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Economics

2020

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Articles 31 - 60 of 80

Full-Text Articles in Public Policy

Neighborhood Change In Las Vegas, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr. Jun 2020

Neighborhood Change In Las Vegas, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.

Housing & Real Estate

This Fact Sheet analyzes indicators of demographic and economic change in Las Vegas neighborhoods and suburbs, provided by “American Neighborhood Change in the 21st Century,” a study published by the Institute on Metropolitan Opportunity (IMO) at the Minnesota Law School. Researchers reviewed data from the 2000 U.S. Census and the 2016 American Community Survey (ACS) for the top 50 largest metros in the U.S. The study reports levels of neighborhood change, including economic growth, poverty concentration, gentrification, and low-income displacement. Data pertaining to the Las Vegas metropolitan region are synthesized to measure indicators of economic viability and housing availability.


Reclaiming Indiana: The Politics Of Crisis Amid The Failures Of Liberal Capitalist Modernity, Chris Grove Jun 2020

Reclaiming Indiana: The Politics Of Crisis Amid The Failures Of Liberal Capitalist Modernity, Chris Grove

Dissertations, Theses, and Capstone Projects

This ethnography examines grassroots political responses to the economic crisis that began in 2008, foremost in the US Midwest, which arguably laid the groundwork both for the election of President Donald Trump and presidential candidacy of Senator Bernie Sanders. President Obama launched his $787 billion stimulus plan in Elkhart, Indiana, in early 2009. At the height of the crisis, unemployment skyrocketed from four to 20 percent in Elkhart, and it became central to struggles over the political direction of the US. With few safety nets, Elkhart residents struggled to meet their basic needs, creating conditions for political organizing on both …


Building For Culture: How Municipal Ownership Of Cultural Facilities Influences Annual Arts Funding In American Cities, Adam M. Sachs Jun 2020

Building For Culture: How Municipal Ownership Of Cultural Facilities Influences Annual Arts Funding In American Cities, Adam M. Sachs

Dissertations, Theses, and Capstone Projects

This thesis explores how local government support for arts and culture varies across 24 American cities. It has proven to be challenging for researchers to accurately measure municipal arts support. Research on cultural policy has also often focused on the federal level, despite total city expenditures far exceeding national or state government support. This thesis attempts to take an accurate pulse of city expenditures in 2017 and correlates those spending levels to the variation in city ownership of arts facilities. Rooted in the historical perspectives of the ‘new institutionalism’ and path-dependency, this paper argues that past decisions about taking ownership …


Disamenity Or A Signal Of Competence? The Empirical Political Economy Of Local Road Maintenance, Benjamin Blemings, Margaret Bock May 2020

Disamenity Or A Signal Of Competence? The Empirical Political Economy Of Local Road Maintenance, Benjamin Blemings, Margaret Bock

Economics Faculty Working Papers Series

Empirical results find different conclusions than theoretical evidence of how electorates perceive road work. This paper uses a geographically smaller unit of analysis than prior work, political alignment, local election cycles, and difference-in-differences. It finds political distortions in invasive road maintenance timing and rules out maintenance seasonality. Spatial discontinuity plots leveraging ward boundary cutoffs confirm the shift. Results identify new public distortions to road maintenance, local election cycles, which are widespread and frequent. The estimates are used to calculate financial costs of local elections on road maintenance. Local elections have cost medium-large U.S. cities over $185.5 million from 1960- 2020.


Metro Monitor 2020: Las Vegas & Reno, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr. May 2020

Metro Monitor 2020: Las Vegas & Reno, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This Fact Sheet presents changes in indicators of economic health for the State of Nevada using data provided by the Brookings Institution’s Metro Monitor analysis. Looking beyond gross domestic product (GDP) and job growth, researchers at Brookings’ Metropolitan Policy Program measure various indicators of economic well-being across 192 metropolitan statistical areas (MSAs) for a 1-year period (from 2017-2018) and a 10-year period (from 2008-2018). Metro areas are classified by size: midsized metros (with populations between 250,000 and 500,000), large metros (with populations between 500,000 and 1 million), and very large metros (with populations over 1 million). For the purpose of …


Immigrants And Their Voting Power In Nevada, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr. May 2020

Immigrants And Their Voting Power In Nevada, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.

