95th Annual Conference | Denver 2020 - WEAI | Home · Ching-Yang Lin, International University of Japan Sourik Banerjee, University of Nevada - Reno Ronald L. Tracy, Oakland University

4/8/2020 (subject to change) * indicates paper presenter | [#] indicates session number Page 1

95th Annual Conference | June 26-30, 2020 | Denver Grand Hyatt, Colorado

PRELIMINARY PROGRAM

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Participating Allied Societies AEDSB ...... Association for Economic and Development Studies of

Bangladesh AERE ........ Association of Environmental and Resource Economists ASE ........... Association for Social Economics ASHE ........ American Society of Hispanic Economists Clio ........... Cliometric Society CSWEP ..... AEA Committee on the Status of Women in the

Economics Profession CSMGEP ... AEA Committee on the Status of Minority Groups in the

Economics Profession EHA .......... Economic History Association ENSA ........ Economics of National Security Association ESA ........... Economic Science Association IBEFA ....... International Banking, Economics and Finance

Association ISQOLS ..... International Society for Quality-of-Life Studies KAEA ....... The Korea-America Economic Association KIFA .......... Korea International Finance Association MEEA ....... Middle East Economic Association NAASE ..... North American Association of Sports Economists NAFE ........ National Association of Forensic Economics SABE ........ Society for the Advancement of Behavioral Economics TPUG ........ Transportation and Public Utilities Group

[1] Friday, June 26 @ 12:30 PM–2:15 PM Volunteer Individual TECHNOLOGY AND SPILLOVER Chair: Xiao Kui Xi, Guangdong University of Foreign Studies Papers: The Olympic effect: legal families matter

Davide Arioldi*, USI Lugano - Università Svizzera Italiana, and Rico Maggi, University of Lugano

Some Speculation about Speculation Geoffrey T. Andron*, Austin Community College

Technology Use, Performance and Profitability in the South Asian Banking Sector: Partial Least Squares Analysis

Piyadasa Edirisuriya*, Monash University Impact of International Technology Spillovers on Emerging Economies’ Export Technological Structure

Xiao Kui Xi*, Guangdong University of Foreign Studies Discussants: Geoffrey T. Andron, Austin Community College Piyadasa Edirisuriya, Monash University Xiao Kui Xi, Guangdong University of Foreign Studies [2] Friday, June 26 @ 12:30 PM–2:15 PM Individually Organized: Defense DEFENSE ECONOMICS: MAINTENANCE AND INFRASTRUCTURE Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Obaid Younossi, RAND Corporation Papers: Trends in U.S. Air Force Mishap Rates

Thomas Light*, RAND Corporation, Tom Hamilton, RAND Corporation, and Spencer Pfeifer, RAND Corporation

Air Force Service Life Extension Programs

Edward G. Keating*, Congressional Budget Office Detecting and Managing Risks to Army Installations from Near Peer Adversaries

Elvira Loredo*, RAND Corporation Improving the Allocation and Execution of Army Facility Sustainment Funding

Ellen M. Pint*, RAND Corporation, Beth Lachman, RAND Corporation, Katherine Anania, RAND Corporation, and Connor Jackson, RAND Corporation

Discussants: Raymond E. Franck Jr., Naval Postgraduate School (Emeritus) Nicholas Martin, RAND Corporation R. Derek Trunkey, Congressional Budget Office Carol S. Moore, Office of the Secretary of Defense [3] Friday, June 26 @ 12:30 PM–2:15 PM Individually Organized: Defense DEFENSE ECONOMICS: RELATIONSHIP BETWEEN PERSONNEL FACTORS AND READINESS Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Julie A. Pechacek, Institute for Defense Analyses Papers: Assessing the Impact of Full-Time Support Personnel on ARNG Aircraft Readiness

Michael R. Guggisberg*, Institute for Defense Analyses, Julie A. Pechacek, Institute for Defense Analyses, Joseph King, Institute for Defense Analyses, Nate Latshaw, Institute for Defense Analyses, Chris Sampah, Institute for Defense Analyses, Minerva Song, Institute for Defense Analyses, and John Dennis, Institute for Defense Analyses

Dads on Duty: Childbirth and Job Performance of Fathers in the U.S. Marine Corps

Michael Larson*, Naval Postgraduate School, Olivia Healy, Urban Institute, and Jennifer A. Heissel, Naval Postgraduate School

