Digital Commons Network^™

Ai Exposure And The Future Of Work: Tasks, Skill Demand, And Education, Erik Vasilauskas, Michael Horrigan

External Papers and Reports

No abstract provided.

Reviewers And Referees

Midwest Social Sciences Journal

No abstract provided.

The Courts Closest To The People: The Battle Between Populism And Democracy In The U.S. District Courts, Shruti Rana

Midwest Social Sciences Journal

The U.S. district courts have emerged as a critical site of contested terrain amid the chaos and controversies consuming American law and politics since the start of the second Trump administration. This article examines these frontline courts through the theoretical lens of populism, arguing that they have become a critical institutional flashpoint in the populist assault on constitutional democracy in the United States. As the courts closest to the people, the district courts occupy a unique structural position: They are the fact-finding courts, the most geographically dispersed and professionally diverse tier of the federal judiciary, and often the first institutional …

Hurdles To Retirement Security: Exploring Race, Religion, And Savings Behavior, Mamoud A. Jalloh, Sedefka Beck

Midwest Social Sciences Journal

Retirement savings have become increasingly central to household financial security as defined contribution plans replace traditional pensions. Using nationally representative data from the 2019 Panel Study of Income Dynamics, this study applies a double‑hurdle model to examine the distinct factors shaping participation in retirement plans and contribution intensity. Results reveal persistent racial and ethnic inequalities: Hispanic, Black, and Mixed‑Race workers are significantly less likely to save and contribute markedly less than White workers, even after accounting for income, wealth, and employment characteristics. Religious affiliation also influences savings behavior, with Jewish contributors saving more and several other groups saving less than …

Author Biographical Notes

Midwest Social Sciences Journal

No abstract provided.

Editor-In-Chief's Note, Surekha Rao

Midwest Social Sciences Journal

No abstract provided.

There Is Turbulence In The Vuca World: A Path To Learning From The Micro- Environments Of Decision-Makers And Their Leadership Acumen, Bernard L. Simonin, Paul Lambert

Arab Economic and Business Journal

Decision-makers and researchers continue to ponder on how to cope with today’s volatile, uncertain, complex, and ambiguous environments (VUCA). The catch-all expression “it is a VUCA world” has gained popularity while raising some concerns on its applicability. To date, much of the focus has been in association with large-scale events of a negative nature; research has remained mostly conceptual with almost no extensive empirical investigation centered on the fully unpacked VUCA construct. This study examines the interplay between VUCA elements, turbulence, and disruption; it introduces a turbulence diagnostic tool for leadership and explores patterns of variability across types of triggering …

Examining The Influence Of Organisational And Leadership Knowledge On Resilience During Economic Downturns-A Case Study For Sme Success, Dr. Aloma Jayasundera, Dr. Rubhesh Jha

Arab Economic and Business Journal

This study investigates how organisational and leadership knowledge impacts the resilience of Small and Medium Enterprises (SMEs) during economic downturns, focussing on a foreign-owned business processes and Information Consulting (IT) consulting company in Bahrain. This is a mixed-methods approach that integrates qualitative and quantitative data, including thematic analysis and Structural Equation Modelling (PLS-SEM). This study shows that an emphasis on external problems caused the company to disregard important internal challenges. The findings highlight the need for better crisis management and digital strategies to strengthen the organisation from within and create a better workplace culture. This study contributes new insights into …

Dual Mechanisms Of External Pressure: The Impact Of Sanctions And Aid On State Capacity In Iraq And Jordan, Emily P. White

Global Tides

This essay examines the influence of external economic pressures on state capacity in the Middle East through a comparative analysis of Iraq and Jordan. In the late twentieth century, both states faced fiscal shocks, including rising prices for staple goods, elevated unemployment, and revenue shortfalls that constrained regime distributive capacity. Against this backdrop of mounting domestic volatility, contrasting instruments of international economic statecraft were employed, namely, comprehensive UN sanctions against Iraq and sustained Western-led foreign aid to Jordan. Through exogenous state-building, foreign actors sought to exert punitive leverage in Iraq and pursue an agenda-setting partnership in Jordan. Despite pursuing different …

