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An Examination Of The Stock Market's Effect On Economic Inequality, Nicholas Golina 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 ...


Poverty In New York City: Consumption Expenditure As A Poverty Predictor, Michael Lomtevas 2018 CUNY Baruch College

Poverty In New York City: Consumption Expenditure As A Poverty Predictor, Michael Lomtevas

Student Theses

This thesis seeks to replicate the findings of a 2012 study published by Meyer and Sullivan in the Journal of Economic Perspectives using data provided by the Columbia University Longitudinal Wellness Survey. That study found that a poverty measure based on consumption predicted material hardship better than both the Official (OPM) and Supplemental Poverty Measures (SPM). This was found to be the case because a well-constructed consumption poverty measure (CPM) captures in-kind benefits that the OPM neglects. Such a measure also avoids issues inherent in the SPM that arise from respondents underreporting their income and includes the ability to consume ...


One Team: A Historical Analysis Of Inequalities Between Men's And Women's Professional Soccer, Allyson O. Braciska 2018 College of the Holy Cross

One Team: A Historical Analysis Of Inequalities Between Men's And Women's Professional Soccer, Allyson O. Braciska

Gender, Sexuality and Women's Studies Student Scholarship

The United States Soccer Federation (U.S.S.F.) governs the sport of soccer at the youth recreational, teen elite, and adult professional levels, and is one of the few organizations in the country that governs both the men’s and women’s sides of the respective sport. This paper examines differences between U.S. men's and women's soccer at the adult professional and identifies areas of discrimination based on gender. Inequalities experienced by women coaches and players include wage disparity, a lack of television broadcasting space, differences in sponsorships and media portrayal of players, unequal playing and ...


Speech Excerpts: Tax Cuts For Families And The Forgotten Middle Class, 2018 University of North Florida

Speech Excerpts: Tax Cuts For Families And The Forgotten Middle Class

Saffy Collection Textual

Excerpt from speeches by Governor Bill Clinton regarding his position on tax cuts for families and the middle class. Printed on Bill Clinton for President Committee letterhead. No date given. Box: 16 Folder: 3


Do State Marginal Tax Rates Lower State Labor Productivity?, Joseph E. McPhail, Peter F. Orazem, Rajesh Singh, Rick Stammer 2018 Federal Deposit Insurance Corporation

Do State Marginal Tax Rates Lower State Labor Productivity?, Joseph E. Mcphail, Peter F. Orazem, Rajesh Singh, Rick Stammer

Economics Working Papers

There are substantial differences in output per job across states that have persisted over time. This study demonstrates that in the context of a neoclassical growth model, differences in marginal tax rates on income from capital investment, capital ownership, and consumption will lead to persistent differences in labor productivity across states. Conversely, taxes on wages will not alter labor productivity. These theoretical predictions are supported by data on state marginal tax rates and output per job over the 1981- 2015 sample period. Over that period, the mix of state marginal tax rates lower labor productivity by an average of 15 ...


An Examination Of Sectoral Growth’S Impact On Income Inequality In The United States, Josh Paton 2018 Bryant University

An Examination Of Sectoral Growth’S Impact On Income Inequality In The United States, Josh Paton

Honors Projects in Economics

This paper is threefold in purpose; it aims to explore the relationship between the growth of manufacturing and service sectors and income inequality, determine if GDP growth helps reduce income inequality, and establish the existence of the Kuznets Curve from 1967-2017. The data supports an inverse relationship between growth in the manufacturing sector and income inequality however is not sufficient enough to conclude growth in the manufacturing sector impacts income inequality. Growth of GDP is shown to decrease income inequality which supports the notion that “a rising tide lifts all boats” and makes everyone better off than before. The positive ...


Urban Development In Hartford: Neoliberalism, Inequality, And Trinity College As An Anchor Institution, Eavan Flanagan 2018 Trinity College, Hartford Connecticut

Urban Development In Hartford: Neoliberalism, Inequality, And Trinity College As An Anchor Institution, Eavan Flanagan

Senior Theses and Projects

This thesis explores the ways in which neoliberal governance takes place in Hartford, CT, particularly as the city struggles to make ends meet. It looks at the Hartford's dependence on corporations, and its growing political and economic alignment with universities. This research examines the effects of urban renewal on the city, and how post-war policies and development shape the inequalities that exist in Hartford today. Lastly, this thesis examines the inequalities and spatial dynamics in Hartford's Southside neighborhood, Frog Hollow, and between Trinity College and Frog Hollow in particular.


