Economics Commons^™

Does Meeting Expectations Of Relative Income Improve Well-Being?, Justin Tyler Stevens

Graduate Student Theses, Dissertations, & Professional Papers

In recent years economists began studying subjective well-being thoroughly, and often find a certain set of variables affect subjective well-being. Relative income is one variable which is regularly found to strongly influence subjective well-being in many different settings around the world. This study investigates whether or not meeting one’s expectations for relative income change affects subjective well-being by taking advantage of individual level panel survey data from South Africa. A fixed effects model is used to eliminate unobservable fixed effects and estimate the effect of moving from the ‘met expectations’ category in time period one, to ‘below expectations’ or ‘above …

A Bibliometrics Literature Review On Cryptocurrency, Asefeh Asemi, Andrea Kő

Library Philosophy and Practice (e-journal)

Objective: A bibliometrics literature review on Cryptocurrency and thematic clustering. The study tried to answer the following questions: What are the most active publishers in Cryptocurrency? What are the most active Authors in Cryptocurrency? What is expression count of the main categories in Cryptocurrency? What is expression count of the sub-categories in Cryptocurrency?

Q5. What is expression count of the keywords in cryptocurrency? What are the most important word occurrences in the title? What are the most thematic clusters in Cryptocurrency?

Methodology: A combined research method is applied. Research community included the published papers in cryptocurrency and retrieved from Google …

Statement From The Indiana Academy Of The Social Sciences And Board Of Directors, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

Senior Editor In Chief's Note, Kenneth D. Colburn

Midwest Social Sciences Journal

No abstract provided.

Table Of Contents, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

Natural Disaster, Crime, And Narratives Of Disorder: The 1861 Mendoza Earthquake And Argentina’S Ruptured Social And Political Faults, Quinn P. Dauer

Midwest Social Sciences Journal

Social scientists studying natural disasters have generally found an absence of panic, a decrease in crime, and survivors working together to find basic necessities in the days and weeks after a catastrophe. By contrast, political and military authorities implement measures such as martial law to prevent chaos and lawlessness threatening private property. The media amplifies narratives of disorder, creating the perception of uncontrolled masses wantonly committing crimes in a disaster’s aftermath. Historians study natural disasters to view political, social, economic, and cultural structures stripped of their everyday veneer. The 1861 earthquake that destroyed the provincial capital of Mendoza in western …

East Chicago Politics: A Cornucopia Of Corruption, Tina Ebenger, Tracey Mccabe

Midwest Social Sciences Journal

Despite the comical title, there is a lot of corruption in East Chicago (IN) politics. One mayoral election had to have a “do-over” because of fraudulent absentee ballots, and a former mayor is doing time in jail for using public monies to remodel his home. This cornucopia of corruption extended to the indictment of six public officials (the so-called Sidewalk Six) in East Chicago for misusing public funds for political gain, specifically vote-buying, in the 1999 mayoral reelection of Robert Pastrick. These officials, ranging from a parks superintendent to a city engineer to several city council members, bought votes by …

Going To Extremes: The National Parent Teacher Association And Political Extremism In The 1960s, Sarah E. Heath

Midwest Social Sciences Journal

In the 1960s, the National Parent Teacher Association (PTA) reported efforts at “infiltration” by conservative extremist groups, including the John Birch Society (JBS). Extremists sought to take over PTA meetings to obtain a mainstream platform for minority opinions. The PTA parried extremists’ efforts with a deluge of activities and publications dedicated to democratic fair play and research-based approaches to education. In spite of a coherent plan for dealing with such techniques in the 1960s, the methods used by the Birch Society and other conservative extremist groups appear to have resumed in contemporary educational discussions. Once again, opinions that appeal to …

Analysis Of Colombian Trade Agreements From 2007 To 2013, Ryan Lee

Midwest Social Sciences Journal

I analyze the firm-level effects on Colombia entering into Preferential Trade Agreements (PTAs) between 2007 and 2013. The combination of detailed firm-level data and PTAs make this article unique. In particular, I look at two separate potential trade-promotion effects of the agreements. The first result deals with how exporting firms in Colombia respond to the tariff cuts in the agreements. The tariff cuts from the agreements increase the size of exports by Colombian firms (the intensive margin); however, tariff cuts do not increase the number of exporting Colombian firms (the extensive margin). The second result deals with how the signed …

Race And Racism In The Historical Imagination: Slavery And Civil Rights In Popular Culture, Denise Lynn, Sakina Hughes, Aimee Adam

Midwest Social Sciences Journal

Because Hollywood films often lack black representation, films on slavery and civil rights often fail to recognize the roles that black Americans have played in their own emancipation from slavery and in the civil rights movement. Our contention is that historically inaccurate films perpetuate inaccurate understandings of Black history and thus inform contemporary race relations. We selected a more and a less accurate film about slavery and about the civil rights movement, discussing these four films in terms of their historical context.

