Economics Commons^™

Compensating Against Turnover: Managers' Talent Retention Decisions In Major League Baseball Under A Budget Constraint, Emma Knoesen

Scripps Senior Theses

From 1997 to 1999 and 2003 to the present, Major League Baseball has had a luxury tax on high payroll teams. This paper analyzes the impact of the tax as a budget constraint on teams’ ability to reward and retain high performing players. In contrast to other papers, we use wins above replacement (WAR), a popular sabermetrics statistic, to measure performance. Using this metric, we quantify the number of top performers, how this performance is rewarded with salary, and how salary impacts players’ mobility decisions. We conclude that when using WAR, the distribution of performance is not heavy tailed and …

How "Costly" Is Healthcare For The Elderly?, Ruchika Majumdar

Scripps Senior Theses

This study focuses on the possible ways to improve healthcare services around the world, which increase the life expectancy for aging people. Utilizing a cost-effective analysis, the relationship between various healthcare expenditures and conditional life expectancy for people aged 60 and above was examined. A linear regression model was used to analyze data from 122 WHO (World Health Organization) countries obtained from the year 2000. The model included additional health-adjusted life years (HALE) at age 60 as the dependent variable and healthcare cost indicators as the independent variables. Regression results revealed that cost of healthcare was overall significant in contributing …

The Saving & Loan Insolvencies And The Costs Of Financial Crisis, Alexander J. Field

Economics

At the time they occurred, the savings and loan insolvencies were considered the worst financial crisis since the Great Depression. Contrary to what was then believed, and in sharp contrast with 2007–2009, they in fact had little macroeconomic significance. Savings and Loan (S&L) remediation cost between 2 percent and 3 percent of Gross Domestic Product (GDP), whereas the Troubled Asset Relief Program (TARP) and the conservatorships of Fannie and Freddie actually made money for the US Treasury. But the direct cost of government remediation is largely irrelevant in judging macro significance. What matters is the cumulative output loss associated with …

Workers' Compensation: Analysis For Its Second Century, H. Allan Hunt, Marcus Dillender

Upjohn Press

Hunt and Dillender review the status of workers' compensation programs on three critical performance areas: 1) the adequacy of compensation for those disabled in the workplace, 2) return-to-work performance for injured workers, and 3) prevention of disabling injury and disease.

Confronting Policy Challenges Of The Great Recession: Lessons For Macroeconomic Policy, Eskander Alvi Editor

Upjohn Press

This book presents several notable economists who describe the perils the economy faced during the Great Recession and the policies—some successful, others not so much—that were implemented and why. By now, economists have had nearly a decade to examine the causes and consequences of the damage wrought by the Great Recession, and to assess the ensuing efforts to right the economy. The unprecedented losses, which spread across the global economy, posed extraordinary challenges for central bankers and policymakers alike, who were forced to throw out the playbook and create new, untested means for restoring growth.

The Stem Dilemma: Skills That Matter To Regions, Fran Stewart

Upjohn Press

Fran Stewart dives into the murky waters where education and economic goals meet to confront several key issues facing policymakers and educators, including the role of public investment in human capital, the types of human capital investment that provide the greatest public return, and whether those investments should vary by region.

She shows that not all high-paying jobs require STEM skills; that not all good-paying, highly skilled STEM jobs require college degrees; and that "soft skills" are important for STEM as well as other high-paying jobs.

Metropolitan Business Cycle Analysis For Lubbock, Macie Subia Subia

Open Access Theses & Dissertations

The objective of this study is to develop a business cycle index (BCI) for Lubbock Metropolitan Statistical Area (MSA). The Stock and Watson (1989; 1991; 1993) methodology is used to develop the BCI and assumes that the co-movements of key economic indicators have a single underlying, unobservable factor. This factor is extracted from the indicators and used to calculate an index that represents economic conditions through an econometric approach. The model uses the Kalman filter smoothing approach which smooths across variables and over time. This results in an index that is smoother with less pronounced expansions and recessions. Indicator series …

Trade Cluster Impacts On Southern Border Transportation Costs, Ernesto Duarte Ronquillo

Open Access Theses & Dissertations

This Thesis develops a fixed effect model to analyze the impact of trade clusters on transportation costs. CIF/FOB ratios are utilized as the measures for transportation costs. Grubel-Lloyd and Herfindahl-Hirschman indexes are utilized as variables that identify trade clusters. The focus of this study encompasses four custom districts (El Paso, Laredo, Nogales, and San Diego) located on the southern border of the United-States over the period of 1995-2015. Driscoll-Kraay robust standard errors are calculated for each estimated model. The 9/11 terrorist attack effects are taken into account in the fixed effect model. Empirical results suggest that trade clusters have a …

