Economics Commons^™

Financial Vs Psychological Wellbeing Of Generations X, Y, And Z Consumers In Poland, Mirosława Kaczmarek

Journal of Banking and Financial Economics

Empirical research confirms that the financial behaviour of consumers differs from generation to generation – in terms of saving, spending money and also the use of credit. The main objective of this article is to determine the level of financial wellbeing and the relation between psychological wellbeing and financial wellbeing across three consumer age cohorts – generations X, Y and Z in Poland. To achieve this, a CAWI survey was conducted using the Consumer Financial Protection Bureau scale and the Ryff’s Psychological Wellbeing Scale. The results of the F-test show that although generational belonging does not statistically significantly differentiate financial …

Digital-Only Banks – Retail Banks For Retail Customers Only?, Katarzyna Schmidt-Jessa, Maciej Stradomski

Journal of Banking and Financial Economics

This paper explores how traditional banks perceive digital-only banks and the potential impact of digital-only banks on the retail segment of the banking sector. To obtain the main goal, we conducted in-depth semi-structured interviews with managers and directors representing different traditional banks with profound insight into the bank digitalisation process. The results indicate that, for traditional banks, the development of digital-only banks does not pose a threat or challenge that can significantly undermine their business. A high level of user experience, innovativeness, and lack of obsolete processes and technologies are the main advantages of digital-only banks that attract retail customers. …

Entire Volume Journal Of Banking And Financial Economics 2025, 2(24)

Journal of Banking and Financial Economics

Entire Volume Journal of Banking and Financial Economics 2025, 2(24)

Exploring The Potential Use Of Health-State Indexes To Improve Estimates Of Health Benefits Of Environmental Regulation, Madison G. Drewry

Honors Undergraduate Theses

This study explores a novel method to calculate the willingness to pay (WTP) for individuals of the general population to reduce the risk of having an illness. The purpose of the study is to observe the implications of the possibility to produce more accurate value of a statistical case (VSC) estimates for usage in regulatory agencies and environmental economics within benefit cost analyses (BCA). By joining aspects from both BCA and cost effectiveness analysis (CEA), such as the health-related quality of life (HRQL), and the value of a statistical life (VSL), this research aims to provide a more precise framework …

Intergenerational Welfare Assessments, Sergi Barcons, Eduardo Dávila, Andreas Schaab

Cowles Foundation Discussion Papers

This paper studies welfare assessments in economies with rich demographic structures. First, we show that perpetual consumption is the only unit that enables interpersonal comparisons in demographically disconnected economies, in which there is no date in which all individuals are concurrently alive. Second, we show that there exist feasible perturbations of Pareto efficient allocations in demographically disconnected economies that feature positive Kaldor-Hicks efficiency gains. Third, we show how welfare gains from reallocating consumption can be separately attributed to an incomplete markets and a demographic component. We use our results to derive new insights in three workhorse intergenerational models: i) Samuelson …

Pengaruh Bencana Alam Terhadap Pdrb Provinsi Di Indonesia: Pendekatan Model Pertumbuhan Solow-Swan, Nur Janah Wariyanti, Dwi Rahmayani

Jurnal Ekonomi dan Pembangunan Indonesia

Natural disasters are a problem for a country’s economy. This research aims to analyze the influence of natural disasters, Gross Fixed Capital Formation (GFCF), Human Development Index (HDI), and Labor Force Participation Rate (LFPR) on the Gross Regional Domestic Product (GRDP) of 31 Provinces in Indonesia from 2011 to 2023. Research method uses panel data regression with Fixed Effect Model estimation. The results of this research show that GFCF and HDI can increase value GRDP in Indonesia. LFPR does not have a significant effect in a positive direction on GRDP in Indonesia and natural disasters do not have a significant …

Mengurai Dimensi Kemiskinan Di Riau: Pendekatan Multidimensional Dan Dampaknya Pada Pembangunan, Any Widayatsari, Harlen Harlen, Desi Damaiyanti, Misdawita Misdawita

