Written by Levi Giles and Varad Chapalgaonkar Introduction The Inflation Reduction Act of 2022 (IRA) is a piece of infrastructure and fiscal legislation designed to reduce inflation and curb the national deficit. The act broadly touches on aspects of President Biden’s policy agenda such as prescription medication costs, and the topic of this review: a…
Category: Research
Defining a Prohibition Paradox (Working Paper)
Written by Luka Todorovic Introduction In the 1920’s, the United States went through a period of time known as Prohibition, where the passage of the 18th Amendment banned the manufacture and sale of alcohol in the U.S. (Olson & Gerstein, 1985). Though passed as the result of a larger temperance movement to attempt to get…
An Algebraic Presentation of Market Structure
Written by Amer Goel
Changes in the U.S. Distribution of Wealth: Post-COVID-19 Pandemic (Literature Review)
By Naomi Alexander
Bioeconomics: Cyclical Equilibrium in a Sequential-Game Ecosystem
By Amer Goel
The Relationship between Socioeconomic Status and Literacy: How Literacy is Influenced by and Influences SES
By Maren Blanchard ABSTRACT Literacy levels in children have strong implications for future employment opportunities and level of SES. In this research article, we evaluate literature regarding one’s level of literacy and socioeconomic status (SES) to find how literacy influences SES and how SES influences literacy. In this context, SES is measured by level of…
Minimum Wage, Fairness, and Worker Productivity
Written by Vanessa Wu Abstract: Will a minimum wage affect worker productivity? If there does exist an effect, will it be the same for high-wage and low-wage workers? In this paper, I develop a theoretical framework to demonstrate how the effect of a minimum wage on worker productivity can be transmitted via two channels: (a)…
Gains from Independence: Were the 13 Colonies Better off Under British Rule?
he American Revolution holds a prominent place in the American psyche and consequently has been a subject of debate and inquiry.However, like any other revolution, American Revolution was not a sudden spark, but more so the cumulative result of a vast complex of socio-economic and political forces, lying dormant and accumulating behind the scenes. This paper argues that the combination of direct and indirect costs incurred in order to gain independence were overshadowed the gains from independence, making the colonists better off being a part of the British Empire in the short run.
The Effects of language Spoken at Home on 5th Grade Test Scores: How the Effects of Speaking English at Home Scale by Educational Attainment of the Mother
Written by Alp Doğan Yel, Roy Lahood, Nicholas Hariskos, and Shiyi Chen I. Introduction With 44% of US college students in four-year colleges failing to receive their degree before their sixth year[1], identifying learning difficulties at an early age helps to discern systemic and individual issues with the current K-12 education in the United States.…