Mexican Migration Flows To The United States: A State-To-State Panel Data Analysis Of The Consular Identification Card From 2011 To 2014, Jesus Elias Mendoza Hernandez

Open Access Theses & Dissertations

This analysis explores migration flows from Mexico to the United States at the state level. This study finds empirical evidence to support the idea that social and economic factors can help predict state-to-state migration flows. Using an alternative measure of migration flows, the Matricula Consular de Alta Seguridad (Consular Identification Card) data from 2011 to 2014, a panel data model is constructed from yearly data to analyze the effects of different determinants of migration flows. The migration flows' determinants analyzed are distance, established immigrant networks in the United States, the US and Mexican states' business cycles, populations, and crime rates, …

A Tale Of Two Cities: A Business Cycle Index For Midland-Odessa, Elisabeth Downs

Open Access Theses & Dissertations

The purpose of this study is to estimate a coincident index for the Midland-Odessa region using the Stock and Watson (1988) methodology. The model assumes that the co-movements of indicators have a common element that can be summarized as a single underlying and unobservable variable, the “state of the economy” (Stock and Watson, 1988). The model utilizes the Kalman filter smoothing approach which smooths the index across time and across indicators and results in index movements that are less pronounced during expansions and recessions. Indicator series used to estimate the Midland-Odessa BCI are: employment, unemployment rate, real retail sales, and …

The Texas Sales Tax Rebate Program, Jose Angel Moreno

Open Access Theses & Dissertations

The sale tax rebate program has existed in states along the U.S. â?? Mexico border for over 60 years and, in Texas, it has been the subject of much debate regarding both its legitimacy and its efficacy in stimulating real retail sales particularly in border cities. No empirical research exists, though, that provides insight into the statistical relationships between the Texas retail sector and total certificates issued by Private Customs Brokers (PCBs) in border cities. This study fills this research gap by creating a model that tests the statistical significance of real retail sales on total certificates issued in Texas. …

The Role Of Distance In College Undermatching, Lois Miller, Humberto Barreto

School of Business and Leadership Working Papers

This paper explores factors explaining why so many high-achieving, low-income students apply to and enroll at universities with relatively low academic standards, despite generous financial aid packages and evidence that these students would be successful at colleges that are more selective. Amazon’s Mechanical Turk was used to gather data, and the entire file is freely available at academic.depauw.edu/hbarreto_web/working. A probit analysis confirms an established result that low-income students are more likely to undermatch. The key result is that as the distance between a student’s home and the university they attend increases, the probability that the student will undermatch decreases. At …

Gender Matters: Perceptions Of Corporate Leadership, Kylie A. Braegelmann

Electronic Theses and Dissertations

Women remain conspicuously underrepresented at the highest levels of corporate management; thus, it seems, gender matters. Gender bias in financial markets would imply an inefficient market, which necessarily constrains economic performance and social welfare more generally. To measure gender bias, I examine the cumulative abnormal returns around CEO announcements from 1992 through 2016 using a modified event study methodology. Existing event studies in this field are inconclusive as to whether or not such a bias exists. Therefore, this research contributes to the literature by extending the data, using a larger event window, and studying bias over time and firm size. …

Umass Sheriden Scholar Lectures 2017, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A., PhD. (n.d.). A classical political economy curriculum [Typed proposal]. Unpublished manuscript outlining an alternative micro- and macroeconomics curriculum derived from laws of demand and supply, wage and profit rates, and technological change.

• Shaikh, A., PhD. (2017, April 11). Boe [Handwritten notes]. Notes discussing training with William Vickrey and Gary Becker, endogenous money, and the goal of providing an alternative path from micro to macro.

• Shaikh, A., PhD. (n.d.). Lillehammer and Andersen Land [Handwritten notes]. Notes regarding an interview discussing real competition as war, the role of class struggle, and the recurrence of crises.

• Shaikh, A., …

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Nipa Imputed Interest, Anwar Shaikh Phd

Archives of Anwar Shaikh

4:23 PM    

Claude responded: This collection includes:

This collection includes:

• Shaikh, A. (n.d.). [Handwritten folder label identifying contents as "NIPA imputed interest / BEA email"; handwritten notation on folder tab: "Tenure reviews 2016/2017"]. Unpublished manuscript note. New School for Social Research.
• Terroni, E. (2010, August 27). Answer to your question on imputed interest [Email with attachment: imputed interest.pdf, sent to [email protected]]. Bureau of Economic Analysis, U.S. Department of Commerce.
• Bureau of Economic Analysis, U.S. Department of Commerce. (ca. 2010). Imputed interest paid and received by commercial banks [Methodological document attached to email correspondence]. U.S. Department of Commerce. …

