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Full-Text Articles in Social and Behavioral Sciences
Racing The Machine: Automation-Induced Inequality Through The Lens Of The Fourth Industrial Revolution, Evelyn Martin
Racing The Machine: Automation-Induced Inequality Through The Lens Of The Fourth Industrial Revolution, Evelyn Martin
Economics Theses
This paper analyzes the scope and velocity of automation-induced inequality as a result of the Fourth Industrial Revolution. We find that, when left unchecked by intentional government policy, the direct impacts of inequality will affect virtually all demographic groups and occupational skill levels, as well as, be hastened by future recessions and noticeable skill biases. We find that unconditional cash transfers in the form of a universal basic income have the potential to address the aforementioned scope and velocity due to their cash transfer modality and universal qualities. As we are living through the start of the Fourth Industrial Revolution, …
Quantitative Easing And Inequality: Qe Impacts On Wealth And Income Distribution In The United States After The Great Recession, Emily Davis
Economics Theses
In response to Great Recession, the Federal Reserve implemented quantitative easing. Quantitative easing (QE) aided stabilization of the economy and reduction of the liquidity trap. This research evaluates the correlation between QE implementation and increased inequality through the recovery of the Great Recession. The paper begins with an evaluation of the literature focused on QE impacts on financial markets, wages, and debt. Then, the paper conducts an analysis of QE impacts on income, household wealth, corporations and the housing market. The analysis found that the changes in wealth distribution had a significant impact on increasing inequality. Changes in wages were …
Reducing Global Carbon: Creating An American Policy, Cameron Otsuka
Reducing Global Carbon: Creating An American Policy, Cameron Otsuka
Economics Theses
The United Nations Intergovernmental Panel on Climate Change’s (IPCC) first assessment report, released in 1990, calculated that carbon dioxide (CO2) emissions had been responsible for more than half of the greenhouse gas effect. As of 2006, the United States, China, and European Union (EU) consume 56% of global CO2 emissions (Brinkley & Less, 2010). Figure 1, below, shows that CO2 levels have continued to rise at basically the same rate since before the 1960s (Tans & Keeling). 23 years later, on September 27, 2013, the IPCC released its fifth assessment report, concluding that climate change is the result of human …