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Articles 31 - 60 of 320
Full-Text Articles in Economics
The Value Of A Vote: Vote Pivotality Information And Its Impact On Voter Willingness To Accept, Nicholas J. Sickinger
The Value Of A Vote: Vote Pivotality Information And Its Impact On Voter Willingness To Accept, Nicholas J. Sickinger
Honors Theses
A variety of factors influence the decision to participate in a democratic election or not. This paper explores one of these factors: an individual’s perceived pivotality. I explore how people assess the value of their vote when they are informed about the likelihood that their vote will be pivotal. To do so, I conduct an online voting experiment where subjects participate in three different stylized elections: a marginal election, a landslide election, and an uninformed election (where the voter distribution is unclear to participants). I elicit participants’ vote valuations and compare them across election conditions and demographic groups using both …
Deconstructing The Greenium: Exploring Mispricing In The Green Bond Market, Koto Yamada
Deconstructing The Greenium: Exploring Mispricing In The Green Bond Market, Koto Yamada
Honors Theses
This paper investigates the sources and conditions under which the greenium – a yield discount observed for green bonds relative to comparable conventional bonds – appears in global fixed income markets. Using a dataset of over 26,000 bonds issued between 2012 and 2024 across 37 countries and 5,400 firms, I find that the existence of the greenium is highly context-dependent, shaped by factors such as issuer reputation, institutional trust, and green capital allocation across sectors. Repeat green issuers receive yield discounts of up to 57 basis points, particularly in the EU and Nordic countries, where strong climate policies and disclosure …
Drivers Of Heat Pump Installation In Maine: Climate Shocks, Politics, And Incentives, Micah J. Margolis
Drivers Of Heat Pump Installation In Maine: Climate Shocks, Politics, And Incentives, Micah J. Margolis
Honors Theses
Heat pumps are a growing trend as climate adaptation measures around the world and are gaining significant popularity and attention due to a number of environmental and social factors across Maine. Homeowners in Maine face difficult financial and personal pressures when considering a heat pump. Impacting this decision is a high cost of energy, a substantial rebate offsetting the purchase price, as well as summers and winters that are warming beyond record highs and lows. Previous research has looked at specific populations or large regions without considering the long-term personal drivers of this decision. I use data from Efficiency Maine, …
Global Rate Pass Through: Impact Of The Global Savings Market On Home Prices In The Uk, Laxmi Namboodiri
Global Rate Pass Through: Impact Of The Global Savings Market On Home Prices In The Uk, Laxmi Namboodiri
Honors Theses
This paper examines how changes in the global savings and investment market impact housing prices and supply in the United Kingdom. I first constructed a global interest rate using principal component analysis. Then, using structural VARs, I estimate impulse response functions to study the dynamics of housing prices and supply in the UK with an impulse in the global interest rate. The model predicts that housing prices and supply will increase immediately and then decrease after a lag. The decrease is primarily driven by the years after the stock market crash as opposed to before.
The Relevance Of Information On Effective Charitable Giving, Pride J. Jia
The Relevance Of Information On Effective Charitable Giving, Pride J. Jia
Honors Theses
The most effective charities are often more than a hundred times as effective as the average charity. However, top charities are not prioritized, and donation money is not used most effectively. To address this issue, it is crucial to understand why effective charitable giving is not prioritized. One factor identified in previous research is the limited access to cost-effectiveness information among donors. Our research explores whether providing individuals with different forms of information about charities leads to more effective donation decisions. Through an online RCT, individuals are separated into groups exposed to different types of information about two charities and …
Mucking Up Public Health: A Geospatial Analysis Of Agricultural Sludge Application And Cancer Prevalence In Maine, Sarah A. Bassett
Mucking Up Public Health: A Geospatial Analysis Of Agricultural Sludge Application And Cancer Prevalence In Maine, Sarah A. Bassett
Honors Theses
This study investigates the impact of per- and polyfluoroalkyl substances (PFAS) on cancer prevalence throughout Maine. The main contribution of this project is the database constructed to examine cancer rates at a novel aggregation area: watersheds. By using a watershed as the aggregation area, this study gains insight into the threat that spreading sludge as fertilizer on agricultural fields poses to human health through groundwater pathways. Using geospatial analysis and an ordinary least squares regression model, this study estimates the effect of the presence of PFAS in a watershed from 2017 to 2021, in addition to estimating the impact of …
From Colony To Classroom: British Rule And Contemporary Educational Outcomes In India, Yashvita Shukla
From Colony To Classroom: British Rule And Contemporary Educational Outcomes In India, Yashvita Shukla
Honors Theses
