Other Economics Commons^™

Connecting Higher Education To Workplace Activities And Earnings, Hung Chau, Sarah H. Bana, Baptiste Bouvier, Morgan R. Frank

Economics Faculty Articles and Research

Higher education is a source of skill acquisition for many middle- and high-skilled jobs. But what specific skills do universities impart on students to prepare them for desirable careers? In this study, we analyze a large novel corpora of over one million syllabi from over eight hundred bachelors’ granting US educational institutions to connect material taught in higher education to the detailed work activities in the US economy as reported by the US Department of Labor. First, we show how differences in taught skills both within and between college majors correspond to earnings differences of recent graduates. Further, we use …

Cross-Quality Impacts Of Ncaa Division I Baseball And Softball, Laura Beaudin

Economics Faculty Journal Articles

Fifty years after Title IX, inequalities still exist between men's and women's sports. Most sport studies still fail to examine women's sports. This study explores the cross-quality impacts of Division I baseball and softball teams. The softball team win percentage is positively related to softball and baseball game attendance. However, models produce mixed results for the impact of the quality of the baseball team. Therefore, improving the strength of the softball team could increase softball and baseball game attendance, while improving the strength of the baseball team might only increase attendance at baseball games.

Public Distrust, Political Participation, And The Role Of Student Government, Christine Trinh

Honors Theses

The turn of the 21st century presented a government led by public distrust. More and more people are growing skeptical of the government due to its previous actions, as well as overall longstanding disdain and misinformation, passed on through generations. Like many other fields, political participation is expected to be heavily influenced by rising public distrust in the government. However, there is hope in mitigating public distrust to increase political participation. Previous studies have proven civic engagement, specifically in student government at the collegiate level, leads to creating higher public trust and a wealth of political understanding and knowledge. We …

Failed Secular Revolutions: Religious Belief, Competition, And Extremism, Jean-Paul Carvalho, Jared Rubin, Michael Sacks

ESI Working Papers

All advanced economies have undergone secular revolutions in which religious belief and institutions have been subordinated to secular forms of authority. There are, however, numerous examples of failed secular transitions. To understand these failures, we present a religious club model with endogenous entry and cultural transmission of religious beliefs. A spike in the demand for religious belief, due for example to a negative economic shock, induces a new and more extreme organization to enter the religious market and exploit the dissatisfaction of highly religious types with the religious incumbent. The eect is larger where institutional secularization is more advanced, for …

Introducing New Forms Of Digital Money: Evidence From The Laboratory, Gabriele Camera

ESI Publications

Central banks may soon issue currencies that are entirely digital (CBDCs) and possibly interest bearing. A strategic analytical framework is used to investigate this innovation in the laboratory, contrasting a traditional “plain” tokens baseline to treatments with “sophisticated” interest-bearing tokens. In the experiment, this theoretically beneficial innovation precluded the emergence of a stable monetary system, reducing trade and welfare. Similar problems emerged when sophisticated tokens complemented or replaced plain tokens. This evidence underscores the advantages of combining theoretical with experimental investigation to provide insights for payments systems innovation and policy design.

Session 7: Would Ai Stocks Estimate Be As Surprised To Usda Stock Reports As Private Market Analysts?, Asif Mahmud Chowdhury, Matthew Elliott

SDSU Data Science Symposium

Would AI Stocks Estimate Be as Surprised to USDA Stock Reports as Private Market Analysts?

Keywords: Machine Learning, Random Forest, Agricultural Commodities Market, Informational Impact, Efficient Market Hypothesis.

The USDA survey-based Quarterly Grain Stocks reports are the primary source of information regarding the relative supply of U.S. corn, soybeans, and wheat for the last fifty years. Previous research has examined the accuracy of the USDA stock reports and their relevancy to the market, given alternative sources of estimates (e.g., Isengildina-Massa et al., 2021). For example, private industry analysts also estimate expected quarterly grain stock reports before USDA releases their reports. …

Competing Social Influence In Contested Diffusion: Luther, Erasmus And The Spread Of The Protestant Reformation, Sascha O. Becker, Steven Pfaff, Yuan Hsiao, Jared Rubin

