Economics Commons^™

Benefits Vs. Costs Of Business Incentives, Timothy J. Bartik

Presentations

No abstract provided.

The Rise Of Domestic Outsourcing And The Evolution Of The German Wage Structure, Deborah Goldschmidt, Johannes Schmieder

Upjohn Institute Working Papers

The nature of the relationship between employers and employees has been changing over the last three decades, with firms increasingly relying on contractors, temp agencies, and franchises rather than hiring employees directly. We investigate the impact of this transformation on the wage structure by following jobs that are moved outside of the boundary of lead employers to contracting firms. For this end we develop a new method for identifying outsourcing of food, cleaning, security, and logistics services in administrative data using the universe of social security records in Germany. We document a dramatic growth of domestic outsourcing in Germany since …

The Validity Of The Environmental Kuznets Curve For The European Union, Connor L. Kasten

Honors College Theses

This research empirically explores the validity of the environmental Kuznets curve (EKC) for the European Union. Data for CO₂ emission per capita, GDP per capita, population density, and fossil fuel consumption percentage was gathered for the 28 countries within the European Union for years 1990-2010 and regression analysis was conducted in order to see if the EKC relationship held true. However, under this analysis, that result is inconclusive. As GDP per capita increases, CO₂ increases to a certain point and then, instead of having a negative relationship, it continues to increase but at a lesser rate. The coefficients …

Economic Impact To Shipping Industry : Economic Impact To Shipping Industry Considering Maritime Spatial Planning And Green Routes In Pilot Case Studies, Pantelis G. Anaxagorou, A Pappas, I Giraud, D Stratigis, E Papadopoulos, Lilitha Pongolini, Fabio Ballini, Piotr Treichel, Xavier Martínez De Osés, Sergio Velásquez Correa, M ·La Castells, I Ortigosa

MONALISA 2.0

In this project, three case studies are considered in order to examine the economic impact of the implementation of MSP when considering environmental impact of the shipping industry. Specific characteristics and limitations of areas in the Greek Sea, the Balearic Sea and the Baltic Sea are evaluated with respect to their economic effects on the maritime transport domain.

The purpose of the above is to evaluate the economic impacts and risk implications of different scenarios and particularly:

• The economic impact of vessel traffic rerouting and/or reducing the speed in order to reduce the probability of vessel strikes or other negative …

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Rhode Island Current Conditions Index -- December 2015, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Latinos Throughout The City: A Snapshot Of Socio-Demographic Differences In Omaha, Nebraska, Jasney Cogua-Lopez, Lissette Aliaga-Linares, Lourdes Gouveia

Latino/Latin American Studies Reports

Researchers from OLLAS have released a new report detailing the demographic makeup of Latinos throughout Omaha. This is the first detailed analysis of the trends of Latinos living in various parts of the entire city. It confirms and challenges generalizations that are frequently made about this population in Omaha.

The report chronicles the dispersion of Latinos throughout the city and their increasing diversity. This publication highlights that geographic location is predictably tied to socioeconomic conditions. The farther west in the city Latinos live, the more advantaged they are. This pattern also holds true for indicators such as educational attainment, income …

What Will The Neighbors Think? Perceptions Of Failure Intolerance On Individual Entrepreneurial Intention In The Rural Midwest, Brock M. Stout

Dissertations

Entrepreneurship is increasingly considered the most efficacious economic development intervention, but employing research-informed efforts is important. Extensive literature links the perception of a local culture’s intolerance of business failure to extinguishing of entrepreneurial intention in a community. Some research refutes that link. This study investigated the influence of perceived failure intolerance (PFI) on entrepreneurial intention—and the influence of self-efficacy on perceived failure intolerance—in the rural Midwestern United States. The study employed a modified Delphi methodology to analyze the decision-making processes of potential entrepreneurs as interpreted by experts in rural entrepreneurship. The study provides data about the interaction of human capital …

Hyperbolic Memory Discounting And The Political Business Cycle, T. Scott Findley

Economics and Finance Faculty Publications

The vintage political business cycle framework of Nordhaus (1975) represents the idea that the macroeconomic business cycle is manipulated opportunistically by an incumbent government to achieve re-election. A key assumption in this prototypical framework is that voters discount their memories about unemployment and inflation at a constant rate. Yet starting with Ebbinghaus (1885) and Jost (1897), a large body of research in psychology documents an empirical regularity that has come to be known as Jost's Second Law of Forgetting-individuals discount recent memories at a higher rate compared to the rate at which they discount older memories. I find that incorporating …

The Economic Impact Of Lifting Sanctions On Iran: How The Joint Comprehensive Plan Of Action Will Affect The Economy Of Iran, Ryan Foley

