Social and Behavioral Sciences Commons^™

What Does One Billion Dollars Look Like?: Visualizing Extreme Wealth, William Mahoney Luckman

Dissertations, Theses, and Capstone Projects

The word “billion” is a mathematical abstraction related to “big,” but it is difficult to understand the vast difference in value between one million and one billion; even harder to understand the vast difference in purchasing power between one billion dollars, and the average U.S. yearly income. Perhaps most difficult to conceive of is what that purchasing power and huge mass of capital translates to in terms of power. This project blends design, text, facts, and figures into an interactive narrative website that helps the user better understand their position in relation to extreme wealth: https://whatdoesonebilliondollarslooklike.website/

The site incorporates …

A Pearl Ravaged: The Paradox Of Haiti And Its Socioeconomic Origins, Isabel Ishibe Exel

Dissertations, Theses, and Capstone Projects

Saint-Domingue was once the most profitable colony of the Caribbean, the so-called pearl of the Antilles. Nowadays, Haiti is known for being the poorest country in the Western Hemisphere, a dramatic shift that raises the question of the factors contributing to Haiti's current state, marked by persistent violence, natural disasters, and political instability. Various discourses have framed Haiti as a country doomed for failure. However, relying on binary concepts such as success and failure is counterproductive to a refined analysis. How, then, should we structure this conversation? My ultimate goal for this work is to provide a nuanced analysis of …

Containerization Of Seafarers In The International Shipping Industry: Contemporary Seamanship, Maritime Social Infrastructures, And Mobility Politics Of Global Logistics, Liang Wu

Dissertations, Theses, and Capstone Projects

This dissertation discusses the mobility politics of container shipping and argues that technological development, political-economic order, and social infrastructure co-produce one another. Containerization, the use of standardized containers to carry cargo across modes of transportation that is said to have revolutionized and globalized international trade since the late 1950s, has served to expand and extend the power of international coalitions of states and corporations to control the movements of commodities (shipments) and labor (seafarers). The advent and development of containerization was driven by a sociotechnical imaginary and international social contract of seamless shipping and cargo flows. In practice, this liberal, …

Essays In Macroeconomics And Finance, Archil Dvalishvili

Dissertations, Theses, and Capstone Projects

Chapter 1: (A Quantitative Analysis of Interest on Reserves and Reserve Requirements) - I construct a medium scale DSGE model with financial frictions both on the demand (entrepreneurs) and supply (banks) sides of credit to study the costs and benefits of fixed/time-varying minimum reserve requirements and interest paid by the Fed on reserves.The results can be summarized as follows: (1) An optimal time-varying minimum reserve requirement generates substantial welfare gain when compared with a fixed minimum reserve requirement when no interest is paid on reserves. (2) Paying interest on reserves is substantially welfare inferior to a policy with no interest …

Budget Capping Health Care: Its Impact On Health, Susan Chen

Theses and Dissertations

The goal of a budget cap on healthcare is to constrain total healthcare expenditure without compromising quality. This paper examines the impacts of budget capping on health and behavioral health outcomes, exploiting the completed Maryland All-Payer Model and the ongoing, extensional Maryland Total Cost of Care model, both of which capped healthcare budgets in Maryland. I use data from 2011-2021 surveys of the Behavioral Risk Factor Surveillance system and generalized difference-in-difference regression models to find that budget capping improves health and behavioral health outcomes with a greater favorable effect during the Maryland Total Cost of Care model.

Understanding The Impact Of Incentive-Driven Changes In Hospital And Physician Practice Styles, Ke Zeng

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that investigate impact of incentive changes on hospital and physician practice styles, as well as patient outcomes.

In an effort to curb the escalating healthcare expenditure, the Center for Medicare \& Medicaid Innovation has introduced several alternative payment models, which have garnered significant attention in numerous studies with varied findings. This first chapter introduces the focal point of this thesis, namely the Comprehensive Care for Joint Replacement (CJR) model, and provides a review of pertinent studies that have examined this model and related areas. Specifically, this chapter reviews and summarizes the findings from studies …

Essays In Health Economics, Chuxin Liu

Dissertations, Theses, and Capstone Projects

In Chapter 1, I investigate the effect of a financial incentive from the Centers for Medicare and Medicaid Services (CMS) on new medical procedure technology diffusion. I examine how the incentive affects diffusion among Medicare patients, for whom hospitals receive the incentives, and non-Medicare patients for whom there are no incentives. I answer these two questions by studying the New Technology Add-on Payment (NTAP) program offered by Medicare (Part A). It is unknown whether its incentive is enough to encourage diffusion under the prospective payment system and it also remains unknown whether it spills over to non-Medicare patients or crowds …

