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Whoever You Want Me To Be: Personality And Incentives, Andrew Mcgee, Peter Mcgee

Economics Faculty Publications and Presentations

What can employers learn from personality tests when applicants have incentives to misrepresent themselves? Using a within-subject, laboratory experiment, we compare personality measures with and without incentives for misrepresentation. Incentivized personality measures are weakly to moderately correlated with non-incentivized measures in all treatments. When test-takers are given a job ad indicating that an extrovert (introvert) is desired, extroversion measures are positively (negatively) correlated with IQ. Among other characteristics, only locus of control appears related to faking on personality measures. Our findings highlight the identification challenges in measuring personality and the potential for correlations between incentivized personality measures and other traits.

Environmental Policy And Audit Pricing, Monika K. Rabarison, Ibrajim Siraj, Bin Wang

School of Economics and Finance Faculty Publications

This paper examines the effect of environmental policy stringency (EPS) on audit pricing. By exploiting the exogenous variation in environmental policies across 26 countries, we find that firms in countries with more stringent environmental policies incur lower audit fees. The inverse association is more pronounced in common law countries, in countries with a higher level of public enforcement of regulations and in countries with more investor protection. The lower audit fees are also more prominent for firms that are followed by more analysts and firms that have a greater institutional ownership. Furthermore, we find that firms in countries with strong …

Broadly Shared Local Economic Success Since 2000: New Measures And New Lessons For Communities, Timothy J. Bartik, Brad J. Hershbein, Kathleen Bolter, Kyle Huisman

Reports

In recent decades, many local labor markets—especially those in former industrial areas—have experienced lagging employment rates, hourly wages, and annual earnings. Even in places that have thrived, disadvantaged racial and ethnic groups and those with less education have often fared poorly, and long-term growth has bypassed many Americans at the middle and bottom of the income distribution. This report examines the relative economic success over the past two decades (prior to the COVID pandemic) of different local labor markets throughout the United States, both for residents overall and for those of different demographic groups. We construct a new, publicly available …

Trade Liberalization With Brics: A Cge Model Of Egypt, Kareem Ashraf

Theses and Dissertations

This paper presents an ex-ante impact assessment of a hypothetical FTA between Egypt and the BRICS from an Egyptian economy-wide and sectorial perspectives, with a granular look into manufacturing. The chosen methodology is a static SAM-based Computable General Equilibrium model calibrated to Egypt’s 2018-2019 Social Accounting Matrix (SAM). With respect to existing literature, the paper uniquely stands in considering an Egypt-BRICS FTA with a granular assessment of manufacturing subsectors and in running a simulation of Egypt’s trade liberalization with the wider BRICS alliance, including the accession of Saudi Arabia, UAE, Ethiopia, and Iran, which joined the bloc along with Egypt …

The Safety Net Should Work For Working Age Adults, Lauren Bauer

Brookings Scholar Lecture Series

This lecture focuses attention on a population that is ill-served by the safety net but rarely acknowledged: low-income, working-age adults without dependents or government-determined disabilities. In this lecture, Brookings Scholar Lauren Bauer, a former Special Assistant in the Office of the Secretary at the US Department of Education, argues that a safety net that is inaccessible to ABAWDs (able-bodied adults without dependents) fails to recognize the precarious state of the low-wage labor market or how safety-net programs allow these workers to remain in the workforce. By modernizing the parameters of who qualifies for access to safety-net programs, assistance can be …

[Discussions] Vol. 19 Iss. 1

Discussions

This issue of Discussions was published for the Spring 2023 cycle.

