Economics Commons^™

The Nebraska Economy Responds To The Covid-19 Pandemic, Eric Thompson

Business in Nebraska

The Nebraska economy will contract in 2020 but the rate of decline will not be as rapid as nationwide. The economic structure of Nebraska is more focused on production and transportation than the national economy and less focused on hard-hit industries such as hospitality, entertainment, automobile parts and assembly, and oil production. Nebraska also may benefit from a higher quality workforce, which is better able to adapt to changing economic conditions.

Employment will drop by 2.4% in Nebraska in 2020, much less than the national rate of decline. Employment will rebound by 2.0% in 2021 and 1.4% in 2022. With …

Recursive Preferences, The Value Of Life, And Household Finance, Antoine Bommier, Daniel Harenberg, François Le Grand, Cormac O'Dea

Cowles Foundation Discussion Papers

We analyze lifecycle saving strategies using a recursive utility model calibrated to match empirical estimates of the value of a statistical life. The novelty of our approach is that we require preferences to be monotone with respect to first order stochastic dominance. The framework we use can disentangle risk aversion and the intertemporal elasticity and can feature a positive value of life without placing constraints on the value of the risk aversion parameter or the intertemporal elasticity of substitution. We show that, with a positive value of life, risk aversion reduces savings, decreases stock market participation and decreases annuity purchase. …

Information Aggregation And The Cognitive Make-Up Of Traders, Brice Corgnet, Mark Desantis, David Porter

ESI Working Papers

We assess the effect of the cognitive make-up of traders on the informational efficiency of markets. We put forth that cognitive skills, such as cognitive reflection, are crucial for ensuring the informational efficiency of markets because they endow traders with the ability to infer others’ information from prices. Using laboratory experiments, we show that information aggregation is significantly enhanced when (i) all traders possess high levels of cognitive sophistication and (ii) this high level of cognitive sophistication is common information for all traders. Our findings shed light on the cognitive and informational constraints underlying the efficient market hypothesis.

Adolescent Mental Health In The Developing World: Three Economic Analyses On Stressors, Coping, And Support, Siobhan K. Yilmaz

Economics ETDs

Adolescents are slowly being recognized as a generation, worldwide, that may require different policy approaches to improve staggering statistics on their failing wellbeing, including mental health. By providing the support to allow the next generation to achieve better mental health outcomes, they are going to be more economically successful and the future economic growth of nations can be better assured. In face of such a need, this dissertation approaches the evaluation of a number of key stressors and elements of coping and support. Each chapter produces results which overcome limitations throughout existing literature in terms of the simultaneous consideration of …

Chaprates, Brinly Xavier, Micole Amanda Marietta, Nidhi Vedantam

Student Scholar Symposium Abstracts and Posters

On the Chapman campus, through taking and choosing various classes, there is a significant need for communication and feedback between students and peers, professors, tutors, and study groups. With this, we wanted to create an application that enables users from various majors to not only easily and effectively communicate with various people in their field, but one that also enables them to give and receive feedback on various classes through a rating system. We believe that the application will aid students in a myriad of specific ways, including being involved in study groups and getting tutoring help, determining which classes …

A Macroeconomic Investigation Of The Labor Market Matching Efficiency, Sarah M. Welch

Electronic Theses and Dissertations

The first section of this research explores how traditional measures of unemployment can mask important changes in the labor market across the business cycle. We therefore use broader definitions of unemployment to estimate time-varying job-matching efficiency rates that are consistent with vacancies and hiring activity data for the U.S. Our efficiency rates are then modeled along with employment data to study their dynamic, non-linear relationship. We find that including part-time workers for economic reasons as well as marginally attached workers helps explain the changes in employment patterns observed after the global financial crisis, emphasizing the importance of accounting for underemployment, …

Simulation Modeling Of Cross-Dock And Distribution Center Based Supply Chains, Ghewa Al Chall

