Economics Commons^™

Agricultural Water Management, Farmer Decision-Making And Climate Adaptation In Dryland Agriculture: A Case Of The Middle Rio Grande Basin, Oluwatosin A. Olofinsao

Economics ETDs

Agriculture in dryland regions faces mounting pressure from climate change, water scarcity, and shifting land-use demands. The Middle Rio Grande Basin (MRGB) of central New Mexico exemplifies these challenges, where irrigated agriculture relies on increasingly variable surface water supplies. This dissertation examines agricultural water use, farmer decision-making, and adaptation strategies across farm types and climate conditions in the MRGB. The first study presents a spatial descriptive analysis of farm size, crop patterns, groundwater access, evapotranspiration (ET), and effective ET, revealing a landscape numerically dominated by smallholder farms that account for a substantial share of irrigation water use. The second study …

Boundaries Of Inequality: The Political Economy Of Redlining And Modern Mortgage Credit, Kyle Guo

Harvey M. Applebaum ’59 Award

This paper investigates the legacy of historical redlining on contemporary access to mortgage credit across three distinct urban policy environments: Baltimore, Philadelphia, and Manhattan. I find that while historical redlining is associated with a statistically significant negative effect on mortgage approval rates, the magnitude of this direct effect is relatively small. In comparison, applicant race, particularly for Black applicants, is a stronger predictor of mortgage approval rates across cities and models. This study utilizes 1930s Home Owners’ Loan Corporation (HOLC) residential security maps and Home Mortgage Disclosure Act (HMDA) data from 2007 to 2017, and uses ordinary least squares (OLS) …

Welcome Tilly Norwood: Forecasting Hollywood’S Ai Policy Futures, Samuel P. Rooker

Senior Honors Projects, 2020-current

In late 2025, weekly trade publication Variety Magazine reported on the announcement of a new acting talent in Hollywood: Tilly Norwood. Norwood is an industry outsider and the pet project of Eline Van der Velden, who unveiled the actress’ existence to the world at the Zurich Film Festival. The announcement quickly gained media coverage while Van der Velden has since faced cyclical backlash from Hollywood trade unions, which does not seem entirely without reason. Tilly Norwood is a digital persona, a generative artificial intelligence (GenAI) program, designed by Van der Velden’s novel AI talent studio, Xicoia, to become the next …

Hammurabi’S Laws: Ancient Traditions Of Violence, Aaron Secrist

The Confluence

The tradition of enforcing private property through violence is truly ancient, and goes back thousands of years to the first civilizations. There exists a prevailing attitude that contemporary culture is more “civilized” than the first organized societies – and while it’s true in some ways, our laws are still remarkably similar to those practiced in antiquity. In the following essay, I analyze the Law Code of Hammurabi and examine its parallels to the way laws function today. First, I will provide context for the technological advances that made the first city-states possible, then give a cultural and economic overview of …

The Effects Of Food Insecurity And Child Health On Educational Achievement In Virginia Counties, Peyton T. Randall

Honors Projects

This study examines the relationship between county-level socioeconomic and demographic factors and student performance on Virginia Standards of Learning (SOL) math and reading assessments in 2023. Using data from 127 of Virginia’s 133 independent counties and cities, this study conducts an ordinary least squares (OLS) regression. The analysis shows a strong negative association between food insecurity, measured by the Identified Student Percentage eligible for free school lunch (ISP), and chronic absenteeism with SOL pass rates. These findings show food insecurity and absenteeism as key drivers for achievement disparities, suggesting a need for further interventions and broader research using school-level and …

Inflation, War Bonds, And Voter Backlash In The 1950s, Gillian Brunet, Eric Hilt, Matthew S. Jaremski

Economics: Faculty Publications

We study the role of war bonds and inflation in post-WWII federal elections. During WWII, the federal government conducted aggressive campaigns to convince Americans to invest their savings in war bonds. After the war, major bouts of inflation in 1946-48 and 1950-51 depressed the bonds’ real returns, provoking widespread frustration. In a difference-in-differences framework, we find that counties with higher war bond purchases shifted their votes towards the Republican Party in the postwar presidential elections. To address concerns related to the endogeneity of war bond purchases, we use an instrumental variables design, and obtain similar results. We also find that …

Upjohn Regional Economic Outlook, Iryna V. Lendel, Chloe Wieber, Sevrin Williams, Gerrit Anderson, Lee Adams, Emily Petz

Reports

No abstract provided.