Motherhood, Paid Parental Leave, and Job Performance: Evidence from Changes in the Department of Defense

Jennifer A. Heissel*, Naval Postgraduate School, and Olivia Healy, Urban Institute

The Implications of Extending Tour Length Susan L. Rose*, Institute for Defense Analyses

Discussants: Obaid Younossi, RAND Corporation Lauren Malone, CNA Corporation Daniel M. Leeds, CNA Corporation Kyle Neering, CNA Corporation [4] Friday, June 26 @ 12:30 PM–2:15 PM Individually Organized MACROECONOMICS OF THE LABOR MARKET Organizer: Jessie Wang, Furman University Chair: Jessie Wang, Furman University Papers: Skilled Immigration, Offshoring, and Trade

Mishita Mehra*, Grinnell College, and Daisoon Kim, North Carolina State University

When Do Workers Prefer Open Boarders? Kristina A. Sargent*, Middlebury College


Elderly Care in an Aging Population and Female Labor Market Decisions

Jessie Wang*, Furman University, and Laura Youderian, Xavier University

Evolving Occupational Task Content: Evidence from Job Ads Text Data

Manisha Goel*, Pomona College Discussants: Kristina A. Sargent, Middlebury College Manisha Goel, Pomona College Mishita Mehra, Grinnell College Andrew Jalil, Occidental College [5] Friday, June 26 @ 12:30 PM–2:15 PM Volunteer Individual INTEREST RATES Chair: Sourik Banerjee, University of Nevada - Reno Papers: Simulating the U.S.'s Low Inflation/Low Interest Rate Policy since 1985

Ronald L. Tracy*, Oakland University Monetary Surprises, the Yield Curve, and the Term Premium

Esteban P Argudo*, Vassar College Using Machine Learning to Understand the Fed's Interest Rule

Ching-Yang Lin*, International University of Japan, and Makoto Kakinaka, International University of Japan

A National Income Accounting Anomaly in the Diamond-Tirole Overlapping Generations Economy: Its Implications for Interest Rate Theory

Sourik Banerjee*, University of Nevada - Reno Discussants: Esteban P Argudo, Vassar College Ching-Yang Lin, International University of Japan Sourik Banerjee, University of Nevada - Reno Ronald L. Tracy, Oakland University [6] Friday, June 26 @ 12:30 PM–2:15 PM Allied Society: IBEFA BANKS, SOVEREIGNS AND FIRMS Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Joost Bats, Dutch Central Bank Papers: Sovereign Exposures of European Banks: It is not all Doom.

Martien Lamers, Ghent University, Thomas Present*, Ghent University, and Rudi Vander Vennet, Ghent University

Drivers Of Bank Default Risk: Banks, The Sovereign And Monetary Policy

Nicolas Soenen*, Ghent University, and Rudi Vander Vennet, Ghent University

Corporates' Dependence on Banks: The Impact of ECB Corporate Sector Purchases

Joost Bats*, Dutch Central Bank Discussants: Joost Bats, Dutch Central Bank Thomas Present, Ghent University Nicolas Soenen, Ghent University [7] Friday, June 26 @ 12:30 PM–2:15 PM Volunteer Individual EXCHANGE RATES, SHOCKS AND RISK Chair: O. David Gulley, Bentley University Papers: The Short and Long-Run Effects of Oil Prices, VIX, and Macroeconomic Variables on the Mexican Stock Market Returns

Eduardo Saucedo*, Tecnologico de Monterrey, Silvia Yarim Benitez Villalpando, Tecnologico de Monterrey, and Rene Cabral, Tecnologico de Monterrey

Financial Constraints and Propagation of Shocks in Production Networks

Evren Ors*, HEC Paris Unconventional Monetary Policy Shocks, Commodity Price Instability, and Political Risk

O. David Gulley*, Bentley University, and Jahangir Sultan, Bentley University

Real Exchange Rates and Foreign Debt Capacity in the Euro Area Ephraim Clark, Middlesex University, and Vincent Dropsy*, University of French Polynesia

