{"title":"Applying Normative Ethics to Teach Economic Concepts: A Proposal","authors":"David McClough","doi":"10.1177/05694345241260376","DOIUrl":"https://doi.org/10.1177/05694345241260376","url":null,"abstract":"Economics is not a value neutral discipline. Teaching economics as a positive social science ignores the intrinsic normative origin and spirit of the discipline. Acknowledging the socio-political challenges inherit in economic decisions contextualizes the presentation of economic, which contributes to student understanding of economics as an academic discipline and informs student civic engagement. This essay applies normative concepts to a variety of economic topics.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141927217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Leveraging Peer Resources to Promote Undergraduate Education and Well-being","authors":"Smita Brunnermeier","doi":"10.1177/05694345241263587","DOIUrl":"https://doi.org/10.1177/05694345241263587","url":null,"abstract":"Princeton University is a private research university with approximately 250–280 juniors and seniors majoring in economics. In the past decade, the university has made significant strides in expanding and diversifying its undergraduate student body by admitting more students overall as well as by admitting more first-generation, minority, transfer, and international students. With this expansion comes the responsibility to build community and broaden access to valuable social and knowledge capital to help all students thrive in their academic and post-graduation careers. Traditionally, there has been an uneven playing field in access to such capital, with insiders passing academic, career, and social advice to younger students in restricted access circles like athletic teams, eating clubs, student organizations, and fraternities. This paper describes university, economics department, and student-led efforts to foster peer mentorship more broadly to promote the academic and social well-being of all students.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141815936","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Book review: For a Dollar and a Dream: State Lotteries in Modern America","authors":"Douglas M. Walker","doi":"10.1177/05694345241266677","DOIUrl":"https://doi.org/10.1177/05694345241266677","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141827230","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Learning From a Laureate: Dr. Vernon L. Smith","authors":"Abel Winn","doi":"10.1177/05694345241260257","DOIUrl":"https://doi.org/10.1177/05694345241260257","url":null,"abstract":"In this article, Abel Winn reflects on his experiences as a student and colleague of Nobel laureate Vernon L. Smith.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141341628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Undergraduate Economics Program Enhancements to Increase Doctoral Program Participation by Under-Represented Students","authors":"David Mitch","doi":"10.1177/05694345241261672","DOIUrl":"https://doi.org/10.1177/05694345241261672","url":null,"abstract":"The economics profession as with STEM (Science, Technology, Engineering, and Mathematics) disciplines has recognized that it faces a “pipeline” problem of low numbers of under-represented minorities (URM) completing PhDs. The ancillary described in this article addresses the economics pipeline problem by using strategies modeled after University of Maryland Baltimore County’s (UMBC’s) STEM focused Meyerhoff Scholars program. These strategies include identifying URM students in early stages of their undergraduate careers with the ability and motivation to pursue graduate work, providing information about career opportunities for those completing PhDs, guidance on course selection and on undergraduate research opportunities. UMBC’s Predoctoral Fellows in Economics Program prepares students for successful admission into well-regarded PhD programs by enhancing their likelihood of successful applications to predoctoral programs in economics. URM undergraduates who maintain strong grades in mathematics, statistics, and economics and who engage in productive undergraduate research experiences and produce high-quality research output should find exciting predoctoral, doctoral and career opportunities. JEL Classifications: A11, A22","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141350325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Decomposition Analysis of Racial Income Inequality in the United States","authors":"R. Manzoor, Wayne B. Gray","doi":"10.1177/05694345241256631","DOIUrl":"https://doi.org/10.1177/05694345241256631","url":null,"abstract":"This study examines income inequality across races in the United States between 2000 and 2019. It empirically investigates the relationship between income and race controlling for variables such as age, education, gender, marital, and citizenship status. The analysis begins with multiple regression models that identify the importance of different factors in determining income. A Blinder–Oaxaca decomposition reveals which factors contribute to the racial gaps in income and how these components vary in importance when comparing other races to Whites. Multiple regression results identify a statistically significant gap in income between Blacks, Hispanics, and Asians relative to Whites. The Blinder–Oaxaca decomposition results reveal the greatest contributor to the income gap for Blacks is the coefficient effect (a pure group effect). For Hispanics and Asians, a greater contributor is the endowment effect, based on characteristics such as education and immigration. Unlike other groups, the overall contribution of endowments to White-Asian income disparity is in favor of Asians. There is a need to adopt multifaceted policies that target those differences across racial groups: reducing systemic discrimination for Blacks, providing market valued skills and better education opportunities for Hispanics and advancing immigration reforms for Asians.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141369153","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Publicly Subsidized Childcare and the Labor Force Participation Rates of Men and Women: Evidence From OECD","authors":"B. Adrangi, Krisztian Jeszenszki","doi":"10.1177/05694345241256454","DOIUrl":"https://doi.org/10.1177/05694345241256454","url":null,"abstract":"This paper investigates the association between public spending on childcare and the labor force participation rates of both women and men, considering both full-time and part-time employment in Organization for Economic Cooperation and Development (OECD) countries. We include both genders in the study to reveal the potential imbalances in the impact of the public childcare expenditure on the labor market across gender lines. The findings of this paper align with previous research, indicating that policies promoting part-time work and parental leave benefits increase part-time employment for both females and males. The results highlight that publicly subsidized childcare, when combined with other family-friendly programs, represents an effective policy approach for promoting male and female employment in potentially high-skilled positions.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141374721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Factors Associated With Economics Course Performance at a Large Associate Degree-Granting Institution","authors":"David Mahon","doi":"10.1177/05694345241256668","DOIUrl":"https://doi.org/10.1177/05694345241256668","url":null,"abstract":"Economics courses are often offered at community colleges and other institutions that primarily confer associate degrees. Despite this, little research has been conducted on performance in economics courses focusing on students attending these institutions. I use multinomial logistic models to determine which factors are related to performance in both introductory macroeconomics and introductory microeconomics at a large institution that primarily confers associate degrees and finds several factors associated with performance in these courses. Among the findings are that citizenship status, foreign-born status, and gender are associated with academic performance in economics courses as noncitizens, foreign-born, and male students outperform their citizen, U.S.-born, and female counterparts in certain circumstances. Additional results show that in-person classes are associated with higher pass rates and lower withdrawal rates.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141386957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Book Review: Sebastian Edwards, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism","authors":"Jesse Hingson","doi":"10.1177/05694345241249258","DOIUrl":"https://doi.org/10.1177/05694345241249258","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140654750","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Recognizing Chapter Advisors for 20, 30, and 40 Years of Service","authors":"","doi":"10.1177/05694345241229291","DOIUrl":"https://doi.org/10.1177/05694345241229291","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139611968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}