Relationship Between Change In Unrealized Gains Or Losses Of Afs Securities And Credit Spreads Of U.S. Life Insurance Companies, Kwang Liang Yeo

Dissertations and Theses Collection (Open Access)

This study evaluates the transmission of unrealized fair value accounting losses to credit default risk within the United States life insurance sector during a period of unprecedented monetary tightening. Integrating a pre-specified confirmatory econometric framework with a text-based exploratory analysis of regulatory filings, we examine how changes in Other Comprehensive Income (OCI) and benchmark interest rate dynamics shape market perceptions of insurer default probability. Our findings reveal that credit default swap markets do not price OCI variations contemporaneously; instead, they reflect a structural one-quarter pricing lag that aligns with the regulatory timeline of financial disclosures. Furthermore, the relationship between interest …

Strategic Economic Evaluation Of Microsoft's Post-Acquisition Gaming Portfolio, Brett Hancock, Daniela Orta Castaneda, Travis Stevens, M. Affan Badar

Symposium Projects

Microsoft Gaming is a gaming and entertainment division of Microsoft. In 2023 Microsoft bought Activision Blizzard, another industry leader. Rapidly changing industry and increased operation costs have created challenges. Sound financial analysis required to maintain company profitability and health. The purpose of this study is to analyze the economic data to recommend potential areas of investment and consolidation.

The Impact Of Legalized Sports Betting On Divorce, Alvaro Muniz-Fernandez, Brad Humphreys, Jane E. Ruseski

Economics Faculty Working Papers Series

This paper estimates the causal effect of legalization of sports betting on marital dissolution. We exploit the staggered legalization of sports betting in states following the Murphy v. NCAA (2018) Supreme Court as a source of exogenous variation, using a U.S. state-year panel from 2012 to 2023. Implementing a difference-in-differences design, we find that legalization increases both the flow and stock of divorces: the annual divorce rate and the share of divorced men rise by 0.107 and 0.276 percentage points, respectively. These effects accumulate gradually over the post-treatment period, consistent with a mechanism operating through the slow deterioration of household …

Wage Gap Disclosure In The Tropics, Pablo Castro, Mayara Felix, Ieda Matavelli, Bobak Pakzad-Hurson

Cowles Foundation Discussion Papers

We evaluate the effects of mandatory disclosures of firm-specific gender wage gaps in Brazil—the first developing country to enact a large-scale pay transparency law. The mandate took effect in 2023, automatically releasing to the public government-curated reports showing firm-specific gender wage gaps, separately by major occupational groups, for formal sector firms with 100 employees or more. Regression discontinuity estimates on outcomes one year after the release show that the mandated disclosures had no effects on the gender wage ratio, average wages for men or women, or the number of occupations within firms. We document that gender wage gaps persist in …

How Wasteful Is Signaling?, Alex Frankel, Navin Kartik

Cowles Foundation Discussion Papers

Signaling is wasteful. But how wasteful? We study the fraction of surplus dissipated in a separating equilibrium. For isoelastic environments, this waste ratio has a simple formula: β/(β + σ), where β is the benefit elasticity (reward to higher perception) and σ is the elasticity of higher types’ relative cost advantage. The ratio is constant across types and is independent of other parameters, including convexity of cost in the signal. We show that the directional effects of β and σ on waste extend to non-isoelastic environments.

From Conversations To Mechanisms: Aligning Advertiser Incentives In Ai-Powered Product Recommendations, Dirk Bergemann, Marek Bojko, Paul Dütting, Renato Paes Leme, Haifeng Xu, Song Zuo

Cowles Foundation Discussion Papers

We study the design of efficient dynamic recommendation systems, such as AI shopping assistants, in which a platform interacts with a user over multiple rounds to identify the most suitable product among those offered by advertisers. Advertisers have multi-dimensional private information: their private value from a purchase and private information about the user’s preferences. In each round, the platform displays recommendations; the user learns product characteristics of the shown items and then chooses whether to purchase, exit without purchasing, or submit a new query. These actions generate a stream of feedback—purchase, exit, and follow-up queries—that is informative about the user’s …