U.S. Public Equity Esg Fund Composite And Parnassus Core Equity Fund: Performance And Factor Attribution, Karthik Nemani, Barrett Buhler

Discussions

This is the first paper to examine all U.S. public equity Environmental, Social, and Governance (ESG) funds offered by the Forum for Sustainable and Responsible Investment’s (SIF) institutional member firms from 2005 to 2020. For ease of communication, this will be called the ESG Composite. With a Net Asset Value (NAV) over $150 billion, these funds comprise nearly half of the U.S. public equity ESG investment landscape. The article finds that the ESG Composite maintains performance with the Standard and Poor’s (S&P) 500 total return index on an overall returns basis with lower volatility, indicating greater risk-adjusted returns. Factor analysis …

Payments As A Tool For Policy, Aaron Klein

Brookings Scholar Lecture Series

What are the implications of using payment systems to enforce foreign policy (against Russia, Iran, Cuba, etc...) and domestic policy (on-line poker, cannabis, etc..)? What are the long-term ramifications for the United States, with its dominant status as a global financial system and home to the world reserve currency, using payment systems to achieve its political objectives? In this lecture, Brookings Institution scholar and former deputy assistant secretary for economic policy at the Department of Treasury, Aaron Klein discusses the pros, cons, and intended and unintended consequences of our current system. He proposes a path forward to maximize economic growth …

Challenges And Countermeasures For Lithium Resources In China And Analysis Of Global Distribution And Industry Status, Lirong Dou, Huaqing Liu, Dekuan Chang

Bulletin of Chinese Academy of Sciences (Chinese Version)

With the rapid development of the global new energy industry, the strategic significance of lithium mineral resources is becoming increasingly pronounced. As a crucial material essential to the primary sectors of electric vehicles and energy storage batteries, the security of the lithium supply chain directly influences the industrial and economic development of the country. Global lithium resource reserves are primarily concentrated in several key countries, including Chile, Argentina, Bolivia, and Australia. Although China possesses a significant amount of lithium reserves, it faces challenges such as high mining difficulty, stringent environmental protection regulations, and low ore grades. These factors contribute to …

Build Regional Strategic Emerging Industry Selection System For Major Scientific And Technological Infrastructure: Structural Framework And Practical Consideration, Lingling Zhang, Congli Huang, Feite Zhou, Xiang Xu, Long Liu

Bulletin of Chinese Academy of Sciences (Chinese Version)

Under the circumstances of a new wave of scientific and technological revolution and industrial transformation, it has become imperative for the government’s industrial planning to effectively integrate regional resources with scientific and technological innovation capabilities, identify suitable regional strategic emerging industries, and establish clear directions for industrial development. Drawing on various classical theories of industrial selection from the perspectives of industrial economics and management, this research comprehensively considers six dimensions: technical support capacity of facilities, potential for industrial upgrading, regional resource endowment, social demands, government, and opportunities. Based on the Porter Diamond Model, a robust system is developed to select …

Comparison Of Open Sharing Modes Of Foreign Large-Scale Scientific Facilities And Implications For China, Dacheng Song, Shuai Xiao, Tianming Li, Ke Wen, Dingyi You, Chen Zhang, Qiang Wei, Runtong Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

The open sharing of large-scale scientific facilities plays a pivotal role in the ecosystem of open science. This is of great significance for promoting the development of science and technology, enhancing innovation cooperation, and boosting the overall competitive strength of nations. Starting from two dimensions of resource scarcity and sustainability, this study systematically sorts out four open sharing modes of large-scale scientific facilities: the public and inclusive sharing mode, the market response sharing mode, the intensive guarantee sharing mode, and the Strategic Cooperation Sharing Mode. Through the comparison analysis of four foreign large-scale scientific facilities, the study further elaborates the …

Smart Agricultural Development Model With Science And Technology Facilitated Rural Revitalization In Southern China, Yucheng Zhang, Wei Wu, Feng Dai, Lei Li, Shuqin Gao, Xingang Zhao

Bulletin of Chinese Academy of Sciences (Chinese Version)

Rural revitalization is a major task in realizing the great rejuvenation of the Chinese nation. Agriculture is the foundation of rural areas, and developing smart agriculture is an important means to realize rural revitalization. The southern hilly and mountainous areas are the concentrated distribution areas of land desertification in China, with obvious disadvantages in agricultural infrastructure, large poverty areas, and deep poverty levels. They are the “hard bones” that are difficult to tackle in rural revitalization in China. In the important period of consolidating and expanding the achievements of poverty alleviation and continuously promoting rural revitalization, under the background of …