We also conducted an experiment. After watching one of the four movies, or after viewing no movie, participants …

Effects Of Cisnormative Beauty Standards On Transgender Women’S Perceptions And Expressions Of Beauty, Delmira Monteiro, Mixalis Poulakis

Midwest Social Sciences Journal

The authors conducted a qualitative study exploring the effects of cisnormative beauty standards on transgender women’s perceptions and expressions of beauty. Twelve self-identified Caucasian transgender women completed a semistructured interview that provided descriptive data related to the women’s perceptions of societal beauty standards. Analysis of the data revealed the following primary themes: Participants viewed the beauty of transgender and cisgender women as diverse or as encompassing a broad range of variability; societal beauty standards were influential on participants’ expressions of beauty; and participants’ viewed out-group transphobia as a factor contributing to discriminatory and prejudicial perceptions of transwomen’s beauty.

Antidiscrimination Ordinances In Northwest Indiana: An Event-History Analysis Of Municipal Policies Since 1992, James Paul Old, Kimberly Palmer Fields

Midwest Social Sciences Journal

In recent years, municipalities throughout Indiana have passed antidiscrimination ordinances that protect the rights of individuals who belong to racial, ethnic, or sexual minorities. Political scientists have proposed competing theories of policy-adoption processes that suggest a number of internal factors (such as socioeconomic characteristics, governmental capacity, or issue salience) or external factors (such as mandates/incentives from higher-level governments or influence from neighboring communities) as predictors of policy adoption; however, most existing studies focus on state-level processes, and those that focus on municipalities consider only large cities in different states. To more clearly distinguish between state-level effects and local effects, this …

The Impact Of Perspective In Identifying And Responding To Potential Sexual Misconduct: A Study Of University Students, Nichole Maki Weller, Kathy Parkison, Steven R. Cox, Michael Plummer

Midwest Social Sciences Journal

Recent events have demonstrated a divergent understanding of sexual harassment and other forms of sexual misconduct. Although sociocultural standards regarding sexual misconduct have changed over time, including improved social and workplace standards and protections, it is clear that not everyone views these events through the same lens. The lens is even less clear when potential misconduct is viewed from the distinct perspectives of a “victim” and a “perpetrator.” We surveyed 424 undergraduate and graduate students at Indiana University Kokomo to identify the impact of perspective and various sociodemographic characteristics that may influence perceptions of what is, and is not, sexual …

“We Are A Very Happy Family”: 19th-Century Familial Power Dynamics, Stella A. Ress

Midwest Social Sciences Journal

This article examines the roles of family members in the mid-19th century in America, using the Willard family as a case study. Ultimately, this thick description of the Willard family demonstrates that power within the family structure was neither intrinsic nor static; moreover, one person did not control the family and its decisions at all times. Instead, each family member, depending upon circumstances, situations, and his or her own nature, negotiated and laid claim to power through various sources of authority. Josiah Willard’s authority stemmed from his role as father and husband; society crowned him king of the household, and …

Measures Of Challenging And Excitatory Parenting Behavior As Predictors Of Later Child Self-Regulation, Zachary Havlin

Midwest Social Sciences Journal

Challenging and excitatory parenting behaviors play an important role in children’s development, particularly in regard to the development of selfregulation; however, no well-established measures of parent-child interactions exist that record such behaviors. In the current study, I compare two recently developed coding systems that intend to address this issue: the Risky Interaction Support and Challenging (RISC) and Marbach coding systems. A subset of videos from the New Parents Project (NPP) data set at 12 and 18 months was coded using both scales, then a factor analysis was conducted for each scale. Regressions were conducted to look at the predictive power …

Citizen Initiative To Improve Local Government Ethics: Northwest Indiana Experience, Calvin Bellamy

Midwest Social Sciences Journal

After more than 50 years of widespread public corruption in Northwest Indiana, a small group of citizens and public officials met over a period of several months and developed a largely voluntary response. The result was the Shared Ethics Advisory Commission, which trains public employees on ethical decision making, provides specialized training for department heads and board and commission members, and hosts an annual ethics summit for the general public. Periodic employee ethics surveys indicate a positive effect of the training. In addition, the commission has developed a Candidate Ethics Action Pledge administered in each local election cycle, and a …

Racial Segregation In Indianapolis, 1990–2010: A Spatial Perspective, Vijay Lulla, Owen Dwyer

