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Quantitative Assessment Of The Presence Of A Bubble In The Higher Education Market, Kyle Birnbaum
Quantitative Assessment Of The Presence Of A Bubble In The Higher Education Market, Kyle Birnbaum
Honors Theses
The relationship between the value of a college education and the price of the diploma is explored for exuberance in light of the accelerating growth rate of college tuition. With the Great Recession of 2007 still in on the minds of the American public, bubble formation and the subsequent burst is a concern for future economic stability. Discussion on the presence of a higher education bubble continues to increase however it has yet to be quantitatively assessed. This paper utilizes a modified price-dividend ratio, tailored for higher education, implemented in the econometric model for bubble detection developed by Phillips, Wu …
Japanese Neet And Freeter: A Representation Of The Relationship Between Social Changes And Youth's Employment Pattern, Linh Hoang
Honors Theses
My paper attempts to analyze the existence of NEET (No Employment, Education or Training – ニート) and Freeter (Freelancing part-time worker - フリーター), two common groups of young unemployed people and irregular workers in Japan. Throughout the study, the relationship between Japanese social changes, modernization process and Japanese NEETs and Freeters is thoroughly examined. The first social change related to the establishment of these two groups is the transformation of employment system. The combination of a seniority-based system and performance-based system as well as their contrasts has increased the competitiveness in the job seeking war while eliminating some of the …