Economics Commons^™

The Impact Of Monetary Policy Announcements On Trading Reactions To Earnings Reports, Sean A. Maxfield

Economics Honors Projects

This paper examines trading reactions to quarterly earnings reports and the impact of recent monetary policy announcements by the Federal Open Market Committee (FOMC). It argues that the market, as a product of rational and irrational investor behavior, interprets firms’ financial performance within a broader macroeconomic context, affirming the causal channels found in similar studies. This study differs from prior research by looking at the recent, not simultaneous, monetary policy announcement for each earnings announcement in order to understand if the two types of information remain complementary. By conducting an event study model, this study confirms that the interaction of …

Money And Power: How Big Money Shapes Democracy In The United States, Paige Long

Thinking Matters Symposium

This project explores the question: what could and should be done to strengthen democracy in the United States? More specifically, it examines the role that large amounts of money in politics play in shaping political power and representation. The central argument of this project is that reducing the influence of big money in political campaigns and policymaking is necessary for creating a more fair and representative democratic system. When wealthy donors, corporations, and special interest groups are able to spend large amounts of money to influence elections and policy decisions, it can limit the political voice of ordinary citizens.

This …

Losses And Labor: Experimental Insights Into Worker Effort Supply And Behavioral Biases, Maia Lemov

Economics Honors Projects

Worker effort supply is influenced not only by rational expectations but also biases such as framing and numerical presentation of incentives. Identifying these effects is essential for designing effective incentives. To study left-digit manipulation, loss aversion, and loss aversion prediction, I conducted an experiment in an online labor market. Participants completed a real-effort typing task, a willingness- to-pay (WTP) task, and a self-reported loss aversion survey. Loss framing and left-digit manipulation had no statistically significant effects on effort, with no interaction effect, suggesting their influence on effort-supply may be overstated or highly heterogeneous. Despite null treatment effects, behaviorally elicited loss …

Two Essays In Development: Convergence And Technological Adoption, Jacob Campbell

All Dissertations

This dissertation is comprised of two essays in development economics, both related to conver gence either in outcomes (Chapter 1) or ultimate causes (Chapter 2).

Chapter 1:

This paper investigates the dynamics of productivity convergence across the United States from 1800 to 2020. Exploiting a novel historical dataset from Tamura et al. (2025), I examine β- and σ-convergence at both aggregate and sectoral levels for the entire history of the United States. I f ind a long-run trend toward convergence consistent with the conditions of an integrated national market with free mobility of labor and capital. However, the pace of …

National Center For Children In Poverty Releases 2025/2026 Tanf Cash Assistance Policy Series, Karen Chatfield, Sydney Elltringham

All Faculty and Staff Papers and Presentations

The National Center for Children in Poverty (NCCP) at Bank Street Graduate School of Education has released its 2025/2026 TANF Cash Assistance Policy Series to help support policymakers and advocates in strengthening these vital supports.

Civilian Mass Killings Perpetrated By Nonstate Actors: Data Trends And Theoretical And Empirical Risk Factors, Charles H. Anderton, Roxane A. Anderton

Economics

This article addresses two research questions: (1) What are recent trends in nonstate actor (NSA) civilian mass killings by country locations and perpetrator groups? and (2) What are risk factors for NSA civilian mass killings based on economic choice theory and large-sample empirical inquiry? We summarize recent data on mass killings perpetrated by various NSAs including rebel groups; political, territorial, and identity militias; and terrorist organizations. Following a review of the empirical NSA mass killing literature, we develop an economic choice model of a NSA's resource allocations to direct (military) fighting and to violence against civilians when in contestation with …

Investigating Household Non-Farm Enterprises In Nigeria: What Influences Their Survival And Function In The Face Of Droughts?, Anna Xochitl Settels Palacios

Economics Honors Projects

This paper examines whether household non-farm enterprises (NFEs) in Nigeria function as coping mechanisms during drought shocks. Using monthly panel data, climatic water balance measures, and survival, linear probability, and staggered difference-indifferences models, I find that drought exposure is associated with increased persistence in NFE activity, reflected in lower hazards of enterprise closure and reduced monthly exit probabilities. These findings suggest that NFEs may be used as a tool by agricultural households to cope with agricultural shocks by reallocating labor, smoothing income, and maintaining economic activity.

