Economics Commons^™

Homeownership Gaps Among Low-Income And Minority Households, Donald R. Haurin, Christopher E. Herbert, Stuart S. Rosenthal

Economics - All Scholarship

Although homeownership rates currently stand at historically high levels for all segments of the U.S. population, large gaps in homeownership rates remain when comparing various groups of the population. As of the third quarter of 2006, the non-Hispanic White (hereafter, White) homeownership rate was 76 percent while African-American and Hispanic homeownership rates were below 50 percent and the Asian homeownership rate was 60 percent. The homeownership gap between African-American and White households was larger in 2006 than it was in 1990, while the homeownership gap between Hispanics and Whites was only slightly smaller in 2006 than it was in 1990. …

November 2007, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Rhode Island Current Conditions Index — November 2007, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Does Welfare Reform Work In Rural America? A 7-Year Follow-Up, Ann Tickamyer, Debra Henderson, Barry Tadlock

University of Kentucky Center for Poverty Research Discussion Paper Series

Even before the advent of welfare reform, studies of low income working and welfare dependent groups showed that low wage working women are worse off than those who combine welfare with other income sources and that most used a wide variety of livelihood strategies. This is especially the case in poor rural settings where work is scarce and additional obstacles to employment such as lack of transportation and childcare are endemic. Data from a selfadministered survey of users of human service agency programs in four counties in a distressed region of Appalachian Ohio in 1999, 2001, and 2005, provide a …

Do Tobacco-Control Programs Lower Tobacco Consumption? Evidence From California, Michael L. Marlow

Economics

California is often considered the model for tobacco-control programs due to its early adoption of comprehensive programs aimed at lowering tobacco consumption. Tobacco control began when voters approved the California Tobacco Tax and Health Promotion Act of 1988. More than $2 billion has been spent on tobacco-control in California since 1988. The findings of this article indicate that tobacco-control spending is a significant factor for the widening gap between consumption in the United States and in California only in equations that exclude cigarette prices and smoking bans as control variables. When significant, however, estimates suggest that, for every $1 increase …

Affective Decision Making: A Behavioral Theory Of Choice, Anat Bracha, Donald J. Brown

Cowles Foundation Discussion Papers

Affective decision-making (ADM) is a refutable and predictive theory of individual choice under risk and uncertainty. It generalizes expected utility theory by positing the existence of two cognitive processes — the “rational” and the “emotional” process. Observed choice is the result of their simultaneous interaction. We present a model of affective choice in insurance markets, where risk perceptions are endogenous.

Affective Decision Making: A Behavioral Theory Of Choice, Anat Bracha, Donald J. Brown

Cowles Foundation Discussion Papers

Affective decision-making is a strategic model of choice under risk and uncertainty where we posit two cognitive processes — the “rational” and the “emotional” process. Observed choice is the result of equilibirum in this intrapersonal game. As an example, we present applications of affective decision-making in insurance markets, where the risk perceptions of consumers are endogenous. We then derive the axiomatic foundation of affective decision making, and show that, although beliefs are endogenous, not every pattern of behavior is possible under affective decision making.

Islamic Finance, Inclusive Growth, And Poverty Alleviation, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Most of the attention on Islamic finance has so far been focused on the regulatory framework, products and services offered, comparability with conventional finance, risk management characteristics, Shariah compliance, and expansion and penetration issues. Very little work has been done to explore the unique features of Islamic finance for the larger good of the society particularly in the context of economic growth and poverty alleviation. I would argue this morning that Islamic finance can be a powerful tool for inclusive growth and amelioration of the conditions of poor in the Muslim countries. Let me clarify at the outset as to …

An Alternative Strategy For Building Sales Of Computers: Generic Advertising, Min Lu, Steven M. Thompson, Yanbin Tu