Essays Of Culture Economics: The Economic Consequences Of Cultural Change, Javier Gonzalez

Economics Theses and Dissertations

This dissertation contributes to the field of Cultural Economics by exploring the relationship between cultural transmission and economic outcomes. Across three distinct essays, this research investigates how mass media narratives shape economic preferences and labor decisions, and conversely, how economic fundamentals drive the evolution of cultural markers like language.   The first two chapters focus on the cultural and economic impact of television in Latin America, utilizing a novel dataset of telenovelas aired between 1960 and 2024. Chapter 1 extends the analysis of media influence to labor economics, studying the effect of televised female empowerment on female labor market outcomes. By …

A Labor Market Unleashed: College Football Labor Substitution In The Transfer Portal Era, Adrian M. Simion, Jeremy M. Losak, Catalina Bush

Sport Management - All Scholarship

College football's labor market has been transformed by litigation-driven regulatory change eliminating long-standing mobility restrictions. Central to this transformation is a new roster construction dilemma — whether to acquire experienced collegiate talent through the transfer portal or invest in traditional high school recruiting. Using a fixed effects panel of 127 Football Bowl Subdivision programs across six recruiting cycles (2019–2024), we examine whether schools substitute transfers for high school recruits. Three findings emerge. First, portal activity is associated with reduced three-star recruiting but no relationship with four-star or five-star prospects, with substitution driven by quantity rather than quality. Second, substitution is …

An Austrian Approach To Accounting Regulation: How Policy Intervention Distorts The Market For Assurance Services, Kyan Howe

Student Scholarship

This thesis applies the causal-realist method of the Austrian School of Economics to the market for assurance services in the United States. The central argument is that post-crisis accounting regulation has systematically distorted the incentive structures of independent public accounting firms in ways regulators do not predict and cannot fully control. Financial crises, properly understood through Austrian Business Cycle Theory, originate in monetary distortions rather than market failure. Post-crisis regulatory responses nonetheless target the profession rather than the underlying distortion, introducing rules that alter the institutional constraints within which auditors exercise professional judgment.

The thesis develops a judgment-based equation of …

Delenda Est Norfolk: The Tidewater Revolts!, Kiera Dillman, Alise Dunham, Kristen Gary, Olivia M. Haris, Nelliel A. Herrera, Logan Holzgrefe, R. J. Lynch, Adam M. Manis, David Mogan, Luke Pickard, Shayla M. Shaw, Landon Swain, Kenny Wilcox, Bailey M. Wimberly, Tracy L. Barnett

Student Projects

Introduction to the Exhibit:

Today—exactly 250 years after the signing of the Declaration of Independence—many Americans trace the origins of the nation’s revolutionary sentiment to Boston, Massachusetts or Philadelphia, Pennsylvania. We remember the violence of March 1770, when red-coated British soldiers fired into a crowded Boston street, massacring innocent colonists and igniting outrage. We recall the patriotic defiance of the Sons of Liberty, who boarded three East India Company ships and dumped chests of imported British tea into the Boston Harbor in December 1773. We can still hear, too, the reverberations of the “shot heard ’round the world,” when British …

Can Argentina Overcome The Lithium Natural Resource Curse? A Case Study Into Argentina's Institutional Framework For Lithium Supply Chain Development And Innovation, Colby Greene

Senior Theses

Through the analysis of the natural resource curse, the development of institutional frameworks in societal contexts, the nature of natural resource-based industry value chains, and value creation through institutions and value chains, all in the context of Argentina’s lithium industry, this paper finds that Argentina has failed to implement the necessary institutions and promote proper policy to promote value addition and real economic growth through the conduit of the development of the lithium industry, yet it is not actively a victim of the natural resource curse. In the hierarchical nature of mining value chains, Argentina has permitted their vast lithium …

A National Security Strategy For The Middle East, Vanessa Rice, Rudy Torres, Addy Horgan, Joy Omosa, Mark Westfall

