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Articles 31 - 48 of 48
Full-Text Articles in Labor Economics
The Relative Impact Of The Ged On Labor Market Outcomes For The Formerly Incarcerated, Sally Vandenberg
The Relative Impact Of The Ged On Labor Market Outcomes For The Formerly Incarcerated, Sally Vandenberg
CMC Senior Theses
This paper shows that while incarceration is associated with economic losses, the economic benefits associated with a GED may be nearly twice as large for high school dropouts that have been incarcerated than for dropouts who have not been incarcerated. My results, though imprecisely estimated, suggest that this relationship may be one of correlation, rather than causality. I find that among the formerly incarcerated the GED is associated with other positive outcomes, particularly lower rates of drug use.
Paying For Performance At The Plate: An Investigation Of Variable Pay Systems In Major League Baseball, Mitchell S. Bremermann
Paying For Performance At The Plate: An Investigation Of Variable Pay Systems In Major League Baseball, Mitchell S. Bremermann
CMC Senior Theses
Previous empirical research on variable pay systems have suggested that possible gains can come from paying for performance, but highlight the difficulty firms face in measuring performance. Using contracts signed in Major League Baseball’s free agent market, I find that over the 2010-2014 period, teams utilized variable pay schemes with players that were more productive or signaled greater risk, either in their contract terms or via overspecialization. However, not all forms of risk signaling were correlated with greater use of performance incentives, including age and proxies for injury history. These findings have significant implications for labor practices more broadly, as …
Player Compensation And Team Performance: Salary Cap Allocation Strategies Across The Nfl, Max Winsberg
Player Compensation And Team Performance: Salary Cap Allocation Strategies Across The Nfl, Max Winsberg
CMC Senior Theses
The National Football League’s salary cap constrains the available resources each franchise is allotted to spend on player personnel. I examine the effects of executive management’s compensation allocation strategies on team performance from 2006 to 2013. The findings suggest that spending more than the league-average on offensive lineman hurts overall team performance. Spending above the league average on both the offensive line and quarterback positions negatively affects offensive performance as well. This supports previous research stating that taking a superstar-approach to cap distribution negatively affects team performance. Furthermore, I find evidence of increased compensation inequality among players under the Collective …
The Changing Relationship Between Fertility And Female Emplyment, Viraj Shastri
The Changing Relationship Between Fertility And Female Emplyment, Viraj Shastri
CMC Senior Theses
Recent literature finds that in OECD countries the cross- country correlation between the total fertility rate and the female labor force participation rate has changed from negative till the mid-1980s to positive afterwards. In sharp contrast, other studies show that this negative relationship continues to exist, however the magnitude of the effect is lower. In this paper I look at a panel of 23 OECD aggregate fertility and labor market data from 1965 – 2013 and account for country as well as year fixed effects. My findings document that there exists a negative relationship between fertility and female employment for …
The Evolution Of Black-White Wage Inequality Across Occupational Sectors In The Us Since The 1990s, Tianxiao Ye
The Evolution Of Black-White Wage Inequality Across Occupational Sectors In The Us Since The 1990s, Tianxiao Ye
CMC Senior Theses
This paper updates the current knowledge about Black-White wage inequality in the US male labor market by using the NLSY97 sample. Compared with the results obtained from the NLSY79 cohort, I find that the unconditional racial wage inequality is smaller today, but after controlling for premarket academic skills, the conditional racial wage gap remains roughly the same as it was twenty years ago. After dividing the labor market by occupational categories, I find that in the white collar sector, the racial wage gap has largely disappeared even without controlling for academic skills. In the blue collar sector, academic skills can …
Explaining The “Explained”: An Examination Of The Gender-Based Education Gap In India And Its Impact On The Wage Gap, Kanupriya Rungta
Explaining The “Explained”: An Examination Of The Gender-Based Education Gap In India And Its Impact On The Wage Gap, Kanupriya Rungta
CMC Senior Theses
Analysis of the National Sample Survey Data from 2011-2012 shows that a gender-based education gap exists. Women are more likely than men to be illiterate. Some parents continue to view household duties as more important than education in the case of girls, causing some to drop out in primary and middle school, which leads to lower experience accumulation. However, females are almost equally as likely as males to be enrolled in school, and an equal proportion of males and females earn higher education degrees. More importantly, the difference in resource allocation seems to be minimal. Although education has a strong, …
Unemployment Rates During The Not-So-Great Recovery: How Much Is Structural Versus Cyclical?, Nicole Appleton
Unemployment Rates During The Not-So-Great Recovery: How Much Is Structural Versus Cyclical?, Nicole Appleton
CMC Senior Theses
This paper presents evidence that the majority of the high post-recession unemployment rates is the result of an increase in the natural rate, rather than cyclical deviations from it. Moreover, I discuss the likely causes of the recent increases in the natural rate. Since most of the theorized causes of increases appear transitory in nature, I expect that the natural rate will soon decline, followed closely by a decrease in actual unemployment rates.
