Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- 3 quantile IV estimators (1)
- Assortative marriage (1)
- Big data approach (1)
- Censored data (1)
- Censored interval regression (1)
-
- College gender ratios (1)
- Demographic features (1)
- Dynamic tax scoring (1)
- Dynamic tax scoring model (1)
- Endogeneity (1)
- Experimental applications (1)
- Gender ratio (1)
- Hidden orders (1)
- Income tax cuts (1)
- Income taxation (1)
- Macroeconomic model (1)
- Market impications (1)
- Monte Carlo (1)
- NASDAQ (1)
- Quantile treatment effects (1)
- Redistributional tax policy (1)
- Replicating mirrless 1971 (1)
- Wealth tax (1)
Articles 1 - 7 of 7
Full-Text Articles in Social and Behavioral Sciences
Flexible Censored Interval Regression With Experimental Applications, Daniel Walton, James Mcdonald
Flexible Censored Interval Regression With Experimental Applications, Daniel Walton, James Mcdonald
Journal of Undergraduate Research
Interval censored data, or grouped data, appears in well-established measurement techniques employed in many economic situations, including experimental economics. Estimation of parameters of models using these data de- pends critically on the model specification and method of estimation. Some methods can yield inconsistent and biased estimators when the distributional assumption of the model is misspecified. Our approach using partially adaptive estimation methods with flexible probability distributions mitigates such issues, including in the presence of heteroskedasticity (nonconstant variance in the explanatory variables) and skewness. In addition, we show that partially adaptive estimation applied in such settings increase the accuracy of estimates …
A Macroeconomic Model For Dynamic Tax Scoring Analyzing Income Tax Cuts, Evan Magnusson, Richard Evans
A Macroeconomic Model For Dynamic Tax Scoring Analyzing Income Tax Cuts, Evan Magnusson, Richard Evans
Journal of Undergraduate Research
The goal of this project was to analyze the consequences of income tax cuts on government revenues. We did so using a large overlapping generations (OLG) model. This model was calibrated to closely match the distribution of labor, income, and wealth in the U.S. economy across both heterogeneous age and ability groups. By using a dynamic model, we were able to take into account the macroeconomic feedback effects that are absent from some analyses of tax proposals. We found that while our income tax cut was not completely self-financing, about forty three percent of a ten percent decrease in the …
The Distributional Effects Of Redistributional Tax Policy: A Dynamic Tax Scoring Model, Isaac Swift, Kerk Phillips
The Distributional Effects Of Redistributional Tax Policy: A Dynamic Tax Scoring Model, Isaac Swift, Kerk Phillips
Journal of Undergraduate Research
In 2013 French economist Thomas Piketty, one of the leading experts on inequality, published a book titled Capital in the Twenty-First Century. This book quickly became a bestseller and received worldwide attention. In his book Piketty described data that he had carefully collected on income and wealth inequality over a few hundred years. From the data he noted that inequality has been on the rise in the U.S. for the last forty years, and he predicted it would continue to rise. He gave several policy proposals to combat this inequality. Among these proposals was a progressive wealth tax. My …
Quantile Treatment Effects With Endogeneity: A Monte Carlo Comparison Of 3 Quantile Iv Estimators, Alexander Poulsen, Brigham Frandsen
Quantile Treatment Effects With Endogeneity: A Monte Carlo Comparison Of 3 Quantile Iv Estimators, Alexander Poulsen, Brigham Frandsen
Journal of Undergraduate Research
Quantile instrumental variables estimators are a relatively new development in the econometric literature. Modern quantile regression was introduced in Koenker and Basset (1978), and has been used in many important applications in which researchers are interested in learning about the effects of variables on the distribution of an outcome variable, rather than just mean effects. Examples of these applications include changes in U.S. wage structure (Buchinsky 1994), the effect of school quality on student performance (Eide and Showalter 1998), and the relationship between innovation and firm growth (Coad and Rao 2008).
Market Implications Of Hidden Orders In The Nasdaq Order Book, Robert Buss, Dr. Scott Condie
Market Implications Of Hidden Orders In The Nasdaq Order Book, Robert Buss, Dr. Scott Condie
Journal of Undergraduate Research
In recent years, high frequency trading has increased trade volume significantly. High frequency traders employ various algorithms in order to maximize their individual profit. Supporters of high frequency trading claim that high frequency traders provide the market with more liquidity, while opponents assert that such trading strategies make the market more unstable. Because high frequency trading is a relatively new phenomenon, academic research has not yet thoroughly investigated and modeled how markets currently behave. Additional research will allow policy makers to better understand what types of behavior are occurring in the markets and asses what effects they have in order …
A Big Data Approach To Optimal Income Taxation Replicating Mirrlees 1971, Kramer Quist, Dr. Richard Evans
A Big Data Approach To Optimal Income Taxation Replicating Mirrlees 1971, Kramer Quist, Dr. Richard Evans
Journal of Undergraduate Research
Optimal labor income taxation research has long relied on simplifying assumptions regarding the convexity of policy maker decisions in order to make the associated calculus of variations optimization problem analytically tractable. Furthermore, researchers have assumed that taxable agents have simplistic distributions of ability few degrees of heterogeneity. We developed a model that removes assumptions of convexity, while allowing the taxable agents to have more realistic distributions of wages as well as higher degrees of heterogeneity. In order to show the functionality of our model, we replicate the optimal taxation problem developed in Mirrlees 1971.
Examining The Link Between College Gender Ratios And Assortative Marriage, Bryan Seegmiller, David Sims
Examining The Link Between College Gender Ratios And Assortative Marriage, Bryan Seegmiller, David Sims
Journal of Undergraduate Research
It has been well-documented that the latter half of the 20th century and the early 21st century has seen vast upheavals in the societal roles of males and females in Western society. One noted result of this gender revolution is the striking change in college gender ratios—in the US, for example, the male-to-female college gender ratio changed from 1.6 in 1960 to .74 in 2003 (see also Figure 1). These changes in college gender ratios can have profound impacts on marriage and family patterns seen in society. For example, a recent Time Magazine Article examined the effects of a lowered …