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Author Archives: Dwayne Russell
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 […]
The Effects of Pharmaceutical Price Regulation on Probability of Patenting in OECD Countries
by Rachel Korn Abstract The introduction of parallel trade mechanisms allowing for the free trade of pharmaceutical goods in the European Economic Area represents a significant departure from the standard monopolistic competition pricing structure in the pharmaceutical market, in which firms have a great deal of control over pricing. Another mechanism, external reference pricing, also […]
Analysis of Brain Diagnoses and the Incidence of Chronic Traumatic Encephalopathy (CTE)
by Arjun Lakhanpal Abstract Chronic traumatic encephalopathy (CTE) has become a significant area of scientific inquiry in relation to various sports with contact exposure, specifically boxing and professional football, resulting from many individuals who participated in these sports being diagnosed with CTE neuropathology after death. This paper contributes to the CTE literature by analyzing the […]
Myocardial Infarction, Health Behavior, and the Grossman Model
by Emma Mehlhop Abstract This paper contributes an empirical test of Michael Grossman’s model of the demand for health and a novel application of the model to myocardial infarction (MI) incidence. Using data from the University of Michigan’s Health and Retirement Study (HRS), I test Grossman’s assumptions regarding the effects of hourly wage, sex, educational […]