Progressive Policy, Howard J. Sherman 2018 University of California, Los Angeles

Progressive Policy, Howard J. Sherman

HOWARD J SHERMAN

This article is based, with some improvements and updating, on chapter 15 of Howard Sherman and Paul Sherman, INEQUALITY, BOOM AND BUST: FROM BILLIONAIRE CAPITALISM TO EQUALITY AND FULL EMPLOYMENT (London and New York: Rutledge, 2018 - see book on this site to read chapter 1). There are two important findings about the United States (U.S.) economy from Sherman (2018). First, each expansion of capitalism during the business cycle causes increased income and wealth inequality. Second, rising inequality is the major cause of recessions, depressions, and unemployment.

The policy proposals in this article are based on those championed by Senator ...


Inequality, Boom, And Bust: From Billionaire Capitalism To Equality And Full Employment, Howard J. Sherman, Paul Sherman 2018 University of California, Los Angeles

Inequality, Boom, And Bust: From Billionaire Capitalism To Equality And Full Employment, Howard J. Sherman, Paul Sherman

HOWARD J SHERMAN

There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the wealth. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this. To explain inequality, conservative economists focus on individual characteristics such as intelligence and hard work. This book puts forward new evidence to show that changes in economic inequality are primarily ...


Inequality, Boom, And Bust: From Billionaire Capitalism To Equality And Full Employment, Howard J. Sherman, Paul Sherman 2018 University of California, Los Angeles

Inequality, Boom, And Bust: From Billionaire Capitalism To Equality And Full Employment, Howard J. Sherman, Paul Sherman

HOWARD J SHERMAN

There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the wealth. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this. To explain inequality, conservative economists focus on individual characteristics such as intelligence and hard work. This book puts forward new evidence to show that changes in economic inequality are primarily ...


Entrepreneurship Education Empowers Youth To Change Their Lives, Marianna Brashear, Jason Riddle 2018 Foundation for Economic Education

Entrepreneurship Education Empowers Youth To Change Their Lives, Marianna Brashear, Jason Riddle

National Youth-At-Risk Conference Savannah

The Foundation for Economic Education (FEE) aims at equipping Title 1 schools with free, hands-on, engaging materials that any teacher can facilitate either individually or in a classroom setting with no background in entrepreneurship necessary. These versatile lessons, courses, and workshops teach the entrepreneurial mindset optimizing opportunities for grades 8-12 students no matter which life/career path they choose.


Transactive Energy Design For Integrated Transmission And Distribution Systems, Hieu Trung Nguyen, Swathi Battula, Rohit Reddy Takkala, Zhaoyu Wang, Leigh Tesfatsion 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 ...


Antebellum Labor Markets, Joshua L. Rosenbloom 2018 Iowa State University

Antebellum Labor Markets, Joshua L. Rosenbloom

Economics Working Papers

The United States economy was transformed in the period between American independence and the beginning of the Civil War by rapid population growth, the development of manufacturing, the onset of modern economic growth, increasing urbanization, the rapid spread of settlement into the trans-Appalachian west, and the rise of European immigration. These years were also characterized by an increasing sectional conflict between free and slave states that culminated in 1861 in Southern secession from the Union and a bloody and destructive Civil War. Labor markets were central to each of these developments, directing the reallocation of labor between sectors and regions ...


The Colonial American Economy, Joshua L. Rosenbloom 2018 Iowa State University

The Colonial American Economy, Joshua L. Rosenbloom

Economics Working Papers

The first permanent British settlement in what became the United States was established in 1607, nearly 170 years prior to the American declaration of independence. This chapter examines the economic development of the British North American colonies that became the United States. As it describes, abundant natural resources and scarce labor and capital contributed to the remarkable growth in the size of the colonial economy, and allowed the free white colonial population to enjoy a relatively high standard of living. There was not, however, much improvement over time in living standards. Patterns of factor abundance also played an important role ...


