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Essays On Population And Housing Market In South Korea, Dahae Choo

Dissertations - ALL

This dissertation studies important social topics in South Korea. The first two chapters evaluate the effects of a pronatalist policy introduced by local governments in South Korea, a country with one of the lowest fertility rates worldwide. In the first chapter, possible selection into marriage is highlighted considering the low out-of-wedlock births in the country. Also, the policy effects are examined in two different dimensions: changes in the probability of having a child and the time-to-child delivery. The second chapter estimates two important key variables to address the effectiveness of this program. First is the unconditional distribution of the reservation …

The Need For Economic Diversification In The Oil-Dependent Nations Of Saudi Arabia, Uae, And Nigeria: Possible Pathways And Outcomes, Alia Alzubair

Senior Theses

Economic diversification is seen as a key to the political and economic survival of Saudi Arabia, the UAE, and Nigeria. Each nation is currently considered an oil-dependent country, meaning that the bulk of its income comes from oil. Since oil will soon be depleted and other countries are moving toward green technology, the demand for oil is expected to continue to drop. Hence, the need for diversification. This paper conducts a comparison of the key policies each country is attempting to implement to produce a diversified economy. The paper concludes that various factors will prevent each country from successfully diversifying …

Essays On Population And Housing Market In South Korea, Dahae Choo

Dissertations - ALL

This dissertation studies important social topics in South Korea. The first two chapters evaluate the effects of a pronatalist policy introduced by local governments in South Korea, a country with one of the lowest fertility rates worldwide. In the first chapter, possible selection into marriage is highlighted considering the low out-of-wedlock births in the country. Also, the policy effects are examined in two different dimensions: changes in the probability of having a child and the time-to-child delivery. The second chapter estimates two important key variables to address the effectiveness of this program. First is the unconditional distribution of the reservation …

The Political Economy Of Preferential Trade Agreements, Ross Castner Jestrab

Dissertations - ALL

This dissertation is comprised of three chapters on preferential trade agreements (PTAs). The first two chapters examine why countries sign PTAs with other countries, while the final chapter studies the effect of PTAs on imports.

The first chapter provides direct empirical evidence that PTAs are consistent with the terms-of-trade theory. In other words, PTAs internalize the temptation to increase tariffs when countries possess importer market power. Using PTAs that occur between 2001-2015, I study the formation of PTAs and the structure of first year PTA tariff cuts. I first show the likelihood of a PTA increases when both countries have …

The Conditional Mode Estimator Of Technical Efficiency: Theory And Application To Nyc Public Schools, Yi Yang

Dissertations - ALL

This dissertation studies the properties of the conditional mode estimator of stochastic frontier models and applies it to measure technical inefficiency. It consists of two chapters. The first chapter analyzes the conditional mode estimator’s closed-form expressions, convergence, near-minimax optimality when interpreted using Lasso, and selection rules. The second chapter applies the true fixed effect stochastic frontier model (Greene, 2005a,b) to analyze the persistent and transient technical inefficiencies of 425 NYC public middle schools for cohorts of students that graduated between 2014 to 2016.

Three Essays On The Housing Market, Tianyun Zhu

Dissertations - ALL

My dissertation comprises three essays on the housing market. The first two chapters analyze the housing market using the hedonic model. Chapter 1 estimates a semi-nonparametric hedonic regression that provides evidence for the change of bidding and sorting for job-access over time in Buffalo MSA. Based on the estimation result, a decomposition of the price change is implemented to shed light on how bidding and sorting contribute to the price change of a house with different job access respectively. Chapter 2 proposes an alternative approach which yields a likelihood-based estimator for implicit price elasticity of amenity demand. An application of …

Affordable Housing In San Francisco: A Historical Analysis Of Its Finances And Policies, Ricky H. Tran

Master's Projects and Capstones

The affordable housing crisis is not new to San Francisco. As it has been made clear several times, The Bay Area continues to face a crisis of a massive wealth disparity as housing prices continue to rise as incomes for the top earners have risen dramatically since 1999. In San Francisco, rents and housing prices are one of the highest in the nation, and people are facing rent burdens, in which a large portion of their income goes to rent, as for those with low and extremely low income are facing severe rent burdens, which take up more than 50% …

Neo-Extracting Gilded Welfare States: A Comparative Study Of Extractivism And Latin American Welfare State Formation, Pabvitraa Ramcharan

Student Theses and Dissertations

This paper attempts to establish a stronger linkage between neo-extractivism and social welfare states in contemporary Latin America using both a micro and macro perspective. By emphasizing the human capital aspect of the welfare state’s role in promoting equitable redistribution and correcting market failures, this paper attempts to evaluate the extent to which extractive industries contribute to human capital formation. Due to the sectors’ large influence on the state and weak capacity to create employment, I develop the concept of the “gilded welfare state,” defined by the inability of extractive industries to ensure equal opportunity and generate formal employment despite …