Washington Semester Program

During the second term of the Obama Administration, the United States and the European Union negotiated a deal with the Islamic Republic of Iran regarding their nuclear program. These negotiations encompassed the relaxing of sanctions on the Iranian economy in exchange for concessions on the part of their nuclear program. This thesis investigates how the deal will affect the economy of Iran and the international oil market, two entities which are deeply intertwined. The findings suggest that the opening of Iran’s economy will almost certainly lead to a strengthening of their domestic economy in the short-term, but that the government …

Determinants Of Seat Belt Use: Regression Analysis With Fars Data Corrected For Self-Selection, Frank Goetzke, Samia Islam

Economics Faculty Publications and Presentations

We develop a methodology to use FARS data as an alternative to NOPUS in estimating seat belt usage. The advantages of using FARS over NOPUS are that (i) FARS is broader because it contains more variables relevant for policy analysis, (ii) FARS allows for easy multivariate regression analysis, and, finally, (iii) FARS data is more cost-effective. Methodology: We apply a binary logit model in our analysis to determine the likelihood of seat belt usage given various occupant, vehicle, and built environment characteristics. Using FARS data, we derive coefficient estimates for categories such as vehicle occupants' age and night time …

Inflationary Dynamics In Guatemala, Thomas M. Fullerton Jr., Miguel Martinez, Wm. Doyle Smith, Adam G. Walke

Departmental Papers (E & F)

Short-run price dynamics for Guatemala are analyzed using a linear transfer function methodology. This approach has previously been employed for other national economies such as the United States, Mexico, Colombia, Ecuador, and Nigeria. The data for this study range from 1960 to 2010. Inflation is measured using the consumer price index. Explanatory variables include the monetary base, real output, interest rates, and the exchange rate. All of the estimated coefficients exhibit the arithmetic signs hypothesized by the theoretical model. Almost all of the parameter estimates satisfy the 5-percent significance criterion and all exhibit economically plausible magnitudes. Estimation results indicate that …

Cross-Listing Performance And Insider Ownership: The Experience Of U.S. Investors, Omar A. Esqueda, Dave Jackson

Economics and Finance Faculty Publications

Insider-owned firms pursue U.S. cross-listings following periods of extraordinary performance. However, the long-run post-cross-listing abnormal returns become negative only for insider-controlled cross-listings. We find that the Sarbanes–Oxley Act (SOX) has mitigated the market-timing attempts as negative abnormal returns are limited to the pre-SOX period, supporting a cross-listing bonding benefit after U.S. securities regulation was enhanced. In addition, investors anticipate future operating performance as stock returns incorporate forthcoming operating outcomes one and two years ahead. Whereas capital-raising cross-listings show better operating performance than non-capital-raising, the returns of capital-raising firms are more sensitive to the potential agency problems created by insider-ownership.

Insurance, Race/Ethnicity, And Sex In The Search For A New Physician, Rajiv Sharma, Arnab Mitra, Miron Stano

Economics Faculty Publications and Presentations

We employed simulated patient calls to a national random sample of primary care physicians to assess appointment availability for adults who differed by insurance, race/ethnicity, and sex. The disparities we found are much larger than those reported in previous assessments, highlighting the importance of including race/ethnicity and sex in such research

Beyond Beautiful*- Why Citizens Are Comparatively Happier, More Prosperous, More Peaceful, More Democratically Engaged And Less Selfish Living In Smaller States, Anthony Paul Buckley

Other

Half of all sovereign states in the world have a population of less than 6.2m (World Bank, 2014). The mainstream literature in most academic disciplines has chosen, by accident or design, to neglect the unique determinants of small state growth and development (Armstrong & Read, 2003; Read, 2014). These are extraordinary omissions when the collective evidence on the performance of smaller states on a wide range of economic, political, cultural and social indices is considered. Apart from the disproportionate representation that small states enjoy in the World Banks Upper-Middle and High Income categories, many small states also feature in the …

Effects Of Real Estate Cycles On Residential Amenity Values For Water Resources, Amy L. Hillard

HIM 1990-2015

Little research has been conducted on the effects of housing price cycles on preferences for environmental landscape attributes over time (Cho, Kim, & Roberts, 2011). If the economic value of scarce resources like water resource amenities depends on consumer preferences, then it is useful to address possible effects of cyclical variation in the housing market on these values. This issue is addressed in the primary research question for this thesis: Did the 2007-2009 recession and consequent real estate bust affect marginal willingness to pay for water resource amenities for properties in proximity to the lower St. Johns River (SJR) in …

