Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 7 of 7
Full-Text Articles in Social and Behavioral Sciences
Introduction, Ken Mccormick
The Economics Of Golf: An Investigation Of The Returns To Skill Of Pga Tour Golfers, Kelsey L. Rinehart
The Economics Of Golf: An Investigation Of The Returns To Skill Of Pga Tour Golfers, Kelsey L. Rinehart
Major Themes in Economics
Golfers on the Professional Golfers Association (PGA) Tour make up an elite labor market. The earnings of a PGA Tour golfer are determined by his performances in tournaments. Using PGA Tour data from 2002 and 2008, this paper explores returns to skill of PGA golfers and changes in returns to skill over the time period. Greens in regulation (GIR), putts per GIR, and sand saves are found to be statistically significant. The analysis in this paper does not provide any support to the idea that returns to skills for PGA golfers have changed over time.
Effects Of A Credit Crunch On Employment By Sector In The U.S.: How Have Recessions Associated With Credit Crunches Differed From Other Recessions?, Michael Boevers
Effects Of A Credit Crunch On Employment By Sector In The U.S.: How Have Recessions Associated With Credit Crunches Differed From Other Recessions?, Michael Boevers
Major Themes in Economics
Economists debate how important credit availability is to sustaining real economic growth. Episodes of financial instability and tight credit create a “credit crunch.” This paper investigates the effects of a credit crunch on employment in broad sectors of the U.S. economy. Monthly employment data is used to compare changes in employment by sector during recessions associated with a credit crunch and recessions not associated with a credit crunch. The results suggest that there is not a significant difference in how employment is affected in these broad sectors. The evidence supports the idea of a financial business cycle.
The Validity Of Karl Marx’S Theory Of Historical Materialism, Kaleb Shimp
The Validity Of Karl Marx’S Theory Of Historical Materialism, Kaleb Shimp
Major Themes in Economics
Marx’s theory of historical materialism uses the evolution of productive forces and class struggle to explain history. With the fall of communism in the 20th century, many components of historical materialism have come under fire. This paper is a defense of the validity of historical materialism and concludes that some of the arguments against Marx’s theory are unfounded, while others still hold weight. What remains is a broad view of history that still has value.
What Determines The Level Of Funding For An Endangered Species?, Josh Mahoney
What Determines The Level Of Funding For An Endangered Species?, Josh Mahoney
Major Themes in Economics
The U.S. federal government allocates resources for the protection of endangered species. Using an ordinary least squares regression, the study analyzes what variables affect the amount of funds an endangered vertebrate receives from the federal government. The results suggest that animal size affects spending decisions. Specifically, larger animals receive more money. Animals designated as high priorities by the federal government do not receive significantly more funds than animals given lower priority. Animals in conflict with economic development, however, are given preference in spending decisions. Overall, the results indicate a lack of consistency in current policy towards endangered species preservation.
Racial Salary Discrimination In The Nba: 2008-2009, Kyle Rehnstrom
Racial Salary Discrimination In The Nba: 2008-2009, Kyle Rehnstrom
Major Themes in Economics
This paper examines racial salary differences in the National Basketball Association for the 2008-2009 season. Previous studies that used data from the mid-1980s estimated salary premiums of between 16 and 20% for white players whose performance was comparable to black players. A study that used data from the late-1980s to early-1990s showed no significant salary differential between white and black players. Another study, using data from the 1990s, found no racial discrimination in the NBA, but did find a height premium of 7.4%. This paper will update previous studies by using more recent data to analyze salary discrimination in the …