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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 …