ESI Working Papers

The spread of radical institutional change does not often result from one-sided pro-innovation influence; countervailing influence networks in support of the status quo can suppress adoption. We develop a model of multiple and competing network diffusion. To apply the contested-diffusion model to real data, we look at the contest between Martin Luther and Desiderius Erasmus, the two most influential intellectuals of early 16th-century Central Europe. Whereas Luther championed a radical reform of the Western Church that broke with Rome, Erasmus opposed him, stressing the unity of the Church. In the early phase of the Reformation, these two figures utilized influence …

An Experimental Test Of Algorithmic Dismissals, Brice Corgnet

ESI Working Papers

We design a laboratory experiment in which a human or an algorithm decides which of two workers to dismiss. The algorithm automatically dismisses the least productive worker whereas human bosses have full discretion over their decisions. Using performance metrics and questionnaires, we find that fired workers react more negatively to human than to algorithmic decisions in a broad range of tasks. We show that spitefulness exacerbated this negative reaction. Our findings suggest algorithms could help tame negative reactions to dismissals.

Gambling On Growth: An Analysis Of The Early Impact Of Historical Horse Racing On Kentucky’S Thoroughbred Industry, Barrett W. Kerr

Theses and Dissertations--Agricultural Economics

With a continuous decline in on-track wagering on Thoroughbred racing, racetrack operators are exploring alternative revenue sources to fund purses and create better quality racing. Historical Horse Racing (HHR), which represents one of the most recent advancements in parimutuel wagering, has become a popular system used by many states to offset the live wagering decline. Proponents of HHR suggest that this alternative wagering option will benefit the live racing industry. Using data from Kentucky racetracks from 2002 – 2021, this study examines the relationship between HHR wagering and key industry metrics, such as purses, on-track wagering, sales prices, and foal …

Skill Differences And Wage-Effort Relationship: Who Are More Exploited, High-Skilled Or Low-Skilled Workers?, Hyun Woong Park, Dong–Min Rieu

Economics Department Working Paper Series

Who are more exploited, high-skilled or low-skilled workers? We address this question using the efficiency wage model with skill differentials incorporated. We perform simulations to find the Nash equilibrium numerically, and our central results are the following. First, higher-skilled workers are offered higher wages but exert less effort, and in particular the skill-wage relationship matches the observed data on wage inequality of the U.S. Second, we employ two measures of the degree of exploitation. On the one hand, the ratio between effort and wage the higher-skilled workers experience is lower than that of lower-skilled workers. This is due to their …

Uncovering The Effects Of The Freedman's Bank Failure On Personal Property: An Analysis Of Newly Obtained Data From Kentucky And Georgia, Hannah Fowler

Scripps Senior Theses

The Freedman's Savings and Trust Company (the Freedman’s Bank), collapsed in 1874, resulting in the loss of savings for many African American depositors. This study uses a difference-in-difference analysis to investigate the impact of the closure of the Freedman's Bank on the economic well-being of African American taxpayers in Georgia and Kentucky during the Reconstruction era. The analysis did not identify a statistically significant treatment effect; however, it highlights the potential of previously unused archival data sources for future research. The study also draws attention to the need for more comprehensive and rigorous research in this area, in order to …

Hubungan Antara Pertumbuhan Ekonomi Dan Infrastruktur Transportasi Di Indonesia, Ida Kade Sukesa, Elissaios Papyrakis

Jurnal Ekonomi dan Pembangunan Indonesia

Given the mixed results of the existing research on the relationship between transport infrastructure and economic growth in Indonesia, this study, which aims to examine this relationship, uses two approaches, first using time-series data and second using panel data. From the first approach, this study concludes that there is a unidirectional relationship from economic growth to road infrastructure, while between economic growth and air and sea transportation infrastructure there is no relationship. Similar results were also found using the second approach. The growth of three types transport infrastructure does not have a significant effect on economic growth.

