Economics Commons^™

Inequality, Economic And Cultural Polarization, And Entrepreneurship Challenges In Emerging Contexts, Nikhilesh Dholakia, Deniz Atik

Markets, Globalization & Development Review

No abstract provided.

Mismatch In Local Labor Markets: How Demand Shocks To Different Occupations Affect Less- Or More-Educated Workers In Diverse Local Labor Markets, Timothy J. Bartik

Upjohn Institute Technical Reports

This paper estimates the effects on local labor market outcomes (employment rates, real wages, real earnings) of local labor demand shocks to different types of occupations. Occupations are divided into three groups, “high, middle, and low,” with occupations differing in wages paid and education credentials required. Effects are considered on both workers with less than a four-year college degree and workers with a bachelor’s degree or higher. The strongest benefits for labor market outcomes come from demand shocks to “mid jobs.” Mid-job demand shocks particularly benefit less-educated workers. High-job demand shocks often hurt labor market outcomes for less-educated workers, in …

One-Shot Inequality, Gini, And Redistribution Via Microsoft Excel, Humberto Barreto

School of Business and Leadership Working Papers

This paper explains how to use a macro-enabled Excel workbook, Gini.xlsm, to teach basic concepts about income inequality as a standalone, one-time class at the undergraduate level. The material unfolds in a series of steps that highlight the benefits of social cooperation and enable students to explore varying degrees of redistribution. The Gini Coefficient is explained with dynamic charts that update as the student makes changes. The Excel workbook contains 13 questions and this paper provides answers. This presentation of the material was inspired by Nozick’s Anarchy, State, and Utopia (relevant passages are included in the Excel workbook) and this …

Assessing The Impact Of Inequality On Political Activity And Class Consciousness, Matthew Prouty

Thinking Matters Symposium

Since 1980, the United States has experienced stagnating wages, higher levels of inequality, and intensifying political polarization. Despite this, U.S. domestic economic policy has not undergone the fundamental transformation needed to combat these systemic challenges. Why have these policies remained in place when they have a negative impact on the aggregate working class, and why has the working class not used American Democracy to change these policies? Could it be that the rising inequality has led to reduced political engagement with the remaining voters being more devout participants to their ideology than effective policy? Although there is an abundance of …

Save, Gamble, Or Both? The Relationship Between Premium Bond Sales And Lottery Sales In The United Kingdom, Kaden Grace

Honors Theses

Four out of every ten Americans are unable to pay for an unexpected $400 bill out of their savings accounts. To ameliorate this problem, one policy to incentivize saving is a Prize-Linked Savings Account (PLSA). Unlike a traditional savings account that pays out a consistent rate of return, a PLSA pools the interest on all deposits and distributes the returns in randomly drawn prizes (similar to a lottery). However, PLSAs remain illegal in many areas due to a concern that the introduction of a private or public PLSA could cannibalize revenue from an existing state-sponsored lottery, thus restricting the state’s …

Covid-19, The New Urban Crisis, And Cities: How Covid-19 Compounds The Effects Of Economic Segregation And Inequality On Metropolitan Economic Performance, Richard Florida, Todd Gabe

External Papers and Reports

No abstract provided.

Banking Deserts And The Paycheck Protection Program, Kristopher Deming, Stephan Weiler

External Papers and Reports

No abstract provided.

Inequality, Social Reproduction And Economic Growth, Patrice Geffrard

Senior Honors Projects

No abstract provided.

The Prisoner Plateau: How Prisons Affect Rural Economies, Andi Ellis

[Archive] Belmont University Research Symposium (BURS)

For the last several decades, rural communities in the United States have struggled to keep their economies afloat. In an effort to revitalize such economies, local leaders have bid on being the host communities for prisons– both federal and private. Do these prison facilities actually affect rural economies? Equally, how do these prison hosting communities differ from neighboring counties that do not have prisons? By examining various rural prison counties from across the country, as well as their non-prison county counterparts, I argue that, despite an undeniable uptick in jobs, the quality of life in these communities is often unchanged, …

International Financial Assistance And Inequality In Emerging Markets: Colombia, Egypt And Turkey, Sara Farag

Theses and Dissertations

This research study investigates the effects of the three main pillars of structural adjustment policies imbedded in IFI funding facilities on income inequality in three specific cases; Colombia, Egypt and Turkey to uncover if income inequality present in those emerging markets is attributed to; the policy reforms conditionality or to pre-existent country features. The three main pillars of policy conditions discussed in this thesis are 1. Government Expenditure Reforms, 2. External Sector Reforms, and 3. Financial Sector Reforms. My hypothesis is that, although pre-existent country features may have had an impact on the levels of inequality a populace faces, the …