Demography

This Fact Sheet presents the number of both documented and undocumented immigrants in Nevada, synthesizing data provided by New American Economy (NAE), a bipartisan research non-profit organization. To estimate the total number of immigrants in the U.S. and across each of the 50 states, researchers reviewed various data sources including the U.S. Census, the American Community Survey, the Center for Migration Studies, and the United States Citizenship and Immigration Services (USCIS).


Who Benefits From Park And Recreation Improvements In San Francisco? A Case Study Of Recreation Center Renovations In San Francisco, Safia Belayadi May 2020

Who Benefits From Park And Recreation Improvements In San Francisco? A Case Study Of Recreation Center Renovations In San Francisco, Safia Belayadi

Master's Theses

The purpose of this study is to examine the efficacy of city policies undertaking public goods investments to benefit disadvantaged communities in San Francisco. Namely, is the process of improving the quality of public goods serving targeted populations, or does it lead to unintended consequences such as gentrification? I take advantage of the timing of city recreation center renovations and the synthetic control method to capture any difference in the proportion of users that is poor before and after the renovation date. I use San Francisco Recreation and Park Department registrant data containing user zip codes and census demographic data …


The Association Between Family Income And Adults’ Attitudes On Whether The Government Should Help The Poor, Emily Malloy May 2020

The Association Between Family Income And Adults’ Attitudes On Whether The Government Should Help The Poor, Emily Malloy

Honors Projects

This research examines whether people in different social classes have varying views on whether the government should help the poor and whether that depends on political affiliation. Income inequality has become a greater problem in the U.S. in recent decades. This means that the poor could require more assistance and it is important to know if the public thinks the government should help the poor. Knowing what influences public opinion on this issue could help policy makers make informed decisions about whether the government should help the poor. Data from the 2008 (N=2,023) and 2018 (N=2,348) General Social Survey (GSS) …


Agglomeration Economies: How “Y’Allywood” Became The New Hollywood, Joseph Dugan Walker May 2020

Agglomeration Economies: How “Y’Allywood” Became The New Hollywood, Joseph Dugan Walker

Honors Theses

Agglomeration economies have gained special attention in recent decades. With the increasing connectivity of our world, specialized regional economies are stronger now than ever before. A specific agglomeration economy that has developed in recent years is the Georgia Film Industry. This region surpassed Hollywood as the premier filming location for the first time since the early 1900s when New York was number one. This thesis analyzes the reasons why Georgia was so successful in attracting the film industry and encouraging its development by comparing infrastructure, film tax incentives, population, and labor development to that of competing states like New York, …


Addressing Urban Income Inequality Through Education: A Case Study In Atlanta, Garrett Bronn May 2020

Addressing Urban Income Inequality Through Education: A Case Study In Atlanta, Garrett Bronn

Finance Undergraduate Honors Theses

For decades, the income inequality gap between the rich and poor has continued to expand dramatically, with criticism of existing education systems often at the heart of the issue. Large urban cities are commonly at the forefront of the issue, given the plethora of teacher strikes in recent years. Events such as the 11-day Chicago teacher’s strike in October of 2019 that idled academics and college prep for 350,000 students, have highlighted many current education issues (Hauck, 2019). With underfunded and poorly equipped middle and high schools, students in poor and minority neighborhoods in cities are less prepared academically, ill …


Covid-19: Projected Job Loss In Mountain West States, Marie A. Falcone, Caitlin Saladino, William E. Brown Apr 2020

Covid-19: Projected Job Loss In Mountain West States, Marie A. Falcone, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights Mountain West data from the Economic Policy Institute (EPI) report titled, “States are projected to lose more jobs due to the coronavirus: 14 million jobs could be lost by summer.” The original data source provides figures on the estimated job loss from private sector employment in retail, leisure, and hospitality. This Fact Sheet examines the data for large metropolitan Mountain West states (including Arizona, Colorado, Nevada, New Mexico, and Utah) with projected job loss in the coming months due to the coronavirus.


