Tag: Blog

Blog, Immigration, International, Labor

BLOG: Unemployment, Refugees, Asylum Seekers, and the 2008 Financial Crisis – An Analysis using Structural VAR and Dynamic Panel Models

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Sarah von Bargen, Columbia University -- This paper analyzes the relationships between refugee and asylum seeker flows, unemployment rates, and suicide rates using both structural vector autoregression and dynamic panel models. Specifically, structural VAR is initially used for analyzing data from 1980-2018 in the United States, and a random effects dynamic panel model is utilized for analyzing post-2008 financial crisis data of these four variables in the United States, France, and the United Kingdom.

Behavioral, Blog, Microeconomics

BLOG: The Decoy Effect and Risk Aversion

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By Ryan Pak, New York University Stern School of Business -- The decoy effect arises when a firm offers a product that is clearly inferior to another product in order to drive sales of the latter. This phenomenon has been displayed experimentally in many different situations, but remains understudied theoretically. We develop a model of almost rational consumer choice, with a single behavioral tendency — regret aversion.

Uncategorized

BLOG: Analyzing the Effects of Unemployment on Political Polarization in New York State

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By Mohammed Al-Khulaifi, Georgetown University School of Foreign Service -- In this empirical research I attempt to investigate possible causation between the level of unemployment and the level of political polarization in New York State by county. I hypothesize that the increase in unemployment will lead to higher levels of political polarization following the intuition of political fanaticism grounded on economic distress.

Blog, Energy

BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program

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By Aidan Acosta, Middlebury College -- Cap-and-trade has been shown by previous studies to be at least as effective as prescriptive regulation at reducing air pollution. However, regulators must ensure that the dispersion of emissions that is dictated by the market is environmentally just in order for cap-and-trade to be a viable solution.