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Social and Behavioral Sciences Commons™
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
(Wp 2005-03) Openness, Centralized Wage Bargaining, And Inflation, Joseph P. Daniels, Farrokh Nourzad, David D. Vanhoose
(Wp 2005-03) Openness, Centralized Wage Bargaining, And Inflation, Joseph P. Daniels, Farrokh Nourzad, David D. Vanhoose
Economics Working Papers
This paper develops a model of an open economy containing both sectors in which wages are market-determined and sectors with wage-setting arrangements. A portion of the latter group of sectors coordinate their wages, taking into account that their collective actions influence the equilibrium inflation outcome in an environment in which the central bank engages in discretionary monetary policymaking. Key predictions forthcoming from this model are (1) increased centralization of wage setting initially causes inflation to increase at low degrees of wage centralization but then, as wage centralization increases, results in an inflation dropoff; (2) a greater degree of centralized wage …
(Wp 2005-05) Assessing The Determinants Of Willingness To Pay For Urban Flood Control: The Role Of Locational, Demographic And Attitudinal Factors, David E. Clark, Robert J. Griffin, Vladimir Novotny
(Wp 2005-05) Assessing The Determinants Of Willingness To Pay For Urban Flood Control: The Role Of Locational, Demographic And Attitudinal Factors, David E. Clark, Robert J. Griffin, Vladimir Novotny
Economics Working Papers
The urbanization of urban watersheds can influence flooding risks. Traditional Federal Emergency Management Agency (FEMA) flood risk maps identify 100 year floodplains. These maps are updated infrequently. However, as a community urbanizes, flood risks can change, especially for downstream residents. Thus, one would expect that the willingness to pay (WTP) to prevent the worsening of flooding risk would depend in part on the location of the household in the community and their associated flooding risk. Economists and regional scientists have evaluated the role played by traditional demographic factors. However, attitudinal factors measuring community norms, political philosophy, and other psychological factors …
(Wp 2005-04) The Effects Of Ignoring Train Whistle Bans On Residential Property Values, David E. Clark
(Wp 2005-04) The Effects Of Ignoring Train Whistle Bans On Residential Property Values, David E. Clark
Economics Working Papers
No abstract provided.
(Wp 2005-02) Social Identity Strategies In Recent Economics, John B. Davis
(Wp 2005-02) Social Identity Strategies In Recent Economics, John B. Davis
Economics Working Papers
This paper reviews three distinct strategies in recent economics for using the concept of social identity in the explanation of individual behavior: Akerlof and Kranton’s neoclassical approach, Sen’s commitment approach, and Kirman et al.’s complexity approach. The primary focus is the multiple selves problem and the difficulties associated with failing to explain social identity and personal identity together. The argument of the paper is that too narrow a scope for reflexivity in individual decision making renders the problem intractable, but that enlarging this scope makes it possible to explain personal and social identity together in connection with an individual behavior …