Management Faculty Publications

Frequent upgrading and aggressive price-cutting have become standard practice in the computer sector. While necessitated in part by declining production costs and a highly competitive market, these strategies have also served to make computers more affordable, growing the size of the overall market. Recently downturns in the sales of computers motivate us to examine the impact of these strategies on overall sales growth. We find evidence to suggest that excessive upgrading and overly aggressive price-cutting can be detrimental to overall sales growth. We also find that the computer sector exhibits characteristics that suggest that generic advertising would be an effective …

Managing Through Strategic Agendas, Christine G. Springer

Public Policy and Leadership Faculty Research

The author discusses the development of the Balanced Scorecard and strategic agendas on solving social and economic problems by the government. She stated reasons why organizations or countries choose to establish strategic agendas, such as it helps develop a vision, serves as a framework for monitoring government and nonprofit performance, and develops political platform. She concluded that its establishment is vital to success in developing countries and in the federal system of government.

Northeast Ohio Manufacturing Brief, Afia Yamoah

All Maxine Goodman Levin School of Urban Affairs Publications

This brief continues a series of publications on trends in Northeast Ohio manufacturing industries. It aims to provide a quick, current, and informative report on trends in employment, wages, and output for major manufacturing industries.

Permanently Failing Organizations? Small Business Recovery After September 11, 2001, Leigh Graham

Publications and Research

Small businesses in Lower Manhattan after September 11, 2001, paint a telling portrait of vulnerability after disasters. This qualitative analysis of recovery for small retail and service firms with 50 or fewer employees is based on ethnographic fieldwork, interviews, and documentary research from September 2001 through 2005. A postdisaster emphasis on place-based assistance to firms conflicted with macro-level redevelopment plans for Lower Manhattan. Small business recovery was impeded as aid programs responded to a new sense of urgency, attachment to place, and prestorm conceptions of the neighborhood at the expense of addressing community-wide economic changes accelerated by the disaster. Ingredients …

Rethinking Economics + Brewster Article From Economics And Society Vol 1, Issue 3, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, Anwar, PhD. Rethinking economics from the ground up. Unpublished lecture outline, dated September 23, 2010. 
• Travel itinerary and hotel reservation records for a recruitment trip through Mumbai, Delhi, and Beijing. Unpublished business correspondence and travel documents, undated authorship, spanning reservation and travel dates from late September 2007 through late November 2007. Contents include a Taj President Mumbai reservation confirmation, contact information for a Delhi guest house and a Beijing hotel, a day-by-day interview schedule across the three cities, and separate airline itineraries for the outbound and return legs of the trip.
• Brewster, B. 1972. Introduction …

Immigrants And Their International Money Flows, Susan Pozo Editor

Upjohn Press

This book consists of a series of studies on the topic of international migration with an emphasis on workers' remittances. Chapters cover the impact of remittances on economic development and the interplay of immigration policies with human capital acquisition and labor markets in out-migration areas.

Do Community Colleges Respond To Local Needs?: Evidence From California, Duane E. Leigh, Andrew M. Gill

Upjohn Press

Leigh and Gill focus on two major, policy relevant sources of change at the local level. First, on the supply side, they examine how responsive community colleges’ are at meeting the needs of the growing immigrant population for education and training. Then, on the demand side, they look into whether the need of local employers for skilled workers is being met, an issue impacted by dynamic technological change and increased global competition.

Using The Unidroit Principles To Fill Gaps In The Cisg, John Y. Gotanda

Working Paper Series

The United Nations Convention on the International Sale of Goods (CISG) sets forth only a basic framework for the recovery of damages, thereby giving a court of tribunal broad authority to determine an aggrieved party’s loss based on circumstances of the particular case. Unfortunately, the lack of specificity has resulted in much litigation, and seemingly conflicting results. To remedy this problem, some have argued that the gaps in the CISG damages provisions should be filled with the UNIDROIT Principles of International Commercial Contracts. In this paper, I argue that the gap-filling rules of CISG preclude the UNIDROIT Principles from being …

Income Vs. Race Effects In Refund Anticipation Loan Utilization, Richard J. Smith

Social Work Faculty Publications

This purpose of this paper is to illustrate how data can target outreach for social and economic justice by testing for an association between refund anticipation loan (RAL) utilization and a Zip code’s racial and income characteristics. RALs are rapid tax refunds marketed by tax preparers.