Essays On Health And Labor Market Outcomes, Maryam Jafari Bidgoli

Wayne State University Dissertations

This dissertation examines the relationship between health and labor market outcomes using the 1996-2010 longitudinal RAND Health and Retirement Study (HRS). First, it estimates the relationship between health and labor supply using a simultaneous equation model, treating health as endogenous. The effect of health may be overestimated because people may adjust their non-employment status by their health conditions (justification hypothesis). By using a full information maximum likelihood method, we can conduct a true test of exogeneity on the health variable, taking into account the correlation between two labor supply and health equations’ time-varying error components (unobserved heterogeneity). The results confirm …

Cooperation Versus Competition In Works Of Russian Evolutionists, Svetlana G. Kirdina-Chandler, John B. Hall

Economics Faculty Publications and Presentations

The article is in Russian.

One of the fundamental assumptions of mainstream economics is that competing agents maximising individual utility comprise the near totality of economic activity. However, this assumption attracts criticism because there is little experimental evidence to suggest that the competitive model is the only form of economic activity. Therefore, searches for other plausible theoretical foundations for economic activity, such as cooperation and mutual aid, are still relevant. In this connection our inquiry reintroduces a debate which occurred in Russia in the 19th and early 20thcenturies. Responses to Charles Darwin’s “The Origin of Species by Means of Natural …

The Strategic Potential Of Community-Based Hybrid Models: The Case Of Global Business Services In Africa, Stephan Manning, Chacko G. Kannothra, Nichole K. Wissman-Weber

Management and Marketing Faculty Publication Series

As a latecomer economy, Africa faces persistent difficulties with catching up in global markets. This study examines the strategic potential of community-based hybrid models, which balance market profitability with social impact in local communities. Focusing on the global business services industry in Kenya and South Africa, and the practice of ‘impact sourcing’ – hiring and training of disadvantaged staff servicing business clients – we find that while regular providers struggle to compete with global peers, hybrid model adopters manage to access underutilized labor pools through community organizations, and target less competitive niche client markets. We further identify key industry, institutional …

Cognitive Performance Across The Life Course Of Bolivian Forager-Farmers With Limited Schooling, Michael Gurven, Eric Fuerstenberg, Benjamin C. Trumble, Jonathan Stieglitz, Bret Beheim, Helen Davis, Hillard Kaplan

ESI Publications

Cognitive performance is characterized by at least two distinct life course trajectories. Many cognitive abilities (e.g. “effortful processing” abilities including fluid reasoning, and processing speed) improve throughout early adolescence and start declining in early adulthood, while other abilities (e.g. “crystallized” abilities like vocabulary breadth) improve throughout adult life, remaining robust even at late ages. Although schooling may impact performance and cognitive “reserve”, it has been argued that these age patterns of cognitive performance are human universals. Here we examine age patterns of cognitive performance among Tsimane forager-horticulturalists of Bolivia, and test whether schooling is related to differences in cognitive performance …

Error Correction Exchange Rate Modeling For Bangladesh, Dipanwita Barai

Open Access Theses & Dissertations

Several error correction models are estimated for analyzing the nominal exchange rate dynamics of Bangladesh between the taka and the United States dollar using annual data. The theoretical frameworks utilized include balance of payments and the monetary construct. The bilateral taka / dollar exchange rate model based on the balance of payments approach exhibits better econometric and statistical traits than the model based on the monetary construct. Out-of-sample simulation indicates, however, that the balance of payments ARDL model does not generate very accurate forecasts for this bilateral exchange rate.

Exploring The Impact Of Collective Bargaining Agreements On Employee Performance Management, Nana Gyesie

Walden Dissertations and Doctoral Studies

As of 2014, union density in the United States had dropped compared to union density during the 1950s. Collective bargaining agreements are the foundational agreement for all issues related to salary, benefits, and working conditions. The purpose of this multiple case study was to explore how collective bargaining agreements hindered or enabled managers from creating and sustaining high performance work practices. The conceptual framework included Walton and McKersie's work on behavioral theories for labor negotiations, human capital, and collective bargaining, and Huselid's work on high performance work practices. Fifteen respondents across 5 labor unions in Washington DC were selected through …

California Water Reallocation: Where'd You Get That?, Damian Park

Economics

When thirsty, Californians often avoid going to the market for more water. Instead, they might borrow some from their rich neighbors, they might sue them or more commonly, they simply take more from users without much of a voice (e.g. the fish or future generations). These alternatives are often superior to using markets. Within markets, a surprising detail emerges – it is uncommon for farmers to fallow fields in order to sell water to another user. Rather, many water transfers are structured so sellers can have their cake and eat it too. While some of these transfers rightly bring about …

Racial And Ethnic Differences In Receipt Of Immediate Breast Reconstruction Surgery: Do Hospital Characteristics Matter?, Jaya Shankar Khushalani

Theses and Dissertations

Immediate Breast Reconstruction Surgery (IBRS) is associated with better quality of life among women who undergo a mastectomy. Despite insurance coverage for IBRS, utilization of IBRS remains low. Data from publicly available sources for 2010-2012 are used to examine the association between hospital characteristics receipt of IBRS by patients. Minority-serving status, low bed size, for-profit ownership, non-teaching status, high competition, low density of plastic surgeons in the market and non-metropolitan location are associated with lower likelihood of receipt of IBRS.