Jurnal Ekonomi dan Pembangunan Indonesia

Poverty issues have always been in the world spotlight. Monetary poverty measurements are considered only to be able to capture a small part of the various poverty issues, so measurements involving multidimensions are needed. This study attempts to measure poverty based on multiple levels of deprivation experienced by people in Riau Province. This study uses aspects of health, education, and standard of living. The results of the study show that all indicators simultaneously have a significant impact on monetary poverty. These indicators are calorie and protein consumption, length of schooling, school sustainability, and housing-related indicators. In addition, differences were also …

Studi Komparasi Kesiapan Indonesia Menerapkan Carbon Trade 2025, Muhammad Rayhan Ali Ferdiansyah, Hanif Rosyadah, Fikri Fajar Ramadhan

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to assess Indonesia’s readiness to implement carbon trading in 2025 to achieve net zero emissions by 2060. The research uses a mixed-method approach, combining literature review, multivariate linear regression, and Vector Error Correction Model (VECM). The results indicate that the Human Development Index (HDI) has a negative and significant impact on CO2 emissions in the long term. This impact is greater than the results observed in Singapore and Thailand. With established policies and a demographic bonus in 2045, optimizing human resources is crucial for achieving net zero emissions by 2060.

Pemetaan Sektor Potensial Penunjang Investasi Di Kota Surabaya Berbasis Analisis Spasial, Jelita Jelita, Nurjannah Rahayu Kistanti

Jurnal Ekonomi dan Pembangunan Indonesia

Investment is one of the main pillars in encouraging economic growth in a region. The city of Surabaya, as one of the second largest cities in Indonesia, is an attractive investment destination for many investors. This research aims to map investment potential in the Surabaya City area to support regional economic development by directing investment opportunities in Surabaya City areas with high growth prospects. This research method uses 3 analytical methods to model the spatial pattern of investment in the city of Surabaya, namely the Entropy Weight Method (EWM), Moran’s I and Regional classification. Results show significant variation, with some …

Borderplex Business Barometer, Volume 9, Number 1, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Bed Allocation Model For Infection Control During A Pandemic, Rosemary R. Seva, Dennis E. Cruz, Lourdes Marie Tejero

DLSU Business & Economics Review

This study proposes a model of allocating beds in a hospital considering infection control during a pandemic. The problem was formulated using the quadratic assignment problem (QAP) in a multi-period planning horizon. The main objective is to

minimize the spread of infection by maximizing the total distance (TD) between areas assigned to the pandemic and non- pandemic patients. Model validation using GAMS showed that the assignment of patient groups to areas is determined by

the arrival rates of patients and the area’s capacity. The model was able to identify periods when the sharing of space was more advantageous. The model’s …

The Follower Fallacy: Revisiting Engagement Hypothesis By Evidencing Nonlinear Dynamics In Influencer Marketing, Pranjal Jain, Pooja Jain, Anju Jain

DLSU Business & Economics Review

The traditional premise posits a positive correlation between influencer following (indegree) and engagement metrics, covering likes, shares, comments, and so forth. This study aims to either affirm or dent this engagement hypothesis. Through a methodical analysis of engagement data, this research recognizes potential deviations from the anticipated linear trajectory. Contrary to antecedental social influence, campaign customization, indegree composition, and post components define diverse nonlinear trajectories, empirically challenging the existing research assumptions underlying hypothesis. By evidencing the multifaceted dynamics of influencer engagement, this study offers critical insights for marketers navigating the complexities of contemporary digital marketing landscapes, facilitating the optimization of …

The Rise Of China: Economic Expansion, Military Modification And The Belt And Road Initiative, Felix Padilla

Dissertations and Theses

In order to analyze China’s rise in power, we have to examine how China has achieved this growth. We need to observe their domestic reforms, international initiatives like the Belt and Road Initiative (BRI), and strategic military advancements. This thesis focuses on China’s economic integration, market reforms and military modernization. The thesis uncovers the effects of this rise on global governance and power balances, especially in trade, security, and geopolitics. I analyze China's vision of a multipolar world and how it contrasts with the current global order and how this fuels rivalry with the U.S. and other powers. China's rise …

