Income Distribution Commons^™

La Influencia Del Mercado En La Crianza De Alpacas En Las Comunidades Alto Andinas De Pucará, Jessica Casale

Student Publications

Using a social-anthropological approach, through first-hand experiences living in the field and speaking with the subjects of this study, this paper investigates how the global economic market of alpaca wool has had effect on the traditional cultural practices of alpaca herders in the high Andean communities of Pucará, Peru. The results reveal a loss of traditional Andean herder’s practices and beliefs in the face of modernization, the inequality and exploitation within the wool market, and the influence of western economic ideologies. To preserve cultural practices and enhance the conditions of an alpaca herder, I suggest educating the communities on more …

Working Capital Requirement And The Unemployment Volatility Puzzle, Tsu-Ting Tim Lin

Economics Faculty Publications

Shimer (2005) argues that a search and matching model of the labor market in which wage is determined by Nash bargaining cannot generate the observed volatility in unemployment and vacancy in response to reasonable labor productivity shocks. This paper examines how incorporating monopolistically competitive firms with a working capital requirement (in which firms borrow funds to pay their wage bills) improves the ability of the search models to match the empirical fluctuations in unemployment and vacancy without resorting to an alternative wage setting mechanism. The monetary authority follows an interest rate rule in the model. A positive labor productivity shock …

Women's Social Rights: Untapped Economic Potential, Monae S. Evans

Student Publications

This paper analyzes whether women’s social rights play a role in fostering higher levels of economic development. Prior development initiatives and economic policies failed to account for the productive capacities of women by discriminating against their basic rights to things such as an equitable education, equal inheritance, and marital rights. Applying the CIRI (Cingranelli-Richards Human Rights) dataset for women’s social rights, I found that improvements in these areas of human rights leads to significant increases in real GDP per capita, which highlights the need for development analysts and economists to focus their attention on countries’ most viable productive resource, women.

Determining The Effect Of The Minimum Wage On Income Inequality, Benjamin S. Litwin

Student Publications

Many recent studies have shown a significant increase to income inequality since the 1980s. One of the proposed methods for fixing this trend is to increase the minimum wage, since this policy would help those at the low end of the income spectrum to see economic growth. To analyze the effectiveness of this policy, we studied data from countries that are part of the Organization for Economic Development and Cooperation. By forming an econometric model to account for many factors that affect income inequality in nations around the world, including the real value of the minimum wage, we can determine …

Putting A Human Face On The Minimum Wage, Christopher R. Fee

English Faculty Publications

What is a “livable wage,” and should we strive to raise wages for American workers?

There are lots of conflicting studies and reports. The Congressional Budget Office projects that an increase in the minimum wage from $7.25 an hour to $10.10 an hour would eliminate 500,000 jobs while raising the incomes of nearly 17 million Americans.

Even prominent economists like David Card and David Neumark diametrically disagree on the likely consequences of raising the minimum wage, and their studies of results in New Jersey have consistently yielded conflicting results for decades. [excerpt]

Bootstrap Blues, Hannah M. Frantz

SURGE

Meet David*. In mid-January, he came to the small town Iowa elementary school where I work. David has attended more schools in the two years since he started school than I have in my lifetime. In fact, the school he just moved from only has four days of attendance listed on his record. David moves so often because he’s homeless. His situation is not what we may stereotypically think of as “homeless”—you wouldn’t see him on the streets or even in soup kitchens. Instead, David stays with his mother, and they couch surf from one home to another from week …

Livelihood Security Among Refugees In Uganda: Opportunities, Obstacles, And Physical Security Implications, Karen J. Norris

Student Publications

This research project was designed to investigate the challenges refugees face in securing a livelihood, to understand the extent to which the United Nations, the government of Uganda, and various aid groups are able to assist refugees in achieving self-reliance, and the capacity that refugees have to empower themselves. It also endeavors to expose any disparities between nationality groups, and the impact of these differences. Furthermore, this project aims to explore the impact of refugee livelihood security on regional physical security and community stability.

The study found that despite international and national policies, and efforts by both non-governmental organizations and …