The Health Effects Of Anthropogenic Pm2.5 Emissions, Andrew Charles Meyer

Honors Theses and Capstones

This study analyzes the health impacts of particulate matter 2.5 (PM2.5), a common anthropogenic pollutant resulting from vehicles, manufacturing, and wood burning. PM2.5 is an emission of particular concern given its small size of roughly 2.5 micrometers, allowing it to stay in the atmosphere for up to 10 days and penetrate the deepest area of the lungs, the alveoli. This penetration can lead to adverse respiratory and cardiovascular health outcomes, and ultimately lead to an increased mortality rate. This study utilizes data from 1,885 counties in the U.S. between 2001 and 2017, and included health outcome, PM2.5 , and demographic …

The Leveling Spirit: Violence And Inequality In Postwar Iraq, Griffin Perrault

Honors Theses

The Iraq War (2003–2011) constitutes by some estimates one of the deadliest and most destructive conflicts of the 21st century (Hagopian et al., 2013). In addition to the disputed figures of excess violent civilian casualties––generally ranging from 180,000 to 210,000 deaths––the war has created one of the major refugee crises of modern times, with 1 in 25 Iraqis estimated to have been displaced from their homes by the 2003 invasion (Costs of War, 2021). While much of this violence has been wrought by American and Iraqi coalition troops, violence against civilians has also been perpetuated by insurgent groups and paramilitary …

Exploring The Generational Evolution Of Black-White Wage Inequality Across Geographic Regions Of The United States, Rachel Scharff-Hansen

CMC Senior Theses

Wages of black men trail those of their white counterparts despite decades of generational socio-political change. This paper examines the extent to which the black-white wage gap has evolved from individuals born in the Baby Boomer (births between 1956 and 1964) to the Millennial (births between 1977 and 1995) generation, an era assumed to reflect great shifts in anti-racist sentiments and opportunities in the late 20^th century. Despite presumed progressive attitudes developed in this time period, I find that the black-white wage differential of the labor market in its whole has worsened from black earnings lagging 28.1% behind white …

Investigating The Impacts Of Monetary Policy On Income Inequality In Developed Nations: Case Study Of The Euro Area, Japan And The United States, Hector Martinez Garcia

Masters Theses

This paper tries to evaluate the effect that unconventional monetary policy has had on income inequality for the set of Eurozone countries, the United States and Japan using an unbalanced panel data model over the period from 1980 to 2021, first jointly and then individually, using different regressions for each case. Based on the regression model analyzed, the study attempts to analyze the relationship between money supply and income inequality as measured by the Gini index using fixed effects and random effects for our panel data model. The study reveals the importance of the money supply variable in reducing inequality …

The Measuring Of Assortativeness In Marriage, Pierre-André Chiappori, Monica Costa-Dias, Costas Meghir

Cowles Foundation Discussion Papers

Measuring the extent to which assortative matching
differs between two economies is challenging when the marginal distributions of the characteristic along which sorting takes place (e.g. education) also changes for either or both sexes. Drawing from the statistics literature we define simple conditions that any index has to satisfy to provide a measure of change in sorting that is not distorted by changes in the marginal distributions of the characteristic. While our characterisation of indices of assortativeness is not complete, and hence cannot exclude the possibility of multiple indices providing contradictory results, in an empirical application to US data we …

Investment Patterns In Mountain West States, Counties, And Nevada Cities 2005-2019, Peter Grema, Zachary Walusek, Katie M. Gilbertson, William E. Brown Jr.

Economic Development & Workforce

The purpose of this fact sheet is to summarize findings on capital flows across Mountain West states and counties, and within Nevada cities. The “Gauging Investment Patterns across the US” report by the Urban Institute present findings of overall volume of capital deployed, racial equity of investments, and income equity for each respective geographic area. The full report further breaks down these three main categories into 18 other metrics.