Information Aggregation In Decision Markets Under A Modified Hanson Market Maker, Leo Vershel

Behavioral and Computational Economics (MS) Theses

In this paper, we report the results of experiments where subjects participate in a prediction market utilizing the Hanson automated market maker. The key distinction of our environment when compared with previous studies in the prediction market space is in the introduction of a conditional market that allows subjects to make conscious decisions to infuence market outcomes, and thus it investigates the quality of the decisions made by the subjects as opposed to the accuracy of the market prices. Utilizing dispersed “not-state” information, we evaluate whether subjects can accurately infer true states and maximize organizational welfare. Our initial baseline results …

Exploring The Impact Of Poverty On Financial Literacy: The Role Of Parental Education In College Student Financial Behavior, Zoe Williams

Honors Theses

Many college students experience financial stress, yet financial hardship is often explained as a simple lack of financial knowledge. Recent research suggests that how students are socialized around money may matter just as much as what they know. In this study, I examined whether parental education, specifically first-generation college status, changes the relationship between household income and financial health among undergraduate students at a regional public university in the southeastern United States. Participants included 204 undergraduates recruited through the university research pool. Students reported household income (categorized as < $50,000 or >$50,000), first-generation status, and financial behaviors. Financial literacy was measured using an …

Multinational Investment Activity Under Policy Uncertainty In Host And Competing Countries, Daisoon Kim, Sunhyung Lee

Department of Economics Faculty Scholarship and Creative Works

This paper examines how economic policy uncertainty (EPU) in host and competing countries reshapes U.S. multinationals’ greenfield foreign direct investment (FDI). Using firm–destination level data from 2003 to 2021, we show that while host-country EPU deters investment, EPU in competing destinations attracts it through a spillover effect. We document a structural shift around 2015: as global EPU rose unevenly, the spillover effect from competitors became the dominant driver of investment decisions, supplanting the direct effect of host-country policy instability. Our findings indicate that in an era of heightened global uncertainty and risk, FDI allocation is governed by relative, not just …

The Goad, The Bad, & The Ugly: The Livestreamed Vice Signaling & Body Fascism Of Clavicular & Asmongold, Jacob T. Fry

Department of Communication Studies: Dissertations, Theses, and Student Research

This thesis explores the rhetorical, material, and symbolic implications of fascist livestreaming in the United States through two popular streamers: Clavicular and Asmongold. These two streamers represent a small slice of the rise of different reactionary rhetorics online and how the use of different masculine subcultures—in this case ‘Looksmaxxing’ or Gamer inspired rhetoric—are used as ideological texts for white male supremacy. Whether in front of the glow of their gaming monitor or the flashing lights of a nightclub, the livestreaming of the body, home, relationships, and lifestyles challenge rhetorical conceptions of style, the ‘public/private sphere,’ and political communication. As different …

Financial Overconfidence, Borrowing, And Life-Cycle Outcomes, Jessica B. Parkinson

All Graduate Reports and Creative Projects, Fall 2023 to Present

This paper studies the effects of overconfidence in a lifetime consumption and savings model that allows for debt accumulation. Overconfidence, a well-documented behavioral bias, leads individuals to hold distorted perceptions of the different interest rates that they face on their savings and on their borrowings. While existing life-cycle models with overconfidence abstract from debt, I introduce a spread between the interest rates on savings and on borrowings, where the overconfident individual forms distorted perceptions of this spread. To model the actual and the perceived spreads, a continuously differentiable logistic function is utilized, and these spreads are incorporated into a standard …

Gme As A Healthcare And Economic Driver In Southern Nevada, Tripp Umbach

Policy Briefs and Reports

In early 2025, the Nevada Health and Bioscience Corporation (NHBC) commissioned Tripp Umbach to conduct a comprehensive study examining the current state and future expansion of physician training and retention in Southern Nevada. The approach recommended in this report is rooted in strategic partnerships among medical institutions, proven funding approaches, and needed policy changes. Tripp Umbach, a nationally renowned private consultancy specializing in medical education expansion strategies, reviewed data, conducted interviews, and developed recommendations to expand GME, highlighting its profound economic impact in Southern Nevada.

