Labor Economics Commons^™

Employee Ownership And Moral Hazard: How Broad-Based Equity Sharing Can Lower Agency Costs And Reduce Inequality, Colin Clinton Hudson

Electronic Theses and Dissertations

Providing incentives to top managers by offering equity has become the norm; this practice, however, does not hold for all levels of employees. After tax incentives for employee ownership were introduced through the Employee Retirement Income Security Act of 1974, there has been little legislative support to encourage companies to implement broad-based equity sharing programs. Moreover, decades of neoliberal policies have incentivized the pursuit of short-term profits and speculation, which contribute to economic instability and explain the growing gap between productivity and real wages observed since the late 1970s. Developments in the literature contend that employee ownership aligns the goals …

Children’S Health And Maternal Work Activities, Termeh Tavangar

Electronic Theses and Dissertations

I estimate the effect of poor child health on maternal labor force participation. Mothers of health-impaired children may decide not to work and stay at home to take care of their children. Alternatively, mothers may choose to enter the labor force to pay for these children’s additional resources. Which action dominates is the empirical question I answer in this paper. I control for the potential endogeneity of a child’s health status by using an instrumental variables approach. I find that if mothers have a child in poor health, the probability that the mother works is decreased by thirteen percentage points, …

Biased Technical Change, Institutional Shift, And The Functional Distribution Of Income: Who Benefits From Economic Growth?, Adam Szymanski-Burgos

Electronic Theses and Dissertations

Starting from the mid 1970s and early 1980’s, the US and other advanced economies observed a widening divergence between the growth of average and median real hourly labor compensation and the average growth of labor productivity. This decoupling between labor compensation and productivity indicates a decline in the labor share of national income. Opposite to movements in the labor share, the share of national income remunerated as capital income has increased with the rise of capital incomes concentrated largely in corporate sector profits. Key developments since the middle of the 20th century have coincided with the onset of medium-run fluctuations …

Investing In Entrepreneurship: The Sustainable Solution To Tunisia’S Youth Unemployment Crisis?, Hussein Noureldin

All Reports

Since the Jasmine Revolution of 2011, Tunisia’s youth unemployment crisis has worsened. As of 2020, it has the tenth highest youth unemployment rate in the world at 36.5%. Experts have long identified this as the main challenge to overcoming Tunisia’s economic woes, and reform – from the education and vocational training systems on the supply-side to the job market on the demand-side – must follow the democratic gains achieved since 2011. The failed approach in reducing regional inequality under Ben Ali had an adverse effect, creating unemployment disparities between Tunisia’s affluent coastal cities and its poorer interior regions. As such, …

Bengal Rising: Why Bangladesh & Pakistan’S Growth Trajectories Are Diverging, Sartaj Javed

All Reports

50 years after Henry Kissinger derided the nascent state of Bangladesh as an economic basket case, the country has emerged as the newest claimant to the mantle of being an Asian tiger economy. Borne out of a genocidal civil war with Pakistan, Bangladesh’s rise and Pakistan’s decline over a tumultuous half-century period necessitates a review of foreign policy orthodoxy as South Asia’s populace starts to assert its economic and political might.

Three Essays On The High-Speed Rail Network In China, Shiyu Cheng

Theses and Dissertations--Economics

My dissertation consists of three essays that study the economic consequences of China’s high-speed rail (HSR) expansion.

In the first essay, I use the college admission cutoff scores to reveal students’ college preferences under the enrollment quota. By exploiting the quasi-experimental variation in whether or not college cities are connected by the HSR network, I document a two-point increase in the cutoff scores following a HSR station opening in the college city using difference-in-difference (DD) approach. Colleges in the megacities experience a larger increase in cutoff scores after the station opening. These findings suggest that the HSR network stimulates “brain …

Peer Effects: An In-Depth Analysis, Lauren O. Dirago-Duncan

Theses and Dissertations--Economics

The social multiplier effect of peers has the potential to influence all members of a group through changing the outcomes of a single member and thus poses a strong, low-cost channel for increasing student performance. As such, peer effects are much studied in education and inform important policy decisions such as classroom composition, ability tracking, and magnet schools. These studies are often limited in scope to the contemporaneous period—how one’s peers affect them while they are around one another, but we should also be concerned with whether peer group continues to influence student outcomes after their inevitable separation. I use …