More Than The Sum Of Its Sexes: Functional Constraints, Embodied Capital, And Age-Structured Labor In Human Forager Economies, Eric Schniter, Hillard Kaplan, Brenda Bowser, Cari Goetz

ESI Publications

"The paper's rough consensus attributes the SDoL to differential variance in food returns across male- and female-typical foraging domains, sourcing this primarily to Bird and Codding (2015) and Kelly's (2013) reframe of the classic 'hunting vs. gathering' axis as 'risky vs. non-risky foraging.' Indeed, the data show that males more often pursue large game and honey, resources that yield higher caloric returns but with high unpredictability, injury risk, and failure rates. Females, especially those with dependent young, more often target plant foods and small game that produce steadier, lower-variance returns. But variance-buffering is a proximate ecological account, not a life …

Oer Review For Intermediate Microeconomics: An Open Resource, Naveen Sunders

Open Educational Resources Publications

This paper reviews Intermediate Microeconomics: An Open Resource, a freely accessible, instructor-developed textbook created over six years of teaching at Bentley University. Designed primarily for undergraduate business students, the resource integrates core topics such as consumer and producer theory, cost analysis, market structures, game theory, and welfare economics, balancing mathematical rigor with applied intuition. Built from evolving course materials, it is paired with a comprehensive suite of supporting resources, including lecture slides, videos, problem sets, quizzes, and interactive visualizations, forming a cohesive instructional package. The textbook’s modular structure allows flexibility in sequencing and adaptation across diverse instructional contexts, although …

Early Detection Of Alzheimer's Disease And Related Dementias From Spontaneous Speech Using Foundation Speech And Language Models: Comparative Evaluation, Jingyu Li, Lingchao Mao, Xi Mao, Hairong Wang, Zhendong Wang, Xuelei Sherry Ni

School of Economics and Finance Faculty Publications

Background: Alzheimer's disease and related dementias (ADRD) are progressive neurodegenerative conditions where early detection is critical for timely intervention and care planning. However, current diagnostic methods are often inaccessible, costly, and delayed, especially for underserved populations. There is a growing need for scalable, noninvasive tools that can support timely diagnosis. Spontaneous speech contains rich acoustic and linguistic markers that can serve as noninvasive behavioral markers for cognitive decline. Foundation models, pretrained on large-scale audio or text data, generate high-dimensional embeddings that encode rich contextual and acoustic information.

Objective: This study benchmarks open-source foundation language and speech models to evaluate their …

Early-Term Abortion Bans And Sex Selection After Dobbs V Jackson, William Jergins, Xin Liang Brown

Faculty Scholarship

Following the 2022 US Supreme Court decision Dobbs v Jackson, many states adopted early-term abortion (ETA) bans that prohibit abortions before the age of viability and often before sex determination is technologically feasible. We analyze the effect of ETA bans on the sex ratio at birth among first-generation Chinese, Korean, and Indian (CKI) immigrants using difference-in-differences and triple differences methodolo- gies. While our estimates across higher parity children sometimes indicate a decrease in the sex ratio at birth, they are also generally small and statistically insignificant, which is consistent with continued access to sex selection under ETA bans. In contrast, …

Solving Affordability Challenges In Education, Housing And Childcare, Brad J. Hershbein, Michelle Miller-Adams, Brian J. Asquith, Chloe R. Gibbs