Determinants Of Remote Suitability Of Jobs And Residential Distance From The Workplace After The Covid-19 Pandemic, Abizer Mamnoon

CMC Senior Theses

Immediately before the COVID-19 pandemic, workers performed 14% of their paid hours from home, but this figure increased to 38% after the pandemic (Chen et al. 2023). This thesis contributes to our understanding of the determinants of remote work and the factors affecting how far an individual lives from the workplace in the post-pandemic period.

I use 1.95 million observations of worker-specific LinkedIn data from August 2023. I construct a measure of remote suitability using Dingel and Neiman’s (2020) method to assign each job title a remote suitability score based on the associated occupation. I use a Tobit regression to …

Beginner's Luck: The Impact Of Early Wins On Long-Term Gambling Patterns, Jasmine Tan

CMC Senior Theses

The legalization of online sports gambling has rapidly expanded access to gambling platforms, raising concerns about its potential impacts on gambling behavior and addiction. This study investigates whether early wins in online sports gambling predict sustained gambling engagement. Using longitudinal data from 46,339 subscribers to online gambling site bwin Entertainment, we analyzed the gambling activity of new sports bettors over 18 months. Gamblers were categorized based on early outcomes (losses, break-even, small wins, and big wins), and engagement was measured by total bets placed, total gambling days, total stakes after the first three days, and frequency of play. Interaction terms …

Assessing The Impact Of Medicaid Expansion On The Labor Market, Healthcare Access, And Health Outcomes During The Covid-19 Pandemic, Kaavya Narayan

CMC Senior Theses

This thesis examines the impact of Medicaid expansion status on labor market outcomes, healthcare access, and health outcomes during COVID-19. Using data from the CDC’s Behavioral Risk Factor Surveillance System and a Difference-in-Differences (DiD) model, I estimate the effects of Medicaid expansion on unemployment, financial barriers to care, obesity, and poor health before and after the pandemic. The analysis also accounts for state-level political and demographic characteristics, gender, marital status, and education level. My results show that non-expansion states, relative to expansion states of similar political and demographic breakdowns, are significantly more disadvantaged in terms of obesity, poor health, financial …

Move Fast And Get Sued: Uber's Entry Strategy And The Role Of City Regulation, Leonora Willett

CMC Senior Theses

This paper investigates the impact of Uber's entry into U.S. cities on federal court case filings, particularly focusing on how this disruptive platform influenced litigation patterns and regulatory responses. My analysis seeks to understand whether Uber’s entry into cities significantly affected the frequency and types of legal cases filed, including personal injury, contract disputes, and labor claims. Using an event study model and federal court data from the Federal Judicial Center spanning 2009 to 2023, my analysis evaluates changes in case filings before and after Uber's entry. Additionally, I analyze the impact of city-level regulations in five major cities on …

The Legacy Of Housing Discrimination: Asthma Disparities In California Cities, Taylor Daetz

CMC Senior Theses

This thesis examines the effect of discriminatory housing policy on current asthma rates in California cities. This study uses boundary design and propensity score methodologies to analyze asthma-related emergency department visits in census tracts with corresponding appraisal grades from the Home Owners’ Loan Corporation maps. The results indicate significantly higher asthma burdens in grade D (redlined) census tracts compared to grade C tracts, even when controlling for present-day pollution concentrations, with historically redlined tracts experiencing an average of 26.88 additional emergency department visits per 10,000 residents. The analysis further reveals disparities between grade C and B neighborhoods, suggesting that even …

Abortion Access And The Economy: How The Dobbs V. Jackson Decision Impacted Female Economic Outcomes, Mia Kathleen Nelson