Midwest Social Sciences Journal

The index of dissimilarity is the most widely used method for measuring racial segregation. When applied to Indianapolis, this index has returned results showing the city to be among the most segregated in the country. The resulting measure, however, suffers from two shortcomings. First, the index of dissimilarity is sensitive to the census-defined geographic unit chosen for the analysis; thus, this index returns different (though proportionate) results depending on whether the population data are aggregated to larger or smaller enumeration units. Second, the index of dissimilarity cannot account for the influence of spatial proximity; adjacent census blocks interact regardless of …

Genealogical Trends In Solving Cold Cases: An Investigation Into The Merits And Concerns With New Cold-Case Lead Development, Katie Smolucha, Tyler Counsil

Midwest Social Sciences Journal

In the criminal justice system, not all offenders are brought to justice; unfortunately, cold cases exist and provide long-term challenges to investigators. From historic breakthroughs in forensic DNA analysis to today’s new trends, advancements in technology continue to give investigators hope of resolving unsolved mysteries with no clear-cut suspect. This article examines the progression of DNA analysis over the past three decades and explores the recent trends in the use of genealogy websites to solve cold cases. DNA technology’s innovative uses, from its early years to modern, are explored herein. By exploring traditional DNA analysis to advances that explore the …

“But I Only Wanted Them To Conform”: A Detailed Look Into The Initial Cohort Of Girls At The Indiana Reformatory Institution For Women And Girls Between 1873 And 1884, Molly Whitted, Michelle Williams

Midwest Social Sciences Journal

For the past four years, as part of a group of currently and formerly incarcerated scholars, we have researched the “inmates” and staff at the Indiana Women’s Prison during the institution’s first decade. Then known as the Indiana Reformatory Institution for Women and Girls, the facility was located near downtown Indianapolis on Randolph and Michigan Street. We focused on a key constituent of the Indiana Reformatory for Women and Girls: the girls themselves, heretofore voiceless and uninvestigated.

Our primary sources include the annual reports of the reformatory and the original registries for the girls during the survey period of 1873–1884. …

A Two-Round In-Class Trading Game On The Principle Of Comparative Advantage And The Theory Of Reciprocal Demand, Bei Hong

Research Collection School Of Economics

This paper outlines a classroom trading game that explores equilibrium terms of trade using the principle of comparative advantage and theory of reciprocal demand. Students are divided into eight groups. Each group is assigned a country with hypothetical productivity and each country seeks its trading partner based on comparative advantage. Students simulate the trading of goods between countries with the objective of achieving the best possible terms of trade. The game encourages students to reflect on their learning of the principle of comparative advantage, consider improvements in trade terms through negotiation, and summarize the conditions for mutually beneficial terms of …

Nonstationary Panel Models With Latent Group Structures And Cross-Section Dependence, Wenxin Huang, Sainan Jin, Peter C. B. Phillips, Liangjun Su

Research Collection School Of Economics

This paper proposes a novel Lasso-based approach to handle unobserved parameter heterogeneity and cross-section dependence in nonstationary panel models. In particular, a penalized principal component (PPC) method is developed to estimate group-specific long-run relationships and unobserved common factors and jointly to identify the unknown group membership. The PPC estimators are shown to be consistent under weakly dependent innovation processes. But they suffer an asymptotically non-negligible bias from correlations between the nonstationary regressors and unobserved stationary common factors and/or the equation errors. To remedy these shortcomings we provide three bias-correction procedures under which the estimators are re-centered about zero as both …

Volatility Spillovers Among Oil And Stock Markets In The Us And Saudi Arabia, Marinela Adriana Finta, Bart Frijns, Alireza Tourani-Rad

Research Collection Lee Kong Chian School Of Business

In this article, we use high frequency data and an identification via changes in volatility approach to assess the volatility spillovers among oil and the US and Saudi Arabian stock markets. We document the existence of asymmetry in contemporaneous spillover effects. Particularly, during the times when oil’s trading hours overlap with the US and Saudi Arabian stock markets, the volatility spillover from oil to the stock markets is higher than the other way around. We highlight the importance of taking into consideration the information present during continuous trading hours of oil, especially during simultaneous trading hours with the stock markets. …

“It Takes A Village To Raise A Rigorous Qualitative Project”: Studying Family Financial Socialization Using Team-Based Qualitative Methods, Loren D. Marks, Christina M. Rosa, Ashley B. Lebaron, E. Jeffery Hill

Faculty Publications

This purpose of this case study is to relate the methods used to conduct a qualitative research project about family financial socialization designed by emerging adults, primarily employing emerging adults as the primary research participants (although some of their parents and grandparents are interviewed). A sample of 153 respondents (128 undergraduate students, 17 parents, and eight grandparents) at three universities was recruited to assure diversity. We outline and discuss our team-based approach to qualitative data collection, analysis, and coding procedures, as well as how a team of 10 undergraduate students was incorporated into this approach. We relate the challenges and …