Restructuring And Forgiveness In Financial Crises A: The Mexican Peso Crisis Of 1994-95, Christian M. Mcnamara, June Rhee, Andrew Metrick Apr 2020

Restructuring And Forgiveness In Financial Crises A: The Mexican Peso Crisis Of 1994-95, Christian M. Mcnamara, June Rhee, Andrew Metrick

Journal of Financial Crises

Following a year in which repeated political turmoil sapped investor confidence in Mexico, putting pressure on the peso and draining the country’s foreign exchange reserves, on December 22, 1994, the Mexican government sparked a financial crisis by unexpectedly abandoning its policy of anchoring the peso to the US dollar and instead allowing it to float freely. The resulting collapse of the peso left Mexico with $40 billion to $50 billion in external debt (much of it dollar-indexed) coming due in the near term and almost no foreign exchange reserves. Faced with the prospect that Mexico would either default on its …


Guarantees And Capital Infusions In Response To Financial Crises C: U.S. 2009 Stress Test, Chase P. Ross, June Rhee, Andrew Metrick Apr 2020

Guarantees And Capital Infusions In Response To Financial Crises C: U.S. 2009 Stress Test, Chase P. Ross, June Rhee, Andrew Metrick

Journal of Financial Crises

When President Obama took office in 2009, the Treasury focused on restarting bank lending and repairing the ability of the banking system as a whole to perform the role of credit intermediation. In order to do so, the Treasury needed to raise public confidence that banks had sufficient buffers to withstand even a very adverse economic scenario, especially given heightened uncertainty surrounding the outlook of the U.S. economy and potential losses in the banking system. The Supervisory Capital Assessment Program (SCAP)—the so-called “stress tests”—sought to rigorously measure the resilience of the largest bank holding companies. Those found to have insufficient …


Guarantees And Capital Infusions In Response To Financial Crises B: U.S. Guarantees During The Global Financial Crisis, June Rhee, Andrew Metrick Apr 2020

Guarantees And Capital Infusions In Response To Financial Crises B: U.S. Guarantees During The Global Financial Crisis, June Rhee, Andrew Metrick

Journal of Financial Crises

During 2008-09, the federal government extended multiple guarantee programs in an effort to restore the financial market and contain the panic and crisis in the market. For example, the Treasury provided a temporary guarantee program for the money market funds, the FDIC decided to stand behind certain debts and non-interest-bearing transaction accounts, and the Treasury, the FDIC, and the Federal Reserve agreed to share losses in certain assets belonging to Citigroup. This case reviews these guarantee programs implemented during the global financial crisis by the government and explores the different rationale that shaped certain design features of each program.


Australian National Audit Office: Evaluating Australian Army Program Performance, Bert Chapman Apr 2020

Australian National Audit Office: Evaluating Australian Army Program Performance, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

The Australian National Audit Office (ANAO) evaluates the management and financial performance of Australian government programs for the Australian Parliament, Australian government agencies, Australian taxpayers, and individuals interested in the performance of these programs globally. This article examines how ANAO has examined the performance of Australian Army programs and strengths and weaknesses found in these programs while recommending changes to improve program performance. It also examines how government agencies and corporations which have been the subject of ANAO analyses have reacted to ANAO findings. This assessment also examines how Plan B (the possibility that Australia might have to rely less …


The Impact Of The Legalization Of Marijuana In Colorado On Education Funding And Car Crash Fatality Rates, Lauren Mcdonald Apr 2020

The Impact Of The Legalization Of Marijuana In Colorado On Education Funding And Car Crash Fatality Rates, Lauren Mcdonald

Undergraduate Theses and Capstone Projects

The objective of this thesis is to investigate and report the impact of the legalization of marijuana on the funding of education and car crash fatality rates in the state of Colorado. Legalization has been a controversial topic, and marijuana has already been legalized for recreational use in 11 states, and medically in 22 states across the United States. The tax revenues from marijuana are used in school funding, though the allocations of these funds have varied in different years. As we approach the impact that legalization has had on Colorado, it will be interesting to see if the newly …


Debt Bondage: How Private Collection Agencies Keep The Formerly Incarcerated Tethered To The Criminal Justice System, Bryan L. Adamson Apr 2020

Debt Bondage: How Private Collection Agencies Keep The Formerly Incarcerated Tethered To The Criminal Justice System, Bryan L. Adamson

Northwestern Journal of Law & Social Policy

This Article examines the constitutionality of statutes which allow courts to transfer outstanding legal financial obligations to private debt collection agencies. In Washington State, the clerk of courts can transfer the legal financial obligation of a formerly incarcerated person if he or she is only thirty days late making a payment. Upon transfer, the debt collection agencies can assess a “collection fee” of up to 50% of the first $100.000 of the unpaid legal financial obligation, and up to 35% of the unpaid debt over $100,000. This fee becomes part of the LFO debt imposed at sentencing, and like that …


