Kyle Feinstein, Stanford University -- Raising the national minimum wage by 107% to $15 per hour would increase the wages of many jobs, particularly in rural communities where some employers have monopsony power. However, a minimum wage of $15 per hour would also contribute to unemployment, widen disparities in the labor market, and reduce the hours worked for small businesses. Because of these effects, it may be necessary to consider the alternative policies of setting the minimum wage as a percentage of a city’s average cost of living and expanding the Earned Income Tax Credit to assist low-income earners.
Our Summer 2021 Issue
On behalf of the Comparative Advantage Editorial Board, we are pleased to present the ninth volume, summer issue, of Stanford University's undergraduate economics journal. This volume presents undergraduate work on a wide variety of topics, including environmental economics, political economy, and labor economics. Furthermore, as the COVID-19 pandemic continues to exact a toll on individuals… Continue reading Our Summer 2021 Issue
BLOG: Unemployment, Refugees, Asylum Seekers, and the 2008 Financial Crisis – An Analysis using Structural VAR and Dynamic Panel Models
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.
BLOG: Analyzing the Effects of Unemployment on Political Polarization in New York State
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.
Housing Demand and Labor Supply: The 1962 Algerian Repatriates to France
By Olivia Briffault. Yale University.
A surprising finding in analyses of the effects of immigration is that immigrants generally have a limited effect on local labor market outcomes. One reason that has been hypothesized is that immigration generates...
How Does Technology Affect Skill Demand? Technical Changes and Capital-Skill Complementarity in the 21st Century
By Yifan (Eva) Gong. Macalester College.
This paper attempts to examine technology's impact on the labor market through the lens of skilled labor. Technical changes in the late 20th century are skill-biased...
The Veil of Communism: An Analysis of Lifespan, GDP per Capita, Human Capital, and Agricultural Productivity in Eastern Europe
By Matei Dăian. Stanford University.
There is a clear economic difference between the more economically-developed Western Europe and their poorer counterparts in Eastern Europe...