New Situation And Risk Coping Strategy Of Supply Chain Security Of Lithium Battery Industry Chain In China, Peng Du, Xuhua Qiu, Yusen Bai, Dong Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

Lithium battery industry is the core of supporting modern energy transformation and technological innovation of traffic electrification. In recent years, China’s lithium battery industry chain and supply chain security is facing new situations such as international trade and geopolitical conflicts, core technology dependence, and changes in domestic investment and financing environment. Based on the perspective of global supply chain management and industrial technology innovation, this study systematically analyzes the supply chain security of lithium battery industry chain in China, discusses the necessity of strategic cooperation of resources worldwide, independent innovation of technology, and optimization of supply chain management, and puts …

Searching Govinfo.Gov/, Bert Chapman

Libraries Faculty and Staff Presentations

This U.S. Government Publishing Office (GPO) database provides access to information legal, legislative, and regulatory information produced on multiple subjects by the U.S. Government. Content includes congressional bills, congressional committee hearings and prints (studies), reports on legislation, the text of laws, regulations, and executive orders and multiple U.S. Government information resources covering subjects from accounting to zoology.

An Economic Advocacy Approach To Empower Rural Victims Of Gender-Based Violence: A Review Of The Literature, Loganne Ditter, Ziwei Qi

Academic Leadership Journal in Student Research

Gender-based violence (GBV) has devastating effects on survivors’ mental, emotional, psychological, physical, and financial well-being. In rural communities, cultural stigma, isolation, lack of services, economic deprivation, and poverty can create additional barriers for survivors to seek help and leave their abusive relationships. Economic advocacy is a survivor-centered approach that addresses poverty and economic insecurity in ending GBV and empowers individuals and communities with the necessary resources and skills. In this review article, the researchers aim to identify survivors’ unique challenges in rural communities, especially in economic hardship and financially dire situations. While the empirical research examined in this review has …

Twenty Years Of The Application Of Rooney Rule And Diversity Practices In The Nfl Workplace, David M. Savino

Journal of the North American Management Society

While the inception of the Rooney Rule has been generally applauded in its intention, the results achieved have been less than noteworthy. In the 20 years since its inception and application in team searches for head coaches of the National Football League, the outcome may be a true sign of the difficulty associated with creating fair and equitable job opportunities in any workplace. Also, there has been a long-standing and deeply entrenched system that has been in place, especially in the sports world, to ensure little change in the overall system. This has not only been true for the sports …

Working Remotely And Corporate Culture Wars In The Post-Pandemic Era, David M. Savino, Danielle C. Foster

Journal of the North American Management Society

Organizational culture is a sacred element of any organization. It is the lifeblood and the guiding force that makes each organization unique in its ability to navigate day-to-day and longer-term perspectives of corporate operations. Strong cultures help identify direction and philosophy and provide confidence in how to proceed to pursue innovative ideas and solve problems. Since 2020, the core value and the strength of many organizational cultures have been tested as a result of the increased reliance on working remotely and the adoption of a hybrid model of business operations not previously utilized to a great degree. While many survived …

Work Organization And High-Paying Jobs, Dylan Nelson, Nathan Wilmers, Letian Zhang

Upjohn Institute Working Papers

High-paying factory jobs in the 1940s were an engine of egalitarian economic growth for a generation. Are there alternate forms of work organization that deliver similar benefits for frontline workers? Work organization varies by type of complexity and degree of employer control. Technical and tacit knowledge tasks receive higher pay for signaling or developing human capital. Higher-autonomy tasks elicit efficiency wages. To test these ideas, we match administrative earnings to task descriptions from job postings. We then compare earnings for workers hired into the same occupation and firm, but under different task allocations. When jobs raise task complexity and autonomy, …

