Economics Commons^™

Gender Discrimination Across U.S. States: What Has Changed Over The Past Thirty Years?, Joshua Ballance

Honors Projects in Economics

This study examines changes in the gender wage gap and level of gender discrimination in the United States over the period1980-2010 at the national and state levels. Using data from the U.S. Current Population Survey, this study applies the Blinder-Oaxaca Decomposition to separate the explained and unexplained variations in the gender pay gap. The unexplained variation proxies the level of gender discrimination faced by U.S. workers. The wage equation estimated utilizes the Heckman methodology to control for sample selection bias. Results with and without sample selectivity controls are included in this paper.

This study reports the gender pay gap in …

Developing International Self-Reliance In Undergraduate Students Through Study Trips, Elizabeth Yobaccio, Ramesh Mohan, Jack Trifts

Finance Department Faculty Journal Articles

This paper reports on the development of a large scale international study trip program developed by an AACSB accredited institution to enhance the global perspective of its students. Developed collaboratively between the College of Business, the College of Arts and Sciences and the university's Student Affairs division, the program has resulted in more than 750 students participating in international experiences in one of 18 trips throughout the world. This paper documents the development of this program and provides important insights for anyone planning to offer a similar experience to their students.

No. 27: Migration And Development In Contemporary Mauritius, David Lincoln

Southern African Migration Programme

Mauritius is a society descended of involuntary and voluntary migrants. After two-and-a-half centuries of settlement as a plantation colony and by the time of its independence from colonial rule in 1968 the island nation’s population had grown to seemingly insupportable levels. But having faced the afflictions of overpopulation, social division and economic despair (and sizeable emigration) at the dawn of its independence, it took just a decade and-a-half for despondency to fade and for Mauritius to begin resembling a tropical idyll of sorts. Though poverty persisted as the small island successfully transformed its economy from colonial plantation to mostly industrial …

Confronting Agrarian Crisis And Deconstructing Farmer Debt: The Story Of Sulthanpur Village, Andhra Pradesh, Erica Dejong

Independent Study Project (ISP) Collection

In a climate of globalized politics and neoliberal economics, it can be difficult to isolate the impacts of agricultural and economic policy on the lives of the rural poor in India. Hidden behind a veil of economic growth, pro urban, and pro industry governments, the stories of small and marginal farmers have been overlooked in the name of different development priorities. This study endeavors to put the agrarian poor back into the scholarship spotlight by deconstructing livelihood crises and farmer debt in Sulthanpur Village, Andhra Pradesh. This effort is important because although Andhra Pradesh has the highest rate of farmer …

How One Trade Could Change The World: High Frequency Trading And The Flash Crash Of 2010, Sarah Perlman

Honors Projects in Finance

Financial markets are controlled directly by a small population of people, but have direct effects on almost every aspect of the global community. Financial markets are now flooded with computerized algorithms that have drastically changed the face of trading. As with any advances in technology, there are always unforeseen events that create new challenges, and adjustments that need to be made. In our increasingly global and technological world, one wrong click of the mouse in New York could affect the stock markets in London, Tokyo, and Brazil. On May 6th, 2010, such a situation occurred and caused the Dow Jones …

Romania's Recovery After The Economic Crisis, Claudiu Doltu, Marcel Duhaneanu

Journal of Global Initiatives: Policy, Pedagogy, Perspective

Compared with other countries in the region, Romania reacted slowly to the recent economic and financial crisis. After eight years of strong growth (200 1-2008), Romania's economic contraction was among the most severe in the region. Significant macroeconomic corrections occurred in 2010 but at the cost of compressing the household consumption and the investment. Downward adjusting the domestic demand by rapidly decreasing nominal wages and increasing taxes also discouraged businesses by increasing uncertainty. Partially, the macroeconomic policy worked well in 2010. However a steady growth in the next years will depend on the following three conditions: 1) reducing the transaction …

The Economic Impact Of Research Activities At The University Of Texas At El Paso (Fiscal Year 2010-11), David Ramirez, Roberto Tinajero, David A. Schauer, Dennis L. Soden

IPED Technical Reports

No abstract provided.