Graduate Theses and Dissertations

Companies are implementing new strategies to meet the customer requirements in terms of quality, timing, and cost. One of these strategies is cross-docking, which can be defined as the process of consolidating the products coming from different suppliers, but having the same destination, with minimal handling and almost no storage between loading and unloading of the goods. The purpose of this research is to investigate the benefits of having a cross-docking facility in a supply chain. In this research, we focus on developing discrete event simulation models using the opensource Java Simulation Library (JSL). Also, we work on augmenting an …

Addressing Urban Income Inequality Through Education: A Case Study In Atlanta, Garrett Bronn

Finance Undergraduate Honors Theses

For decades, the income inequality gap between the rich and poor has continued to expand dramatically, with criticism of existing education systems often at the heart of the issue. Large urban cities are commonly at the forefront of the issue, given the plethora of teacher strikes in recent years. Events such as the 11-day Chicago teacher’s strike in October of 2019 that idled academics and college prep for 350,000 students, have highlighted many current education issues (Hauck, 2019). With underfunded and poorly equipped middle and high schools, students in poor and minority neighborhoods in cities are less prepared academically, ill …

Effects Of Parental Migration On Education And Personality: Evidence From Indonesia, Kyle Sullivan

Graduate Theses and Dissertations

In developing countries, migration can be an important method for many families and households to produce additional income via remittances in order to meet their needs or invest in their children. However, migration is a dynamic process and the absence of a parent can have negative effects on those children left behind. This paper explores how parental migration is associated with their children’s years of education completed and how these associations are heterogenous by family compositions in Indonesia. I use a longitudinal dataset which allows for parents’ migrations to be attributed throughout an individual’s childhood to measure the cumulative impact. …

A Review Of The Characteristics Of Super-Utilizers And Evidence-Based Approaches To Reduce Healthcare Utilization, Suswara Mandala Rayabandla

Capstone Experience

A significant fraction of health care resources in the United States of America is utilized by a comparatively small number of people. An examination of the attributes and patterns and associated evidence-based interventions for such high-utilizing patients might aid clinicians to improve interventions to address the distinctive needs of these patients, decrease their risks for numerous hospitalizations, and contribute to reducing the costs. This study aims at exploring the existing literature on the characteristics of super-utilizers and interventions to reduce avoidable use of health care among this population. The method used for this research is a comprehensive literature review. Search …

Detecting Latent Communities In Network Formation Models, Shujie Ma, Liangjun Su, Yichong Zhang

Research Collection School Of Economics

This paper proposes a logistic undirected network formation model which allows for assortative matching on observed individual characteristics and the presence of edge-wise fixed effects. We model the coefficients of observed characteristics to have a latent community structure and the edge-wise fixed effects to be of low rank. We propose a multi-step estimation procedure involving nuclear norm regularization, sample splitting, iterative logistic regression and spectral clustering to detect the latent communities. We show that the latent communities can be exactly recovered when the expected degree of the network is of order log n or higher, where n is the number …

From Fields To Factories: The Industrialization Of The United States’ Cattle Industry, Joseph Petersen

History | Senior Theses

This paper will look at the changes of the United States of America's cattle and beef industry from the 19th into the 21st century. It will also show how the industry has evolved into its current state and predict the changes to come. This paper will be evaluating how technology and equipment have changed the traditional farming and ranch lifestyles. While also breaking down the economies from pre-industrial times into modern day. This paper will also explore the effect that technology, equipment, ranching styles, labor and financial changes had on the cattle and beef industry. Finally, this paper will prove …

Does Proximity To Fast Food Cause Childhood Obesity? Evidence From Public Housing, Jeehee Han, Amy Ellen Schwartz, Brian Elbel

Center for Policy Research

We examine the causal link between proximity to fast food and the incidence of childhood obesity among low-income households in New York City. Using individual-level longitudinal data on students living in public housing linked to restaurant location data, we exploit the naturally occurring within-development variation in distance to fast food restaurants to estimate the impact of proximity on obesity. Since the assignment of households to specific buildings is based upon availability at the time of assignment to public housing, the distance between student residence and retail outlets—including fast food restaurants, wait-service restaurants, supermarkets, and corner stores—is plausibly random. Our credibly …

