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Full-Text Articles in Economics

Veterans As Emerging Entrepreneurs – November 2020, Marilyn Young Nov 2020

Veterans As Emerging Entrepreneurs – November 2020, Marilyn Young

Hibbs Newsletter

On this Veterans Day, while we thank those who have served our country, I am happy to present the results of the 2020 Veteran Entrepreneurship Survey. Veterans and veteran-owned businesses are important factors in the economic development in our 23-county East Texas region. This region has a veteran population of 96,232,1 which is 11.1% of this region’s population (age 18 and over). The number of veteran owned businesses in this region is 9,060, which represents 10.5% of the region's total firms (86,673).

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Health Have, Health Have Nots In A Time Of Covid-19, Sandro Galea Nov 2020

Health Have, Health Have Nots In A Time Of Covid-19, Sandro Galea

Center for Policy Research

In this brief, my goal is to talk about something which has animated a lot of my thinking and writing in the past decade. It is how our health is fundamentally socially patterned and reflects the world around us. This has been true for decades in this country, and one could also argue, globally, however this brief will focus on this topic at the national level. As you will see, I will talk mostly of health haves and health have nots in general, but as we progress, show how COVID-19 has made this evermore apparent.

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The Effects Of Vietnam-Era Military Service On The Long-Term Health Of Veterans: A Bounds Analysis, Xintong Wang, Carloa A. Flores, Alfonso Flores-Lagunes Nov 2020

The Effects Of Vietnam-Era Military Service On The Long-Term Health Of Veterans: A Bounds Analysis, Xintong Wang, Carloa A. Flores, Alfonso Flores-Lagunes

Center for Policy Research

We analyze the short- and long-term effects of the U.S. Vietnam-era military service on veterans’ health outcomes using a restricted version of the National Health Interview Survey 1974-2013 and employing the draft lotteries as an instrumental variable (IV). We start by assessing whether the draft lotteries, which have been used as an IV in prior literature, satisfy the exclusion restriction by placing bounds on its net or direct effect on the health outcomes of draft avoiders. Since we do not find evidence against the validity of the IV, we assume its validity in conducting inference on the health effects of …

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The Impact Of Foreign Direct Investment On The Ecological Footprints Of Nations, Nadia Doytch Nov 2020

The Impact Of Foreign Direct Investment On The Ecological Footprints Of Nations, Nadia Doytch

Ateneo School of Government Publications

We study the effects of foreign direct investment (FDI) on the rate of exhaustion of bioproductive physical land. We test for differential ecological performance of FDI in developed vs. developing countries, as well as in “clean” vs. “dirty” sectors. We examine the impact of six sector-level FDI flows on four ecological footprints (EF): Consumption EF, Production EF, Imports EF, and Exports EF, compiled by the Global Footprint Network. We estimate a dynamic panel model incorporating an Environmental Kuznets Curve (EKC) and differentiating across country development levels. The findings are intriguing. First, High Income countries tend to …

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Table Of Contents, Mssj Staff Nov 2020

Table Of Contents, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

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A Comparison Of Self-Control Measures And Drug And Alcohol Use Among College Students, Brooke E. Mathna, Jennifer J. Roberts, Marthinus C. Koen Nov 2020

A Comparison Of Self-Control Measures And Drug And Alcohol Use Among College Students, Brooke E. Mathna, Jennifer J. Roberts, Marthinus C. Koen

Midwest Social Sciences Journal

Research has shown a link between drug and alcohol behaviors and self-control; however, much of the research focuses on only the general theory of crime (Gottfredson and Hirschi 1990), without regard to Hirschi’s (2004) self-control theory. The purpose of the current study is to examine three measures of Hirschi’s self-control theory and to understand the link between Hirschi’s self-control theory and drug and alcohol behaviors. This study draws from a sample of undergraduate college students (N = 640) to examine the role of Hirschi’s self-control in the explanation of drug and alcohol behaviors. The current study uses a previous measure …

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Diabetes Care In An Urban Indigenous American Community: Challenges And Suggestions For The Future, Margaret Pollak Nov 2020

Diabetes Care In An Urban Indigenous American Community: Challenges And Suggestions For The Future, Margaret Pollak

Midwest Social Sciences Journal

Indigenous Americans living with type 2 diabetes in urban areas like Chicago face significant challenges to meeting the care recommendations of their medical providers. Based upon mixed-methods research, including both qualitative and quantitative measures, in Chicago’s Indigenous community, I have found that diabetes-care and -prevention challenges faced by individuals in this community include (1) the high financial and time costs of care, (2) lack of recognition of or response to acute symptoms of high glucose levels, (3) prioritization of other life responsibilities, (4) distrust of western medicine, and (5) fatalistic views about diabetes development and prognosis. If we are to …