Skilled Workers’ Mobility And Attrition: The Case Of Florida Emergency Medicine Physicians, Vassina Hassane Meite

Theses and Dissertations

Emergency medicine (EM) physicians constitute the front line of healthcare providers. They work swiftly to address critical situations, diagnose illnesses, and stabilize patients. Amidst a growing need and shortage of EM physicians, this longitudinal descriptive study captures EM physicians’ preferences for practice locations by studying Florida EM physicians’ relocation patterns between 2006 and 2020. Esti- mates from a Cox Proportional-Hazards model and fixed effects logistic regressions suggest that wage amenities are not a strong determinant of relocation over time. Physician attrition and relocation are instead more saliently affected by high work volumes within the EM physician’s primary work location.

Shifting Frontiers Economic Consequences Of The Polish Partitions, Andrew J. Fox

Theses and Dissertations

This thesis uses spatial regression discontinuity design to examine the impacts of historical border changes on economic development in modern Poland. Positive effects on institutions and infrastructure are found in the Austro-Hungarian zone of the Polish partition, while the Prussian zone suffer negative consequences due to 20th-century destruction and post-war expulsions.

Principles Of Financial Management Chapter 1 - 4, Dorina Tila

Open Educational Resources

This work includes a teaching material that could be the embryonic stage of a textbook for a Principles of Financial Management course.

Principles of Financial Management is a course that introduces you to key financial concepts and the application of financial analysis in making sound business decisions. Topics covered are time value of money, risk and rates of return, asset valuation, capital budgeting, and capital structure, and more. At the end of the course, you will gain an understanding of financial assets, financial markets, financial intermediaries, and the banking system. You will also be able to understand financial statements (i.e., …

Economic Factors And Theories Of Decline And Reform In The Late Ottoman Empire C. 1789–1911, Peter S. Gomori

Dissertations, Theses, and Capstone Projects

Tribes of Turkish speaking people (“Turks”) migrated in the 11th century from the Central Asian Steppes to what we consider the Middle East. Over the next two centuries this community would expand north, west and south to form a vast empire: the Ottoman Empire. Possibly the peak of the size of this empire would probably occur during the 16^th century under the rule of the Sultan, Suleiman the Magnificent (1494- 1566) where the population of the Ottoman Empire was estimated to be up to 30 million. Yet there would be rivals. To the East was the Safavid Empire (today …

Essays On Tax Impacts On Corporate Finance, Corporate Governance And Regional Disparity, Mei Li

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics on tax impacts on corporate finance, regional disparity and corporate governance.

Chapter 1 - How Do Net Operating Loss Carryforwards Affect Tax Impact on Corporate Capital Structure? This paper examines the impact of net operating loss (NOL) carryforwards on the tax implications of corporate capital structure. Leveraging the Tax Cuts and Jobs Act of 2017 (TCJA), the largest tax reform in four decades, this paper investigates the effect of NOL carryforwards on firms' sensitivity to tax reforms. As NOL carryforwards have become increasingly significant since 2000, but not widely researched due …

Self-Employment Industry Selection: An Evaluation Of Wealth And Demographics On Industry Choice In The U.S., Samuel Ramirez

Theses and Dissertations

This paper evaluates the impact of financial resources and demographics on industry choice by self-employed business owners. I use a multinomial logistic regression to estimate the probability of having a business in a particular industry. The results suggest that entry into industries are hampered by financial constraints and social barriers.

Does Low-Income Housing Change Neighborhoods? Evidence From The Low Income Housing Tax Credit Program, Maria Dikler

Theses and Dissertations

This paper examines how LIHTC developments affect a census tract's characteristics. The results indicate that tracts with LIHTC developments have increased education, poverty, diversity, renters, and multi-family buildings. These tracts also have decreased household incomes and rents. However, the study reveals no significant effects on labor force participation or employment.