Budgetary Obstacles To Police Reform: The Case Of San Francisco, Hayden Anderson

Master's Projects and Capstones

In response to the murder of George Floyd in May 2020, the Black Lives Matter movement issued a statement calling on cities to Defund the Police. The event sparked a nationwide reckoning that has reshaped the narratives and strategies for remedying the racial bias and police brutality apparent in the criminal justice system. The shift in police reform efforts embraces notions guiding police budgeting decisions. Today's advocates are transforming their approach to police reform to include budgeting decisions by promoting a municipal practice known as police budget reform. This Capstone explores the feasibility of successful police budget reform under current …

Does Prize Sharing Close The Gender-Based Gap Of Competition In Nepal?, Supriya Adhikari

Master's Theses

Past research has shown that even when women perform
equally as men, they are less competitive when cash is provided as
incentive. Using the experimental design of Cassar and Rigdon
(2021), where in a real effort tournament a social incentive
motivates women to compete more and closes the gender gap in
competitiveness, we examine if this will be found in a Nepal
sample. Following the evolutionary literature that suggests women
need each other’s support for child care, participants are given an
option to share the prize they win to help them earn friendships and
bonds in a competitive game. Our …

Inquiry: Tragic Journeys Of Enslaved African People Exposed Through Shipwreck Archaeology, Janie Hubbard

The Councilor: A National Journal of the Social Studies

This article describes an inquiry lesson, recommended for upper elementary and middle level students. One primary aim of the lesson is to explore shipwreck archeology to focus on the overseas journeys of enslaved African people during the transatlantic slave trade. A second aim is for students to recognize how the slave trade’s exploiters caused sustained damage to the principles of Black equality, producing systemic racism for centuries and into contemporary times. In this lesson, students inquire and discover nuanced information about the historic slave trade by studying clues from sunken slave ships. Students begin by closely observing artifacts found in …

Calibrated Click-Through Auctions: An Information Design Approach, Dirk Bergemann, Paul Duetting, Renato Paes Leme, Song Zuo

Cowles Foundation Discussion Papers

We analyze the optimal information design in a click-through auction with fixed valuations per click, but stochastic click-through rates. While the auctioneer takes as given the auction rule of the click-through auction, namely the generalized second-price auction, the auctioneer can design the information flow regarding the click-through rates among the bidders. A natural requirement in this context is to ask for the information structure to be calibrated in the learning sense. With this constraint, the auction needs to rank the ads by a product of the bid and an unbiased estimator of the click-through rates, and the task of designing …

An Inferentially Robust Look At Two Competing Explanations For The Surge In Unauthorized Migration From Central America, Nick Santos

Dissertations

The last 8 years have seen a dramatic increase in the flow of Central American apprehensions by the U.S. Border Patrol. Explanations for this surge in apprehensions have been split between two leading hypotheses. Most academic scholars, immigrant advocates, progressive media outlets, and human rights organizations identify poverty and violence (the Poverty and Violence Hypothesis) in Central America as the primary triggers responsible. In contrast, while most government officials, conservative think tanks, and the agencies that work in the immigration and border enforcement realm admit poverty and violence may underlie some decisions to migrate, they instead blame lax U.S. immigration …

Essays On Crime And Public Policy, Yuki Otsu

Arts & Sciences Graduate Student Theses and Dissertations

This dissertation consists of three chapters.The first chapter analyzes the impact of sanctuary policies on criminal behavior. Sanctuary policies may attract criminals and lower the opportunity cost of crime, while these policies produce a spiral of trust that supports police and raises informal social control over crime. I estimate the dynamic effects of sanctuary policies on crime rates at city level. This chapter finds (1) no evidence that sanctuary policies cause an increase in any crime, (2) some evidence that they may lead to a decrease in property crime, and the effect is strengthened over time after the adoption, (3) …

Essays On Empirical Microeconomics: Effects Of Law Intervention, Tsung-Yu Ho

Arts & Sciences Graduate Student Theses and Dissertations

Do Car Seat Laws Cause People to Buy Larger Cars? In this chapter, I estimate the effects of car seat laws on larger vehicle ownerships. Over the past few decades in the United States, the market share of vans and sport utility vehicles (SUVs) has increased rapidly. This increase coincides with the widespread adoption of laws that mandate car safety seats for children. Utilizing variation across states in the timing of these laws and their age requirements, we show that car seat laws cause parents to move away from sedans and to choose larger vehicles. We estimate that car seat …

Do Wealth And Inequality Associate With Health In A Small-Scale Subsistence Society?, Adrian V. Jaeggi, Aaron D. Blackwell, Christopher Von Rueden, Benjamin C. Trumble, Jonathan Stieglitz, Angela R. Garcia, Thomas S. Kraft, Bret A. Beheim, Paul L. Hooper, Hillard Kaplan, Michael Gurven