Concurrent Panel Session 1: Challenges Of Economic Growth & Diversification & Labor Preparation In Las Vegas, Maggie Arias-Petrel, Cedric Crear, Somer Hollingsworth, Mike Majewski, John Restrepo, Mary Riddel, Keith Schwer, Dina Titus

Shaping the Future of Southern Nevada: Economic, Environmental, and Social Sustainability

Moderator: Dr. Mel Jameson, UNLV College of Business Scribe: Angela Moor, UNLV Department of History Conference white paper & Full summary of panel session, 6 pages

Inter-State Economic Development- Powered By Utilities, John R. Lombard

School of Public Service Faculty Publications

In 2000, a group of state business recruiters from New England joined to promote New England to corporate real estate and site selection consultants at IDRC’s1 World Congress in New York City. At roughly the same time, the two metropolitan areas of Hartford, Conn., and Springfield, Mass., formed the Hartford-Springfield Economic Partnership (HSEP). These informal ventures that cross state borders represent coalitions of business, academic, political and policy leaders working together to foster the combined regions’ economic well-being.

The Economic Contribution Of Marine Science And Education Institutions In The Monterey Bay Crescent, Judith T. Kildow Dr, Nathaniel Miller

Publications

Ocean and coastal areas of the United States contribute significantly to our nation’s overall economy. The extent to which our economy benefits from the wide range of marine and coastal activities is not completely understood. The National Ocean Economics Program (NOEP) has attempted to track and value the ocean and coastal- related economic activities in the United States. To date six sectors are included in its information system (www.oceaneconomics.org). The economic contribution of marine research and education institutions is a sector of activity that lies outside of the normal federal government datasets, but one which seemed to have growing importance …

Is International Trade A Substitute For Migration?, Robert J. Carbaugh

All Faculty Scholarship for the College of Business

If a goal of immigration reform is to lessen the flow of unauthorized immigrants into the U.S., could international trade be used to deter immigration rather than adopting legal barriers? The purpose of this paper is to shed some light on this question by considering the theoretical foundations and empirical research regarding the connection between trade and migration.

Tourism In Lugu Hu: Helpful Or Harmful? Examining The Impact Of Tourism On Lugu Lake’S People And Environment, Joana Chan

Independent Study Project (ISP) Collection

Is tourism a boon or burden to the land and the people that it impacts? This question has plagued academics for ages. On the one hand, tourism brings not only definite economic growth for the local people, but also motivation for preservation of the local landscape. On the other hand, the arrival of tourists also ironically brings definite cultural and environmental transformations to the very people and land that visitors travel so far to see and experience.

My research examines the complexities of tourism and its impact on the environment and people of Lugu Lake, Yunnan. By surveying social and …

Immigration Policy, Cultural Pluralism And Trade: Evidence From The White Australia Policy, Roger White, Bedassa Tadesse

Economics

Examining data for Australia and 101 trading partners that span the years 1989–2000, we find immigrants from nations afforded preference under the White Australia policy exert greater proportional influences on Australian imports from their home countries compared to immigrants from nations not privy to such preference. Immigrants from this latter group of countries influence Australian exports to their home countries proportionally more than do immigrants from the former group. We also find immigrant-trade links vary across disaggregated measures of trade. The results suggest that cultural diversity, affected here by immigration policy, is relevant to a nation’s trade patterns.

The Business Of Healthcare: A Slippery Slope?, Knowledge@Smu

Knowledge@SMU

In Singapore, healthcare consumes 3.7% of GDP and is rising. Jeremy Lim, director of policy and research at Singapore Health Services (SingHealth), was the featured speaker at a recent Singapore Management University Wee Kim Wee Centre event. Lim trained as a surgeon before moving into healthcare management and health services research. He talked to Knowledge@SMU about the business opportunities and challenges in Singapore’s healthcare sector.