State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone
State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone
CMC Senior Theses
In this paper, I analyze the effectiveness of state level Earned Income Tax Credit programs on improving of poverty levels. I conducted this analysis for the years 1991 through 2011 using a panel data model with fixed effects. The main independent variables of interest were the state and federal EITC rates, minimum wage, gross state product, population, and unemployment all by state. I determined increases to the state EITC rates provided only a slight decrease to both the overall white below-poverty population and the corresponding white childhood population under 18, while both the overall and the under-18 black population for …
The Consequences Of Mental Illness On Labor Market Decisions, Vanessa Lanuza
The Consequences Of Mental Illness On Labor Market Decisions, Vanessa Lanuza
CMC Senior Theses
The existing literature finds negative associations between mental illness and labor market outcomes. Using data from the 2007 to 2011 National Health Interview Survey, this study examines the consequences of emotional (depression, anxiety, or other emotional problems) and psychological (ADD, bipolar disorder, schizophrenia, or other mental problems) problems on four aspects of labor market decisions: the probability of participating in the labor force, the likelihood of working full time, the average number of hours worked per week and annual earnings. In addition to analyzing the effects of either having or not having a mental illness, I also test if there …
The Earning Gap Of Criminality: Effects Of Stigma, Length And Form Of Incarceration, Matthew P. Laredo
The Earning Gap Of Criminality: Effects Of Stigma, Length And Form Of Incarceration, Matthew P. Laredo
CMC Senior Theses
This paper shows that criminality causes a significant decrease in the earning potential of individuals. In addition, there is evidence to support that criminality has the same negative effect on earnings regardless of type of sentencing, whether probation or incarceration. Previous studies indicate that ex-convicts do not benefit from in-prison based programs. The purpose of this paper is to identify the short-term earning differentials between offenders and their law-abiding counter parts and offer insight as to how this can affect recidivism. Research shows that recidivists suffer the largest wage differentials, which significantly lowers their employment utility. This reduction of labor …
Changes In The Effects Of Determinants Of Earnings Inequality And Their Labor Implications In Urban China, 1988 - 2002, Maira T. Mercado
Changes In The Effects Of Determinants Of Earnings Inequality And Their Labor Implications In Urban China, 1988 - 2002, Maira T. Mercado
CMC Senior Theses
This study seeks to analyze the changes in the effects of determinants of earnings inequality and their labor market implications in urban China from 1988 to 2002. It analyzes urban individual data from the 1988, 1995, and 2002 surveys of the China Household Income Project by studying its inequality measures and summary statistics, and by conducting an ordinary least squares regression, quantile regression, and regression-based decomposition analysis. It finds that the labor market has indeed been rewarding human capital variables, in which age and work experience, which are related to seniority, have been decreasing in their contribution to earnings inequality, …
The Effect Of Executive Compensation On Firm Performance Through The Dot-Com Bubble, Maxwell J. Chambers
The Effect Of Executive Compensation On Firm Performance Through The Dot-Com Bubble, Maxwell J. Chambers
CMC Senior Theses
This thesis examines firm performance through the dot-com bubble through the lens of executive compensation. Hypotheses based on the theoretical literature of Bolton, Scheinkman and Xiong (2006) as well as Bertrand and Mullainathan (2001) in regards to management compensation in a speculative bubble motivate three regression models with differing market-cap-growth based dependent variables and specific compensation variables. Regression analyses test the models using public compensation and security data from S&P's Execucomp and Compustat databases. Synthesizing regression results show that stock option vesting schedules and executives' status on the board of directors may significantly affect firm performance through the dot-com bubble, …
Do Nba Fans Discriminate Against Race Or Nationality?, Peter Meyer
Do Nba Fans Discriminate Against Race Or Nationality?, Peter Meyer
CMC Senior Theses