ESI Publications

In high-income countries, one’s relative socio-economic position and economic inequality may affect health and well-being, arguably via psychosocial stress. We tested this in a small-scale subsistence society, the Tsimane, by associating relative household wealth (n = 871) and community-level wealth inequality (n = 40, Gini = 0.15–0.53) with a range of psychological variables, stressors, and health outcomes (depressive symptoms [n = 670], social conflicts [n = 401], non-social problems [n = 398], social support [n = 399], cortisol [n = 811], body mass index [n = 9,926], blood pressure [n = 3,195], self-rated health [n = 2523], morbidities [n = …

The Federal Funds Rate Effect On Subprime Mortgage Crisis Management: An Ardl Approach, Mostafa Aboelsoud, Anas Alqudah, Dimitrios Paparas, Ahmed Bani-Mustafa

Economics

Purpose: This research empirically investigated the effectiveness of the interest rate policy of the Federal Reserve (Fed) on managing the subprime mortgage crisis.

Design/methodology/approach: The study employed the autoregressive distributed lag model (ARDL) to analyze the stability of the Fed’s monetary policy, thereby providing an alternative analysis tool.

Findings: Correlation analysis results showed a strong positive and statistically significant relationship between Fed funds rate and the labor market, a strong negative and statistically significant relationship between Fed funds rate and the housing market, and a strong negative and statistically significant relationship between Fed funds rate and price stability. In contrast, …

The Social Market Economy As A Formula For Peace, Prosperity, And Sustainability, Almuth D. Merkel

Doctor of International Conflict Management Dissertations

The social market economy was developed in Germany during the interwar period amidst political and economic turmoil. With clear demarcation lines differentiating it from socialism and laissez-faire capitalism, the social market economy became a formula for peace and prosperity for post WWII Germany. Since then, the success of the social market economy has inspired many other countries to adopt its principles. Drawing on evidence from economic history and the history of economic thought, this thesis first reviews the evolution of the fundamental principles that form the foundation of social-market economic thought. Blending the micro-economic utility maximization framework with traditional growth …

Why I Won’T “Go Back To Where I Came From”: An Economic Analysis Of Illegal Migration, Mary Daniels

Undergraduate Theses

The United States has witnessed a declining yet still significant number of illegal immigrants crossing the southern border over the past decade, while the European Union experienced a rapid increase in the number of illegal immigrants within its borders, hosting over two million illegal immigrants in 2015. This paper seeks to provide guidance to European and United States lawmakers on creating effective immigration policy by identifying significant push and pull factors that are driving illegal migration from West and North Africa to Europe and from Latin America to the United States. This empirical analysis indicates that, in both the United …

An Empirical Analysis Of Economic Inequality On Economic Growth, Brandon Williams

Departmental Honors & Graduate Capstone Projects

For the United States, one of the most important trends of concern is the growing level of inequality. It is widely accepted that the United States is currently experiencing historically high levels of economic inequality. There are numerous reasons for policymakers and citizens to be concerned about the rising level of inequality, such as its impact on the basic American social contract that says that hard work pays off and the diminishing of opportunity. It has been well established that inequality negatively impacts educational opportunities, social mobility, skills development, and labor inputs. Most research has studied the extent to which …

Business Strategy And Cost Of Bank Loans, Md Ruhul Amin, Abdullah Al Masum

School of Economics and Finance Faculty Publications

Following Miles and Snow’s Business Strategy (BS) topology, we find that banks impose relatively higher loan spreads for the firms that follow an Innovation-Oriented Business Strategy (IOBS). We further document that IOBS is positively associated with corporate risk measures such as variances in equity returns and returns on assets. Overall, our findings suggest that banks charge a higher cost of debt in anticipation of borrowers’ payback riskiness from an IOBS.

Big Five Personality Traits And Political Orientation: An Inquiry Into Political Beliefs, Ian E. Phillips

The Downtown Review: An Interdisciplinary Journal Written and Peer-Reviewed by Mandel Honors College Students at Cleveland State University

Personality research centered on the Big Five personality traits has heavily impacted our understanding in regards to what forces orient a person on a political spectrum. Examining how personality differences interact with political orientation, this research seeks to provide information on what makes someone either more or less likely to be liberal or conservative based on their temperament. In this paper, previous personality research is synthesized into one discussion, centered on what the effects of each trait are and how they impact political orientation, the heritability of personality, and what implications there are for such research in the realm of …

Giving In Dictator Games: Factors Of Generosity, Margaret Gallagher, Prachi Jain

Honors Thesis

Because perceptions of luck, hard work, and the idea of a “me vs. you” mindset often influence people’s ideas of fairness, it is important to understand these perceptions and how they can affect giving and support for redistributive policies. To better understand the factors that influence people to give or not give to others, I created two modified dictator games to answer the research questions, “How does the generation of initial allocation in a dictator game affect perceptions of deservingness?” and “How does competitive and cooperative priming affect dictator allocation choices between efficiency and inefficiency?” By varying the way the …