The Effect Of Google Fiber On Incumbents' Average Broadband Speed, Erick J. Solis

Theses and Dissertations

Broadband speeds have important effects on firms and households. Using data from the FCC ``Form 477" database, the Census Planning database, and Google's solicitation to communities interested in high-speed internet (Google Fiber RFI), I estimate the effect of Google Fiber rollout on internet download speeds offered by incumbent firms to consumers. I implement a difference-in-difference approach using census Metropolitan Statistical Areas as my definition of a broadband market. My approach captures both the direct and spillover effects of Google Fiber rollout. My findings show that average incumbents’ speed is 20 percent higher in markets where Google Fiber entered; the results …

Stock Splits And Corporate Peer Effects, Albert J. Saad

Theses and Dissertations

We find that a company’s decision to execute a stock split is affected by the number of stock splits carried out by its peers. Through the use of a broad peer group construction methodology, we also reveal the presence of asymmetric effects with regard to companies of different market capitalization size. In the periods of 1983–1996 and 1997–2009 we find that firms are more likely to split their stock if more of their peers have recently done so. However, in the period of 2010–2019 we see that the opposite is true. These results provide further evidence on social learning from …

The Effects Of Lower Speed Limits On Fatalities And Serious Injuries, Naufa Nuha

Theses and Dissertations

Responding to concerns about road safety, New York City passed a law called Vision Zero in 2014 that progressively decreased all local road speed limits to 25 miles per hour. This was in an effort to increase road safety from collisions. Starting a year prior to Vision Zero, the city started lowering speed limits in certain high-risk roads. I use data on accidents from New York City Open Data to examine the effect of reducing speed limits in Manhattan. The analysis exploits the implementation of lower speed limits on some roads prior to 2014 that provides a quasi-experimental design. Estimates …

Heterogeneous Effects In The Prospects Of Upward Mobility Hypothesis: The Roles Of Risk And Political Beliefs., Nathaniel Badalov

Theses and Dissertations

I test for heterogenous effects in the Prospects of Upward Mobility (POUM) hypothesis framework. This framework suggests that individuals who are poorer than average but expect to become richer than average support less redistribution. Using a survey of households in primarily transition economies - Life in Transition Survey (LiTS2) and ordered logistic regression, I test whether the POUM effect is influenced by the riskiness of the individual's environment or political beliefs. The results suggest that the POUM effect holds independent of the riskiness of the environment but is conditional on political beliefs. The prospects of upward mobility decrease redistributive support …

Dimensionality Reduction Techniques In Macroeconomic Analysis, Abigail Rogot

Student Theses and Dissertations

Over the past several decades, rapid innovation in data collection methods and technology has led to the development of dimensionality reduction techniques when dealing with a large number of predictors and time series observations. Especially relevant to the field of economics, many macroeconomic indicators rely on processing vast sets of data, often dealing with variables of different frequencies. Broadly, monetary policy is influenced by real-time evaluations of current and future economic conditions, meaning that lags in re- leases produce incomplete datasets. This paper closely examines the development and applications of two popular dimensionality reduction techniques: Principal Component Analysis (PCA) and …

Bearer Negotiable Instruments: Addressing A Financial Intelligence Gap And Identifying Criminogenic Weaknesses, Hollis B. Kegg

Dissertations, Theses, and Capstone Projects

Bearer Negotiable Instruments (BNI) are a long-standing category of financial instruments used to transfer large amounts of money in ways that may not be subject to regulation, reporting, tracking, review, or oversight. There is limited information available on BNIs, and no evidence that any studies have been undertaken on BNIs alone, much less reported. Increasingly, BNIs are being used for illegal purposes including money laundering. This study gathers information about their characteristics, nature, purpose, legal status, and numbers. It also focuses on the crime risks associated with BNIs, the crime opportunities they facilitate, and the criminal weaknesses in the financial …

Essays On Entrepreneurship, Yoshiko Oka

Dissertations, Theses, and Capstone Projects

This dissertation explores the determinants of successful entrepreneurship and entrepreneurial entry. It consists of three chapters.

Chapter 1 estimates the effect of regional concentrations of related industrial firms and business owners' cognitive and non-cognitive traits on their business survival. Using data from the National Longitudinal Survey of Youth 1979 and the County Business Patterns, I find that incorporated businesses that operate in a location where similar businesses are clustered together have a significantly higher chance of survival. However, the effect of location appears to be insignificant for unincorporated businesses. On the other hand, the results show that businesses that are …

The Effects Of The Social Security Amendments Of 1983 On Employment Status, Alcohol Consumption, And Depression, Adam J. Delgenio