An Econometric Analysis Of Homelessness Risk-Factors, Zac Smith

Economics Undergraduate Honors Theses

This paper explores the issue of homelessness within the United States and seeks to create an econometric model that identifies predicting factors of homelessness at a state level which can be used to estimate the size of homeless populations. The author analyzed the role of 16 factors including income inequality, minimum wage, unemployment, rental cost, poverty, education, veteran status, and substance abuse on the 2017 state homeless populations. Using an ordinary least squares regression, the model produced five significant variables: adjusted minimum wage, percent of income spent on rent, possession of health insurance, average winter temperature, and the unemployment rate. …

Asset Price Volatility And Price Extrema, Carey Caginalp, Gunduz Caginalp

ESI Publications

The relationship between price volatility and expected price market extremum is examined using a fundamental economics model of supply and demand. By examining randomness through a microeconomic setting, we obtain the implications of randomness in the supply and demand, rather than assuming that price has randomness on an empirical basis. Within a general setting of changing fundamentals, the volatility is maximum when expected prices are changing most rapidly, with the maximum of volatility reached prior to the maximum of expected price. A key issue is that randomness arises from the supply and demand, and the variance in the stochastic differential …

Paternal Provisioning Results From Ecological Change, Ingela Alger, Paul L. Hooper, Donald Cox, Jonathan Stieglitz, Hillard S. Kaplan

ESI Publications

Paternal provisioning is ubiquitous in human subsistence societies and unique among apes. How could paternal provisioning have emerged from promiscuous or polygynous mating systems that characterize other apes? An anomalous provisioning male would encounter a social dilemma: Since this investment in prospective offspring can be expropriated by other males, this investment is unlikely to increase the provisioner’s fitness. We present an ecological theory of the evolution of human paternal investment. Ecological change favoring reliance on energetically rich, difficult-to-acquire resources increases payoffs to paternal provisioning due to female–male and/or male–male complementarities. Paternal provisioning becomes a viable reproductive strategy when complementarities are …

Rhode Island Current Conditions Index -- May 2020, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Utah County Level Drought Effect On Cattle Inventories 1981-2016, Fred Openshaw

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The Utah cattle industry generates 20.6% of sales value for the agricultural sector. As well, this industry encompasses about 34.4% of Utah farms. Besides these figures, Utah cattle ranchers depend heavily upon both public and private lands for grazing as a primary source of feed for their herds. The soil moisture levels of pasturelands impacts the forage yield for a particular year. As a result, the primary purpose of this research is to determine if drought impacts Utah county cattle inventory numbers and what the magnitude of the impact is by analyzing data from 1981 to 2016. A secondary purpose …

Abstention And Costly Information Acquisition In Elections, Jacob Meyer

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Voter turnout rates are low in the United States. Even among citizens who show up to the polls, many do not vote in every race on the ballot. This is especially true for low-profile elections, and races where political party is not on the ballot. Both low turn out and incomplete ballots could be caused by high costs of information. Voters and non-voters have time constraints that can prevent them from researching every candidate or proposition on the ballot. One proposed solution to increase citizen informedness is to make voting mandatory. Mandatory voting imposes a penalty (usually a fine) if …

Limits Of Growth: An Ecological Approach To Mainstream Economics, Jacob Cannon Alder

Undergraduate Honors Capstone Projects

Modern economists today rely on several fundamental assumptions in the same way physicists rely on laws governing energy and motion. Economists use growth—ideally unrestricted growth—as the key assumption upon which they build models and policy recommendations. The central economic theory explains that growth will enhance individual well-being over time. However, every known physical system has boundaries beyond which it will collapse, and the observed reality is that economic growth cannot be separated from physical resource consumption. As a result, many societies are overshooting physical, ecological boundaries. This project focuses on a few of the complexities generated by a growth-oriented economy …