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doi: 10.1177/05694345211054515pmid: N/A
Cruise tourism is the fastest-growing branch of the tourism sector, and many have turned to it as a development strategy despite little systematic evidence of its equilibrium effects. I match 10.6 million automatic identification system (AIS) locations from 517 cruise ships arriving in 265 port destinations to 355,463 Demographic and Health Survey (DHS) women’s surveys in 23 countries to estimate cruise tourism’s relationship with women’s labor market participation and educational attainment. Using fixed effects to identify changes in tourism over time, I estimate that doubling cruise ship arrivals is associated with a 4.9-percentage point increase in labor participation and one-quarter more years of education. These results would be consistent with port cities offering more job opportunities for older women and increased opportunity and available income for education, possibly in anticipation of improved employment prospects.JEL Classifications: D50, I00, J21, O12, Z32
doi: 10.1177/05694345211054212pmid: N/A
This is an exploratory study that examines the effect of social information on gender differences in selection into a winner-take-all tournament, using a simple addition task. Participants perform this task in multiple rounds and then select into a competitive or non-competitive pay scheme. Prior to choosing payment schemes, participants are shown selected results about average performance and choices in a similar experiment. I find that the inclusion of social information eliminates any extant gender gap in competitive choices in every treatment. The reduction in the gender gap is not due to greater efficiency of choices by men or women, even though inefficient choices by low-performing individuals are mostly eliminated. Rather, the inclusion of feedback causes men and women to select into a competitive pay scheme in a similar manner, thereby removing the gender gap. Despite these results, the complexity of the social information intervention used leaves some results unexplained.JEL Classifications: C9, J2, J16.
doi: 10.1177/05694345211019714pmid: N/A
Governments introduce various policies intending to improve the overall economy or to influence individual behavior. However, estimating the causal impact of these policies is challenging. I describe how the Synthetic Control Method (SCM) can be used in undergraduate econometrics or capstone courses to estimate the impact of economic policies. The SCM is a data-driven design that provides a systematic way of constructing a comparison group that looks very similar to the group implementing the policy. Thus, it allows us to estimate the policy’s impact by comparing the outcome variable’s post-policy path between the policy group and the comparison group. I review a broad range of policies and events that are analyzed using this method, briefly describe the theory behind the method, discuss various best practices, and provide a step-by-step implementation guide using the adoption of a value-added tax (VAT) by France as an example.JEL Classifications: C01, A1, A2
doi: 10.1177/05694345211019712pmid: N/A
Henry A. Wallace challenged the bipartisan foreign policy of President Truman in 1948. The Progressive Citizens of America opposed Truman’s “get-tough policy” (the Truman Doctrine, loyalty investigations, Universal Military Training, and the Marshall Plan) and founded the Progressive Party. Other “liberals” formed Americans for Democratic Action and supported Truman, who claimed that the Progressive Party was a Soviet construction. Wallace refused to participate in segregated meetings during his campaign in the South and was violently attacked. He advocated the need for federal measures to prohibit segregation, discrimination, the poll tax, and lynching. Wallace was resoundingly defeated but proved right in the long run: military means could not solve social problems. Instead, it spread hatred of the United States in many countries. The 1948 election determined U.S. foreign policy for over 50 years, resulting in missed opportunities to improve housing, education, and social security at home, which still has repercussions today.JEL Classifications: N42, F50
Price, Gregory N.; Surprenant, Chris W.
doi: 10.1177/05694345211016310pmid: N/A
Strengthening the pathway to entrepreneurship for high school students could be important in regions of the United States where economic mobility is low. We examine the impact of high school business education on the decision to be a self-employed entrepreneur in two southeastern urban U.S. high schools. We appeal to a potential-outcomes framework to estimate the treatment effect of having taken a business and coding/programming course in high school on actually being a self-employed entrepreneur, and planning to do so in the future. We find evidence that having taken a business course in high school increases the likelihood of actually being a self-employed entrepreneur, and on planning to be one in the future. Our results suggest that, at least in Atlanta and New Orleans, urban high school business education can be effective in increasing the supply of entrepreneurs, which could improve economic mobility in these urban regions.JEL Classification: C14, C21, E10, I26, J01, J20, J40, M13
doi: 10.1177/05694345211049536pmid: N/A
In 2016, Hurricane Matthew caused approximately 10 billion dollars of damage in the United States and nearly 350 million dollars in South Carolina. The historic rainfall damaged or completely destroyed roads, bridges, buildings, crops, and dams. This paper documents how one small lakefront community in eastern South Carolina formed a de facto Buchanan Club to fund the reconstruction of a dam destroyed by Matthew and restore a small lake, an exemplary club good. This private response was needed because both the Federal and State governments declined public assistance. In the end and roughly approximately two years after Matthew, the dam was repaired and the lake refilled with the rainfall of Hurricane Florence.JEL Classifications: H00, H41, H89
doi: 10.1177/05694345211027821pmid: N/A
Many colleges and universities have put in place some form of freshman or first-year experience. This article suggests the use of a course in behavioral economics when the first-year experience has an academic basis and demonstrates how such a course can assist in the achievement of acculturation goals as well as help diagnose areas of strength and weakness in academic preparedness.JEL Classifications: A20, A22, D90, D91
doi: 10.1177/05694345211019721pmid: N/A
This note presents a simple graphical approach for deriving the profit maximizing two-part tariff when there are two types of consumers in the market. The exposition covers both the case in which a monopoly can offer only one two-part tariff plan and the case in which the monopoly can offer two different plans.JEL Classification: D4
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