An Examination Of The Stock Market's Effect On Economic Inequality, 2019 The University of Akron
An Examination Of The Stock Market's Effect On Economic Inequality, Nicholas Golina
Honors Research Projects
The economic literature on economic inequality has shown that it can negatively impact aggregate demand because it indicates a higher concentration of wealth in the hands of the top 10% as opposed to the poor and middle class, who are more likely to consume. The literature has identified many factors that can lead to increasing inequality. The stock market could be one of those factors since it can either create an upward redistributive effect towards the top 10% or redistributive effect towards the middle class. This paper tested the effect of the stock market on inequality. This study contributes to ...
Corporate Social Responsibility And Financial Performance: An Examination Of The Dow Jones Sustainability North American Index, Elizabeth A. Fides
Applied Economics Theses
This thesis explores the topic of corporate social responsibility (CSR) and the relationship between CSR and corporate profitability. This thesis includes a literature review which traces the history of CSR from 1920s through current theoretical positions. The thesis then examines the relationship between financial gain and CSR as defined by the sustainability parameters set by the Dow Jones Sustainability Index North America. Results from analysis performed show that corporations which practice CSR may benefit from increased stability compared to other index performance criteria, but improved financial performance as measured by stock price is inconclusive.
An Economics Primer For Cyber Security Analysts, 2018 Texas Christian University
An Economics Primer For Cyber Security Analysts, John T. Harvey
Military Cyber Affairs
One of the ingredients necessary to an understanding of the impact of cyber attacks is a reliable model of the economy. We face great challenges in trying to protect an already potentially unstable system from cyber aggression and operating with a flawed understanding of the determinants of output, employment, asset prices, et cetera, surely condemns us to failure. This is so not only because we need to know where points of leverage might exist for bad actors to disrupt and disable our system, but because policy recommendations may face significant push back from both selected scholars and powerful vested interests ...
How To Create Conducive Institutions To Enable Agricultural Mechanization: A Comparative Historical Study From The United States And Germany, Thomas Daum, Wallace E. Huffman, Regina Birner
Economics Working Papers
Agricultural mechanization is now high on the policy agenda of many developing countries. History has shown that successful mechanization depends on an enabling environment providing various supporting functions, for example, knowledge and skills development and quality assurance. This paper analyses how this enabling environment was created during the mechanization history of two today’s mechanized countries, the United States and Germany, thereby distilling lessons for today’s mechanizing countries. The paper highlights the different roles played by government agencies (public sector), manufacturers of agricultural machinery (private sector) and farmers’ organizations (third sector) for the creation of this enabling environment. The ...
The Economic Impacts Of A U.S. Withdrawal From Nafta: A Cge Analysis, 2018 University of Toronto Schools
The Economic Impacts Of A U.S. Withdrawal From Nafta: A Cge Analysis, Jonathan Liu
Undergraduate Economic Review
The aim of this study is to examine the economic impacts of a U.S. withdrawal from the North American Free Trade Agreement (NAFTA) on Canada, Mexico and the United States. The shocks simulate scenarios in which the U.S instates penalizing tariff rates on NAFTA countries, a trade war between NAFTA members and a tariff reset to the WTO MFN rates. The effects of these tariff structures are analyzed under the framework of a computable general equilibrium (CGE) model with a focus on macroeconomic variables and welfare. The findings show that, in all iterations, Mexico’s economy takes a ...
Patriarchal Norms, Bargaining, And Gendered Attitudes On Intimate Partner Violence, 2018 The University of San Francisco
Patriarchal Norms, Bargaining, And Gendered Attitudes On Intimate Partner Violence, Anna Eckenrode
How do the underlying mechanisms of social norms and bargaining power relate to the acceptance of intimate partner violence within households? How do short run and long run determinants of gender norms affect attitudes toward IPV? This study begins to decompose the dynamics of the acceptance of IPV within couples using data from the Demographic Health Survey, as well as examine the relationship in the context of patriarchal societies using data from the Ethnographic Atlas. I find that females are more accepting than males of intimate partner violence, and females becoming more educated is associated with her being less accepting ...
Does Debt Matter?, 2018 State University of New York College at Buffalo - Buffalo State College
Does Debt Matter?, Luhan Li
Applied Economics Theses
National debt is a popular topic, since people have a lot of different views on national debt. For example, many people think that there is a positive relationship between national debt and GDP per capita. In other words, the national debt has also increased with the growth of GDP per capita. However, some people feel that there is an inverse relationship between them, so much so that the topic has been discussed. Based on my interest in this topic, I decided to discuss this question. This paper will discuss their influence and importance by analyzing national debt, GDP per capita ...