Employer Market Power In Silicon Valley, Matthew Gibson

Upjohn Institute Working Papers

Adam Smith alleged that employers often secretly combine to reduce labor earnings. This paper examines an important case of such behavior: illegal no-poaching agreements through which information-technology companies agreed not to compete for each other’s workers. Exploiting the plausibly exogenous timing of a U.S. Department of Justice investigation, I estimate the effects of these agreements using a difference-in-difference design. Data from Glassdoor permit the inclusion of rich employer- and job-level controls. On average the no-poaching agreements reduced salaries at colluding firms by 5.6 percent, consistent with considerable employer market power. Stock bonuses and job satisfaction were also negatively affected.

The Long-Run Impacts Of Public Industrial Investment On Local Development And Economic Mobility: Evidence From World War Ii, Andrew Garin, Jonathan Rothbaum

Upjohn Institute Working Papers

This paper studies the long-run effects of government-led construction of manufacturing plants on the regions where they were built and on individuals from those regions. Specifically, we examine publicly financed plants built in dispersed locations outside of major urban centers for security reasons during the United States’ industrial mobilization for World War II. Wartime plant construction had large and persistent impacts on local development, characterized by an expansion of relatively high-wage manufacturing employment throughout the postwar era. These benefits were shared by incumbent residents; we find men born before WWII in counties where plants were built earned $1,200 (in 2020 …

Good Times, Politics, And Collapse: The Archaeology Of Old St. Joseph, Florida, Christopher N. Hunt

USF Tampa Graduate Theses and Dissertations

The town of St. Joseph, established in 1835, served as a deep-water port for receiving and shipping dry goods up the Apalachicola River north along the vast network of navigable inland waterways in the southeastern U.S. during the early nineteenth century. Unfortunately, this town was hit with a yellow fever epidemic, a fire, and a series of hurricanes that, combined with the infancy of its cotton trade activities, eventually devastated its economy and population. The town disappeared by 1842, only much later to be replaced by modern Port St. Joe (est. 1909), located north of the original settlement. However, St. …

Employment Effects Of Minimum Wage Changes Across Regions, Age Groups, And Sectors, Aleksandra Majchrowska, Pawel Strawinski

Journal of Banking and Financial Economics

Increases in minimum wages in many developed and developing economies in recent years raise the question of whether and how they impact employment. We analyze the employment effects of minimum wage increases for different age groups of workers simultaneously. We construct a panel using three-dimensional cells formed by three age groups, two economic sectors, and 16 regions, separately for each year. We use individual data on employee and employer characteristics from the Structure of Earnings Survey and aggregated data from the Local Data Bank in Poland. The research period covers 2006–2020. Our results confi rm the differences in employment elasticity …

Cross Country Heterogeneity Of Procyclicality Of Bank Loans: Evidence From Oecd Countries Using The Sure Model, Mateusz Pipień, Abhisek Anand

Journal of Banking and Financial Economics

Procyclicality of credit supply, which refers to the simultaneous movement of credit issued to the non-financial sector alongside economic activity indicators, can create a destabilizing feedback loop between the banking system and the real economy. The impact of credit supply on the financial and real sectors may vary across different economies, and the interconnectedness between countries can magnify the effect. We conducted research examining procyclicality of loans provided by banks, analyzing data at the country level for 13 OECD countries for over 16 years (2005–2020). Our research findings indicate that the parameters measuring the procyclical effect are statistically insignificant when …

Comparison Of The Financial Market Conditions In Poland And Selected Countries During The Pandemic And The Russian-Ukrainian War, Dorota Żebrowska-Suchodolska, Andrzej Karpio

Journal of Banking and Financial Economics

The initial period of the COVID-19 pandemic and the outbreak of the Russian-Ukrainian war had a significant impact on financial markets. The aim of the work is to analyse the behaviour of selected segments of the Polish financial market in the initial period of the pandemic and war. The research is based on two measures of risk, relative and absolute. The research covers the period from 24 February 2022 to 22 August 2022. The research focuses on segments of the Warsaw Stock Exchange through the analysis of the following indices: WIG, WIG20, mWIG40, sWIG80, NCIndex, industry indices, and the TBSP …

