empirical Political Economy Of Local Road Maintenance, Benjamin Blemings, Margaret Bock 2020 West Virginia University

Disamenity Or A Signal Of Competence? The Empirical Political Economy Of Local Road Maintenance, Benjamin Blemings, Margaret Bock

Economics Faculty Working Papers Series

Empirical results find different conclusions than theoretical evidence of how electorates perceive road work. This paper uses a geographically smaller unit of analysis than prior work, political alignment, local election cycles, and difference-in-differences. It finds political distortions in invasive road maintenance timing and rules out maintenance seasonality. Spatial discontinuity plots leveraging ward boundary cutoffs confirm the shift. Results identify new public distortions to road maintenance, local election cycles, which are widespread and frequent. The estimates are used to calculate financial costs of local elections on road maintenance. Local elections have cost medium-large U.S. cities over $185.5 million from ...


The Heterogeneous Labor Market Impacts Of The Covid-19 Pandemic, Guido Matias Cortes, Eliza C. Forsythe 2020 York University

The Heterogeneous Labor Market Impacts Of The Covid-19 Pandemic, Guido Matias Cortes, Eliza C. Forsythe

Upjohn Institute Working Papers

We study the distributional consequences of the Covid-19 pandemic’s impacts on employment. Using CPS data on stocks and flows, we show that the pandemic has exacerbated pre-existing inequalities. Although employment losses have been widespread, they have been substantially larger in lower-paying occupations and industries. Individuals from disadvantaged groups, such as Hispanics, younger workers, those with lower levels of education, and women, have suffered both larger increases in job losses and larger decreases in hiring rates. Occupational and industry affiliation can explain only part of the increased job losses among these groups.


The Ignatian Leader As Global Citizen, Jennifer Tilghman-Havens 2020 Seattle University and Gonzaga University

The Ignatian Leader As Global Citizen, Jennifer Tilghman-Havens

Jesuit Higher Education: A Journal

This article highlights the various elements of the Ignatian worldview, as outlined by Superior General Peter-Hans Kolvenbach in his 1989 address. Drawing upon contemporary social science theorists, it illustrates the relevance of his remarks for today’s Jesuit institutions of higher education, especially as they undertake a critical consideration of race, gender and class in shaping Ignatian leaders for a more just, humane and sustainable world.


The Impact Of The Covid-19 Crisis On Nebraska's Ethanol Industry, John C. Beghin, Sushant Timalsina 2020 University of Nebraska-Lincoln

The Impact Of The Covid-19 Crisis On Nebraska's Ethanol Industry, John C. Beghin, Sushant Timalsina

Cornhusker Economics

This article looks at the impact of the pandemic crisis on Nebraska’s ethanol industry. We trace the changes in return margins since the last quarter of 2019 to early May of this year and show the deterioration of these margins and the resulting reduced returns, gross revenues and production reduction induced by the low returns.


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