Measurement Error In Earnings Data In The Health And Retirement Study, Jessie Bricker, Gary V. Engelhardt

Economics - All Scholarship

We provide new evidence on the extent of measurement error in respondent-reported earnings data by exploiting detailed W-2 records matched to older workers in the Health and Retirement Study (HRS). Our empirical findings are qualitatively consistent with the findings of previous studies. Mean measurement error in the 1991 HRS earnings data for men is somewhat larger than what has been found in other validation studies, but is still modest, averaging about 0.059 log points, approximately 5.9 percent, or $1,500. For women in 1991, it is 0.067 log points, approximately 6.7 percent, or $916. We find a negative correlation between the …

Bandwidth Selection And The Estimation Of Treatment Effects With Unbalanced Data, Jose Galdo, Jeffrey A. Smith, Dan Black

Economics - All Scholarship

This paper addresses the selection of smoothing parameters for estimating the average treatment effect on the treated using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions containing the mass of the treated units, we define and implement weighted cross-validation approaches that improve over conventional methods by considering the location of the treated units in the selection of the smoothing parameters. We also implement a locally varying bandwidth method that uses larger bandwidths in areas where the mass of the treated units is located. A Monte Carlo study compares our proposed methods to the conventional …

Pinning Down The Value Of Statistical Life, Thomas J. Kniesner, W. Kip Viscusi, Christopher Woock, James P. Ziliak

Economics - All Scholarship

Our research addresses fundamental long - standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0.5 million to about $21 million. We address most of the prominent econometric issues by applying panel data, a new and more accurate fatality risk measure, and systematic selection of panel estimator in our research. Controlling for measurement error, endogeneity, individual heterogeneity, and state dependence yields both a reasonable average level and narrow range for the estimated value of a …

Child Labour And Microfinance In Morocco: Using Microfinance To Reduce Child Labour And The Case Of The Al Amana Microfinance Institution, Kristyn Schomp

Independent Study Project (ISP) Collection

Approximately 218 million children are child laborers worldwide. These children work as agricultural workers, prostitutes, handicraft producers, and in virtually in every other form of employment imaginable. But although the problem of child labour has been one of recent international focus, there are still 126 million children involved in some form of hazardous work each year.

The existence of such statistics can be attributed in part to the complex and multi-faceted nature of child labour. Similarly, the reasons for child labour can range from economic and political instability, migration, lack of work, and/or poor school systems. Therefore, the reduction of …

Development In Our Own Words: A Survey Of Development Perspectives Between Cameroonians And Americans In Yaoundé, Cameroon, Frieda L. Arenos

Independent Study Project (ISP) Collection

It is said that development addresses the quality and progression of life; that a country be self-sustainable in accessing its resources, educating its children, curing its sick, and guaranteeing its citizens contribution to a sufficient political and social environment. If the term is so, how do we justify development on a world scale? Do development projects that begin in the West have the same capacity for efficiency in the Third World? How does development aid make certain that those who are in need receive what they are promised? This paper is a field-based case study that analyzes in first the …

El Cobre Para Hoy Y Siempre : Hacia Un Futuro Menos Volátil, Más Sostenible Y De Mayor Valor Agregado En El Sector Chileno Del Cobre, Nicholas Anderson

Independent Study Project (ISP) Collection

Copper fuels the Chilean economy more than any other good or sector. But despite being Chile’s greatest resource, copper does very little for the average Chilean because most of the benefits are captured by mining companies and the government. Furthermore, the copper producing sector is volatile, subject to variations in the world price of copper, and not sustainable, as it depends on a nonrenewable natural resource. This paper establishes that there is room to deepen the copper sector with the goal of creating jobs and making the copper sector in Chile more sustainable and less volatile. This idea that there …