The Global Issue Of Immigration: A Focus On Illegal Immigrants For U.S. Agriculture, Refugee Immigrants For Germany’S Trade And The Climate-Induced Diaspora From Least Developed Countries, Yunzhe Zhu

Theses and Dissertations--Agricultural Economics

Nowadays, the large scale of migratory movements caused by violence, poverty or climate change have made topics related to this worldwide diaspora a vanguard of research on international development. For one thing, the so-called “caravan migrants” that traveled from Central America in search for a better life in the U.S. have been blocked at the U.S.-Mexico border while U.S. agricultural sectors that are labor-intensive, such as the sectors of fruits and vegetables where most illegal immigrant farmworkers are hired, have been suffering from the shortage of farm labors for years. Such a situation calls for a development of U.S. immigration …

Discrimination In Modern Labor Markets: A Field Experiment, Taekmin Nam

Economics Honors Papers

With the growing prominence of big data and algorithms in the hiring process, it seems only apt to systematically identify the effect that these changes are having on labor markets. In this paper, I seek to take the first step in filling this void by systematically analyze the effect of big data and algorithms on discrimination in the hiring process. I conduct a correspondence study adapted to the new job application process to see how big data and algorithms are affecting discrimination in the hiring process.

Employer Strategies For Military Spouse Retention, Shanna Smith

Walden Dissertations and Doctoral Studies

Employee turnover is extremely costly to organizations, which concerns business leaders in the United States because organizations invest time and money in resources such as recruiting, hiring, onboarding, and training. Grounded in systems theory, the purpose of this multiple case study was to explore strategies employers use to retain military spouse talent. The sample consisted of nine business leaders from large companies in San Antonio, Texas, known for successful talent retention initiatives for military spouses. Data were collected from semistructured interviews with business leaders and publicly available organizational documents. Data analysis was guided by thematic analysis, member checking, and methodological …

Fixed Costs And The Division Of Labor, Haiwen Zhou

Economics Faculty Publications

How market size and the level of coordination costs determine the degree of specialization is studied in an infinite horizon model with the amount of capital determined endogenously. Firms producing the same intermediate good engage in oligopolistic competition and choose the degree of specialization of their technologies to maximize profits. A more specialized technology is a technology with a lower marginal cost, but a higher fixed cost. Interestingly, the relationship between the level of coordination costs and a firm’s degree of specialization is ambiguous. A firm in a country with a larger market size, more patient citizens, or a higher …

The Motherhood Wage Penalty: New Evidence On Long-Run Effects And Group Heterogeneity, Vera Kratz

CMC Senior Theses

This paper seeks to establish the magnitude of the long-run motherhood wage penalty. Using data from the 1997 National Longitudinal Survey of Youth, I examine the difference between the real hourly wages of mothers and non-mothers in the long run. By comparing mothers to not-yet-mothers as well as never-mothers, I am able to better isolate the true wage penalty mothers face. My findings indicate that 21 to 25 years after the birth of their first child, mothers face a 31.75 percentage point wage penalty compared to non-mothers. In addition, I examine differences in the wage penalties of mothers by marital …

Three Essays In Regional Taxation, Kenneth Tester

Theses and Dissertations--Economics

This dissertation looks at the role that geographically limited taxation and the behavioral response of economic agents to different forms of regional taxation. While geographic taxation is typically thought to be confined to state and local taxes, federal tax policy can also create designated areas that receive preferential tax treatment. In this dissertation, both types of regional taxation are examined and are unified under common themes such as tax mobility and the definition of the tax base.

