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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 ...


Teacher Interpretations Of Moneyskill®, Thomas Lucey, Elizabeth White, Aline André 2018 Illinois State University

Teacher Interpretations Of Moneyskill®, Thomas Lucey, Elizabeth White, Aline André

The Councilor: A Journal of the Social Studies

While much scholarship concerns the efforts to teach children and youth about personal finances, much less, if any, research concerns efforts of practicing teachers to evaluate and interpret financial curricula for schools. This paper conveys the results of a research study that interpreted teachers’ responses the high school modules associated with the Moneyskill® online education program. A convenience sample of teachers enrolled in a graduate level diversity course as a large teacher education institution in the Midwest completed assigned MoneySKILL modules and participated in group online reflections. Participants in the study interpreted the content as appropriate and relevant. They also ...


Review Of "Innovations In Economic Education: Promising Practices For Teachers And Students, K-16", Stephen H. Day 2018 Virginia Commonwealth University

Review Of "Innovations In Economic Education: Promising Practices For Teachers And Students, K-16", Stephen H. Day

The Councilor: A Journal of the Social Studies

No abstract provided.


Curriculum Review: The Understanding Fiscal Responsibility Lesson Materials, Scott W. DeWitt, Nick Dilley 2018 Knox College

Curriculum Review: The Understanding Fiscal Responsibility Lesson Materials, Scott W. Dewitt, Nick Dilley

The Councilor: A Journal of the Social Studies

No abstract provided.


We Shall See: Critical Theory And Structural Inequality In Economics, Neil Graham Shanks 2018 University of Texas at Austin

We Shall See: Critical Theory And Structural Inequality In Economics, Neil Graham Shanks

The Councilor: A Journal of the Social Studies

This paper seeks to provide educators with a critique of dominant narratives through the disciplinary tools of economics. Specifically; issues of race, gender, and geography are addressed via the common economic subjects of fiscal and monetary policy, economic indicators, wages, and economic growth. By providing a practical blueprint for a more critical curriculum in economics, these lessons and the literature that supports them demonstrates the potential of teachers to challenge taken-for-granted notions of what economics is and what it is for.


Teaching Unemployment Across The Curriculum, Natalia Smirnova 2018 American Institute for Economic Research

Teaching Unemployment Across The Curriculum, Natalia Smirnova

The Councilor: A Journal of the Social Studies

The Economics-Across-the-Curriculum approach encourages the integration of economic concepts into various disciplines. This paper describes several creative lesson ideas about teaching Unemployment which were field-tested by high-school teachers who attended a multi-day workshop at a not-for-profit institution in Massachusetts. We hope that these ideas will inspire high school teachers to try them in their classrooms. Any subject area can be a fruitful ground for the infusion of economics, economic text analyses, or quantitative literacy concepts.


Noodlenomics: Using Pool Noodles To Teach Supply And Demand, Jennifer Leigh Logan, Marsha Clayton 2018 Southern Arkansas University

Noodlenomics: Using Pool Noodles To Teach Supply And Demand, Jennifer Leigh Logan, Marsha Clayton

The Councilor: A Journal of the Social Studies

Supply and demand is a fundamental part of economics at the junior high school, high school and college level. Although it is very important for students to understand and apply this analytical tool, many are turned off by the graph as well as the labels needed. This paper offers techniques for making supply and demand easier for students to comprehend. The classroom activities are mainly designed for teachers of middle school and high school economics, but can also be used as a fun and easy introduction to the concept in a college classroom as well.


Review Of "The Roman Guide To Save Management: A Treatise By Nobleman Marcus Sidonius Falx", Allison Thomason 2018 Southern Illinois University Edwardsville

Review Of "The Roman Guide To Save Management: A Treatise By Nobleman Marcus Sidonius Falx", Allison Thomason

The Councilor: A Journal of the Social Studies

No abstract provided.


Introduction To The Special Issue Of The Councilor On Economic Education, Mary Beth Henning 2018 Northern Illinois University

Introduction To The Special Issue Of The Councilor On Economic Education, Mary Beth Henning

The Councilor: A Journal of the Social Studies

Written by the guest editor, Mary Beth Henning, this is the introduction to the special issue of The Councilor focused on economic education.


Causes, Effects, And Possible Solutions To Blood Feuding In Albania, Gabe Cyrus, Kelly Fischer, Jessica Stricker, Abigail O'Neel, Celeste Davis 2018 Cedarville University

Causes, Effects, And Possible Solutions To Blood Feuding In Albania, Gabe Cyrus, Kelly Fischer, Jessica Stricker, Abigail O'Neel, Celeste Davis

The Research and Scholarship Symposium

The goal of this presentation is to inform the audience about the causes, effects, and possible solutions of blood feuding in Albania, which has resulted in the deaths of approximately 12,100 people since 1991. Albania contains one of the few remaining cultures that is still partaking in blood feuding. Blood feuding began in the 1600s and resumed after the fall of communism in the absence of a strong governing body. The Kanun sets forth the rules of blood feuding, but they are not always followed as they were intended. Cultural values influence the course of blood feuding and make ...


Effectiveness Of Different Regime Types In Preserving Common Resources: Evidence From A Lab Experiment, David Bates 2018 Brigham Young University

Effectiveness Of Different Regime Types In Preserving Common Resources: Evidence From A Lab Experiment, David Bates

Undergraduate Honors Theses

This experiment is based on a game-theoretic problem that has troubled the field of political economy since people first started grazing cows in pastures: how can economies best solve collective action problems? This experiment looks at one aspect of this question—types of governance. Are different styles of government (democracies, dictatorships, etc) more or less likely to prevent a common-pool resource (as these goods are called by Elinor Ostrom) from being depleted? Or is the style of governance irrelevant to the question of whether a CPR (common-pool resource) is sustained?

