American Economist

Publishes graduate and undergraduate student essays and articles on all areas of economics research. The essays cover current developments in pure and applied economics. This is the official journal of Omicron Delta Epsilon, the international honor societ

Articles from Vol. 57, No. 2, Fall

An Investigation of Underwriting Fees for Asset-Backed Securities
I. Introduction One of the largest financial markets is the market for asset-backed securities (ABS). Despite the growth and size of the market, no research has been done, to our knowledge, on underwriting fees in this market. The topic of underwriting...
Do Changes in Condom Availability Affect Short-Term Fertility? Evidence from Rwanda
I. Introduction Family planning programs with the goal of improving the availability of contraceptive methods have played a key role in development agendas since the mid-1900's. However, scholars and policymakers alike have frequently questioned...
Optimal Pricing for Voice Mail Services: A Comment
I. Introduction In a recent issue of this Journal, Spiegel and Tavor (2011) explore the issue of optimal pricing for voice mail services. The pricing of telecommunication services differs from many of the standard goods and services studied by microeconomists...
Pensions, Taxes and the Budgetary Process
I. Introduction I appreciate the high honor of receiving the John R. Commons award, and take great pleasure in joining the list of very distinguished past winners. 1978 saw the publication of The Structure and Reform of Direct Taxation, the report...
Race, Trust in Government, and Self-Employment
I. Introduction As a form of social capital, trust can be defined as the willingness to permit the future decisions of others to influence your welfare (Sobel 2002). (1) The absence of trust can inhibit the level of economic activity in an economy,...
Recursive Cointegration Analysis of Purchasing Power Parity: An Application to Asian Countries
I. Introduction Since the seminal work of Gustav Cassel during and after World War I, the theory of purchasing power parity (PPP) has been one of the most widely researched and probably one of the most controversial theories in international economics....
Social Protection and Economic Growth
I. Introduction The economic literature has many studies on the causes of economic growth. These studies run the gamut from exports, to corruption, to foreign direct investment, to ethnic fragmentation, to foreign aid, and to political institutions...
The Effects of Alcohol Use on High School Absenteeism
I. Introduction In many health-related and social science fields, there has long been concern about the various harmful effects of alcohol use. A significant consequence of alcohol use is the potential reduction in human capital accumulation by...
The Equation of Exchange: A Derivation
Introduction 2011 marks just over one hundred years since Irving Fisher (1911) published the now famous, "Equation of Exchange." During this span of time, many economists have built and tested models and suggested policy implications based on the...
The Next Convergence: The Future of Economic Growth in a Multispeed World
The Next Convergence: The Future of Economic Growth in a Multispeed World, by Michael Spence, New York, NY: Farrar, Straus & Giroux, 2011. In The Next Convergence, Nobel Laureate in Economics Michael Spence paints a fascinating story of accelerating...