Presentations

These three presentations emphasize that affordability challenges across education, housing, and childcare stem from structural market and policy frictions, and that effective solutions require coordinated public investment, simplified systems, and attention to both supply and demand. The first presentation argues that while college tuition growth has slowed and aid has increased, affordability challenges persist due to complexity, misperceptions, and uneven costs, and it advocates for simple tuition-free programs combined with investments in advising, streamlined pathways, and stronger school-to-work connections. The second presentation highlights a growing housing affordability crisis in the Rust Belt driven by aging housing stock and limited supply, …

Measuring The Exorbitant Privilege: A Unified Estimate Of The Financial Benefits Of Dollar Dominance, 1976–2024, Carson T. Weeks

Honors Theses

This paper constructs a unified annual time series of the major measurable components of the United States' exorbitant privilege from 1976 to 2024. Drawing on established econometric estimates from the literature, it measures three channels through which the international role of the dollar generates financial benefits for the United States: seigniorage from foreign holdings of physical currency, borrowing cost savings on federal debt arising from reserve-driven demand for Treasuries, and the return differential on the U.S. external balance sheet, covering both public and private holdings. All dollar figures are reported in real 2024 dollars, deflated by the Consumer Price Index. …

The "Missing Self-Employed": How Better Data Change The Picture Of Self-Employment In The United States, Katharine G. Abraham, Susan N. Houseman, Beth C. Truesdale

Upjohn Institute Policy Papers

How economically secure are self-employed workers? Accurate answers to this question depend on data that capture the full range of self-employed people, including business owners, independent contractors, and those working on an informal, often cash basis. Using data from the 2025 American Job Quality Study, we demonstrate that, because of the way standard survey questions are worded, a substantial number of self-employed people are likely miscoded as employees in existing surveys. Correctly including these “missing self-employed” increases the share of workers who are self-employed on their main job by nearly 50 percent. Compared to the self-employed captured by standard survey …

Centralization Vs. Decentralization: First Evidence From The Laboratory, Gabriele Camera, Gary Charness, Nir Chemaya

ESI Working Papers

The future architecture of financial systems is a subject of contention, with centralized and decentralized governance proponents. Here we ask: would the architecture affect the quality of decision-making? We propose a game where financial network participants demarcate the ownership of claims to income. This governance task can be decentralized (shared authority), centralized (single authority), or hybrid (alternating authority). Without communication all architectures supported poor outcomes. With communication, decentralization ensured good governance and maximum profits, while centralization did not—lowering communication’s potency in promoting socially optimal decisions. This indicates there is scope for decentralization in innovating financial institutions.

Undertaking Short-Term Finance Transactions In Brazil - An Historic And Modern Look At The Brazilian Economy And Associated Risks, Shawn M. D'Aversa

Student Research

The following report discusses the risks and construction of a hypothetical short-term trade finance transaction involving the five parties: Citibank N.A., Caterpillar Inc. (CAT), Banco Do Brasil, Paracatu Gold Mine and EXIM Bank. Fair warning: this is a long paper for a short-term transaction.

For the deal, Caterpillar Inc. (CAT) has approached Citibank N.A. in New York regarding a financing transaction for five 797F-400 short-ton haul trucks. The trucks are worth $5mn each, including the costs of training and spare parts, for a total of $25mn. Put simply, the trucks are beasts for mining. They will then be shipped to …

Climate Policy Uncertainty And Housing Prices: Analyzing Bidirectional Transmission Across U.S. Metropolitan Areas, Sourav Batabyal, Alper Gormus

Finance and Economics

This study examines the relationship between climate policy uncertainty (CPU) and residential housing prices across U.S. metropolitan areas using the U.S. CPU index developed by Gavriilidis in 2021 and monthly S&P CoreLogic Case-Shiller Home Price Indices, covering January 1991 to May 2024. Employing a Fourier-augmented Toda–Yamamoto causality framework that accounts for both abrupt and gradual structural breaks, we document significant CPU → housing prices transmission in multiple metropolitan markets, with bidirectional transmission dynamics emerging in Los Angeles, New York, San Diego, and San Francisco, as well as at the U.S. national level. The results reveal substantial spatial heterogeneity across various …