School of Public Policy Capstones

This National Security Strategy addresses the persistent national security challenges the United States faces in the Middle East, a region vital for global energy supply, economic connectivity, and a source of anti-American extremism. Recognizing the failures of past "haphazard experimentation," the strategy proposes a thoughtful, pragmatic plan prioritizing five distinct and congruent interest areas: Maintaining Regional Access, Supporting Regional Stability, Ensuring Energy Security, Defending American Citizens and Personnel, and Preserving and Protecting Western Ideals. The strategy outlines actions such as: countering Chinese and Russian influence through intelligence sharing and defense incentives; containing Iran via a new, permanent nuclear deal and …

From Index To Impact: How Vietnam’S Provincial Competitiveness Index Shapes Governance, Investment And Reform, Edmund J. Malesky

Asian Management Insights

Why business leaders should watch Vietnam’s subnational reform experiment closely.

What Does It Take To Make Housing Affordable?, Sock Yong Phang

Asian Management Insights

Professor Phang Sock Yong’s body of work has shaped conversations around housing affordability both in Singapore and abroad—helping policymakers manage land, supply, finance and market rules as one integrated system.

From Ideas To Impact: Evaluating How Financial Technology Expands Financial Inclusion Across Countries, Shravani Atakari

Posters - 2026

Financial inclusion refers to access and use of financial services (World Bank, 2022). Traditional finance excludes users due to:

• High costs • Geographic distance • Limited credit History . Fintech expands access through digital tools Purpose: Analyze how fintech improves inclusion and what drives adoption

Research Questions How does financial technology reduce barriers to financial inclusion, and what factors influence its adoption among underserved populations? Objectives Identify key barriers to financial inclusion Analyze how fintech reduces these barriers Examine adoption factors (TAM + UTAUT) Propose solutions to improve adoption

Mexico Consensus Economic Forecast Volume 29, Number 1, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Pay-Per-Crawl Pricing For Ai: The Lm-Tree Agent, Richard Archer, Soheil Ghili, Nima Haghpanah

Cowles Foundation Discussion Papers

No abstract provided.

Growth With New And Old Technologies, Bernardo Ribeiro

Cowles Foundation Discussion Papers

This paper proposes a semi-endogenous growth theory that incorporates technology vintages and the endogenous evolution of multiple technological paradigms through innovation. It provides a characterization of both balanced growth equilibrium and transitional dynamics in an environment where new technologies continuously emerge. From a positive perspective, the model rationalizes two distinct empirical patterns. Using two centuries of US patent data, I first document that the age profile of patents has a pronounced hump shape: most contemporary patents build upon technologies that are between 50 and 100 years old. Second, this age profile has remained stable throughout the past century. From a …

Early Childcare Attendance And Cognitive Skills In Adolescence, Ingvild Almas, Nina Drange, Costas Meghir, Henrik Daae Zachrisson

Cowles Foundation Discussion Papers

This paper examines the impact of early childcare on academic achievement for children in grade 5 and grade 9, based on a 2003 policy expansion that created quasi-random variation in slot availability for children aged 1–2. Starting childcare one year earlier increases math scores by 9.7% of a standard deviation (SD) in grade 9. Children whose mothers do not hold a high school diploma benefit by a significant 0.28% of a SD at grade 9, reducing the math achievement gap from children of higher-educated mothers by about one third. We also present evidence of strong improvements for children of immigrants.

Macroprudential Easing Measures In The Context Of Contractionary Monetary Policy: The Case Of Brazil In 2014, Marcos Antonio Paliari, Marcos Roberto Vasconcelos

Journal of Banking and Financial Economics

This paper evaluates the effects of a macroprudential policy of regulatory easing implemented amidst a contractionary monetary policy in Brazil. The intervention, carried out by the Central Bank in the third quarter of 2014, relaxed reserve requirements on time deposits to stimulate bank credit for vehicle financing. Using a Difference-in-Differences approach with fixed effects by credit modality and month, the analysis is based on monthly disbursement data for consumer loans from 2011 to 2018. Twelve rolling monthly windows are used to capture the dynamic evolution of the policy’s effects. Results based on a synthetic control group indicate statistically significant and …

Budgeting Apps, Financial Literacy, And Financial Control, Max Masabo, Abdullah Mohammad Mahi

Presentations - 2026

Our paper shows the real hidden connections between budgeting app usage and financial wellbeing of U.S Households