Cryptocurrencies As An Alternative To Fiat Monetary Systems, 2018 State University of New York College at Buffalo - Buffalo State College
Cryptocurrencies As An Alternative To Fiat Monetary Systems, David A. Georgeson
Applied Economics Theses
The recent popularity of cryptocurrencies is largely associated with a particular application referred to as Bitcoin. Cryptocurrency has a mix of properties that make it difficult to examine. These properties consist of being infinitely divisible, durable, transferable, fungible and can be controlled to be artificially scarce. Further, cryptocurrencies can act as a means of payment, a medium of exchange, a store of value, and a unit of account. This thesis will analyze the technical features underlying cryptocurrencies and find out whether or not they can function as an alternative to fiat money. Since Bitcoin is the most commonly understood application ...
Of China, India And A Tempered Global Economic Outlook, 2018 Singapore Management University
Of China, India And A Tempered Global Economic Outlook, Simon Baptist, Alvin Lee
Asian Management Insights
Global Chief Economist of The Economist Intelligence Unit, Simon Baptist, discusses trends that are likely to shape the future global economic outlook, in this interview with Alvin Lee.
Public Principles And Economic Legacy, 2018 Cedarville University
Public Principles And Economic Legacy, Stanley Schwartz
Channels: Where Disciplines Meet
2018 will mark the 60th anniversary of the publication of Public Principles of Public Debt. The Nobel-prize winning economist’s first book conflicted with the Keynesian orthodoxy of the day, and added fresh ideas to an ongoing debate over the fundamentals of public debt theory. This paper seeks to outline the dialogue among leading economists surrounding public debt since the publication of Public Principles of Public Debt, examining the major schools of thought and their development. The ideas of John Maynard Keynes, James Buchanan, and Richard Barro will receive attention, without neglecting other significant contributions. The paper will conclude ...
The Rise And Fall Of The Stock Market: A Look At Financial Professionals Suicide Ideation, 2018 Brigham Young University
The Rise And Fall Of The Stock Market: A Look At Financial Professionals Suicide Ideation, Jefferson Mcclain
Undergraduate Honors Theses
On October 24, 1929, the United States stock market crashed. Will Rogers, a local newspaper writer, said of that experience, “When Wall Street took that tail spin, you had to stand in line to get a window to jump out of, and spectators were selling space for bodies in the East River” (Lowenthal 1987). Tales of ruined stockbrokers jumping from the windows of tall buildings ran across the country. These stories have prompted interest in the interaction between workplace environment and mental health. In this study, we looked at the relationship between stock market performance and suicide ideation for working ...
Impulsive Behavior In Competition: Testing Theories Of Overbidding In Rent-Seeking Contests, 2018 Chapman University
Impulsive Behavior In Competition: Testing Theories Of Overbidding In Rent-Seeking Contests, Roman M. Sheremeta
ESI Working Papers
Contests are commonly used in the workplace to motivate workers, determine promotion, and assign bonuses. Although contests can be very effective at eliciting high effort, they can also lead to inefficient effort expenditure (overbidding). Researchers have proposed various theories to explain overbidding in contents, including mistakes, systematic biases, the utility of winning, and relative payoff maximization. Using an eight-part experiment, we test and find significant support for the existing theories. Also, we discover some new explanations based on cognitive ability and impulsive behavior. Out of all explanations examined, we find that impulsivity is the most important factor explaining overbidding in ...
Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, 2018 University of Missouri, St. Louis
Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, Kyle Whitworth
The European Union has been one of the greatest accomplishments of modern history. Through economic and political integration has ended centuries of warfare on the continent while producing the worlds largest trading bloc. Despite the initial success of the monetary union and its single currency, the Union has been bogged down economic troubles in the form of a debt crisis among several of the member states. The recovery period of the crisis has produced growth that is slow and uneven. Countries such as Germany has assumed the role of the economic powerhouse of Europe and therefore a political leader in ...
Cooler Heads Prevail: An Experimental Study On The “Cooling” Effect Of The Strategy Method On Agent Resentment, Jing L. Davis
Economics Faculty Articles and Research
This study investigates whether agents’ resentment of controls in a gift-exchange game can be effectively mitigated using the strategy method where agents’ effort choices are elicited contingent on all possible contract choices by principals. The results suggest that allowing agents to contemplate contract choices prospectively results in less resentment and that agents exert higher effort than without this “cooling” process.