Racial and ethnic minorities are less likely to receive IBRS. A mixed effects logistic regression model with interactions between Black/Hispanic …

Mexico Consensus Economic Forecast, Volume 20, Number 1, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.

Empathy Conservation: Experiments Suggest A Need For More Attention In Policymaking, Natalia V. Czap, Hans J. Czap, Gary Lynne, Mark E. Burbach

CAFIO: Policy Research Group Policy Pagers

One of the major challenges of environmental policy with regard to conservation is that it must often rely on voluntary and non-selfish actions of individuals. Traditionally policy makers rely on direct regulation and financial incentives, but both approaches face problems. Regulations may lead to resentment and the costs of perfect enforcement are prohibitively high. Financial incentives can be perverse and may lead to unintended consequences, including crowding out of intrinsic motivation. In addition, behavioral economics and economic psychology studies demonstrate that the assumptions of the neoclassical economic models (such as self-interest only, rationality, and willpower) on which the policy design …

Renewable Portfolio Standards May Reduce Green Energy Used In Electricity Production, Karina Schoengold, Suparna Bhattacharya, Konstantinos Giannakas

CAFIO: Policy Research Group Policy Pagers

Rising energy prices, dependence on foreign oil supplies, and consequences of climate change have prompted governments worldwide to initiate policies to shift from fossil fuels to renewables for electricity generation. One of the most commonly used policy instruments is the Renewable Portfolio Standard (RPS), which requires electricity providers to procure green energy (e.g., wind, solar, biomass) for a portion of their electricity supplies. To date, RPS has been a state-mandated program in the United States. As of February 2017, 29 states, Washington DC, and 3 territories have adopted RPS policies.

Strategies To Manage Enterprise Information Technology Projects, Mario West

Walden Dissertations and Doctoral Studies

Since 2005, most midsize company information technology (IT) projects had a 62.4% failure rate because of wrong project team communication skills or cost overruns. IT leaders expect negative IT project outcomes will cost over $2 billion by 2020. Using the actor-network theory, the purpose of this single case study was to explore strategies used by IT leaders from a midsize IT company in Washington, D.C. to plan and execute projects under budget and on time. Using purposeful sampling, 5 IT leaders were selected for this study because of their experience in implementing successful strategies for projects. Data were collected using …

Examining Poverty, Entrepreneurship, And Multinational Corporation Participation In South Africa, Stephanie Furlough-Morris

Walden Dissertations and Doctoral Studies

Economic development is seen as the best means of accomplishing the goal of eradicating extreme poverty, and at the heart of this development are for-profit companies, especially multinational corporations. The specific problem examined in this study was whether levels of poverty in South Africa had been significantly impacted by the activities of multinational corporations and the level of entrepreneurship in its 9 provinces. To build upon empirical research on the sources of poverty alleviation and the impact of large global enterprises, the purpose of this study was to examine the impact of entrepreneurship and multinational corporation presence on the change …

Employee Selection Strategies In Casual Dining Restaurants, Tim Racey

Walden Dissertations and Doctoral Studies

Annual turnover for hourly employees in the hospitality industry averages 102%. The costs associated with hiring and training new employees are estimated at 150% of an employee's salary for businesses with more than 30 employees. The purpose of this case study was to examine the personnel selection strategies used in the casual dining sector. The sample for this study was 6 casual dining restaurant managers in the central Georgia area. Three of the participants used online selection strategies and 3 participants used intuition-based strategies. The objective of this study was to compare the similarities and differences between each respective personnel …

The Economic Impacts Of Forest Timber Methods In Washington State: A Hedonic Approach, Kaleb Javier

All Master's Theses

Washington State is one of the nation’s leaders in timber production. This paper establishes literature gap regarding the economic impacts of forest timber management methods. In this research, I employ a data set of 170,141 home sales across eleven counties of western Washington to estimate the impact that even-age and uneven-age forest cutting methods have on the local real-estate market. I estimate two sets of hedonic fixed effect regression models to control for omitted variable bias and spatial autocorrelation. The results show statistically significant impacts on property values for both cutting methods, adding important information for forest managers.