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Michael Lewis’S The Undoing Project: A Friendship That Changed Our Minds, David Mcclough Nov 2020

Michael Lewis’S The Undoing Project: A Friendship That Changed Our Minds, David Mcclough

Midwest Social Sciences Journal

The Undoing Project examines the relationship between two psychologists, Amos Tversky and Daniel Kahneman, whose work altered how we understand the functioning of the mind. In this book, Lewis embarks on a journey to understand and explain psychological research to a popular audience. Lewis is an expert writer who knows what sells books. The Undoing Project is an informative, entertaining, and quick read. Lewis has produced a well-researched book that is accessible to a broad audience.

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Volume 23, Full Contents, Mssj Staff Nov 2020

Volume 23, Full Contents, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

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Senior Editor's Note, Kenneth D. Colburn Jr. Nov 2020

Senior Editor's Note, Kenneth D. Colburn Jr.

Midwest Social Sciences Journal

No abstract provided.

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Statement From The Indiana Academy Of The Social Sciences And Board Of Directors, Mssj Staff Nov 2020

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

Midwest Social Sciences Journal

No abstract provided.

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Political Corruption And Mergers And Acquisitions, Nam H. Nguyen, Hieu V. Phan, Thuy Simpson Nov 2020

Political Corruption And Mergers And Acquisitions, Nam H. Nguyen, Hieu V. Phan, Thuy Simpson

School of Economics and Finance Faculty Publications

This research examines the relation between political corruption and mergers and acquisitions (M&As). We find that local corruption increases firm acquisitiveness but decreases firm targetiveness. The levels of corruption in acquirer areas relate positively to the bid premiums and negatively to the likelihood of deal completion. Corruption motivates acquiring firms to use excess cash for payment, which mitigates the negative effect of corruption on acquirer shareholder value. The evidence indicates that acquisitions help acquiring firms convert cash into hard-to-extract assets and relocate assets from the high to low corruption areas, thereby shielding their liquid assets from expropriation by local officials.

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The Dorian Gray Phenomenon In Financial Markets, Ajay Makhija Nov 2020

The Dorian Gray Phenomenon In Financial Markets, Ajay Makhija

Asian Management Insights

Looking at the current state of the global economy and the extent of financial market hedonism through the lens of Oscar Wilde’s “The Picture of Dorian Gray”.

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Borderplex Business Barometer, Volume 4, Number 11, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana Nov 2020

Borderplex Business Barometer, Volume 4, Number 11, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.

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Growth Forecast Revisions Over Business Cycles: Evidence From The Survey Of Professional Forecasters, Sungjun Huh, Insu Kim Nov 2020

Growth Forecast Revisions Over Business Cycles: Evidence From The Survey Of Professional Forecasters, Sungjun Huh, Insu Kim

Economics Faculty Research and Publications

This paper studies how expectations regarding current and future output growth are revised as the state of the economy evolves. We study this issue using GDP growth forecasts from the Survey of Professional Forecasters. We find an asymmetric relationship between forecast revisions and GDP growth. Forecasters make larger forecast revisions during contractions than during expansions when the deviation of the economy from its normal state is controlled for.

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Scholarly Pursuits: Nationally Recognized Health Expert Tony Losasso Returns To Depaul Nov 2020

Scholarly Pursuits: Nationally Recognized Health Expert Tony Losasso Returns To Depaul

Business Exchange

DePaul business school alumnus Tony LoSasso returned to his alma mater to launch a DePaul MBA concentration in health care markets and analytics. He is nationally recognized expert in health economics, LoSasso teaches graduate and undergraduate health economics courses. His award-winning research spans several dimensions of health and labor economics, health policy and health services.