The Social And Economic Impact Of Mpesa On The Lives Of Women In The Fishing Industry On Lake Victoria, Danielle White

Independent Study Project (ISP) Collection

This study will examine the social and economic impact of the mobile banking system, MPESA, in the lives of women in the fishing industry on Lake Victoria in Kenya. The study aims to discover what MPESA is being used for and how its use is affecting the lives of its female users. It will not only study the immediate impact on women, but also the impact on the interactions with their families and communities, as well as the fishing industry. The study aims to determine whether or not MPESA is beneficial to these women and if it is, how the …

The Effect Of Climate Change On Mongolian Herding Communities: Investigating The Current Prevalence Of Ecomigration And Community Perceptions Of And Responses To Migration In The Countryside, Rachael Diniega

Independent Study Project (ISP) Collection

The livelihoods of Mongolian herders depend on rangeland conditions, which are being threatened by land degradation and climate change. These changes may cause some Mongolian herders to move to a different land. Thus, the prevalence of ecomigration today and the perceptions and responses of herding communities to migrants were examined to understand ways government could form adaptation policy to climate change in the future. Interviews were conducted with both migrant and host herders as well as government officials in Mungunmorit, Tov and Delgerkhan, Khentii, including the state reserve Herlen Bayan-Olaang. A survey was used to evaluate the prevalence of ecomigration …

Transportation: A Barrier To Successful Employment Outcomes Among Rural Vr Clients, Catherine Ipsen, University Of Montana Rural Institute

Employment

In testimony to the Senate Health, Education, Labor and Pensions Committee, Billy Altom, Executive Director of the Association of Programs for Rural Independent Living (APRIL) stated, "the lack of available, affordable, and accessible transportation is one of the most significant and persistent problems faced by people with disabilities...This is especially true in rural America." Lack of transportation translates into barriers in employment, health care access, and community participation among rural people with disabilities (Iezzoni, Killeen, & O'Day, 2006; Crudden, Sansing, & Butler, 2005). Recently, this was confirmed by Vocational Rehabilitation (VR) agency research participants, representing 48 VR agencies in 37 …

The Allocation Of A Prize (R), Pradeep Dubey, Siddhartha Sahi

Cowles Foundation Discussion Papers

Consider agents who undertake costly effort to produce stochastic outputs observable by a principal. The principal can award a prize deterministically to the agent with the highest output, or to all of them with probabilities that are proportional to their outputs. We show that, if there is sufficient diversity in agents’ skills relative to the noise on output, then the proportional prize will, in a precise sense, elicit more output on average, than the deterministic prize. Indeed, assuming agents know each others’ skills (the complete information case), this result holds when any Nash equilibrium selection, under the proportional prize, is …

Multi-Dimensional Mechanism Design With Limited Information, Dirk Bergemann, Ji Shen, Yun Xu, Edmund M. Yeh

Cowles Foundation Discussion Papers

We analyze a nonlinear pricing model with limited information. Each buyer can purchase a large variety, d , of goods. His preference for each good is represented by a scalar and his preference over d goods is represented by a d -dimensional vector. The type space of each buyer is given by a compact subset of R d + with a continuum of possible types. By contrast, the seller is limited to offer a finite number M of d -dimensional choices. We provide necessary conditions that the optimal finite menu of the social welfare maximizing problem has to satisfy. We …

Massachusetts And The Financial Crisis, College Of Management, University Of Massachusetts Boston

Financial Services Forum Publications

Although Massachusetts suffered the consequences of the crisis along with the rest of the US economy, the state weathered the storm relatively well. Now, with the impact of the policies still playing out, there are encouraging signs of recovery which may provide much needed relief for all.

Japan As A Clean Energy Leader, Stefan N. Norbom

Student Publications

Over the past several decades, Japan’s energy strategy had positioned it as the world’s leader in clean and efficient electricity production and usage. This strategy, heavily dependent on nuclear energy, was essentially destroyed by one of history’s largest earthquakes, followed by a tsunami which overwhelmed five nuclear reactors on March 11, 2011. As of April 2012, all of Japan’s 54 nuclear reactors have been shut down and it is uncertain when and how many may be restarted. This paper examines Japan’s options for crafting a new way forward with an energy policy to power the world’s third largest economy while …

A Comparative Analysis Of The Transitional Effect Of Democratic Regime Change On Human Rights Development, Alana Mcelhinney

Political Science Theses and Capstones

It has been a long-standing topic of discussion within the field of political science on the extent to which the establishment of democratic regime characteristics influences the development of human rights. While there is considerable research in the areas of democracy and human rights, what the literature lacks is research towards the growth of democratic regime characteristics being causal to the development of human rights practices. This analysis shows that a transition in democratic regime characteristics is directly linked to the development of human rights. After completing case-study analysis and developing causal theory I take data from the years 1981 …