Beware The Gini Index! A New Inequality Measure, Sabiou M. Inoua

ESI Working Papers

The Gini index underestimates inequality for heavy-tailed distributions: for example, a Pareto distribution with exponent 1.5 (which has infinite variance) has the same Gini index as any exponential distribution (a mere 0.5). This is because the Gini index is relatively robust to extreme observations; while a statistic’s robustness to extremes is desirable for data potentially distorted by outliers, it is misleading for heavy-tailed distributions, which inherently exhibit extremes. We propose an alternative inequality index: the variance normalized by the second moment. This ratio is more stable (hence more reliable) for large samples from an infinite-variance distribution than the Gini index …

Challenges To Social Mobility In Singapore, Kong Weng Ho, Marcus Kheng Tat Tan

Research Collection School Of Economics

Singapore had achieved impressive economic growth together with a high level of upward mobility since her independence in 1965. However, the growth process might have become more uneven, in addition to diminishing growth for a matured economy like Singapore, which is also a highly open city state subject to competitive forces from other economies. Singapore has fared well recently,
evident from the 2020 social mobility findings reported by the World Economic Forum and the decline in Gini coefficients for the past decade. We discuss the education system in Singapore and the recently formed National Jobs Council, both important institutions for …

Institutions, State Capacity, And Intra-State Conflict: Evidence From A Decade-Long Civil War In Nepal, Nishant Yonzan

Dissertations, Theses, and Capstone Projects

First, while mass armed civil conflicts predominantly occur in weak states, which are states that lack state capacity, it is unclear why not all weak states experience mass armed civil conflict. Second, political stability and highly unequal distribution of resources are opposing forces that are unlikely to coexist together. However, highly unequal societies have existed with relative stability. Indeed, cross-country literature on civil war finds little relationship between conflict and unequal distribution of resources. This dissertation attempts to address these issues using the Civil War in Nepal which lasted from 1996 to 2006.

Institutions are fundamental for the proper functioning …

Anything For A Cheerio: Brown Capuchins (Sapajus [Cebus] Apella) Consistently Coordinate In An Assurance Game For Unequal Payoffs, Lauren M. Robinson, Mayte Martínez, Kelly L. Leverett, Mattea S. Rossettie, Bart J. Wilson, Sarah F. Brosnan

ESI Publications

Unequal outcomes disrupt cooperation in some situations, but this has not been tested in the context of coordination in economic games. To explore this, we tested brown capuchins (Sapajus [Cebus] apella) on a manual version of the Stag Hunt (or Assurance) Game, in which individuals sequentially chose between two options, Stag or Hare, and were rewarded according to their choices and that of their partner. Typically, coordination on Stag results in an equal highest payout, whereas coordinating on Hare results in a guaranteed equal but lower payoff and uncoordinated play results in the lowest payoff when playing …

Essays On Universal Basic Income, Nana Mukbaniani

Dissertations, Theses, and Capstone Projects

Universal Basic Income (UBI) is a program in which individuals receive a regular sum of money, usually from the government. The transfer amount is thought to be unconditional of income and enough to cover all subsistence needs. Such a system is easy and cheap to administer because the government does not need to check the eligibility of each applicant. UBI programs are growing as more cities, states and countries (Stockton, California, Newark, New Jersey, Ontario, Canada, Kenya, Finland, Germany, Spain, China, etc) implement experiments of such programs. The idea of a UBI is gaining ground in the U.S.. One of …

(Wp 2021-04) John Tomer's Reconceptualization Of The Concept Of Human Capital, John B. Davis

Economics Working Papers

This chapter examines John Tomer’s contributions to our understanding of the concept of human capital. Tomer criticized the standard mainstream view of the concept as narrowly focused on education and training and as seeing investments in human capital as having “an individual, cognitive, and machine-like nature.” A broader concept included attention to the people’s noncognitive development, and employed both social capital and personal capital concepts. This produces a more expansive view of human development, allows for a humanistic psychological perspective, and supports a multi-dimensional, Maslovian understanding of the hierarchy of human needs. Tomer framed his policy thinking regarding investments in …

Analyzing And Decomposing South African Income Inequality By Income Source, Race, And Poverty Level For 2008 And 2014, Zia Saylor

Undergraduate Economic Review

In South Africa’s apartheid regime a white minority controlled the black African majority from 1948 until 1994, creating income and wealth inequalities between the different races that linger today. This paper uses data from the 2008 and 2014 National Income Dynamics Survey (NIDS) to understand income inequalities within and between racial categories, to examine how different income sources contribute to overall income inequality, and to study how the interaction between race and poverty shapes the inequality between African households when decomposing into subgroups above and below the poverty line. For this study, I use Gini coefficients to measure inequality. My …

Human Development And Inequality - Panel Discussion Ii With Undp Pakistan, Undp Pakistan