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Data For "An Experimental Investigation Of Health Insurance Policy And Behavior", J. Dustin Tracy, Hillard Kaplan, Kevin James, Stephen Rassenti Nov 2020

Data For "An Experimental Investigation Of Health Insurance Policy And Behavior", J. Dustin Tracy, Hillard Kaplan, Kevin James, Stephen Rassenti

ESI Data Sets

We introduce a new experimental approach to measuring the effects of health insurance policy alternatives on behavior and health outcomes over the life course. Cash-motivated subjects are placed in a virtual environment where they earn income and allocate it across multi-period lives. We compare behavior across age, income and insurance plans---one priced according to an individual's expected cost and the other uniformly priced through employer-implemented cost sharing. We find that 1) subjects in the employer-implemented plan purchased insurance at higher rates; 2) the employer-based plan reduced differences due to income and age; 3) subjects in the actuarial plan engaged in …

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Documenting Current Practices Of Accommodating Linguistic Needs Of Deaf Defendants, Beau Shine Nov 2020

Documenting Current Practices Of Accommodating Linguistic Needs Of Deaf Defendants, Beau Shine

Midwest Social Sciences Journal

Deaf defendants are an underexamined population in criminal justice research, and very few studies have examined their involvement in the criminal justice system. In addition, research on accommodating the linguistic needs of deaf defendants is sparse. Failure to accommodate the linguistic needs of deaf defendants presents several concerns, including disparate treatment and violations of ADA-guaranteed rights that may lead to inadmissible evidence, dismissals of cases, and not-guilty verdicts, as well as lawsuits and litigation, all of which create additional strain on an already overburdened system. The current study combines previous research on deaf defendants with the findings of data gathered …

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100 Years After Suffrage: Just How Far Have Women Come?, Laura Merrifield Wilson Nov 2020

100 Years After Suffrage: Just How Far Have Women Come?, Laura Merrifield Wilson

Midwest Social Sciences Journal

Women earned the right to vote 100 years ago with the ratification of the 19th Amendment, effectively ending the suffrage movement that had transpired over generations. Their hard-won victory doubled the American electorate and provided women with an essential right of citizenship of which they had long been deprived. Not all women were welcomed at the polling place, though, and the exclusion of women of color, particularly in the Jim Crow South, revealed yet another barrier to eventually be struck down. In the 100 years since women earned their right to vote, they have begun “outvoting” their male counterparts and …

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Elfrieda Lang: The Difficult Career Path Of A German American Female Indiana Historian, Bruce Bigelow Nov 2020

Elfrieda Lang: The Difficult Career Path Of A German American Female Indiana Historian, Bruce Bigelow

Midwest Social Sciences Journal

Despite not going to high school, a German American woman became a major published history scholar, an assistant editor of the state history journal, and curator of special collections at a prestigious library in an era of patriarchy in the American history profession.

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A Terror To The People: The Evolution Of An Outlaw Gang In The Lower Midwest, Randy Mills Nov 2020

A Terror To The People: The Evolution Of An Outlaw Gang In The Lower Midwest, Randy Mills

Midwest Social Sciences Journal

The details of the heretofore unexamined Reeves Gang may serve as an important case study of violence and lawlessness in the Lower Midwest in the decades following the Civil War. Unlike the “social bandits” such as the Jesse James and Dalton Gangs of the Middle Border region, most outlaw gangs made little attempt to get along with locals. These groups ruled by fear and typically fell afoul of vigilante hangings and shootings— a one-act play, if you will. The Reeves Gang, the focus of this study, would come to be atypical, their tale turning into a three-act play, moving from …

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Colonizationism Versus Abolitionism In The Antebellum North: The Anti-Slavery Society Of Hanover College And Indiana Theological Seminary (1836) Versus The Hanover College Officers, Board Of Trustees, And Faculty, J Michael Raley Nov 2020

Colonizationism Versus Abolitionism In The Antebellum North: The Anti-Slavery Society Of Hanover College And Indiana Theological Seminary (1836) Versus The Hanover College Officers, Board Of Trustees, And Faculty, J Michael Raley

Midwest Social Sciences Journal

In March 1836, nine Hanover College and Indiana Theological Seminary students, almost certainly including Benjamin Franklin Templeton, a former slave enrolled in the seminary, formed an antislavery society. The society’s Preamble and Constitution set forth abolitionist ideals demanding an immediate emancipation of Southern slaves with rights of citizenship and “without expatriation.” Thus they encountered the ire of Hanover’s Presbyterian trustees—colonizationists who believed instead that free blacks and educated slaves, gradually and voluntarily emancipated by their owners, should leave the United States and relocate to Liberia, where they would experience greater opportunity, equality, and justice than was possible here in the …

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Gentrification And Racial Transformation In One Neighborhood In The City Of Cincinnati During The Great Recession, Evelyn D. Ravuri Nov 2020

Gentrification And Racial Transformation In One Neighborhood In The City Of Cincinnati During The Great Recession, Evelyn D. Ravuri