The Sustainability Of Child Protection Services In The Republic Of Kosovo, Shpetim Bylykbashi Mar 2020

The Sustainability Of Child Protection Services In The Republic Of Kosovo, Shpetim Bylykbashi

Capstone Collection

Today, in Kosovo, are services provided for the children most in need sustainable? Do these services have stable and long-term funding? Did the decentralization of the Kosovo government strengthen or weaken the existing child protective environment? In an attempt to answer these questions, a review of available literature was completed, as well as direct interviews conducted with relevant stakeholders engaged in Kosovo’s child protection services at both the governmental and civil society levels. The main finding of my research is that vulnerable children in Kosovo, such as children without parental care, children with special needs, and child victims of domestic …


The Urban Heat Island Effect In Nevada, Ember Smith, Kaylie Pattni, Caitlin Saladino, William E. Brown Mar 2020

The Urban Heat Island Effect In Nevada, Ember Smith, Kaylie Pattni, Caitlin Saladino, William E. Brown

Environment

This fact sheet explores the temperature difference between Nevada cities and their undeveloped surrounding areas using reports by the Urban Land Institute, Climate Central, National Public Radio (NPR), and various governmental organizations. We investigate what “urban heat islands” are, their effects, the correlation between heat and income, and factors that contribute to rising temperatures in Las Vegas, North Las Vegas, Henderson, and Reno.


Do Public Program Benefits Crowd Out Private Transfers In Developing Countries? A Critical Review Of Recent Evidence, Plamen Nikolov, Matthew Bonci Mar 2020

Do Public Program Benefits Crowd Out Private Transfers In Developing Countries? A Critical Review Of Recent Evidence, Plamen Nikolov, Matthew Bonci

Economics Faculty Scholarship

Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms for risk-protection, which are especially prevalent in LMICs. If the displacement of private transfers is considerably large, the expansion of social protection programs could even lead to social welfare loss. In this paper, we critically survey the recent empirical literature on crowd-out effects in response to public policies, specifically in the context of LMICs. We review and synthesize patterns from …


The Nutria That Roared: How Building Coalitions Can Empower The Small To Drive Great Change, Michael Hecht Mar 2020

The Nutria That Roared: How Building Coalitions Can Empower The Small To Drive Great Change, Michael Hecht

New England Journal of Public Policy

Hurricane Katrina saved the New Orleans economy. To be clear, Hurricane Katrina was not “good”—it was a devastating event, the most destructive storm in American history, costing thousands of lives and billions of dollars in damage. But when the books are written, and the story is told, the conclusion will be inescapable: Hurricane Katrina marked a profoundly positive inflection point in the New Orleans economy.


How Startups Help Cities Measure Their Economic Development Frontier, Mary Blankenship, Caitlin Saladino, William E. Brown Mar 2020

How Startups Help Cities Measure Their Economic Development Frontier, Mary Blankenship, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet provides data on the ability of Metropolitan Statistical Areas (MSAs) in the Mountain West to foster innovative and technology-driven industries, utilizing information presented by the Brookings Institution report, “How startups help cities measure their economic development frontier."


The Importance Of Cognitive Domains And The Returns To Schooling In South Africa: Evidence From Two Labor Surveys, Plamen Nikolov, Nusrat Jimi Mar 2020

The Importance Of Cognitive Domains And The Returns To Schooling In South Africa: Evidence From Two Labor Surveys, Plamen Nikolov, Nusrat Jimi

Economics Faculty Scholarship

Numerous studies have considered the important role of cognition in estimating the returns to schooling. How cognitive abilities affect schooling may have important policy implications, especially in developing countries during periods of increasing educational attainment. Using two longitudinal labor surveys that collect direct proxy measures of cognitive skills, we study the importance of specific cognitive domains for the returns to schooling in two samples. We instrument for schooling levels and we find that each additional year of schooling leads to an increase in earnings by approximately 18-20 percent. The estimated effect sizes—based on the two-stage least squares estimates—are above the …


Signs Of Digital Distress: The Mountain West, Mary Blankenship, Caitlin Saladino, William E. Brown Feb 2020

Signs Of Digital Distress: The Mountain West, Mary Blankenship, Caitlin Saladino, William E. Brown

Transportation & Infrastructure

This Fact Sheet examines the broadband services available and their subscription rates across major metro areas in the Mountain West, using the data and analysis found in “Signs of Digital Distress,” a report by the Brookings Institution.