CMC Senior Theses

This thesis will aim to understand the economic impact of removing access to abortion by comparing economic outcomes in states that banned abortion with those that did not ban abortion following the Dobbs V. Jackson Supreme Court decision. By using data from the Consumer Population Survey, I created a model to estimate the impact of banning abortion on metrics such as unemployment rate and labor force participation rate. My model indicated that banning abortion in these states did have a statistically significant impact on female economic outcomes, indicating that banning abortion decreased female labor force participation rate and increased the …

Fiscal Zoning Under Fire: A Case Study Of Local Land Use Politics In California, George Ashford

CMC Senior Theses

This paper interprets interviews with participants in a local land use controversy to explore the role of voters’ financial incentives in shaping local land use politics. Drawing on previous studies that characterize the politics of urban and suburban housing development as driven by the economic incentives of different groups, predominantly homeowners’ incentive to increase residential property values, the paper seeks to address a key puzzle for scholars and reformers: why homeowners do not support land use policy changes that would increase their property values. While the literature has evolved from modeling restrictive zoning as an efficient pricing scheme for local …

Analysis Of Banking-As-A-Service Partnerships’ Effects On The Performance Of U.S. Community Banks, Jonathan Ke

CMC Senior Theses

Over the past decade, financial technology (fintech) has emerged as an innovation reshaping the financial services landscape. One particular fintech that recently caught the attention of consumers and regulators is Banking-as-a-Service (BaaS). BaaS is often a partnership wherein a fintech company provides banking services, such as digital payments or lending, using the infrastructure and license of a sponsor bank. The bank manages regulatory compliance and core banking operations, while fintech focuses on developing and delivering innovative services to customers. On the one hand, BaaS partnerships allow banks to expand their customer base and service offerings without investing in extensive technological …

National And Regional Bank Deposits And Their Relationship To The Stock Market, Joseph Zhong

CMC Senior Theses

Institutional investors started using bank deposits as a Leading Economic Indicator to predict stock market returns. I find that bank deposits lead stock market returns by 2 weeks at the national level. Examining the mechanism through which bank deposits affect stock market returns, existing literature postulates the Bank Deposit Lending Channel: increased bank deposits increase financial liquidity, powering and leading stock market returns. I do not find evidence for the Bank Deposit Lending Channel. In my regional analysis, I find that bank deposit behavior differs drastically between US regions. In general, regional bank deposits still lead stock market returns. In …

Unintended Consequences: Exploring The Nexus Between Us Foreign Aid, Governance, & Conflict Fatalities, Audrey Hope Donahue

CMC Senior Theses

This paper examines the impact of United States foreign aid on civil violence in recipient countries, specifically investigating the interaction between aid implementation channels—bilateral aid, implemented directly by recipient governments, vs. multilateral aid, implemented through Non-Governmental Organizations (NGOs) or other multilateral partners—and governance quality. Using a panel dataset covering 49 countries from 1996 to 2022, the study measures the effect of aid on violence through conflict-related fatalities normalized by population. A fixed-effects regression model is employed to control for country-specific and time-specific factors, revealing that in countries with poor governance, bilateral aid is associated with a reduction in conflict fatalities, …

What Factors Have Contributed To The Growth In The Unified Payments Interface In India?, Anahit Bindra

CMC Senior Theses

The Unified Payments Interface (UPI), introduced in 2016, has driven the rapid growth of cashless transactions and digital adoption in India. By 2023, India led global real-time payments, processing 129 billion transactions. Using data from the Reserve Bank of India across 30 states and union territories, this study examines the factors driving UPI’s growth. We analyze panel data from 2018 to 2021, incorporating variables related to financial literacy, infrastructure, economic indicators, and demographics. Employing an Ordinary Least Squares model, we regress the log of the volume of UPI transactions per 1,000 people on these determinants. Our findings reveal that UPI …

Exploring Unicorns Of India: What Are The Factors That Allow Them To Fly?, Tanisha Kejriwal