Young In Class: Implications For Inattentive/Hyperactive Behaviour Of Canadian Boys And Girls, Kelly Chen, Nicole Fortin, Shelley Phipps

Economics Faculty Publications and Presentations

Using data from the Statistics Canada National Longitudinal Survey of Children and Youth (NLSCY), this paper investigates the impact of school entry age on inattentive/hyperactive behaviours. We employ both a cross-provinces-time differences-in-differences approach, and a within-province regression discontinuity design. We find that being young in class causes greater inattentive/hyperactive behaviour, exacerbating any inattentive/hyperactive behavior exhibited prior to school entry. These results also also hold in sibling fixed effect models. Though we do not find gender differences in the effects, because boys are more likely to be inattentive/hyperactive at school entry, they are more affected. These effects persist into early adolescence.

An Analysis Of Major League Soccer: Competitive Balance And Wage Dispersion, William Hobbs Iii

All Theses

Major League Soccer is in a transitional state which may see it projected into the realm of international relevancy, competing with European soccer. This transition is fueled by contracting renowned superstars from Europe via the designated player (DP) rule. This study examines implications of the DP rule on competitive balance (CB) of the league and wage dispersion among teams. The effect of the rule on CB is inconclusive in the model constructed, but propositions of a more appropriate CB measure are presented for future research. The DP rule has caused higher levels of salary dispersion within the league and this …

Financial Soundness Indicators: The Case Of Nigeria, Baba N. Yaaba, Idris Adamu

Bullion

This paper adopted the concept as designed by the Fund to examine the soundness of the Nigeria Banking Sector from 3007Q1 to 20014Q4. From the result of the financial Soundness Indicators (FSIs) complied for Nigeria, it is obvious that the indicators can serve as reliable and consistent tools, capable of detecting vulnerabilities in the system. The study, therefore, recommends that adequate attention be paid to the indicators by the Central Bank. The Bank is urged to strive to gain full understanding of the concept as well as design additional framework for using the indicators so as to enable her take …

Mortgage Refinancing In Nigeria: Prospects And Challenges, Kama Ukpai, Phebian N. Bewaji, Adigun Mustapha, Olufemi Adetunji Edun, Olubukola Adegbe, Josiah Dassah

Bullion

The paper examines the mortgage (re)finance market in Nigeria with a view to identifying its prospects and challenges. The method adopted included a review of jurisdictional experiences on mortgage refinance and thereafter draw on some lessons of experience as the Nigeria case is considered as a country in transition. Further discussions centered on the challenges of financialization of mortgages, mortgage affordability, low awareness of mortgage refinancing, macroprudential risks and moral hazard that confronts mortgage refinance in the country. The paper, further, provides considerations with regard to value-reorientation, institutional, regulatory and legal infrastructures as prerequisites for successful mortgage refinance system.

Human Capital Development And Parental Investment In India, Orazio P. Attanasio, Costas Meghir, Emily Nix

Cowles Foundation Discussion Papers

In this paper we estimate production functions for cognition and health throughout four stages of childhood from 5-15 years of age using two cohorts of children drawn from the Young Lives Survey for India. The inputs into the production function include parental background, prior child cognition and health and child investments. We allow investments to be endogenous and they depend on local prices and household income, as well as on the exogenous determinants of cognition and health. We find that investments are very important determinants of child cognition and of health at an earlier age. We also find that inputs …

Human Capital Development And Parental Investment In India, Orazio P. Attanasio, Costas Meghir, Emily Nix

Cowles Foundation Discussion Papers

We estimate production functions for cognition and health for children aged 1-12 in India, based on the Young Lives Survey. India has over 70 million children aged 0-5 who are at risk of developmental deficits. The inputs into the production functions include parental background, prior child cognition and health, and child investments, which are taken as endogenous. Estimation is based on a nonlinear factor model, based on multiple measurements for both inputs and child outcomes. Our results show an important effect of early health on child cognitive development, which then becomes persistent. Parental investments affect cognitive development at all ages, …

Human Capital Development And Parental Investment In India, Orazio P. Attanasio, Costas Meghir, Emily Nix

Cowles Foundation Discussion Papers

We estimate production functions for cognition and health for children aged 1-12 in India, where over 70 million children aged 0-5 are at risk of developmental deficits. The inputs into the production functions include parental background, prior child cognition and health, and child investments. We use income and local prices to control for the endogeneity of investments. We find that cognition is sensitive to investments throughout the age range we consider, while health is mainly affected by early investments. We also find that inputs are complementary, and crucially that health is very important in determining cognition. Our paper contributes in …

Working Capital Requirement And The Unemployment Volatility Puzzle, Tsu-Ting Tim Lin