A Philosophical And Empirical Investigation Into Buddhist Economics, Hannah Doyle

CMC Senior Theses

There is a growing body of literature on Buddhist economics from a philosophical perspective; however, no work to date has sought to empirically validate it as an effective economic theory at a global scale. In my paper, I draw on the long history of Buddhist metaphysics to construct an account of Buddhist ethics and then proceed to derive a set of Buddhist economic principles. I draw on the World Happiness Report’s methodology to quantitatively demonstrate the relationship between Buddhist economic principles and the psychological wellbeing of a country’s citizens, as measured through their own evaluation of their quality of life …

Impact Of Recessions And The Business Cycle On Altruism, Nicolas De Mello

CMC Senior Theses

I examine how recessions and the business cycle impact the time individuals allocate to altruism, using American Time Use Survey data from 2002-2019. The aim of the paper was to create a measure of altruism to explore changes in attitudes towards charity and altruism instead of the financial ability to do so. Additionally, I want to understand how economic shocks, such as recessions, impact behaviors and habits across the US population. Using ordinary least squares and the Tobit model, I created two models to capture both changes during and after recessionary periods. The first model is a regression of individuals’ …

Guns And Fatal Police Shootings: Accuracy Of Firearm Prevalence Proxies In A Panel Data Analysis, Corin Elmore

CMC Senior Theses

This paper explores the relationship between gun prevalence and fatal police shootings in the United States. Specifically, the study assesses the validity of using FSS (Firearm Suicides Per Total Suicides) as a proxy for gun prevalence. It examines whether FBI background check data can be a more reliable alternative. Through a panel data analysis, the study provides moderate evidence that FBI background check data performs better than FSS as a proxy for gun prevalence and that the relationship between firearm prevalence and fatal police shootings is positive. Additionally, the study finds that instrumenting FSS with background check data to account …

Comanagement In Maine: Integrating Fishermen’S Ecological Knowledge Into Government Oversight Of Fisheries, Anne Hayden

Maine Policy Review

Comanagement is the sharing of responsibility for management between fishermen and fisheries agencies. It shifts fishermen’s incentives to include longer term conservation goals, generates fine-scale information for management that would not otherwise be available, and develops fishing strategies that are consistent with conservation. Analysis of comanaged fisheries in Maine, for lobster, clams, river herring, and scallops, indicates that comanagement improves fisheries productivity and is more effective than standard, top-down, broad-scale fisheries management.

Community Science’S Contributions To Fostering Relational Values To Overcome Coastal Ecosystems Challenges, Kanae Tokunaga, Pauline Angione, Bill Zoellick, Gayle Bowness, Sheba Brown, Claire Enterline, Sarah L. Kirn, Abigail Long, Stephanie Sun, Aaron Whitman

Maine Policy Review

This paper applies the emerging concept of ‘relational values’ – values people hold toward their relationships with nature and with each other – and brings attention to the role of community science in enhancing relational ecosystem values. We feature Gouldsboro Shore, Gulf of Maine Research Institute’s (GMRI) coastal flood monitoring, and river herring monitoring and restoration efforts as focal examples. Gouldsboro Shore activates community volunteers and high school students to support the management and resilience of their clam fishery in Gouldsboro, ME. GMRI’s flood monitoring provides a platform for coastal residents to report, monitor, and map coastal flooding in participating …

Logistics Planning: Putting Math To Work In A Business Setting, Michael C. Hannan

Senior Projects Spring 2023

The optimization of business procedures benefits all aspects of the product. Maximizing efficiency can lead to more profits for the business, cheaper products for the consumer, and less fuel consumption for the environment. Tracing the history of optimization, we can see that people have always strived for the most efficient way to allocate scarce resources. However, the field of optimization did not blossom until innovations in mathematics allowed us to solve a majority of real world problems. The discovery of linear and nonlinear programming in the 1940s allowed us to optimize problems that were unsolvable before. This paper introduces how …

Building Economic Resilience: A Comparative Study Of Ethnic Financing Institutions In Jewish, Japanese, And Korean American Communities, Kevin Lee

Senior Projects Spring 2023

Senior Project submitted to The Division of Social Studies of Bard College.

Stakeholder Perception Of Financial Incentive In Truck Appointment Systems At Chittagong Port, Suraya Yeasmin Jui

World Maritime University Dissertations

This dissertation investigates Chittagong Port Authority (CPA) stakeholder perceptions of financial incentives in Truck Appointment Systems (TAS), aiming to address the escalating congestion and operational challenges posed by peak-time truck arrival frequency. The objectives of this research are as follows: (i) To identify the factors that influence trucking companies to arrive at the CPA gate during peak hours. (ii) To evaluate stakeholder perceptions of the effectiveness of financial incentives in the TAS to reduce peak-time truck arrival frequency at Chittagong Port. (iii) To identify the key factors influencing stakeholder acceptance or resistance towards financial incentives in the TAS.

By employing …