Health Care Costs Among Patients With Hematologic Malignancies Receiving Allogeneic Transplants: A Us Payer Perspective, Richard Maziarz, Usama Gergis, Marie Louise Edwards, Yan Song, Qing Liu, Annika Anderson, James Signorovitch, Rocio Manghani, Ronit Simantov, Heayoung Shin, Smitha Sivaraman

Department of Medical Oncology Faculty Papers

Patients with hematologic malignancies undergoing allogeneic hematopoietic cell transplant (allo-HCT) require extensive care. Using the Merative MarketScan Commercial Claims and Encounters database (2016 Q1-2020 Q2), we quantified the costs of care and assessed real-world complication rates among commercially insured US patients diagnosed with a hematologic malignancy and aged between 12 and 64 years undergoing inpatient allo-HCT. Health care resource use and costs were assessed from 100 days before HCT to 100 days after HCT. Primary hospitalization was defined as the time from HCT until first discharge date. Incidence of complications was assessed using medical billing codes from HCT date to …

Long-Term Relationship Of Kghm Share Prices And The Market Value Of High Grade Copper, Rafał Zbyrowski

Journal of Banking and Financial Economics

The aim of the article is to try to explain the long-term price volatility of KGHM shares. Therefore the paper presents the relationship between KGHM stock prices and High Grade copper prices. The empirical part of the paper uses econometric cointegration analysis. Based on the estimated models, the thesis of the existence of a long-run relationship between the studied variables was confi rmed. Within the framework of econometric analyses, Johansen and Engle- Granger procedures and the Granger test of causality were applied. The study was conducted using monthly data covering quotes from August 2012 to April 2021. In the end, …

Optimization Of Banks’ Value – Practical Challenges, Jan Koleśnik, Jacek Nadolski

Journal of Banking and Financial Economics

The aim of the article is to verify the conceptual model of integrated optimization of a bank’s value, which enables the integration of the risk management process with business processes while maintaining compromise between the safety (stability) of a bank’s operations and striving to maximize its value. The model is an attempt at a comprehensive solution to such dilemmas as shaping a bank’s value ex ante, not ex post. Verifi cation of the model has shown that the model works in accordance with the adopted assumptions and leads to the achievement of the basic goal for which it was constructed. …

Policies For Place: How To Make Sustainable Investments In Communities, Kathleen Bolter, Timothy J. Bartik, Brad J. Hershbein, Michelle Miller-Adams, Lee Adams, Brian J. Asquith, Alfonso Hernandez, Kyle Huisman, Iryna V. Lendel, Gabrielle Pepin, Bridget Timmeney, Beth C. Truesdale, Yulya Truskinovsky

Reports

No abstract provided.

Ramping Up Exports: Strategy And Direction, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

First of all, let me thank Humanex for providing this opportunity to share my views on a very important subject. I don’t want to repeat what Tariq Ikram has said because he has covered a lot of things which I had proposed to speak to you about but because of the youngsters present here, young people who have not seen what Pakistan’s economic trajectory has been, I want to remind them that Pakistan inherited absolutely no industry unit in the territory which is Pakistan. Most of the industries were all in India. There was only one decrepit Dalmia Cement Factory …

Who Do You Think Is The Greatest-Ever Economist?, Mark Skousen

Business Faculty Articles and Research

"Deciding who is the Greatest of All Time (GOAT) is a popular debate in sports. Is it Michael Jordan in basketball? Lionel Messi in fútbol? Muhammed Ali in boxing? Babe Ruth in baseball? (In case you are wondering, the answer is 'yes' in each category.)

Tyler Cowen, professor at George Mason University and co-publisher of the popular Marginal Revolution website, has come up with one of the most clever, entertaining ways to write a history of economic thought by selecting his favorite GOAT in economics."