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Full-Text Articles in Econometrics
A Stepping-Stone? An Analysis Of How The Minimum Wage Impacts The Wage Growth Of Individuals In Monopsonistic Industries, Levi Mcatee
Honors Projects
Do minimum wage increases serve as stepping-stones to higher-paying jobs for low-pay workers? This paper analyzes the impact of state minimum wage policy on the one-year wage growth rates of individuals across the wage distribution and whether that impact changes for individuals in highly monopsonistic industries. I review the recent literature on the disemployment effect, the impact of the minimum wage on wage growth rates, the nature of monopsonistic industries, and the relationship between the minimum wage and monopsony power. I offer theoretical reasons why the minimum wage may impact the wage growth rates of individuals in monopsonistic industries differently …
Hot Boy Summer? Analyzing Managerial Reactions To Season-Long Fluctuating Player Performance In Major League Baseball, John Rodgers Hood
Hot Boy Summer? Analyzing Managerial Reactions To Season-Long Fluctuating Player Performance In Major League Baseball, John Rodgers Hood
Honors Projects
This paper suggests numerical weights that a Major League Baseball (MLB) manager may use when comparing player performance across multiple past performance periods to predict future performance. By the end of the MLB regular season, current season performance becomes more predictive than prior season performance for pitchers but not hitters. After estimating weights for different past time periods of performance, this paper compares the weights with how managers value performance in high-stakes situations across these same time periods. I find that MLB managers overreact to recent performance by both hitters and pitchers in postseason settings.