This study analyzes the modern day legacy of British colonial ruling structures on Indian educational outcomes. In directly ruled areas, the British retained total control, while Indian princes in indirectly ruled areas had administrative agency. I find that directly ruled districts have higher literate population shares across both genders over three census years, but no significant difference by 2011 in primary, secondary, and tertiary education, controlling for colonial geographic conditions. Gender-disaggregated results generally find stronger colonial effects for women than men. This thesis challenges earlier findings and implies that the British effort to create an educated administrative class and their …
Examination Of Urban Spatial Structure After Covid Based On Hedonic Price Model, Shaoting Wen
Examination Of Urban Spatial Structure After Covid Based On Hedonic Price Model, Shaoting Wen
Honors Theses
The traditional monocentric and polycentric city model assumes that people commute to the urban centers/subcenters (UCS) for work and, thus the houses close to the centers have convenience premium in commuting cost which drives up their prices. However, with more and more people switching to hybrid /remote working, average commute cost decreases, leading to the location of UCS and commute time influence less on housing price. This paper revisited the hedonic price model under the polycentric city context with the introduction of kernel density estimation (KDE). By choosing three of the top ten high-remote potentials and three of the top …
American And German Environmental Policy: Differences In Institution Building Between The Great Lakes And Lake Constance, Thomas Johnson
American And German Environmental Policy: Differences In Institution Building Between The Great Lakes And Lake Constance, Thomas Johnson
Honors Theses
When it comes to the protection of water sources, the relationships between stakeholders around the Great Lakes region and the Lake Constance region differ remarkably. This is due to a variety of different reasons, the biggest reason being the major differences between the political norms of these two areas. During the 1960’s and 1970’s the relations between America and Canada and their respective ecological coalition groups were very different from those between Germany, Switzerland, Austria and their coalition groups. These differences resulted in a distinct evolution in the formation and handling of Transnational Advocacy Coalitions, or parapublic institutions, in the …
Bargaining On The Nile: Modeling The Impact Of The Grand Ethiopian Renaissance Dam (Gerd) On Egyptian And Ethiopian Negotiations, Madeleine Rachel Dotson
Bargaining On The Nile: Modeling The Impact Of The Grand Ethiopian Renaissance Dam (Gerd) On Egyptian And Ethiopian Negotiations, Madeleine Rachel Dotson
Honors Theses
This thesis investigates the role of dams in bargaining and analyzes the current conflict between Egypt and Ethiopia over the Grand Ethiopian Renaissance Dam (GERD). Dams are analyzed using a strategic competitive market model. The model demonstrates the asymmetrical power balance between an upstream and downstream state. Ultimately, the model shows that the upstream state can reduce its quantity with relatively less lost potential than the downstream state’s benefits. Thus, upstream- downstream cooperation can generate positive net gains from trade. In the context of Egypt and Ethiopia, bargaining failures are certainly possible. However, a quota could increase the net gains …
Case Studies In Financial Accounting, Martina C. Gratz
Case Studies In Financial Accounting, Martina C. Gratz
Honors Theses
The thesis is a combination of four case studies that were completed in the 2023-2024 academic year under the supervision of Dr. Victoria Dickinson. The first two cases look at the impact of Chinese markets entering the New York Stock Exchange and the effect Environmental, Social, and Governance legislation will have on Americans and the accounting profession. The third case looks at the beliefs of Dr. Sowell and Dr. Carson and how the implementations of these beliefs can positively impact the United States economy. Finally, in the last case we focus on the Mississippi economy and a project that can …
Better Understanding The Risks And Costs Of Motherhood In The Post-Roe United States, Mackayla Wall
Better Understanding The Risks And Costs Of Motherhood In The Post-Roe United States, Mackayla Wall
Honors Theses
This paper reviews the literature on the risks and costs of motherhood. The paper compares and analyzes various studies conducted between 1990 and 2023 relating to family planning, pregnancy, and maternal health in America. Changes in healthcare legislation and policies, as well as access to contraception and abortion, have all had an impact on the economic costs of pregnancy and motherhood. These changes emphasize the importance of better understanding the economic costs of pregnancy and motherhood in all its stages— from timing pregnancy to recovering from pregnancy and birth and experiencing childrearing costs. When analyzing previous studies, I discovered that …
How To Get Away With Insider Trading And How To Stop It?, Blade H. Kisler
How To Get Away With Insider Trading And How To Stop It?, Blade H. Kisler
Honors Theses
The realm of investing, while promising, is often clouded by complexity and opacity, exacerbated by the prevalence of insider trading. This unethical practice allows select individuals to amass vast fortunes by exploiting confidential information unavailable to the public. Particularly alarming is the possibility of insider trading within Congress, where lawmakers wield privileged access to non-public information and could possibly engage in lucrative stock transactions. This paper delves into specific coincidences of Congressional stock trading to underscore the systemic nature of this phenomenon among influential figures.
