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Full-Text Articles in Econometrics
How Do Incremental Wage Increases Affect Low-Wage Workers’ Health Levels?, Cory Stern
How Do Incremental Wage Increases Affect Low-Wage Workers’ Health Levels?, Cory Stern
Award Winning Economics Papers
This paper estimates the demand for health among low-wage American workers. I incorporate theoretical assumptions and empirical findings from the fields of food and health economics to derive a utility-maximization framework, which posits health is a normal good. Using data from the Panel Study on Income Dynamics, I then regress an ordered probit random effects model to isolate the effect of income fluctuations on health over time. These results are statistically significant and robust to numerous specification checks, suggesting low-wage workers experience improved health levels as their wages increase. These findings deserve further inquiry to better-inform the current public debate …
Terror Attacks And Bond Yields In The European Union: An Autogressive Transfer Function Approach, Benjamin Goldman
Terror Attacks And Bond Yields In The European Union: An Autogressive Transfer Function Approach, Benjamin Goldman
Award Winning Economics Papers
This article seeks a connection between the rate at which governments can borrow money and terrorist activity within their country. Government borrowing habits can play a large role in economic growth, and understanding the determinants of the rate at which money can be borrowed is valuable. The traditional bond yield study includes various macroeconomic indicators and estimates the role that they play in the borrow- ing rate. A straightforward theory to connect utility theory of consumer choice to risk preferences and the decision to invest in a bond is derived. Using data from the Inter- national Monetary Fund and University …
Do Expected Marginal Revenue Products For National Hockey League Players Equal Their Price In Daily Fantasy Games?, Benjamin Goldman
Do Expected Marginal Revenue Products For National Hockey League Players Equal Their Price In Daily Fantasy Games?, Benjamin Goldman
Award Winning Economics Papers
The equality between wages and marginal revenue products is a backbone of competitive labor markets. This study will seek to test the congruity between the two in the market for players in daily fantasy hockey games. Any observed and statistically significant incongruity would lead to the conclusion that an individual can earn long run profit playing daily fantasy games. Both fixed effects and pooled regressions are employed to isolate inequalities between prices and expected marginal revenue products for players in daily fantasy hockey games. Any deviation of such could potentially be explained by utility maximizing gamblers or incomplete information. Robust …
Do Bank Mergers Create Shareholder Value? An Event Study Analysis, Varini Sharma
Do Bank Mergers Create Shareholder Value? An Event Study Analysis, Varini Sharma
Award Winning Economics Papers
This paper investigates the economic role of bank mergers in creating shareholder value based on the idea that shareholder wealth will increase if the consolidation leads to the aforementioned gains. This paper is divided into seven sections. The second section of my paper provides an academic review of the literature, focusing on econometric theory that tests the gains in shareholder value and corporate synergies after a merger. The third section introduces a conceptual model I have designed using econometric tools to test how bank mergers create shareholder value. The fourth section embarks on a discussion about my ideal data followed …