Previous work found evidence that the racial composition of NBA teams was positively correlated with the racial composition of their metropolitan market areas during the 1990s. This paper finds continued evidence of this relationship in the 2000s, with an accompanying attendance boost from the incorporation of white players on teams located in whiter areas. There is also evidence that white players receive a salary premium relative to black players of equal performance quality. An examination of player performance indicates that demand for foreign players with the skill set of a forward or center is higher than demand for players of …
Executive Minority Employment And Compensation Gap In The S&P500: Is Compensation Disparity More Prevalent In Certain Industries?, Jason W. Toney
Executive Minority Employment And Compensation Gap In The S&P500: Is Compensation Disparity More Prevalent In Certain Industries?, Jason W. Toney
CMC Senior Theses
Minorities hold a significantly smaller percentage of executive positions in companies within the S&P500. However, whether these minorities are under compensated relative to their non-minority counterparts has not been previously investigated. Using Compustat data, this paper documents the differences in compensation between minorities and non-minorities as a whole, minority and non-minority CEOs, and the differences in compensation for minorities and non-minorities within industries. I show that there is no minority/white wage gap overall, and in some cases, minorities earn a premium compared to non-minorities.
The Effect Of Culture On Female Labor Force Partcipation, Joycelyn J. Ho
The Effect Of Culture On Female Labor Force Partcipation, Joycelyn J. Ho
CMC Senior Theses
This article looks at the effect of culture on female labor force participation. Proxies of culture used are Globe cultural social practice dimensions, and Hofstede cultural dimensions. This article finds that globe cultural dimensions have a stronger explantory value that Hofstede cultural dimensions. It confirms that gender eglaitarianism is a predictor of female labor force participation. It also suggests that assertiveness and uncertainty avoidance are also predictors of female labor force participation.
Running Backs In The Nfl Draft And Nfl Combine: Can Performance Be Predicted?, Chris Blees
Running Backs In The Nfl Draft And Nfl Combine: Can Performance Be Predicted?, Chris Blees
CMC Senior Theses
Berri and Simmons (2009) investigate the relationship between the NFL Combine and the NFL Draft. They find that a quarterback’s performance in the Combine can have a significant impact on that player’s draft position. However, they find that no known aspect of a quarterback before they are drafted is an indicator of success in the NFL. I examine if these relationships exist for the Running Back position. I find similar results to Berri and Simmons: that performance in the Combine does have an effect on that player’s draft position, but that no aspect of a running back’s pre-draft characteristics can …
An Analysis Of Remittance Tendencies Of Philippine Migrant Workers, Maryan S. Samson
An Analysis Of Remittance Tendencies Of Philippine Migrant Workers, Maryan S. Samson
CMC Senior Theses
In developing countries, remittances play a key role as a source of external finance. Remittances are a form of aid that migrant workers send back to their families, located in their home countries, in order to support the needs of the household. In about 25% of developing countries, remittances are larger than public and private capital flows combined (International Monetary Fund, 2009). In 2008, the Philippines economy was the 47th largest economy in the world with a GDP of $322 billion dollars (Asian Development Bank, Fact Sheet). Remittances accounted for over 10% of the Philippine economy, making the Philippines …
Examining The Effect Of Psychological Traits On Earnings And The Gender Wage Gap Within A Young Sample Of U.S. Employees, Marika May
CMC Senior Theses
This paper examines the effect of psychological traits on earnings and furthermore whether it helps explain the gender wage gap. Public-use data collected from The National Longitudinal Study of Adolescent Health is used to evaluate the impact on earnings on seven psychological factors: masculine traits, self esteem, analytical problem solving approach, willingness to work hard, impulsiveness, problem avoidance, and self-assessed intelligence. Findings show that gender differences in psychological traits are significant and returns to observable characteristics differ somewhat by gender as well. Among the young sample of U.S. employees evaluated in this study, I find that up to 21 percent …