CBER Conference

In collaboration with the UNDP Pakistan, a panel discussion on “Sustainable Development: Inequality and Inclusive Growth” took place amongst Mr. Knut Ostby, Resident Representative, UNDP Pakistan, Dr. S Akbar Zaidi, Executive Director, IBA, Dr. Sania Nishtar, Special Assistant to the Prime Minister (SAPM) on Poverty Alleviation and Social Safety, and Dr. Waqar Masood, SAPM on Revenue. The session was moderated by Asim Sajjad Akhtar. Mr. Knut Ostby said, “As one of the first countries to pledge its commitment to the 2030 Agenda on the SDGs, Pakistan understands the simple truth that equality is the cornerstone of sustainable development”. Mr. Ostby …

Human Capital And Black-White Earnings Gaps, 1996–2017, Owen Thompson

Upjohn Institute Working Papers

This paper estimates the contribution of human capital to the Black-white earnings gap in three separate samples of men spanning from 1966 through 2017, using both educational attainment and performance on standardized tests to measure human capital. There are three main findings. First, the magnitude of reductions in the Black-white earnings gap that occur after controlling for human capital has become much larger over time, suggesting a growing contribution of human capital to Black-white earnings disparities. Second, these increases are almost entirely due to growth in the returns to human capital, which magnify the impact of any racial differences in …

Labor Market Monopsony And Wage Inequality: Evidence From Online Labor Market Vacancies, Samuel I. Thorpe

Undergraduate Economic Review

This paper estimates the effects of employer labor market power on wage inequality in the United States. I find that inequality as measured by interdecile range is 23.7% higher in perfectly monopsonistic labor markets than in perfectly competitive markets, even when controlling for commuting zone and occupation fixed effects. I also decompose these results into 50/10 and 90/50 ratios, finding much larger impacts on inequality among low earners. These results suggest that monopsony power has significant and policy-relevant impacts on wage inequality, and particularly harms the lowest earning subsets of the labor force.

Employee Ownership And Moral Hazard: How Broad-Based Equity Sharing Can Lower Agency Costs And Reduce Inequality, Colin Clinton Hudson

Electronic Theses and Dissertations

Providing incentives to top managers by offering equity has become the norm; this practice, however, does not hold for all levels of employees. After tax incentives for employee ownership were introduced through the Employee Retirement Income Security Act of 1974, there has been little legislative support to encourage companies to implement broad-based equity sharing programs. Moreover, decades of neoliberal policies have incentivized the pursuit of short-term profits and speculation, which contribute to economic instability and explain the growing gap between productivity and real wages observed since the late 1970s. Developments in the literature contend that employee ownership aligns the goals …

The Effects Of Higher Education On Socioeconomic Mobility: A Comparative Analysis Of Outcomes At Bucknell University, Katrien Weemaes

Honors Theses

Income inequality and the lack of higher-education opportunities across the United States often correlate with families' socioeconomic status. In this honors thesis, the following questions will be examined: How does the social mobility of Bucknell Students compare with students from other national universities? How do a student’s race and financial aid status affect their ability to achieve social mobility? How has the rate of social mobility through Bucknell changed in recent years? How does a student’s current family socioeconomic status affect their ability to achieve high-income success upon graduation? Does the level of accessibility to Bucknell change when socioeconomic status …

The Socioeconomic Impact And Allocative Discrepancies Of Fema Disaster Declarations And Aid, Emma Ranheim

CMC Senior Theses

In my thesis I examine the impact of natural disaster declarations on socioeconomic outcomes. I use counties that requested, but did not receive, a natural disaster declaration as controls for treatment counties that received the requested declaration. I construct a county-by-year panel dataset covering 2005 to 2016. I estimate a difference-in-differences model to estimate socioeconomic outcomes resulting from the disaster declaration decision. I find that receiving a declaration was associated with a 0.8 percentage point poverty reduction in 2010, but no other years or changes in socioeconomic outcomes were causally and significantly established by my model.

Winning The War On Poverty: Tracking Living Standards In The Philippines Using A Class Of Axiomatic Indices, John Paolo R. Rivera

DLSU Business & Economics Review

Poverty has persistently badgered the Philippines and alleviating it has been the fundamental thrust of government. However, this was hampered by the recent pandemic resulting in economic contraction plunging many Filipino households into poverty and widening inequality. Bootstrapping the economy is needed to fast-track recovery through resumption of innovative reforms vital to pursue a higher growth path that will accelerate poverty reduction. To do this, it is necessary to understand where the Philippines stands, using household data. Without updated measures and well-informed national and regional profiles on living standards, poverty reduction is bleak, as programs to facilitate it remain to …