Discussants: Evren Ors, HEC Paris O. David Gulley, Bentley University Ephraim Clark, Middlesex University Eduardo Saucedo, Tecnologico de Monterrey [8] Friday, June 26 @ 12:30 PM–2:15 PM Allied Society: IBEFA FINANCIAL REGULATION: INCENTIVES Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Joao Rafael Cunha, University of St Andrews Papers: Risk-Shifting, Regulation, and Government Assistance

Padma Ranjini Sharma*, Federal Reserve Bank of Kansas City Reinforcing or Mitigating? The Role of Institutional Investors in the Recent Financial Crisis

Destan Kirimhan*, University of South Carolina, Columbia The Making of Financial Regulation: Voting on the U.S. Congress

Joao Rafael Cunha*, University of St Andrews Discussants: Joao Rafael Cunha, University of St Andrews Padma R. Sharma, University of California, Irvine Destan Kirimhan, University of South Carolina, Columbia [9] Friday, June 26 @ 12:30 PM–2:15 PM Volunteer Individual IMPACT OF ACA POLICIES Chair: Brandy Lipton, San Diego State University Papers: The Spillover Effects of ACA Medicaid Expansion on Children’s Preventive Health Services: Evidence from Louisiana’s Medicaid Expansion

Cuicui Song*, Tulane University Do Expectations Match Reality? The Effect of the Affordable Care Act Insurance Exchanges on Retirement

Corey Woodruff*, University of Colorado Boulder The Spillover Effects of Medicaid Adult Dental Coverage on Child Oral Health

Brandy Lipton*, San Diego State University Discussants: Corey Woodruff, University of Colorado Boulder Brandy Lipton, San Diego State University Cuicui Song, Tulane University [10] Friday, June 26 @ 12:30 PM–2:15 PM Volunteer Individual SOCIAL IMPACTS ON ACADEMIC PERFORMANCE Chair: Brittany Bass, California State University, Sacramento Papers: The Impact of Bullying on Academic Performance: Evidence from Developed and Developing Countries

Dimitrios Nikolaou*, Illinois State University Social Networks and College Performance: Evidence from Dining Data

Darius D. Martin*, Western Washington University Housing Instability and School Outcomes: The Effect of Eviction on School Discipline by Race


David Bradford, University of Georgia, and Ashley Bradford*, Indiana University Bloomington

The Effect of Mandatory Stocking of Feminine Hygiene Products in Schools on Student Outcomes

Brittany Bass*, California State University, Sacramento Discussants: Darius D. Martin, Western Washington University David Bradford, University of Georgia Brittany Bass, California State University, Sacramento Dimitrios Nikolaou, Illinois State University [11] Friday, June 26 @ 12:30 PM–2:15 PM Contemporary Economic Policy ECONOMICS OF GENDER Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Shao-Hsun Keng, National University of Kaohsiung Papers: An Inquiry into Gender Differences in Formal and Informal Wage Employment Sectors in Tanzania

Francisco M.P Mugizi*, University of Dar es Salaam Mobilizing Women Voters: Experimental Evidence from Pakistan

Karrar Hussain*, Lahore University of Management Sciences Gender Bias and Statistical Discrimination against Female Instructors in Student Evaluations of Teaching

Shao-Hsun Keng*, National University of Kaohsiung Discussants: Karrar Hussain, Lahore University of Management Sciences Shao-Hsun Keng, National University of Kaohsiung Francisco M.P Mugizi, University of Dar es Salaam [12] Friday, June 26 @ 12:30 PM–2:15 PM Contemporary Economic Policy ENERGY AND SUSTAINABLE DEVELOPMENT Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Chrysostomos Tabakis, KDI School of Public Policy and Management Papers: Determinants of China’s Foreign Direct Investments to African Oil Exporting Countries

Kafilah Gold*, University of Malaya, Malaysia The Dynamics of Measuring a Balanced Sustainable Development Outlook

Yi Ling Chang*, Claremont Graduate University, and Yuan-Yuan Lee, Claremont Graduate University

Biomass to Electricity: The Case of South Korea Chrysostomos Tabakis*, KDI School of Public Policy and Management, and Gal Hochman, Rutgers University