Midwest Social Sciences Journal

This article examines the process of gentrification and racial transition in one neighborhood in Cincinnati between 2000 and 2016. Madisonville (Tract 55) was defined as a racially integrated middle-class neighborhood in the 1970s. In the early 2000s, substantial private and public investments in the neighborhood initiated the process of gentrification and an in-migration of wealthier (mostly white) residents. This revitalization of Madisonville coincided with the Great Recession of 2008 and with a massive exodus of the middle-class African American population. Median housing values and median rent in Madisonville increased significantly between 2010 and 2016, indicating that cost of living had …

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Authors' Biographical Notes, Mssj Staff Nov 2020

Authors' Biographical Notes, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

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Reviewers And Referees, Mssj Staff Nov 2020

Reviewers And Referees, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

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Financial Socialization: A Decade In Review, Ashley B. Lebaron, Heather H. Kelly Nov 2020

Financial Socialization: A Decade In Review, Ashley B. Lebaron, Heather H. Kelly

Faculty Publications

The financial socialization individuals receive is associated not only with their future financial wellbeing but also relational, mental, and physical wellbeing. This paper is a review of the literature on financial socialization, especially papers published between 2010 and 2019 in the Journal of Family and Economic Issues. We first review family financial socialization theory and then review empirical documentation for the theory, organized by (a) family socialization processes (e.g., parent financial modeling, parent-child financial discussion, and experiential learning as three primary methods of financial socialization) and (b) financial socialization outcomes (e.g., financial attitudes, financial knowledge, financial behaviors, and financial wellbeing). …

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Mandarins Make Markets: Leadership Rotations And Inter-Provincial Trade In China, Junyan Jiang, Yuan Mei Nov 2020

Mandarins Make Markets: Leadership Rotations And Inter-Provincial Trade In China, Junyan Jiang, Yuan Mei

Research Collection School Of Economics

The careers of many public officials span multiple localities, yet the economic effects of their inter-regional movements are not well understood. This paper focuses on the rotation of provincial leaders in China and studies its impact on regional economic integration. Estimation results using the gravity framework indicate that when a provincial leader is appointed as the party secretary of a new province, the trade volume from the new province to the old province increases, but not vice versa. Additional analyses using two novel datasets that capture the intensity of inter-provincial socioeconomic activities in China corroborate this finding. We then construct …

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Can Retail Investors Learn From Insiders?, Ekkehart Boehmer, Bo Sang, Zhe Zhang Nov 2020

Can Retail Investors Learn From Insiders?, Ekkehart Boehmer, Bo Sang, Zhe Zhang

Research Collection Lee Kong Chian School Of Business

This paper examines the trading patterns of retail investors following insider trading and the corresponding price impact. Retail investors follow the opportunistic purchases by insiders, but not their routine purchases. Neither investor attention nor common information such as earnings announcements or analysts forecast re- visions explains the results. They keep following insider purchases in subsequent four quarters. Moreover, for stocks with opportunistic insider purchases, those that retail investors bought yield higher cumulative abnormal returns than those that retail investors sold. The effect is mostly driven by the information compo- nent of the retail trades, rather than liquidity provision or temporary …

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The Revealed Preference Theory Of Stable Matchings With One-Sided Preferences, Gaoji Hu, Jiangtao Li, Rui Tang Nov 2020

The Revealed Preference Theory Of Stable Matchings With One-Sided Preferences, Gaoji Hu, Jiangtao Li, Rui Tang

Research Collection School Of Economics

We investigate the testable implications of the theory of stable matchings in two-sided matching markets with one-sided preferences. Our main result connects the revealed preference analysis to the well-known lattice structure of the set of stable matchings, and tests the rationalizability of a data set by analyzing the joins and meets of matchings.

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Uniform Nonparametric Inference For Time Series, Jia Li, Zhipeng Liao Nov 2020

Uniform Nonparametric Inference For Time Series, Jia Li, Zhipeng Liao

Research Collection School Of Economics

This paper provides the first result for the uniform inference based on nonparametric series estimators in a general time-series setting. We develop a strong approximation theory for sample averages of mixingales with dimensions growing with the sample size. We use this result to justify the asymptotic validity of a uniform confidence band for series estimators and show that it can also be used to conduct nonparametric specification test for conditional moment restrictions. New results on the validity of heteroskedasticity and autocorrelation consistent (HAC) estimators with increasing dimension are established for making feasible inference. An empirical application on the unemployment volatility …

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