Economics Faculty Publications

Shimer (2005) argues that a search and matching model of the labor market in which wage is determined by Nash bargaining cannot generate the observed volatility in unemployment and vacancy in response to reasonable labor productivity shocks. This paper examines how incorporating monopolistically competitive firms with a working capital requirement (in which firms borrow funds to pay their wage bills) improves the ability of the search models to match the empirical fluctuations in unemployment and vacancy without resorting to an alternative wage setting mechanism. The monetary authority follows an interest rate rule in the model. A positive labor productivity shock …

Crecimiento Esperado De Las Ocupaciones En Los Condados De El Paso, Texas Y Doña Ana, Nuevo México, Manuel L. Reyes Loya, Jesus Mendoza, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.

The Behavioral Impacts Of Property Tax Relief: Salience Or Framing?, Phuong Nguyen-Hoang, John Yinger

Center for Policy Research

New York State’s School Tax Relief Program, STAR, provides state-funded exemptions from school property taxes. From 2006-07 to 2008-09, these exemptions were supplemented with rebates, which arrived as a check in the mail. The purpose of this paper is to determine whether these two algebraically equivalent but administratively distinct policies of tax relief led to different behavioral responses. Drawing on behavioral economics, we explore the impact of STAR on the price elasticity of demand for school quality based on the concepts of salience and framing. Our main results are that the behavioral impact of the STAR provisions are larger (1) …

Analysis Of The Euro And The European Monetary System And Its Effect On Greece In The Light Of The European Financial Crisis, Mohamed Alinur

Applied Economics Theses

The ability to issue money used for transactions is a power usually reserved by a country’s central government, and it is often seen as a part of a nation’s sovereignty. A monetary union entails multiple countries ceding control over the supply of money to a common authority. The euro was introduced sixteen years ago and has since functioned well, with the European Central Bank keeping inflation low. However, the current Eurozone crisis provides a severe test of the euro’s ability to survive. The Eurozone crisis is plagued by fiscal crises, which have taken their biggest toll on Greece. A competitiveness …

Inclusive Growth And Poverty Reduction In Nigeria, Uche M. Ozughalu, Fidelis O. Ogwumike

Bullion

This study shows that Nigeria has not experienced inclusive growth over the years, using relevant national and global data. The country has experienced pervasive poverty, high rate of unemployment and high level of income/wealth inequality despite impressive economic growth rates over the years. The study also highlights the major factors that could be responsible for the non-inclusive growth in Nigeria; these factors include poor performance of the manufacturing sector, weak knowledge base, poor human capacity development and low level of global competitiveness. The study uses tabular presentations and verbal constructs in its analysis. The government and policy makers in Nigeria …

The Child Support "Tax" : Determining The Effect Of Child Support On The Income Growth Of Noncustodial Parents, Jesse Snook

Theses and Dissertations

This study examines the role of child support in determining income growth. Using an Ordinary Least Squares (OLS) model with state-level fixed effects applied to panel data from the National Study of Families and Households (NSFH), I find that having a legal agreement to pay child support has a significant and negative effect on the income growth of the noncustodial parent. Specifically, after controlling for demographic variables and the respondent’s economic circumstances in the initial time period, the OLS model with state-level fixed effects finds that having a child support obligation is associated with a 17.73 percentage point decrease in …

Indeterminacy In Stochastic Overlapping Generations Models: Real Effects In The Long Run, Zhigang Feng, Matthew Hoelle

Economics Faculty Publications

Indeterminate equilibria are known to exist for overlapping generations models, though recent research has been limited to deterministic settings in which all equilibria converge to a steady state in the long run. This paper analyzes stochastic overlapping generations models with 3-period lived representative consumers and adopts a novel computational algorithm to numerically approximate the entire set of competitive equilibria. In a stochastic setting with incomplete markets, indeterminacy has real effects in the long run. Our numerical simulations reveal that indeterminacy is an order of magnitude more important than endowment shocks in explaining long-run consumption and asset price volatility.

“Men Of Good Timber”: An Archaeological Investigation Of Labor In Michigan’S Upper Peninsula, Aaron Howe

Masters Theses

This study approaches the material assemblage of Coalwood, a cordwood camp that operated from 1900-1912 in Michigan’s Upper Peninsula, with a dialectal method and a theory of internal relations in order to understand how daily life was produced and reproduced. Common sense notions often see home and work as separate entities that only relate to one another externally. My archaeological and historical research abstracts domestic labor as a set of social relations that are dialectically and internally connected to the processes of capital accumulation. My archaeological analysis concludes that both productive and reproductive labor was conducted within the home and …