The Impact Of The 2002 Economic Crisis On Remittances & Emigration In Uruguay, Abigail Robeson
The Impact Of The 2002 Economic Crisis On Remittances & Emigration In Uruguay, Abigail Robeson
Honors Theses
Throughout 2002, the Uruguayan peso depreciated by 85 percent, causing an economic crisis and a rise in people searching outward for employment. This increased both the number of remittances received and emigration in an unprecedented way within Uruguay. Reports of remittances, and migration patterns of Uruguayans before 2002 are vastly different from those of the years following. Using quantitative analysis and a variety of data sources, this paper finds that the Uruguayan economic crisis undoubtedly spurred both remittance relevance and emigration in Uruguay. Emigration and remittances concerning Uruguay are seen to be permanently impacted by the crisis – though to …
Dollarization In Latin America, Chloe Wieber
Dollarization In Latin America, Chloe Wieber
Honors Theses
Dollarization occurs when a country uses the US dollar or other foreign currency alongside or in place of the country’s domestic currency. This research seeks to understand the reasons countries dollarize and analyzes the extent that formal dollarization affects the economic wellbeing of dollarized countries in Latin America. The use of the US dollar is considerable in Latin America with Panama, Ecuador, and El Salvador being formally dollarized, and with Argentina currently considering formally adopting the US dollar. Using difference-in-difference techniques, I analyze the impact of dollarization on economic agents’ perceptions of the economy, on economic growth, and on inflation …
Impact Of Snap On Food Insecurity: A Michigan And Indiana Case Study, Cecelia Chapleau
Impact Of Snap On Food Insecurity: A Michigan And Indiana Case Study, Cecelia Chapleau
Honors Theses
Food insecurity is one of the most pervasive and concerning problems in the United States. Approximately 1 in every 13 households within the United States was food insecure at some point during 2022 (Rabbitt et al., 2023) Food insecurity occurs when households have a limited ability to access nutritious foods, there is a limited supply of safe, healthy foods, or they are unable to obtain food in socially acceptable ways (Anderson, 1990). Low food security is associated with adverse health outcomes like type 2 diabetes, cardiovascular disease, and poor mental health, which contributes to the severity of the problem (Thomas …
Performance And Policy Indexes In Carbon Pricing Efficacy: A Cross-Country Analysis Of Policy Impact (2012-2020), Ke (Zoky) Zhou
Performance And Policy Indexes In Carbon Pricing Efficacy: A Cross-Country Analysis Of Policy Impact (2012-2020), Ke (Zoky) Zhou
Honors Theses
Climate change poses a significant threat to global ecosystems and human societies, driven largely by CO2 emissions from various economic activities. This macroeconomic cross-country study empirically assesses the effectiveness of carbon pricing in reducing CO2 emissions across three periods: 2012-2017, 2015-2019, and 2015-2020. Building on the foundational research by Best et al. (2020), the analysis extends to more recent data, capturing the evolving impacts of carbon pricing amid changing global economic and policy landscapes. A key advancement in this research is the creation and integration of two comprehensive indexes—a performance index and a policy index—constructed from 14 environmental performance or …
Green Bonds, Green Returns: The Impact Of Green Bond Issuances On Financial Performance In The U.S. Energy Sector, Adora Lei
Honors Theses
This paper investigates the impact of green bond issuances on the financial performance of U.S. energy firms, the largest greenhouse gas-emitting sector. To explore the incentives for adopting green projects among firms with the most significant margin for improvement, I focus on Gross Profit Margin (GPM) and the Tobin’s Q Ratio as key indicators of profitability and valuation. Using a dataset of 462 companies, I analyze green and conventional corporate bond issuances from 2010 onwards in the context of their financial reports. The findings reveal that green bonds positively influence long-term valuation, with Tobin’s Q showing significant increases from the …
Comparing Generative Ai, Keyword Searchers, And Hiring Committees In Selecting Semi-Finalist Job Candidates In Academia, Sarah Snyder
Comparing Generative Ai, Keyword Searchers, And Hiring Committees In Selecting Semi-Finalist Job Candidates In Academia, Sarah Snyder
Honors Theses
Two studies were conducted to evaluate the effectiveness of AI tools and keyword searchers in candidate evaluation. The first study examined the use of ChatGPT-4 and a traditional hiring committee in selecting a semifinalist pool for an Assistant Professor of Economics position. It was found that ChatGPT-4's selections were non-replicable, producing different semifinalist lists with each run, indicating significant variability and lack of reliability compared to human committees. The second study focused on predicting self-reported conscientiousness from resumes using both keyword searchers and ChatGPT-4. The results showed that neither method could accurately predict conscientiousness. Similarly, ChatGPT-4's selections were non-replicable, producing …