Foot Traffic & Walkable Urbanism, Ember Smith, Mary Blankenship, Caitlin Saladino, William E. Brown Feb 2020

Foot Traffic & Walkable Urbanism, Ember Smith, Mary Blankenship, Caitlin Saladino, William E. Brown

Transportation & Infrastructure

This fact sheet highlights the performance and expansion of WalkUPs (regionally significant, walkable areas) with a focus on Denver, Los Angeles, Orlando, Phoenix, and Las Vegas as detailed in Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros, a report by George Washington University.


The Outdoor Recreation Economy In The Mountain West, Kaylie Pattni, Ember Smith, Caitlin Saladino, William E. Brown Feb 2020

The Outdoor Recreation Economy In The Mountain West, Kaylie Pattni, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This fact sheet provides select data from the State Outdoor Recreation Satellite Account (ORSA) at the Bureau of Economic Analysis (BEA) to highlight the outdoor recreation economy in the Mountain West region, including Nevada, Utah, Arizona, New Mexico, and Colorado.


Lessons Learned: Ray Dalio, Andrew Metrick, Rosalind Z. Wiggins, Kaleb B. Nygaard Jan 2020

Lessons Learned: Ray Dalio, Andrew Metrick, Rosalind Z. Wiggins, Kaleb B. Nygaard

Journal of Financial Crises

Insights from a discussion with Ray Dalio, Founder, Chairman, and Co-Chief Investment Officer of Bridgewater Associates, one of the largest hedge funds in the world. Topics range from monetary policy to communications strategy when responding to a financial crisis.


Basel Iii G: Shadow Banking And Project Finance, Christian M. Mcnamara, Andrew Metrick Jan 2020

Basel Iii G: Shadow Banking And Project Finance, Christian M. Mcnamara, Andrew Metrick

Journal of Financial Crises

The Net Stable Funding Ratio (NSFR), a liquidity standard introduced by Basel III, seeks to promote a better match between the liquidity of a bank’s assets and the manner in which the bank funds those assets. The NSFR requires banks to maintain a minimum amount of funding deemed “stable” by the Basel framework based on the liquidity of the banks’ assets and activities over a one-year timeframe. One of the areas seen as most affected by this development may be bank participation in project finance for infrastructure development. Since the global demand for infrastructure development remains robust, the shadow banking …


Basel Iii F: Callable Commercial Paper, Christian M. Mcnamara, Rosalind Bennett, Andrew Metrick Jan 2020

Basel Iii F: Callable Commercial Paper, Christian M. Mcnamara, Rosalind Bennett, Andrew Metrick

Journal of Financial Crises

One of the Basel Committee on Banking Supervision’s responses to the global financial crisis of 2007-09 was to introduce the Liquidity Coverage Ratio (LCR), a short-term measure that evaluates whether a bank has enough liquidity to meet expected cash outflows during a 30-day stress scenario. One area in which this incentive has already resulted in changed practices is in the market for commercial paper. Banks often provide backup liquidity facilities to the issuers of commercial paper that the issuers can draw upon to repay a maturing issue of commercial paper if they are unable to sell a new issue to …


Basel Iii D: Swiss Finish To Basel Iii, Christian M. Mcnamara, Natalia Tente, Andrew Metrick Jan 2020

Basel Iii D: Swiss Finish To Basel Iii, Christian M. Mcnamara, Natalia Tente, Andrew Metrick

Journal of Financial Crises

After the Basel Committee on Banking Supervision (BCBS) introduced the Basel III framework in 2010, individual countries confronted the question of how best to implement the framework given their unique circumstances. Switzerland, with a banking industry that is both heavily concentrated and very large relative to the size of its overall economy, faced a special challenge. It ultimately adopted what is sometimes referred to as the “Swiss Finish” to Basel III—enhanced requirements applicable to Switzerland’s “too-big-to-fail” banks Credit Suisse and UBS that go beyond the base requirements established by the BCBS. Yet the prominent role played by relatively new contingent …