Foreclosing Foreclosure: Escaping The Yawning Abyss Of The Deep Mortgage And Housing Crisis, Aleatra P. Williams

Northwestern Journal of Law & Social Policy

In 2007, Rick Sharga, vice president of marketing at RealtyTrac, stated that with more stringent lending and underwriting standards, “we will likely see a significant foreclosure decrease” within the next three years. However, a sustained and considerable decrease in foreclosures has yet to occur. In fact, the real estate market downfall and resulting mortgage and housing crisis have proven to be wider, deeper, and more serious than first anticipated. Since 2007, millions of homeowners faced, and continue to face, foreclosure proceedings. To provide protections for homeowners, federal and state actors have attempted regulatory and legislative solutions to stem the foreclosure …

Economic Assimilation Of Chinese Immigrants In The United States: Is There Wage Convergence With Natives?, Yujie Wu

Honors Projects

Asian Americans are often referred to as the “model minority” due to perceptions of their high income and educational attainment; yet relatively little is known about their economic assimilation experience. The purpose of this study is to determine economic assimilation of Chinese immigrants over time. This research follows a cohort of Chinese immigrants from 1994 to 2011 and compares their earnings performance with natives that have similar educational attainment. Multiple regression analysis is used to analyze data from the Current Population Survey. Results show that, although the cohort of Chinese immigrants initially has earnings substantially lower than the natives, it …

Arguments For A Living Wage In The United States: Prospects For Persuasion And Expansion, Corinne Bazzinotti

College of Management Honors Theses

This thesis explores the living wage, and in particular the varied arguments that support the adoption and spread of the living wage. A “living wage” is a decent wage. “It affords the earner and her or his family the most basic costs of living without need for government support or poverty programs,” and takes into account a, “complete consideration of the cost of living.” The topic is timely, as the economy in the United States remains in decline, and now more than ever the American workforce is struggling to stay afloat, along with businesses across the country.

I want to …

International Political Economy Reference Sources: An Annotated Bibliography, Theodore C. Schwitzner, Chad M. Kahl

Faculty and Staff Publications – Milner Library

International political economy is an emerging yet specialized field that combines political analysis with the study of markets, trade, and development. With the global economy having an interdependent effect on politics, environment, and society, and with several major economic events of the last 20 years, the authors perceived a need to provide a guide to the sources in this field. This paper seeks to address this issue. The authors identified resources using WorldCat and standard reference sources, such as American Library Association's Guide to Reference Books; the annual American Libraries’ “Outstanding Reference Sources” articles; American Reference Books Annual (ARBA) volumes; …

Asset Price Bubble Identification And Response, Paul Atkinson

Honors Theses and Capstones

This paper investigates the existence of asset price bubbles. It first gives a history of financial crises and asset bubbles around the world throughout history as a background to the issue and then moves into finding the reason why they are able to exist in a market with both rational and irrational participants. Then by looking at the historical data for the United States housing and stock markets sets bubble identification rules based on standard deviation bounds. This method proves to be a very accurate way of identifying bubbles. The best response for both monetary policy authorities and market participants …

Testing For Instability In Covariance Sturctures, Chihwa Kao, Lorenzo Trapani, Giovanni Urga

Center for Policy Research

We propose a test for the stability over time of the covariance matrix of multivariate time series. The analysis is extended to the eigensystem to ascertain changes due to instability in the eigenvalues and/or eigenvectors. Using strong Invariance Principle and Law of Large Numbers, we normalize the CUSUM-type statistics to calculate their supremum over the whole sample. The power properties of the test versus local alternatives and alternatives close to the beginning/end of sample are investigated theoretically and via simulation. The testing procedure is validated through an application to 18 US interest rates over 1997-2011, finding instability at the end-2007/beginning-2008.