The problem of CPRs (common pool resources) is much the ...


The Impact Of Gap Years On Academic Outcomes For Women: A Case Study From The Missionary Age Change, Margaret Marchant 2018 Brigham Young University

The Impact Of Gap Years On Academic Outcomes For Women: A Case Study From The Missionary Age Change, Margaret Marchant

Undergraduate Honors Theses

Young adults throughout the United States and other countries participate in “gap years,” or time away from school, often for travel, work, or volunteering. This practice is promoted as a way to mature and refocus. However, some worry that it lowers the likelihood of college completion. Previous literature has investigated the academic, social, and personal benefits of gap years with mixed results; however selection into gap years confounds the true impact with unobservable personal characteristics. To overcome selection issues, I exploit an exogenous policy change that lowered age requirements for missionary service, a unique type of gap year, resulting in ...


Cooler Heads Prevail: An Experimental Study On The “Cooling” Effect Of The Strategy Method On Agent Resentment, Jing L. Davis 2018 Chapman University

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.


Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank 2018 University of British Columbia

Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank

Undergraduate Economic Review

Does education expenditure promote long-run economic growth? Empirical evidence is inconclusive. This paper addresses the question of how education expenditure influences economic growth using a long run growth accounting model analyzing 179 countries from 1970 to 2014. Overall, the results indicate that education expenditure does positively affect growth. However, when the sample is split into different criteria based on economic prosperity of the countries in question, the results change. In non-oil countries education expenditure increases economic growth, in developing countries education expenditure has a negative impact and in OECD countries the impact is non-significant.


Understanding The Racial/Ethnic Gap In Bank Account Ownership Among Older Adults, Luisa Blanco, Marco Angrisani, Emma Aguila, Mei Leng 2018 Pepperdine University

Understanding The Racial/Ethnic Gap In Bank Account Ownership Among Older Adults, Luisa Blanco, Marco Angrisani, Emma Aguila, Mei Leng

School of Public Policy Working Papers

The observed racial/ethnic gap in bank account ownership among older adults is substantial. We investigate socio-economic, cognitive and cultural barriers underling it. As additional potential barriers are accounted for, the residual gaps in financial inclusion with respect to Whites is reduced by 19 percent for Blacks and 46 percent for Hispanics. We find that citizenship and “taste for privacy” play a limited role for both minority groups, while real asset ownership, health, cognitive ability and cultural hurdles contribute substantially to the gap. For Hispanics, language barriers explain most of the gap, while neighborhood-level socioeconomic characteristics are more salient for ...


Willingness To Pay Student Insurance As A Primary Plan Among Eastern Illinois University Students, George Anaman 2018 Eastern Illinois University

Willingness To Pay Student Insurance As A Primary Plan Among Eastern Illinois University Students, George Anaman

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

Selecting ideal health insurance coverage entails a trade-off between the gain from risk reduction and the deadweight loss from moral hazard (Manning and Marquis, 1996). This paper investigates students’ willingness to pay for student health insurance which will serve as a primary plan. Variables such as demographics, student insurance enrollment and coverage, student insurance utilization and satisfaction were used to assess students’ Willingness to pay for student insurance as a primary plan. Both qualitative and quantitative statistics were used to explain the willingness of students to pay for student insurance as a primary plan.


The Impact Of Real Interest Rate On Real Exchange Rate: Empirical Evidence From Japan, Tomiwa Shodipe 2018 Eastern Illinois University

The Impact Of Real Interest Rate On Real Exchange Rate: Empirical Evidence From Japan, Tomiwa Shodipe

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

This paper examines the impact of real interest rate on the real exchange rate in Japan using Two Stage Least Square econometric techniques. The two instruments used are money supply and gross domestic product growth rates. The result provides support for the theoretical and empirical evidences of positive relationship between real interest rate and real exchange rate in Japan. The estimation also shows that there is positive relation between trade and Japanese Yen over the period considered in the study. In light of these findings, the study suggests the adoption of fiscal macroeconomic policy instruments that are capable of ...


International Debt Impact On The Value Of South Korean Currency, Wonjin Song 2018 Eastern Illinois University

International Debt Impact On The Value Of South Korean Currency, Wonjin Song

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

This paper will analyze how international debt for South Korea affected the value of Korean currency from 1983 to 2014 by using the Ordinary Least Square model. The result is that international debt for South Korea had a clear influence on the value of Korean Won. The exchange rate of Korean currency per US dollar moves the same direction as amounts of international debt. In other words, as the Korean Won depreciates, more Won must be spent to purchase U.S dollars. That is, Korean currency depreciates when amounts of international debt increase. As the result, Korea has not ...


Looming Consumer Debt: A Comparison To The Great Recession, Andrew Jenks 2018 Grand Valley State University

Looming Consumer Debt: A Comparison To The Great Recession, Andrew Jenks

Honors Projects

A look into the current outstanding debt in the United States and comparison to conditions prior to the financial crisis of 2007-2008.


The Corporate Occupation Of The Final Frontier; Emerging Market Analysis Of Spacex And The Privatized Race To Space., Nicholas Herbert 2018 Grand Valley State University

The Corporate Occupation Of The Final Frontier; Emerging Market Analysis Of Spacex And The Privatized Race To Space., Nicholas Herbert

Honors Projects

This project is important to allow a full understanding of the current environment of the emerging market of space transport and travel. As we continue to move into a more technologically advanced society, we will no doubt have more contact with companies looking to profit from the race to deliver the promise of satellite space to companies all over the world in a more cost effective and powerful manner. To this end, Google and Facebook have already begun cooperation with private companies to propagate the space around our planet, and in addition, the investment and return basis of this work ...


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