The Effect Of The Tax Cuts And Jobs Act Of 2017 Expansion Of The Child Tax Credit On The Distribution Of Household Chores, Joseph M. Barrett
The Effect Of The Tax Cuts And Jobs Act Of 2017 Expansion Of The Child Tax Credit On The Distribution Of Household Chores, Joseph M. Barrett
Honors Theses
This paper investigates the effect of the Tax Cuts and Jobs Act of 2017 (TCJA) expansion of the Child Tax Credit (CTC) on time spent doing household work in married or cohabiting households with children. Using American Time Use Survey (ATUS) data from before and after the implementation of the TCJA, I conduct a difference-in-differences analysis to determine the effect of the CTC expansion on time spent on all household chores, on historically female household chores, on historically male household chores, and on childcare. Then, using an adapted version of Bargain’s (2008) collective utility model, I simulate the TCJA expansion …
Monetary Policy Across The Urban Rural Divide, Grace Hillis
Monetary Policy Across The Urban Rural Divide, Grace Hillis
Honors Theses
This paper measures the effect of monetary policy on the consumption of Urban versus Rural Households. I utilize the Consumer Expenditures Survey, conducted by the Bureau of Labor Statistics, and St. Louis Federal Reserve Economic Data for information on important macroeconomic variables. My empirical strategy examines how total consumption, housing consumption, health, food, and transportation consumption are impacted by the federal funds rate for urban relative to rural households. My research provides evidence that when the Federal Reserve increases rates, the consumption of rural households falls more relative to urban households. This result is statistically significant when examining consumption related …
The Impact Of Signing Bonuses, Age, And Country On Mlb Success: Evaluating Investment Returns In The Mlb International Amateur Free Agent Market, Elliot Wolf
Honors Theses
MLB’s International Amateur Free Agent Market provides teenagers across the world opportunities to sign, develop, and potentially fulfill their dreams of playing in the MLB. It also allows teams to sign players at young ages, increasing the amount of time players can develop within a team’s minor league system. While signing bonus decision-making is backed up by a team’s scouts and data, the signing bonus a player receives is rarely a reflection of their future value. I argue that teams are not spending this money optimally. However, in an environment where players have low acquisition costs and volatile performance outcomes, …
Empowering Diversity: Unveiling The Impact Of Affirmative Action Policies On Intersectional Identities In Indian Village Councils, Auroshree Pani
Empowering Diversity: Unveiling The Impact Of Affirmative Action Policies On Intersectional Identities In Indian Village Councils, Auroshree Pani
Honors Theses
This study investigates the intersectional effects of affirmative action policies within the con- text of rural local councils in India. Utilizing the natural experiment provided by the randomized implementation of reservation policies in Uttar Pradesh’s gram panchayats, this research exam- ines how the intersectionality of marginalized identities—specifically gender and caste—affects policy outcomes. Employing data from the Mahatma Gandhi National Rural Employment Guar- antee Act (MGNREGA) and gram panchayat elections from 2015 and 2021, the impact on job demand and public asset creation is evaluated. The findings reveal that while female leaders gen- erally improve job demand and public asset creation, …
The Effect Of Postpartum Depression On New Mothers' Return To Work Decisions, Nicole Walutes
The Effect Of Postpartum Depression On New Mothers' Return To Work Decisions, Nicole Walutes
Honors Theses
Postpartum depression rates in the United States have doubled since 2010, with potentially significant economic consequences. In this study, I examine the relationship between postpartum depression and new mothers’ labor force participation using a national longitudinal dataset of 738 new mothers. I examine two labor force participation outcomes: whether or not a new mother returned to work postpartum, and the number of days it took for her to do so if she returned. I include a detailed set of demographic and social control factors. I find that conditional on these controls, having postpartum depression relates to a statistically insignificant 4.73 …
Sustainable Frameworks & The Circular Economy Within Digital Marketing & Advertising Agency Groups, Angelique Bautista
Sustainable Frameworks & The Circular Economy Within Digital Marketing & Advertising Agency Groups, Angelique Bautista
Honors Theses