Red, White, And Broke: A Call For Accountability In Government, Mary A. Scott

Honors Theses

This study examines the scale of waste, fraud, and abuse in U.S. federal spending. The purpose of this research is to clarify how fiscal management in the federal government is intended to operate versus how it actually functions. Using a combination of conceptual analysis, existing literature, case-based evidence, and data analysis, findings suggest that the persistence of oversight failures arises from weak implementation, limited enforcement authority of oversight bodies, and an emphasis on recovery rather than prevention practices. This study contributes to the broader discussion of public finance by providing an accessible framework to understand why the foundational federal principle …

The Effects Of Private Equity Ownership Of Acute Care Hospitals On Patient Experience, Abigail M. Huffman

Theses and Dissertations

In 10 years, private-equity firms' share of hospitals has grown from 2-3% to 8%.  Using data from two sources: the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) patient surveys and the Private Equity Stakeholder Project (PESP), I demonstrate a causal effect of private-equity ownership on patient satisfaction using difference-in-difference methods.

Initial Type Craft, Micah Angelus

Theses and Dissertations

What kinds of objects can still think when the self-contained aesthetic object can no longer be taken for granted? The historical ruptures that have placed painting under crisis have also brought into view the fallacy of artistic autonomy, raising questions about how value, contemplation, and meaning persist under conditions of deconstruction.

Effects Of Punitive Immigration Enforcement On The Health Of Latinos With Lower Educational Attainment, Andrea Sofia Mendoza

Theses and Dissertations

This paper analyzes the effects of the Secure Communities (SC) immigration enforcement program on self reported health and healthcare-seeking behaviors of citizen and non-citizen Latinos with lower educational attainment. SC allowed local jails to use FBI and DHS data to determine whether arrested individuals were eligible for deportation. SC was rolled out across counties from late 2008 through 2013. Using data from the Behavioral Risk Factors Surveillance Survey (BRFSS) and implementation records from Alsan and Yang (2024), staggered difference-in- difference regression estimates show that SC implementation increased the likelihood of a reported heart attack and heart disease across the sample. …

The Supply-Side Effects Of Air Pollution On Local Non-Polluting Industries, Erin Hyman

Theses and Dissertations

This paper examines the relationship between PM2.5 and the production of goods and services across industries using a county–industry panel (1999–2013). Fixed effects regressions show higher activity in manufacturing but relative declines in non-polluting sectors, suggesting pollution reflects production intensity and a reallocation toward polluting industries.

The Effect Of Inbound Tourism On Consumer Prices In Japan, Serenity E. Thompson

Theses and Dissertations

This paper uses monthly prefectural data to estimate the effect of inbound tourism on Japan’s consumer prices. Results indicate that a 10% increase in foreign overnight stays is associated with a 0.01% increase in capital city prices. The paper discusses localized dual pricing as a response to these price pressures.

The Effect Of Prenatal Substance Use Policies On Women's Well-Being, Zukruf Alam

Theses and Dissertations

This paper examines the effects of punitive and priority treatment policies relating to the use of illicit substances during pregnancy on women's health and health-related behavior. Punitive interventions criminalize substance use during pregnancy, which can even lead to termination of parental rights. In contrast, priority treatment policies support pregnant women and grant them priority access to substance use disorder treatment programs. I use staggered difference-in-differences methods and data from the Behavioral Risk Factor Surveillance System data from 2004 to 2018 to estimate the impact of prenatal substance use policies on women's mental health, physical health, self-reported poor health, and cigarette …