The Heterogeneous Cyclicality Of Income And Wages Among The Distribution In The Uk, Maria Cervini, Antonia Lopez, José I. Silva 2018 Universitat de Girona

The Heterogeneous Cyclicality Of Income And Wages Among The Distribution In The Uk, Maria Cervini, Antonia Lopez, José I. Silva

José Ignacio Silva

We investigate the cyclicality of real hourly wages and income using individual data for the UK over the 1991-2013 period. By paying special attention to the heterogeneity among different earnings and income groups, we documentthat individuals at the top of the distribution are more cyclical than lower ones. We also show that real wages and income are roughly acyclical for low wage and income workers. In particular, we present evidence that the adjustment for low-paid workers takes place through transitions to and from unemployment.


Evaluating The Effects Of Nutritional Intake During Adolescence On Educational Attainment And Labor Market Earnings As An Adult, Mikaela Connell 2018 Claremont McKenna College

Evaluating The Effects Of Nutritional Intake During Adolescence On Educational Attainment And Labor Market Earnings As An Adult, Mikaela Connell

CMC Senior Theses

In this thesis, I analyze whether nutritional intake at the time of adolescence can impact academic attainment and earnings later on in life. Millions of children in the United States are living in food insecure households and do not have access to an adequate nutritious diet. Since adolescence is a time period of intense growth and development, it is essential to meet nutritional needs at this time. Using data from the Longitudinal Study of Adolescent to Adult Health (Add Health), I measure the nutrition of a nationally representative sample of youth in the United States through their daily food intake ...


A Theory Of Poverty: Legal Immobility, Sara Sternberg Greene 2018 Duke Law School

A Theory Of Poverty: Legal Immobility, Sara Sternberg Greene

Faculty Scholarship

The puzzle of why the cycle of poverty persists and upward class mobility is so difficult for the poor has long captivated scholars and the public alike. Yet with all of the attention that has been paid to poverty, the crucial role of the law, particularly state and local law, in perpetuating poverty is largely ignored. This Article offers a new theory of poverty, one that introduces the concept of legal immobility. Legal immobility considers the cumulative effects of state and local laws as a mechanism through which poverty is perpetuated and upward mobility is stunted. The Article provides an ...


A Multifaceted View Of Ceo Compensation And Performance: A Case Study, John Nirenberg 2018 Stamford International University

A Multifaceted View Of Ceo Compensation And Performance: A Case Study, John Nirenberg

Journal of Social Change

This case addresses CEO pay, a topic that annually stimulates the question of whether or not executive compensation is based on performance or something else and why it is so high in absolute terms. The societal impact of the new class of executives among the largest companies in the United States set apart from the rest of the world in a cocoon of wealth and privilege inflames resentment among workers, widens an already unfathomable distance between those at the top and the rest of us, and endangers the social amity among citizens of the polity . Positive social change might result ...


Do Social Values Trump Economics For Wealthy Voters: An Empirical Analysis Of "Trading And Voting", Michael C. Gurock 2018 University of Pennsylvania

Do Social Values Trump Economics For Wealthy Voters: An Empirical Analysis Of "Trading And Voting", Michael C. Gurock

Wharton Research Scholars

Yilmaz and Musto (2003) theorized that with access to equity markets and theoretical election-contingent securities, voters could financially hedge against the outcome of an election so that social values and ideology were the only factors determining their vote. Mattozzi (2008) found that creating a portfolio of such election-contingent securities was realistic. This paper examines if this may be happening in practice by creating an index of economic and social variables within congressional districts compared to the district’s vote for Trump in the election. Looking at wealthier districts where voters are more likely to have investments, I find that only ...


The Impact Of Culture On Hispanic Entrepreneurs As Mediated By Motivation, Challenge, And Success, Valerie V. Ballesteros 2017 University of the Incarnate Word

The Impact Of Culture On Hispanic Entrepreneurs As Mediated By Motivation, Challenge, And Success, Valerie V. Ballesteros

Theses & Dissertations

In the modern economic environment, demographic shifts in U.S. population resulting from changing immigration, changing economic policies and environments, and growing socioeconomic disparity, scholarly research examining the business behavior of specific groups and the impact of behavior on the broader marketplace is valuable and necessary. Hispanic entrepreneurs, when compared to both minority and non-minority business-owners, started and flourished in successful business ownership at a greater growth rate than any other group (Davila, Mora, & Zeitlin, 2014). Since the beginning of the 21st century, Hispanic entrepreneurs have become a measurable economic force. The cultural experience of the Hispanic entrepreneur is important ...


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