Social and Behavioral Sciences Commons^™

Burden Of Disease Associated With Lower Levels Of Income Among Us Adults Aged 65 And Older, Erica I. Lubetkin, Haomia Jia

Publications and Research

Background: Persons aged 65 years and older represent a heterogeneous group whose prevalence in the USA is expected to markedly increase. Few investigations have examined the total burden of disease attributable to lower levels of income in a single number that accounts for morbidity and mortality.

Methods: We ascertained respondents’ health-related quality of life (HRQOL) scores and mortality status from the 2003 to 2004, 2005 to 2006, 2007 to 2008 and 2009 to 2010 cohorts of the National Health and Nutrition Examination Survey (NHANES) with mortality follow-up through 31 December 2011. A mapping algorithm based on respondents’ age and answers …

New Trade, New Politics: Intra-Industry Trade And Domestic Political Coalitions, Mary Anne Madeira

Publications and Research

Why are industries highly active in some battles over international trade policies, but in other instances, individual firms are highly active and industry groups are subdued? I argue that rising intra-industry trade in the postwar period has undermined traditional trade coalitions and created new opportunities for individual firms to become politically active. Drawing on new trade theories from economics, as well as work on firm heterogeneity and lobbying, I argue that industry associations become less active as intra-industry trade increases due to competing trade preferences among member firms. At the same time, individual firms become more politically active. My results …

Intertemporal Poverty Among Older Americans, Gulgun Bayaz-Ozturk, Sean Macdonald

Publications and Research

This study uses aggregate intertemporal poverty indices proposed by Gradin, Del Rio, and Canto (2012) to measure poverty among older American households of different races from 2001 through 2009 employing data from the Health and Retirement Study. The findings indicate that the incidence of intertemporal poverty is higher among Black and Hispanic households and that it is also more intense and of longer duration. In our investigation of antipoverty effects of the Supplemental Nutrition Assistance Program, we find that the program has a significant impact in reducing intensity and inequality of poverty among poor populations. However, it does not significantly …

How Much Should You Pay For A Financial Derivative?, Boyan Kostadinov

Publications and Research

We explain some key mathematical ideas behind the no-arbitrage pricing of financial derivatives by replication, starting from a simple coin toss model and ending with the continuous-time limit of a multi-step coin-toss model using a geometric random walk model. In the limit, we obtain the classical Black-Scholes-Merton formula for pricing European call and put options.

Performance Of American And Russian Joint Stock Companies On Financial Market. A Microstructure Perspective, Magdalena Osińska, Andrzej Dobrzyński, Yochanan Shachmurove

Publications and Research

This paper compares the periods before and after the Ukrainian crisis of 2014 from the perspective of market microstructure. The hypothesis is that the crisis influenced the fragile Russian financial market equilibrium. As financial markets adapt to the new equilibrium, the paper studies the effects of the crisis and the imposition of economic sanctions on Russia in terms of volatility, duration, prices and volume for selected joint stock companies listed on the U.S. and the Russian stock markets. Results reveal that the Moscow Stock exchange lacks an appropriate transmission mechanism from informed investors to the rest of the market.

Insatiability And Crisis: Using Interdisciplinarity To Understand (And Denaturalize) Contemporary Humans, Sean P. Macdonald, Costas Panayotakis

Publications and Research

This chapter illustrates how collaboration between different social sciences can encourage students to think critically about prevailing assumptions regarding human nature. Both the chapter and the pedagogical experience on which it is based investigate the distinctive type of human created by capitalist society. In so doing, it takes a heterodox approach to analyzing the concept of an insatiable human nature through a case study that invites students to critically assess this perspective. This discussion then leads to an investigation and critique of traditional neoclassical Economic assumptions about human behavior, which forms the basis for a case study on the causes …

Has Stagnant Real Income Growth Contributed To An Uneven U.S. Housing Market Recovery Following The Great Recession?, Sean P. Macdonald

Publications and Research

The U.S. housing market recovery following the Great Recession has in many ways been atypical of earlier housing market recoveries. There is evidence that the recovery from 2011 through 2016 has disproportionately occurred among higher income earners, while improvement in the middle and moderate income sectors appears to have occurred later and to have been comparatively less robust. Stagnant growth in real median household income among moderate and middle income households and a weaker rate of new household formation during and immediately following the recession are seen as key variables contributing to an uneven housing market recovery.