In chapter 2, I examine the important effect of how the location of high income earners employment is influenced by taxes in the …

Financial Literacy And Retirement Preparedness In Sri Lanka: Evidence From The Private Sector Employees, Tiyani Lakshmi Rodrigo

Theses and Dissertations--Family Sciences

The South Asian country of Sri Lanka has a rapidly aging population, but little attention has been paid to individuals and families' financial preparedness for retirement. This study aims to overview the current system of retirement preparedness in Sri Lanka, and to examine financial and pension literacy's role on the retirement preparedness. Specifically, this study evaluated three domains of retirement preparedness: planning for retirement and perceived retirement income adequacy (subjective measures, n = 142), and wealth accumulation (objective measure, n = 115). Results show that (1) financial literacy had a positive and statistically significant association with retirement preparedness (only with …

The Digital Revolution Revisited: Artificial Intelligence & Employment, Nicholas Lavy

Williams Honors College, Honors Research Projects

Artificial intelligence (AI) is a quickly advancing technology that has the potential to displace a great deal of workers. Unlike past automation-based technologies, I find that high skilled labor is more impacted by AI than lower skilled labor. In order to analyze the impact that AI will have on the labor market, I utilize a fixed effects model for a historical case of automation’s impact on employment and a fitted parameter methodology to analyze the careers most and least exposed to artificial intelligence. My results suggest that an increase in exposure to automation technologies by one percentile leads to a …

The Effect Of Low Skill Job Opportunities On Postsecondary Enrollment, Mallory Radesic

Williams Honors College, Honors Research Projects

This research examines the effect that low skill job opportunities have on the probability of enrollment in postsecondary institutions between men and women, namely the construction and manufacturing industries. The research is based on the human capital investment theory, which states that individuals will enroll in postsecondary institutions when the perceived benefits outweigh the costs. More job opportunity heightens the opportunity cost of enrollment, hence lowering the probability of enrollment. After running a probit model, there is evidence that enrollment is countercyclical and that enrollment decisions do not vary significantly between men and women. I find that a 1 percent …

Impact Of Unemployment Insurance Benefit Generosity On Re-Employment Wages During The Great Recession, Hayden Cobb

Williams Honors College, Honors Research Projects

This paper examines the impact of the replacement ratio on re-employment wages during the great recession. This is done using a data set from IPUMS CPS displaced workers supplement between 2005 and 2012. Using OLS analysis, I estimated the impacts of the replacement ratio on the ratio of re-employment wages to pre-unemployment wages. I found that a replacement ratio of one would lead to a 77.6% increase in the ratio of re-employment wages to pre-unemployment wages, without the consideration of any other variables. The findings of the replacement ratio support economic theory and contradict the findings of some major papers …

Penyerapan Tenaga Kerja Dan Pertumbuhan Ekonomi Menuju Era Bonus Demografi Di Sumatra Barat, Sri Maryati, Hefrizal Handra, Irwan Muslim

Jurnal Ekonomi dan Pembangunan Indonesia

Indonesia’s provincial population projection in 2010–2035 shows West Sumatra is one of the provinces that may not experience a demographic bonus or it could be delayed to the next period. This study aims to analyze the determinants of sectoral employment absorption and its effect on economic growth with a demometric approach. The result shows that the absorption of labor in West Sumatra is influenced by economic variables (Gross Regional Domestic Product) and demographic variables (Human Development Index). As a consequence, the productivity and the quality of human resources become important factors to achieve demographic bonus in West Sumatra.

Pengaruh Jam Kerja Orang Tua Terhadap Kognitif Anak Di Indonesia, Pradini Ajeng Gemellia, Turro S. Wongkaren

Jurnal Ekonomi dan Pembangunan Indonesia

The current phenomenon shows an increasing work activities by both fathers and mothers to fulfil household needs. This social change is feared to give children imbalance time, causing children’s development to be not optimal. This study aims to see the influence of parental working hour on children’s cognitive scores in Indonesia. This study used data from IFLS Survey in 2007 and 2014 with a unit of analysis of children aged 7 to 14 used an OLS estimation method. The results of this study indicate that parental working hours had negative influence on children’s cognitive scores.

"The Refugees Are Better Off Than We Are": Evaluating The Impact Of Syrian Refugees On Jordanian Labor Markets, Maggie Dougherty

Senior Independent Study Theses

This thesis analyses the labor market impacts associated with hosting Syrian refugees in Jordan through the Syrian conflict. We provide a critical analysis of the sentiment that ‘the refugees are better off than we are.’ This sentiment derives from the perception that the poor economic conditions are the fault of refugees, because they take jobs from native citizens, or because of the international humanitarian aid that refugees receive. We suggest that this perception is a ‘false narrative’ which does not accurately describe the many causes of economic hardships in Jordan, thereby misplacing blame on refugees. The article analyzes the structural …