Resilience In Place Names: German-Hehe War Memories And Cultural Identity In Iringa Toponyms, Claudio G. Kisake, Sophilini M. Yisega, Spemba E. Spemba

Journal of Humanities and Social Sciences

Toponyms, or place names, act as vital markers of historical memory, cultural identity and resilience. In Iringa, Tanzania, toponymy offers valuable insights into the enduring impacts associated with the German-Hehe War (1890–1898), and colonial encounters on indigenous communities. This study explores how place names—such as Kitanzini (‘a place with a noose for hanging people’), Ilundamatwe or Lundamatwe (‘a collection of slaughtered heads’), and Gangilonga (‘the speaking stone’)—convey narratives of Hehe war superiority, resistance, and survival. Using a qualitative approach, the research incorporates archival sources, oral histories, and linguistic analysis to investigate the stories behind naming and renaming, the role of …

A Sturdy Future: Mangrove Restoration Against Climate Extremes, Gabriella Marie Siasoco

Student Theses 2015-Present

This paper addresses the impacts of climate change on natural disasters and examines how rehabilitation of mangrove forests in Mesoamerica and the Caribbean can mitigate those effects. Rising ocean and atmospheric temperatures contribute to higher sea levels and more severe hurricanes and tropical storms, characterized by increased frequency, duration, and intensity in peak winds, storm surges, and rainfall. Mangrove ecosystems act as vital buffers against coastal disturbances such as tsunamis and extreme storms, while contributing to climate change mitigation through carbon sequestration. Additionally, they improve water quality by filtering nutrients, preventing eutrophication. Despite their ecological and economic value, mangroves in …

Solid Waste Management In Greater Khartoum City, Sudan, Roba Mahmoud

Student Theses 2015-Present

This study investigates the rising solid waste management (SWM) dilemma in Greater Khartoum City (GKC), a critical environmental and public health issue caused by fast urbanization and inadequate infrastructure, with historical linkages to Sudan's colonial and postcolonial growth. Chapter 1 describes the current problem using quantitative and qualitative data, demonstrating that GKC produces approximately 3,340 tons of waste each day, with 56% organic matter, 8% plastics, and 16% paper. Collection efficiency remains severely poor, at 31.5%. Informal recyclers known as Nakasha or Barkata collect approximately 7% of total waste, supporting roughly 3,900 people, whereas filthy open dumps and unsorted medical …

Perception Of Asset Price Bubbles In Graphical Data, Cooper P. Vining

Honors Theses

This thesis studies how individuals judge asset price paths and bubbles from graphical data. It primarily investigates whether individuals can differentiate simulated asset price paths that are generated from pure random walks, and graphs that have a bubble element. This question is important because inventors and ordinary people often interpret price paths visually.

To test this, the project creates simulated asset price paths using random walks and bubble multipliers. The survey has four types of graphs: pure random walks, random walks with a 25% bubble, random walks with a 50% bubble, and random walks with a 75% bubble. The graphs …

Controlling Fiscal Destiny: Evaluating The Effect Of State Tax Composition On Resilience During Defined Shock Period, Calloway R. Bills

Honors Theses

State governments operate under strict fiscal constraints that limit their ability to respond to economic downturns through borrowing or monetary policy, making tax composition a key determinant of fiscal stability. This paper evaluates how variation in state tax revenue composition affects fiscal resilience during economic shocks, focusing on the Great Recession. While prior research shows that individual tax instruments differ in cyclicality, less is known about how overall tax structure shapes revenue performance during and after shocks. Using a panel dataset of U.S. states from 1988 to 2024, this study measures resilience through two outcomes: the magnitude of revenue decline …

Assessing College Tuition And Wage Prospects For Careers In Archaeology, Angelina H. Gutierrez