Monetary Policy At The Zero Lower Bound: Implications Of High Costs Of Credit During A Recession, 2018 Trinity College, Hartford Connecticut
Monetary Policy At The Zero Lower Bound: Implications Of High Costs Of Credit During A Recession, Louisa Kammerer
Senior Theses and Projects
This paper examines the challenges policymaker (and firms) encounter when confronted by a recession at the zero lower bound, when traditional monetary policy is ineffective in the face of deteriorated balance sheets and high costs of credit. Within the larger body of literature, this paper focuses on the cost of credit during a recession, which constrains smaller firms from borrowing and investing, thus magnifying the contraction. Extending and revising a model originally developed by Walker (2010) and estimated by Pandey and Ramirez (2012), this study uses a Vector Error Correction Model to analyze the effects of relevant economic and financial ...
Engaging America: Unearthing The Middle Way In The Conflict Between Liberals And Conservatives, 2018 SIT Graduate Institute
Engaging America: Unearthing The Middle Way In The Conflict Between Liberals And Conservatives, Noah Cadet
Liberals and conservatives have waged conflict over development strategies since the founding of the United States of America. Observers of the 2016 Presidential Election may have noticed an escalation of a preexisting trend of destructive engagement between Democrats and Republicans. The researcher pursued primary and secondary research in an attempt to understand how conflict within and between development paradigms in the United States can be transcended. The central research question was regarding how this conflict affects efforts towards peacebuilding at the grassroots from the perspective of a liberal. The literature review provides a brief histories of US American Political Economy ...
Braided Cobwebs: Cautionary Tales For Dynamic Retail Pricing In End-To-End Power Systems, 2018 Siemans Industry, Mpls
Braided Cobwebs: Cautionary Tales For Dynamic Retail Pricing In End-To-End Power Systems, Auswin George Thomas, Leigh Tesfatsion
Economics Working Papers
This study investigates the effects of dynamic-price retail contracting on end-to-end power system operations. Performance is evaluated by means of carefully defined metrics for system stability, market efficiency, and market participant welfare. The study is carried out for an Integrated Retail and Wholesale (IRW) Test Case for which households have smart (price-responsive) air-conditioning (A/C) systems. A simplified version of the IRW Test Case with a directly postulated linear household demand curve is first used to derive, analytically, a set of necessary and sufficient conditions for system stability under dynamic-price retail contracting. A key finding is that dynamicprice retail contracts ...
A Review Of Feminist Perspectives On Class And Work, 2018 University of Redlands
A Review Of Feminist Perspectives On Class And Work, Olivia Aguilar
the Women, Gender, and Sexuality Studies Student Conference
No abstract provided.
Transactive Energy Design For Integrated Transmission And Distribution Systems, 2018 Iowa State University
Transactive Energy Design For Integrated Transmission And Distribution Systems, Hieu Trung Nguyen, Swathi Battula, Rohit Reddy Takkala, Zhaoyu Wang, Leigh Tesfatsion
Economics Working Papers
The increasing deployment of distributed energy resources (DERs) is disrupting every aspect of power system operations, from retail distribution to wholesale production and transmission. This paper reports on the development of an agentbased test system enabling the study of new transactive energy system (TES) designs to ensure the reliable efficient operation of integrated transmission and distribution (ITD) systems with growing DER penetration. This ITD test system is used to explore the ability of a non-profit Distribution System Operator (DSO), participating within an ITD system, to use an innovative TES design to manage the power usage of DER devices in accordance ...
Minimum Wages And Occupational Skills Acquired During High School, 2018 Federal Reserve Bank of Dallas
Minimum Wages And Occupational Skills Acquired During High School, Benjamin Meier, Kyrstin Shadle, Brent E. Kreider, Peter F. Orazem
Economics Working Papers
The National Longitudinal Survey of Youth 1997 Geocode sample and the O*NET Occupational Database are used to generate estimates of skills acquired on jobs held by youth during high school. The types of jobs firms offer high school students change with the minimum wage. Jobs offered in high minimum wage states involve less skill acquisition. These same skills are shown to be important for income, employment and occupational skills later in life. Additional schooling substitutes for job skills acquired in high school, implying lost on-the-job training in high school is most costly for youth who do not go to ...