Theses and Dissertations

Nearly four decades ago, Congress passed the Social Security Amendments of 1983. The changes were significant, and they pressured people to delay retirement. In this thesis, I use individual-level data from the Annual and Social Economic Supplement of the Current Population Survey and the Health Retirement Study to analyze the effects of the amendments. The amendments affect individuals at the same age, but across different years. Year of birth determines treatment by the amendments. I control for year of birth and age effects in a difference-in-difference model and interact treatment with age to identify the effects of the amendments on …

Effects Of The Raising The Minimum Legal Purchasing Age For Tobacco On Cigarette, Cocaine And Inhalant Consumption, Ahmed Adil

Theses and Dissertations

Over the past few years, several states have passed laws that increase the minimum legal purchasing age (MLPA) for tobacco from 18 to 21 years. This study examines the impact of statewide MLPA laws on youth tobacco consumption. Using data from the 2009-2019 Youth Risky Behavior Surveys (YRBS) and a difference-in-differences approach, I find that the enactment of MLPA laws is associated with a decrease in tobacco usage among adolescents. I also find that MLPA laws have important spillover effects to other youth risky behaviors. MLPA law adoption is associated with a reduction in cocaine use and inhalant abuse.

Information, Communication, And Technology In Developing Countries: The Impediment To Nigeria Economic Growth, Fatima Ali Muhammed

Dissertations and Theses

Technological revolution has shifted the world to a post-industrial society as information communication and technology (ICT) govern the centrality of human interaction. ICT has become widely influential at all levels of life, especially socially and economically.

In the 21st century, innovative technologies have become a crucial element of accelerating all factors of production to deliver rapid and effective results in every sector of the economy. The Internet, as a component of ICT, has become the global computing network that facilitates the access, analysis and dissemination of infinite information rapidly using advanced technology.

Policy makers, researchers, business leaders, academics are all …

Fairness Doesn't Have To Be Egalitarian: Evidence From Bargaining Games, Kevin Wong

Theses and Dissertations

I develop a theoretical model and provide experimental evidence that social norms of fairness play a critical role in determining equilibrium outcomes in bargaining games.

Financial Institutions Continue To Adopt Crypto Despite Industry Turmoil, Andre Beganski

Capstones

Even though this calamitous year has raised doubts about crypto's future, not a single large financial institution has backed away from their forays into digital assets. And despite a period of turmoil that’s seen the market value of all cryptocurrencies crater to under $880 billion from over $3 trillion, many sizable firms continue to view crypto as an emerging sector of finance and technology that’s rife with opportunity.

While financial firms have the potential to foster a widespread perception of cryptocurrencies as a legitimate asset class, their involvement runs counter to the intent of those who pioneered blockchain technology for …

Logic, Co-Ordination And The Envelope Of Our Beliefs, Rohit J. Parikh

Publications and Research

Each of us has a story which we can think of as a set of beliefs, hopefully consistent. We make our decisions in view of our beliefs which may be probabilistic, in the general case, but simple yes or no as in this paper. Our beliefs are our envelope just as the shell of a tortoise is its envelope.

Decision theory - or single agent game theory tells us when to make the best choice in a game of us against nature. But nature has no desire to further or frustrate our efforts. Nature is mysterious but not malign.

Things …

The Impact Of Covid-19 On Employment Characteristics, Eliana Shatkin

Theses and Dissertations

The following study examines ways in which COVID-19 has disrupted the United States labor market. My findings present disproportionately negative effects of COVID-19 on employment, labor force participation, worker absence, and weekly working hours for the female population in my sample, as well as veterans, disabled persons, and racial minorities.

Algorithmic Rationality, Rohit J. Parikh

Publications and Research

The notion of rationality is much discussed by both Economists and Philosophers. Perhaps you are rational if you accept certain axioms of rationality. If you prefer A to B and B to C then you must prefer A to C. Or you can define rationality in terms of the net results of your behavior. We examine a notion of algorithmic rationality. Even animals upwards from the humble tick carry out algorithms. Are they rational? And can we use this theory to define the IQ of animals?

Theory Of Collective Action, Rohit J. Parikh

Publications and Research

Theory predicts that when people pursue their selfish aims then it leads to suboptimal outcomes for society or to the group they belong to. The prisoner's dilemma and the tragedy of the commons are classic examples. In her presidential lecture to the American Political Science Association Elinor Ostrom examined this fact and also noted that in practice people do not always follow the suboptimal strategy. What does she suggest? This document consists of slides I created giving an account of her paper. She had not won the Nobel when she gave this talk but it was conferred on her later.