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Social and Behavioral Sciences Commons™
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Articles 1 - 7 of 7
Full-Text Articles in Social and Behavioral Sciences
What Is The Optimal Subsidy For Exercise? Informing Health Insurance Companies' Fitness Reimbursement Programs, Molly E. Frean
What Is The Optimal Subsidy For Exercise? Informing Health Insurance Companies' Fitness Reimbursement Programs, Molly E. Frean
Economics Honors Projects
Health care costs account for 17% of US GDP and many programs and policies seek to reduce these costs. This paper focuses on exercise as preventive care due to its immense physiological benefits. I model the profit-maximizing choice of health insurance companies to subsidize exercise and the utility-maximizing choice of individuals to engage in exercise using a traditional principal-agent framework. I then use principles from behavioral economics and psychology to critique these models and provide further insight into understanding our underconsumption of such preventive services. I end with an evaluation of current programs and suggestions for improvement using empirical findings.
Does School Quality Affect Real Estate Prices? The Effect Of Top-Tier Elementary Schools On Property Prices In Shanghai, Wanyi Li
Economics Honors Projects
This study adapted the hedonic pricing model and inspected how varying elementary school quality affects property prices in Shanghai. Because the variation of school quality appeared before the capitalization of the housing market, the obtained results suggest a causal relationship. The data set comprises top-tier elementary school information from eWOM, the yearly school attendance zones published by the government, and the Shanghai Existing Property Index, which has a sample of similarly structured apartments. Main results show that prices on average increase 41.9% more in the top-tier school districts under the standardized housing system, and range from 15.5% to 69.7% among …
What Factors Influence Consumers’ Decisions To Purchase Energy Star Appliances?, Rosamond Mate
What Factors Influence Consumers’ Decisions To Purchase Energy Star Appliances?, Rosamond Mate
Economics Honors Projects
This paper examines how differences in operating costs and market availability affect ownership of Energy Star dishwashers and clothes washers. I use logistic regressions and data from the 2009 Residential Energy Consumption Survey and the EPA’s Energy Star program to quantify these effects. Results indicate that controlling for temporal changes is very important; after doing so I find that differences in availability of efficient appliances do not affect ownership patterns. Overall, the frequency of appliance use does not increase the household’s responsiveness to electricity prices, which suggests that consumers do not fully value efficiency when choosing among appliances.
The Country-Specific Nature Of Apparel Elasticities And Impacts Of The Multi-Fibre Arrangement, Lauren A. Martinez
The Country-Specific Nature Of Apparel Elasticities And Impacts Of The Multi-Fibre Arrangement, Lauren A. Martinez
Economics Honors Projects
Beginning with Krugman and Helpman’s theory of demand for differentiated products, this paper estimates 104 direct price elasticities of demand for apparel in the United States. While the literature has established that apparel elasticities vary by category and across countries, I examine how price elasticities of demand for apparel vary by country, regions, product characteristics, and after the end of the Multi-Fibre Arrangement. Results suggest that the country has the greatest single explanatory power in predicting price elasticities, and additionally, the “race to the bottom” hypothesis in the apparel industry is supported through increasing elasticity of 3.4% from the mean …
Does Information Lead To Household Electricity Conservation?, Devon M. Kristiansen
Does Information Lead To Household Electricity Conservation?, Devon M. Kristiansen
Economics Honors Projects
This paper estimates the effect of information on residential electricity consumption. Household reading expenditure, education level of the household head, and state “green” electricity pricing program participation rate represent the probability that a household has encountered information relating the carbon emission externalities of energy consumption and human-driven climate change. Reading expenditure has a significant negative effect on household electricity consumption. Initial increases in educational attainment increase electricity consumption, but education beyond high school reduces it. The predicted social norm effect of green pricing participation is insignificant.
How Has The Introduction Of Antiretroviral Therapy (Art) Affected The Dynamics Between Aids And Economic Growth In Sub-Saharan Africa?, Jose R. Rubio
How Has The Introduction Of Antiretroviral Therapy (Art) Affected The Dynamics Between Aids And Economic Growth In Sub-Saharan Africa?, Jose R. Rubio
Economics Honors Projects
This paper quantifies the economic effect of the use of antiretroviral therapy as a frontline strategy to fight AIDS using data on 29 countries in Sub-‐Saharan Africa. To this purpose, I use two-‐stage least squares estimation defining both a health equation and an education and health capital-‐augmented structural Solow growth equation. Through the introduction of antiretroviral therapy (ART) and HIV prevalence in the health equation, I indirectly link HIV and ART to economic growth. The results show that the HIV/AIDS epidemic reduces GDP per capita by 0.175% per marginal increase in HIV prevalence. ART increases GDP per capita by 0.048% …
U.S. Monetary Policy Announcements And Foreign Exchange Market Behavior, Qianyi Yang
U.S. Monetary Policy Announcements And Foreign Exchange Market Behavior, Qianyi Yang
Economics Honors Projects
This paper examines the time-varying and currency-dependency nature of exchange rate responses following the U.S. monetary policy announcements. Using high frequency exchange rate data in the past decade, we find that the exchange rates of most major currencies against the US Dollar respond negatively to the monetary surprises in the 2001 recession, while the response becomes positive during the 2008 recession. Meanwhile, the JPY has the opposite response than the other major currencies in the 2008 recession. These results further confirm the nonlinearity in the relationship between exchange rate dynamics and fundamental news announcements.