The Russian Maternity Capital Policy: Two Models
by Jackson Cooksey Abstract Between 1991 and 2007 the Russian Federation experienced a decrease in population and a drop in total fertility rate below population replacement levels. In 2007 the government, citing the importance of forestalling this decline, implemented the Russian Maternity Capital Policy, a one-time subsidy to those families who have a second or […]
Corporate Governance in State-Owned and Privately-Owned Enterprises
by Despoina Chouliara Abstract In this paper I examine the principal/agency relationship in corporate governance and introduce it in a steady state growth model. More specifically, I will model a profit-maximizing privately-owned enterprise and a series of state-owned enterprises with varying economic goals. I will use the insights of agency theory to revisit the debate […]
Economic Situations and Social Distance: Taxation and Donation
by Alexander Brandt Abstract: This experimental study evaluated the effects of two common economic situations – taxation and donation – on the social distance between participants in the situations, an original effect of interest that is the opposite of prior research. This study employed a novel survey framework, in which subjects gave money to others […]
Is Affordable Housing Moving Mobile? Analyzing the Impact of COVID-19 on Demand for Manufactured Housing
by Jair Coleridge Soman Alleyne Abstract As demand for affordable housing continues to increase in America, manufactured homes provide a private solution to this problem. Research has shown that manufactured home prices are largely dependent on the price of local housing substitutes as well as other geographic hedonic factors. This paper looks at the impact […]
Labor Market Effects of the Minimum Wage in South Korea
by Alec Ashforth Abstract This paper analyzes survey data from businesses regarding individual worker earnings, hours, and characteristics from 1971 to 1998 in order to estimate the labor market effects of the minimum wage in South Korea. Since the minimum wage was only implemented in manufacturing, construction, and mining industries, we are able to compare […]
Forecasting the Effects of Battery Recycling on the Global Cobalt Market
by Elena Cavallero Abstract This paper addresses existing concerns around a potential cobalt supply shortage driven by lithium-ion battery demand. Using econometric simultaneous equations, historical global cobalt supply and demand are estimated using data from 1981 to 2018. Based on the results of a Three-Stage Least Square estimation model of global supply and demand, this […]
Bang for Your (Green) Buck: The Effects of ESG Risk on US M&A Performance
by Richard Chen Abstract Mergers & Acquisitions (M&A) is a fundamental corporate activity that has not received much attention from an environmental, social, and governance (ESG) perspective. In this paper, I analyze how buyer and target ESG risks affect US M&A performance in both the short and long run as measured by deal valuations and […]
The Impact of Conflict on Economic Activity: Night Lights and the Bosnian Civil War
by Stephanie Dodd Abstract The tendency of violent conflict to suppress economic activity is well documented in the civil war economic literature. However, differential consequences resulting from distinct characteristics of conflicts have not been rigorously studied. Utilizing new conflict data on the 1992-1995 Bosnian civil war from Becker, Devine, Dogo, and Margolin (2018) and DSMP-OLS […]
Predicting the Work Task Replacement Effects of the Adoption of Machine Learning Technology
by Shreya Hurli Abstract This paper develops a methodology to attempt to predict which tasks in the workforce will be resistant to the replacement of labor by machine learning technology in the near future given current technology and technology adoption trends. Tasks are individual activities completed as parts of a job. Prior research in the […]
Closing the Digital Divide: Evaluation of FCC’s Connect America Fund
by Yurong Jiang Abstract The still-unfolding IT revolution is a key driver for the remarkable performance of the U.S. economy since the 1990s. Getting on the rising tide requires a high-speed internet connection. The COVID-19 pandemic has further intensified the existing digital divide by driving most essential activities online. 18 million Americans that lack high-speed […]