CMC Senior Theses

Over the past few decades, startups and entrepreneurial ventures have surged globally, with unicorns - private startups valued at over $1 billion - emerging as standout success stories. Today, India is home to the third largest number of unicorns in the world, and studying their success factors is becoming increasingly relevant. Using a novel dataset of 112 Indian unicorns, this paper studies economic, founder, regional and industrial factors influencing their valuation/revenue and valuation/profit ratios, in order to identify factors that lead to start-up success. I find that gender, age, total funding raised, and time taken to achieve unicorn status after …

From Pixels To Proposals: Exploring The Effects Of Empathy And Immersion On Economic And Moral Decision - Making In Video Games, Alex Dien

CMC Senior Theses

This study explores the role of immersive environments, specifically video games, in shaping empathy and decision-making during economic exchanges like the Ultimatum Game. Traditional economic models emphasize rationality, but more recent research highlights the influence of emotions and empathy on decision-making. Using a 2x2 between-subjects design, this proposed study will investigate how varying levels of immersion (active gameplay versus passive observation) and fairness of offers (fair versus unfair) affect participants' responses to non-human characters (NPCs). I plan to recruit eighty participants, aged 18-25, to engage with a video game, Red Dead Redemption 2 (Rockstar Games, 2018) either through playing or …

Weathering The Storm: Examining The Impact Of Unexpected Inflation On Industry Returns, Casper Hoving

CMC Senior Theses

This paper analyzes the cross-sectional differences of how unexpected inflation affects industry returns, controlling for market factors and firm characteristics. The methodology builds upon Bernard (1986) in trying to explain and detect differing cross-sectional effects by industry, but instead considers daily reactions to the release of monthly CPI figures. My hypothesis was that higher unexpected inflation would have a negative effect on industry returns but when controlling for market factors and firm characteristics the reactions would be dampened. The findings of this study confirm that higher unexpected inflation tends to have a negative effect on market returns, but show mixed …

The Solar Power Of Pricing: Does Electricity Pricing Policy Drive Residential Solar Demand?, Talia De Beer

CMC Senior Theses

Solar energy has emerged as a pivotal renewable energy source, experiencing significant growth in the United States over the past two decades. As policymakers continue to develop and refine the best methods to incentivize solar adoption while reflecting true costs and potential equity concerns, this paper seeks to evaluate the impact of changes in solar pricing policies on residential solar installations. Employing a difference-in-differences regression model, this study examines the effects of policy changes on both the system capacity and number of installations of adoption in three Western states that have transitioned away from traditional Net Energy Metering (NEM) policies–Arizona, …

High ‘Steaks’: Does Lone Star Tick-Induced Red Meat Allergy Reduce Cardiovascular Disease-Related Hospitalizations?, Raj Parekh

CMC Senior Theses

In this thesis, I investigate the relationships between Lone Star Tick-induced Alpha-Gal Syndrome (AGS), red meat consumption, and cardiovascular health outcomes within New York State's 62 counties from 2012 to 2021. The analysis examines whether AGS, which forces individuals to reduce red meat consumption, serves as a natural experiment in understanding dietary impacts on cardiovascular disease (CVD). Leveraging panel data, I utilize Fixed Effects (FE) and Two-Stage Least Squares (2SLS) regression frameworks to disentangle the relationships between red meat expenditure, meat prices, Lone Star Tick prevalence, and health outcomes such as CVD, stroke, coronary heart disease, and heart attack hospitalization …

Just As Advertised: The Perception And Effectiveness Of Artificial Intelligence In Digital Advertising, Brandon Isem Cáceres

CMC Senior Theses

What do you think when you hear “AI in advertising”? Does it spark intrigue, or does it feel like just another tech buzzword? In today’s fast-paced digital marketing landscape, connecting with consumers is a high-stakes challenge, and artificial intelligence is at the forefront of innovation. From automating campaigns to creating hyper-targeted content, AI promises efficiency and precision—but how do audiences perceive this shift? By analyzing key performance indicators (KPIs) like impressions, click-through rates, and cost-per-click in an an original A/B test, this thesis evaluates the perception and effectiveness of AI-driven advertising strategies. Combining historical insights, case studies, and an original …