Digital marketing significantly contributes to the greenhouse gas (GHG) emissions of marketing and advertising agencies. Despite efforts towards corporate sustainability, discrepancies in carbon accounting and sustainability practices persist across the industry. An increasingly relevant topic for many industries is the circular economy (CE). It is concerned with creating a structured and cyclical sustainable practice and/or operation. This research paper examines the intersection of the CE and environmental sustainability initiatives in global digital marketing, analyzing sustainability efforts and ordinances up to April 2024, alongside theories from Science and Technology Studies (STS). Then, CE principles are explored more in-depth and the sociotechnological …
Immigration Level And Its Impact On The United States Labor Market Tightness, Khai Quy La
Immigration Level And Its Impact On The United States Labor Market Tightness, Khai Quy La
Honors Theses
This research investigates the complex interplay between immigration labor and market equilibrium in the United States, focusing on the period from 2000 to 2019. By examining the correlation between the rate of net international migration and the unemployment-to-vacancy ratio (U/V) across 51 states, the study uncovers significant relationships that shed light on immigration dynamics in response to labor market conditions. The findings support the hypothesis that a decrease in the U/V ratio leads to an increase in immigration in the following period as immigrants seek improved job employment prospects.
The Populist Wave: Unpacking The Global Drivers Of 21st Century Right-Wing Populist Support, Ellie Fallon
The Populist Wave: Unpacking The Global Drivers Of 21st Century Right-Wing Populist Support, Ellie Fallon
Honors Theses
This thesis investigates the underlying causes of the global rise in right-wing populism support in the twenty-first century. I will examine both the origins of these shifts in public opinion and their consequences for political systems and global interactions. My analyses will take two forms: (1) a cross-national analysis of the rise in right-wing populism in 34 of the 38 member states of the Organization for Economic Cooperation and Development (OECD) to explore the demographic factors that exhibit a relationship with populist attitudes and (2) case studies of right-wing populism in the contemporary United States (with particular attention to former …
Trading Perspectives: The Impact Of Gender In Shaping National Trade Policies, Katherine Kwiatkowski
Trading Perspectives: The Impact Of Gender In Shaping National Trade Policies, Katherine Kwiatkowski
Honors Theses
Economic and political factors have been shown to influence the trade policy decisions of national leaders. The impact of a national leader’s gender on their trade policy preferences remains an underexplored area of research. The increasing share of female national leaders raises the question of whether their policy preferences vary from those of male leaders because of their gender. In this study, I utilize the gender of a nation’s leader to implement a two-way fixed effects regression that analyzes the impact of gender on a leader’s trade policy preferences. Controlling for factors that could also impact a leader’s trade policy …
The Effect Of Housing Burden And Access To Affordable Housing On Abortion Rates, Isabelle Huggard
The Effect Of Housing Burden And Access To Affordable Housing On Abortion Rates, Isabelle Huggard
Honors Theses
In the United States a household’s highest expenditure is housing. Low-income households feel this more acutely and have higher rates of housing burden. Past research documents a link between financial constraints and abortion. Three studies published in 1988, 2004, 2014 sought to understand the reasons women get abortions, and found that finances are a prominent reason given. If housing is a large share of household finances and finances play a large role in abortion demand, how might housing affect abortions? This study looks at the effect of three housing mechanisms on abortion rates: rent to income rate, mortgage to income …
The Impact Of U.S. News And World Report College Rankings On Prospective Students’ Decisions And Enrollment Outcomes, Camilla Schneider
The Impact Of U.S. News And World Report College Rankings On Prospective Students’ Decisions And Enrollment Outcomes, Camilla Schneider
Honors Theses
The following paper further expands on previous research using more recent data which is important given changes in the last decade. This paper will answer the question: How do U.S. News and World Report college rankings impact college application and enrollment decisions for prospective students within American public and private colleges and universities? Application decisions refer to the choice to apply to a school while enrollment decisions refer to the choice to attend a school after being accepted. This paper analyzes Integrated Postsecondary Education Data System (IPEDs) admissions/applicant, fall enrollment, and financial data alongside historical USNWR rankings lists to investigate …