Three Essays On Applied Semiparametric Methods, Qinling Lu

Graduate Theses, Dissertations, and Problem Reports (ETD)

The first chapter studies a varying coefficient panel data model with different smoothing variables and fixed effects using a two-step estimation approach. The first-step pilot estimator is constructed by ap- approximating the varying coefficients with B-spline functions. The pilot estimator is then used to perform a one-step backfitting to obtain the second-step efficient estimator with kernel local linear estimation. The second-step estimator is efficient in the sense of being equivalent to a procedure knowing the other components of the varying coefficient. The asymptotic properties of both the pilot and efficient estimators are obtained. A Monte Carlo simulation indicates that the …

Three Essays On The Economics Of Public Libraries, Amir Borges Ferreira Neto

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation explores empirical issues concerning public libraries in the United States. In particular, it analyzes the direct and indirect effects to and from public libraries, on different issues such as charitable donations, labor market outcomes, institutions and technical efficiency. Chapter 1 discusses the economics of public libraries and its relevance. In addition, it provides an outline of the dissertation and its main contribution to the literature. Chapter 2, analyzes the determinants of donations to public libraries testing the crowding effect from government funding of public libraries. I find suggestive results of a crowd in effect with an inverted U …

Three Essays On Nonparametric Hypothesis Testing And Stochastic Frontier Analysis, Taining Wang

Graduate Theses, Dissertations, and Problem Reports (ETD)

The first chapter proposes a nonparametric test of significant variables in the partial derivative of a regression mean function. The test is constructed through a variation based measure of the derivative in the directions of the significant variables, with the derivative estimation through a local polynomial estimator. The test is shown to have the asymptotic null distribution and demonstrated to be consistent. The chapter further proposes a wild-bootstrap test, which exhibits the same null distribution regardless of whether the null is valid or not. Through Monte Carlo studies, the test shows encouraging finite sample performances. Through an empirical application, the …

Competition, Markups, And Gains From Trade: A Quantitative Analysis Of China Between 1995 And 2004, Wen-Tai Hsu, Yi Lu, Guiying Laura Wu

Research Collection School Of Economics

This paper provides a quantitative analysis of gains from trade in a model with head-to-head competition using Chinese firm-level data from Economic Censuses in 1995 and 2004. We find a significant reduction in trade cost during this period, and total gains from such improved openness during this period is 7:1%. The gains are decomposed into a Ricardian component and two pro-competitive ones. The procompetitive effects account for 20% of the total gains. Moreover, the total gains from trade are 13 31% larger than what would result from the formula provided by ACR (Arkolakis, Costinot, and Rodríguez-Clare 2012), which nests a …

On Factor Models With Random Missing: Em Estimation, Inference, And Cross Validation, Liangjun Su, Ke Miao, Sainan Jin

Research Collection School Of Economics

We consider the estimation and inference in approximate factor models with random missing values. We show that with the low rank structure of the common component, we can estimate the factors and factor loadings consistently with the missing values replaced by zeros. We establish the asymptotic distributions of the resulting estimators and those based on the EM algorithm. We also propose a cross validation-based method to determine the number of factors in factor models with or without missing values and justify its consistency. Simulations demonstrate that our cross validation method is robust to fat tails in the error distribution and …

Made In Singapore, Pao-Li Chang, Phuong T. B. Nguyen

Research Collection School Of Economics

In this paper, we characterize the position of Singapore in global value chains and identify Singapore's key upstream and downstream trade partners. We trace how the position of Singapore in global value chains has changed in the past two decades: whether it has moved upstream or downstream, how involved it is in global value chains, how its trend compares with other major Asian exporting countries (China, Japan, Korea and Taiwan), and which key sectors of Singapore play a major role in these global trade networks.

Monthly Spending Dynamics Of The Elderly Following A Health Shock: Evidence From Singapore, Terence C. Cheng, Jing Li, Rhema Vaithianathan

Research Collection School Of Economics

We use novel longitudinal data from 19 monthly waves of the Singapore Life Panel to examine the short-term dynamics of the effects health shocks have on household health and non-health spending and income by the elderly. The health shocks we study are the occurrence of new major conditions such as cancer, heart problems, and minor conditions (e.g. diabetes, and hypertension). Our empirical strategy exploits unanticipated changes in health status through the diagnosis of new health conditions, combined with an individual fixed effect framework. We find that major shocks have large and persistent effects while minor shocks have small and mainly …