Honors Capstones

The pressures of rising college tuition are raising questions about whether a degree in higher education is worth the return on investment in today's society and economy. This study aims to acknowledge the issues of affording college and the opportunities granted in the face of college wealth premiums from the perspective of the field of archaeology. The college wealth premium is understood as additionalopportunities and increased salaries offered to those with a degree in higher education compared to those without. Using the Midwestern United States as a case study, I discuss the gender/race wage gap, college debt, loan inequity, and …

Party, Place, And Pocketbooks: What Shapes Americans’ Trust In Political Institutions, Hwayong Shin

Weidenbaum Center Survey (WCS) Reports

Evidence from the Weidenbaum Center Surveys (Waves 6–8) suggests that trust in institutions has not simply evaporated. Instead, it is being sorted along several cleavages, such as partisanship, geography, and personal economic security. While trust in the federal government remains relatively low yet stable from May 2025 to March 2026, trust in specific institutions varies across partisan, geographic, and economic cleavages. This fragmentation of trust points to a potential challenge to the stability of American democracy.

How Changes In Mexican Immigration To The United States Affect Mexican Labor Markets, Gonzalo Ares De Parga-Regalado, Marta Prato

Employment Research Newsletter

No abstract provided.

How Do Minimum Wages Affect Workplace Injuries?, Michael Davies, R. Jisung Park, Anna Stansbury

Employment Research Newsletter

No abstract provided.

Empirical Results From The Eliminations Of Municipal Minimum Parking Requirements, David A. Griffith

Honors Theses

Minimum Parking Requirements (MPR) are municipal zoning ordinances mandating a set number of off-street parking spaces for new developments. Since the 1950s, MPR has been the near-universal way American municipalities supply parking, though growing criticisms since the late 1990s have targeted the policy for distorting development patterns, imposing high costs, and subsidizing personal vehicle use. Beginning in the early 2010s and increasingly in the early 2020s, cities and counties across the United States have moved to reform or eliminate MPR. This paper is the first empirical study of the economic effects of these removals. Using a two-way fixed-effects difference-in-differences OLS …

Change Of Accessibility In The Izu Islands Before And After Tourism Development In The Pre-World War Ⅱ Period, Kantaro Takahashi

International Journal of Islands Research

This study compares accessibility on the Izu Islands, an inhabited archipelago. part of Tokyo Prefecture, from around the 1910s to the 1930s, during the early years of tourism development. Most islands in the archipelago started attracting tourists during the economically prosperous 1960s and 1970s; uniquely, Izu Oshima, the largest island, had been a tourist destination since before World War II. Tourism research on this region and period has predominantly employed a descriptive approach; quantitative studies have been rare owing to the dearth of data. Addressing this gap, this study conducts a network analysis of data acquired from the books of …

The Marginal Sexual Equality Game: Defining The Incentives For Sexual Equality Using Economic Game Theory And Butler’S Gender Trouble, Blaise Bowers

Student Scholar Symposium Abstracts and Posters

This project takes an interdisciplinary economic and gender studies approach to explain subversion, sexual equality, and the marginal nature of sexual rights. The project uses advanced economic game theory to derive the Marginal Sexual Equality Game Formula. The formula explains the various political-economic incentives for a minority gender/sexual identity’s subversion of dominance, a dominant sex's incentive to suppress, the impact of cooperation versus division among minority genders/sexual identities, incentives and impacts of cooperation between sects of minority genders/sexual identities and the dominant gender/sexual identity, and the various consequences of various social mobility and elasticity. Additionally, the formula proves and showcases …

Ai Is Taking Over!: A New Generation Of Unemployment Fears, Amaya V. Hepburn

Student Scholar Symposium Abstracts and Posters

The growing panic surrounding AI taking over the workforce is strong in a distinct group of demographics, in contrast to the fear of computers taking over the workforce that was seen in previous generations. This suggests that AI developments have sparked a wave of fear that is unlike the fear of tech developments in the past. I have discovered that this fear is prevalent across several demographics: age, employment, and income. By cross-analyzing through the 2017 and 2025 fear surveys, I discovered that fear of AI is more prevalent in younger generations and is more threatening to students entering the …