Economics
https://hdl.handle.net/1808/291
2024-03-28T19:30:49ZThe macroeconomic implications of deficit financing under present bias
https://hdl.handle.net/1808/34709
The macroeconomic implications of deficit financing under present bias
Kim, Eungsik; Lee, Donghyun
We examine how present bias affects deficit, inflation, and welfare in an economy where the deficit is funded by a seigniorage tax. In a hyperbolic discounting economy, reduced money holdings due to the desire for immediate consumption cause a decline in the sustainable deficit limit. To meet the targeted deficit, the government must raise seigniorage tax collection, especially with present bias. This results in increased inflation rates and higher welfare costs associated with the deficit for hyperbolic discounting individuals.
2023-06-30T00:00:00ZTexas Senate Bill 8 significantly reduced travel to abortion clinics in Texas
https://hdl.handle.net/1808/34259
Texas Senate Bill 8 significantly reduced travel to abortion clinics in Texas
Andersen, Martin S.; Marsicano, Christopher; Pineda Torres, Mayra; Slusky, David
The Dobbs v. Jackson decision by the United States Supreme Court has rescinded the constitutional guarantee of abortion across the United States. As a result, at least 13 states have banned abortion access with unknown effects. Using “Texas” SB8 law that similarly restricted abortions in Texas, we provide insight into how individuals respond to these restrictions using aggregated and anonymized human mobility data. We find that “Texas” SB 8 law reduced mobility near abortion clinics in Texas by people who live in Texas and those who live outside the state. We also find that mobility from Texas to abortion clinics in other states increased, with notable increases in Missouri and Arkansas, two states that subsequently enacted post-Dobbs bans. These results highlight the importance of out-of-state abortion services for women living in highly restrictive states.
2023-03-20T00:00:00ZTime-delay control for stabilization of the Shapovalov mid-size firm model
https://hdl.handle.net/1808/33359
Time-delay control for stabilization of the Shapovalov mid-size firm model
Alexeeva, T.A.; Barnett, W.A.; Kuznetsov, N.V.; Mokaev, T.N.
Control and stabilization of irregular and unstable behavior of dynamic systems (including chaotic processes) are interdisciplinary problems of interest to a variety of scientific fields and applications. Using the control methods allows improvements in forecasting the dynamics of unstable economic processes and offers opportunities for governments, central banks, and other policy makers to modify the behaviour of the economic system to achieve its best performance. One effective method for control of chaos and computation of unstable periodic orbits (UPOs) is the unstable delay feedback control (UDFC) approach, suggested by K. Pyragas. This paper proposes the application of the Pyragas’ method within framework of economic models. We consider this method through the example of the Shapovalov model, by describing the dynamics of a mid-size firm. The results demonstrate that suppressing chaos is capable in the Shapovalov model, using the UDFC method.
2021-04-14T00:00:00ZDoes Science Discriminate against Women? Evidence from Academia, 1973–97
https://hdl.handle.net/1808/33107
Does Science Discriminate against Women? Evidence from Academia, 1973–97
Ginther, Donna K.
This study uses data from the Survey of Doctorate Recipients to evaluate differences in employment outcomes for academic scientists by gender. A decomposition of estimated salary differences shows that over time, gender salary differences can partly be explained by differences in observable characteristics for faculty at the assistant and associate ranks. Substantial gender salary differences for full professors are not explained by observable characteristics. Probit and duration model estimates indicate gender differences in the probability of promotion, making it less likely for women to be promoted to tenure. Between 1973 and 1997, very little changed in terms of gender salary and promotion differences for academics in science. After evaluating potential explanations, the author concludes that gender discrimination similar to that observed at the Massachusetts Institute of Technology accounts for unexplained gender disparities.
2001-02-01T00:00:00Z