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Articles 1 - 7 of 7
Full-Text Articles in Income Distribution
Working Capital Requirement And The Unemployment Volatility Puzzle, Tsu-Ting Tim Lin
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
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
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 …
Economic Development And Female Labor Force Participation In The Middle East And North Africa: A Test Of The U-Shape Hypothesis, Kelsey A. Chapman
Economic Development And Female Labor Force Participation In The Middle East And North Africa: A Test Of The U-Shape Hypothesis, Kelsey A. Chapman
Gettysburg Economic Review
This paper investigates the relationship between economic development and female labor force participation in the Middle East and North Africa (MENA). Using a panel data set of 20 countries in the region for the period of 1990-2012, I develop an econometric model that tests the U-shape hypothesis. This study builds upon previous literature examining the U-shape hypothesis in time series studies for developing countries, and cross-country studies. The results of this paper suggest that there is a U-shaped relationship between economic growth and female labor force participation rates. The MENA region’s low female labor force participation rates can be explained …
The Gettysburg Economic Review, Volume 8, Spring 2015
The Gettysburg Economic Review, Volume 8, Spring 2015
Gettysburg Economic Review
No abstract provided.
Effects Of Husband’S Education On Wife’S Earnings: The Recent Evidence, Humenghe Zhao
Effects Of Husband’S Education On Wife’S Earnings: The Recent Evidence, Humenghe Zhao
Gettysburg Economic Review
This paper aims to examine the relationship between husband’s education and his wife’s earnings. The study builds upon previous literature revolving around the relationship between a woman’s human capital and her husband’s earnings. Using pooled cross-sectional data from the Current Population Survey (CPS), I adjust the OLS wage model to estimate whether a man’s human capital has positive effects on his wife’s earnings. Two major hypotheses concerning the correlation between spousal education and earnings are cross-productivity effect between couples and assortative mating. Using the original regression model, I also estimate a sub-sample designed to restrict the effects of positive assortative …
Do Living Wages Alter The Effect Of The Minimum Wage On Income Inequality?, Benjamin S. Litwin
Do Living Wages Alter The Effect Of The Minimum Wage On Income Inequality?, Benjamin S. Litwin
Gettysburg Economic Review
Anker (2006) proposed a new methodology for calculating the living wage in countries around the world. By looking at OECD nations between 2000-2010, we look to see if countries with a national minimum wage higher than this living wage value see a notable difference in the effect of the minimum wage on income inequality. Our results show that countries with the minimum wage higher than the living wage value do see lower inequality, although there is a key value of the minimum wage, at which countries start to see disemployment effects that increase inequality.