The Staffing Of Presidential Assistants: Their Effects On Presidential Success In The House Of Representatives, Nicholas R. Jesteadt

Student Publications

This paper examines the Congressional success of United States Presidents based on the reported Congressional Quarterly Presidential Box Scores. Their individual success is examined as an effect of the senior staff member a President chooses and whether they are chosen from the campaign, personal experience, or previous administrations. It is important for a President to consider the origins of these staffers as these Assistants to the President act as the body of the President’s administration. The econometric analysis presented reveals several interesting results. First, the predominance of a President to choose staff members from his campaign shows no significant impact …

Why Do We Tip?, Kevin F. Hallock

Economics Faculty Publications

Some economists may argue that the billions of dollars a year spent on tipping are difficult to understand. After all, there is no requirement to tip. In a recent article "Why Tip? An Empirical Investigation for Tipping Car Guards" (Journal of Economic Psychology, February 2010), Stephen G. Saunders and Michael Lynn summarize potential reasons for tipping as: to increase the probability of good service upon repeat business, to reward good work, to redistribute income to service workers, to avoid societal disapproval or gain societal approval and to conform to internalized norms. Tipping hair stylists and babysitters clearly fits into the …

The Politics Of H-1b Visa Limits, Fang Fang

Political Science Theses and Capstones

In recent years, the number of H-1B Visa (Temporary Work Visa) issued has increased tremendously. Various lobbying groups are devoted to persuading Congress to revise immigration laws and to increase the work visa issuance cap. The purpose of my study is to find out the how the H-1B Visa policy is effected by analyzing the lobbying expenditures of different economic sectors. Although there are abundant studies on the factors that affect immigration policies, there are few studies that concentrate specifically on the H-1B Visa. I combined campaign finance data and annual work visa data to assess the relationship between lobbying …

Mexico Consensus Economic Forecast, Volume 15, Number 2, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.

Foreign Direct Investment In Italy 2000-2010: Spatial Patterns And Implications, Enzo Crescentini

Masters Theses

Foreign direct investment (FDI) has long been shown to be an important driver of economic growth as well as a source of knowledge transfer in host countries. Italy, now the tenth largest economy in the world, has a remarkable distribution of FDI characterized by a metropolitan industrial North and what is commonly referred to as an economically unfit or "backwards" South. Given these regional differences, Italy faces many interesting challenges in attracting FDI in the current global economic climate. The nation must attract capital to less-developed regions as well as to the extensive industrial clusters in the North that are …

Foreword For Regulation In The Fringe Economy Symposium, John P. Caskey

Economics Faculty Works

No abstract provided.

Revisiting Incentive Effects In Workers' Compensation: Do Higher Benefits Really Induce More Claims?, Erin Todd Bronchetti, M. Mcinerney

Economics Faculty Works

An important question to ask regarding social insurance programs such as workers' compensation (WC) is to what extent do higher benefits lead to more claims? The authors of this study revisit incentive effects of WC, using 25 years of data (1977-2004) from the March Current Population Survey (CPS) to estimate the relationship between WC cash benefit levels and the frequency of WC receipt. Providing new evidence on the subject, they demonstrate that conclusions regarding workers' incentives to claim benefits differ dramatically depending upon how one controls for the confounding influence of an individual's past earnings. The authors' expanded empirical specifications, …

Government Influence And The Failure Of Fannie Mae And Freddie Mac, Aravind Mohan

Honors Theses

In 2008 two government-sponsored enterprises, Fannie Mae and Freddie Mac, were placed into conservatorship due to insolvency. The financial bailout of the two publically traded corporations came at the expense of the American tax payer. This study investigates the relationship between direct and indirect government influence and the increasing risk taking of Fannie Mae and Freddie Mac from the late 1990’s through their conservatorship in 2008. As government-sponsored enterprises Fannie Mae and Freddie Mac have many special advantages that other publically traded companies did not possess. These advantages allowed Fannie Mae and Freddie Mac to increase their profitability. Theoretical literature …

Challenges Of The Cooperative Movement In Addressing Issues Of Human Security In The Context Of A Neoliberal World: The Case Of Argentina, Stefan Ivanovski

Honors Theses

The response of some Argentine workers to the 2001 crisis of neoliberalism gave rise to a movement of worker-recovered enterprises (empresas recuperadas por sus trabajadores or ERTs). The ERTs have emerged as former employees took over the control of generally fraudulently bankrupt factories and enterprises. The analysis of the ERT movement within the neoliberal global capitalist order will draw from William Robinson’s (2004) neo-Gramscian concept of hegemony. The theoretical framework of neo-Gramscian hegemony will be used in exposing the contradictions of capitalism on the global, national, organizational and individual scales and the effects they have on the ERT movement.

The …