Previous research has studied the effects of welfare payments under the Aid to Families with Dependent Children (AFDC) program on incentives and behavior. By lowering the cost of raising children, states with larger welfare payments have higher rates of fertility among poor women, an adverse...

A dramatic decline in newspaper consumption has been observed in recent years. This paper offers a theoretical justification for this phenomenon based on the opportunity cost of household time. A rising labor force participation rate, which proxies the opportunity cost of household production,...

Business students often have difficulty integrating economics reasoning into other business disciplines because of differences in the format and presentation of financial data across disciplines. Economics courses use one format while Accounting and other business courses use another. This paper...

This article mainly examines the effect(s) of legal drug misuse on work absenteeism, which has a connecting influence to work productivity. Also, the analysis compares the effects of legal drug use (e.g., tranquilizers) on work absences to that of a commonly used, but illegal drug, marijuana....

Utilizing an established economic framework grounded in Becker's (1981) path-breaking analysis of altruism and envy within the family, this paper explores the determinants of hate crimes, also known as bias-motivated crimes. Making use of a unique data set on hate crimes compiled by the FBI, we...

Faculty salaries at American educational institutions are often assumed to be lower in the South than in the non-South. This paper presents a model inclusive of faculty and job characteristics for estimating the regional differential at community colleges (local markets) and at institutions...

This study examines the potential benefits of social networks through the development of high school football players into big-time collegiate football stars. Many of these young men have spent 17 or 18 years surrounded and supported by family members, friends, and religious and civic...

The two basic models used for constructing price indexes for durable assets (such us real estate assets) have been the hedonic and repeated sales models. Case and Quigley (1991)-CQ proposed a generalized least squares (GLS) procedure to estimate a combined (single and repeated sales information)...

In this paper, we conduct a set of Monte Carlo sampling experiments to examine the effect of design characteristics on the inequality restricted maximum entropy (RME) estimator. We generate data under varying design characteristics, and estimate the parameters using maximum entropy and least...

The effects of including different kinds of prior information in estimation of the probit model is examined within the framework of Bayesian inference. Of interest is the effect on posterior information for coefficients, probabilities and elasticities. In a model designed to explain choice...