The “America First” Trade Policy Of The Trump Administration And Its Economic And Military Repercussions, Emily Jeffers

Senior Honors Theses

This paper looks at the “America first” trade policy of the Trump administration and the perception that it was used to accomplish his goals of economic and military independence from the rest of the world’s interdependent web. It looks at the history of trade policy and tariffs in the United States; this is then linked to the evolution of President Trump’s trade policy through the implementation of tariffs, renegotiation of trade deals, and revision of military policy in order to “decouple” from the rest of the world. It examines the US-China trade war and the desire for increased global trade …

Qualitative Research Methods For The Exploration Of Coworking Environments, Marko Orel Phd, Manuel Mayerhoffer

The Qualitative Report

Coworking is a flexible workspace arrangement that is characterized by the sharing of resources, socializing between peers, collaborating on mutual projects, and co-crafting a community of work. As a result of the benefits coworkers draw from their experience, the coworking model has grown significantly over the past years, which has also led to increasing attention by scholars. When researching the contemporary workplace's evolving nature, a qualitative approach enables scholars to observe, record, and capture the changing attitudes concerning a given subject. Similarly, field researchers have applied qualitative methods with gradually increasing rigor and complexity. To further enhance future studies, the …

A Suggested Revision Of The 2020 Vertical Merger Guidelines (July 2021), Steven C. Salop

Georgetown Law Faculty Publications and Other Works

The DOJ/ FTC Vertical Merger Guidelines (VMGs) were adopted by the FTC in June 2020 by a party-line 3-2 party line over the dissent of the Acting Chair. One might expect that the VMGs will be withdrawn and/or revised, now that there is a Democratic majority. Revision is appropriate because the VMGs are both incomplete and overly permissible. This Suggested Revision can aid that process.

Untold Stories Of The African Diaspora: The Lived Experiences Of Black Caribbean Immigrants In The Greater Hartford Area, Shanelle A. Jones

University Scholar Projects

The African Diaspora represents vastly complex migratory patterns. This project studies the journeys of English-speaking Afro-Caribbeans who immigrated to the US for economic reasons between the 1980s-present day. While some researchers emphasize the success of West Indian immigrants, others highlight the issue of downward assimilation many face upon arrival in the US. This paper explores the prospect of economic incorporation into American society for West Indian immigrants. I conducted and analyzed data from an online survey and 10 oral histories of West Indian economic migrants residing in the Greater Hartford Area to gain a broader perspective on the economic attainment …

Demand Shock Along The Supply Chain: The Bullwhip Effect Of Covid-19 In Chinese Exports, Kaichong Zhang

Economics Honors Projects

This study investigates the bullwhip effect of Covid-19 on global supply chains from the Chinese perspective. The bullwhip effect refers to the amplification of demand shock along the supply chain, and my baseline estimates show that a $1\%$ increase in foreign new cases (a proxy for foreign demand shock) reduces exports of downstream products and that of upstream industries by $2.1\%$ and $4.5\%$ respectively. The estimates also suggest that whether industries are concentrated or not generates ambiguous effects on exports that vary from different empirical specifications. In addition, a heterogeneity analysis suggests that the bullwhip effect is stronger in regional …

What Is Wrong With Micromanagement: Economic View, Sean R. Aguilar, Olga Kosheleva

Departmental Technical Reports (CS)

Purpose: It is well known that micromanagement -- excessive control of employees -- is detrimental to the employees' morale and thus, decreases their productivity. But what if the managers keep people happy -- will there still be negative consequences of micromanagement? This is the problem analyzed in this paper.

Design/methodology/approach: To analyze our problem, we use general -- but simplified -- mathematical models of how productivity depends on the working rate.

Findings: We show that even in the absence of psychological discomfort, micromanagement is still detrimental to productivity. Interestingly, the negative effect of micromanagement increases as the population becomes more …

A Pseudo Panel Analysis Of The Returns To Field Of Study, Bilge Eriş-Dereli

Topics in Middle Eastern and North African Economies

This study employs pseudo-panel fixed-effects approach to estimate the returns to field of study in Turkey. Repeated cross sections of Turkish Labor Force Surveys between 2016-2019 are used. Year of birth and region are used as grouping variables. The results indicate significant earnings differences across field of study when cohort-fixed effects are controlled. Relative to the base field, Education Sciences, there are higher returns to Environmental Sciences & Mathematics & Statistics and Engineering & Manufacturing & Architecture and Health & Welfare. On the other hand, there are lower returns to Social Sciences & Journalism. The earnings differences are insignificant for …