Discussants: Haimanot B. Atinkut, Huazhong Agricultural University Chrysostomos Tabakis, KDI School of Public Policy and Management Kafilah Gold, University of Malaya, Malaysia [13] Friday, June 26 @ 12:30 PM–2:15 PM Allied Society: NAASE TOPICS ON COLLEGE AND PROFESSIONAL SPORTS Organizer: Jane E. Ruseski, West Virginia University Chair: Jill S. Harris, U.S. Air Force Academy Papers: The NCAA: What is it, Who Cares, and Why it Matters

Jill S. Harris*, U.S. Air Force Academy The Benefits of Changing NCAA Division 1 Levels: A CVM Measurement

John F. R. Harter*, Eastern Kentucky University, and Matthew Howell, Eastern Kentucky University

Clustering by Recruits in Men’s College Basketball

Michael McAvoy*, State University of New York at Oneonta, and Kpoti Kitissou, State University of New York at Oneonta

The Effect of College Training on a Prospect’s Likelihood of Debuting in Major League Baseball

Jeremy Foreman*, University of Louisiana at Lafayette, Jill S. Harris, U.S. Air Force Academy, and Ishmael Edwards, University of Louisiana at Lafayette

Discussants: from above participants [14] Friday, June 26 @ 2:30 PM–4:15 PM Volunteer Individual TEACHING OF ECONOMICS Chair: Michael Luzius, American Intercontinental University Papers: The Cornell Note-Taking Method and Student Performance in Microeconomics Courses

Denise A. Robson*, University of Wisconsin -- Oshkosh, Benjamin Artz, University of Wisconsin -- Oshkosh, and Angel Camacho, University of Wisconsin -- Oshkosh

Students’ Ethical Decision Making: Are We Assessing What We Think We Are Assessing?

Paul F. Byrne*, Washburn University Get on Board with Economics! How Student Designed Games Can Promote Deeper Learning and Engagement in Principles Classes

Ana Maria Ichim*, Missouri University of Science and Technology, Radu Constantin Puslenghea, Missouri University of Science and Technology, and Sarah Steelman, Missouri University of Science and Technology

Lessons for Teaching Economics from Second Language Instruction Michael Luzius*, American Intercontinental University

Discussants: Paul F. Byrne, Washburn University Ana Maria Ichim, Missouri University of Science and Technology Michael Luzius, American Intercontinental University Denise A. Robson, University of Wisconsin -- Oshkosh [15] Friday, June 26 @ 2:30 PM–4:15 PM Contemporary Economic Policy RESEARCH IN APPLIED ECONOMICS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Patrick M. Crowley, Texas A&M University -- Corpus Christi Papers: Las Cruces Housing Price Fluctuations

Steven L. Fullerton*, University of Texas - El Paso, James H. Holcomb, University of Texas at El Paso, and Thomas M. Fullerton Jr., University of Texas at El Paso

Lasso DEA for Small and Big Data Ya Chen, Hefei University of Technology, Mike Tsionas, Lancaster University, and Valentin Zelenyuk*, University of Queensland

Optimal Fiscal and Monetary Policy on Incorporating Okun’s Law in a Wavelet-Based Control Model

Patrick M. Crowley*, Texas A&M University -- Corpus Christi, and David Hudgins, Texas A&M University -- Corpus Christi

Discussants: Valentin Zelenyuk, University of Queensland Patrick M. Crowley, Texas A&M University -- Corpus Christi Steven L. Fullerton, University of Texas - El Paso [16] Friday, June 26 @ 2:30 PM–4:15 PM Individually Organized VALUE, VERITAS, VERSTEHEN AND VOLATILITY IN ECONOMICS Organizer: Paul Mark Mason, McMurry University Chair: Paul Mark Mason, McMurry University Papers: Estimating the Marginal Revenue Product of Fast Food Worker


Paul Mark Mason*, McMurry University, and Jeffrey W. Steagall, Weber State University

Influencing Changes to Nationalistic Policies Abroad: the Case of China and the U.S.

Jeffrey W. Steagall*, Weber State University, Chung-Ping Albert Loh, University of North Florida, and Andres A. Gallo, University of North Florida

Taking the Red Pill in Lieu of the Blue Pill: Using Autoethnography to Address the Austrian call for Verstehen in Economics.

R. Duncan Pelly*, McMurry University, and Robert A. Pelly, Independent Consultant

Volatility Shocks? Another Look at Oil Price Pass-Through Kyle Cohen, University of North Florida, and Russell Triplett*, University of North Florida

Discussants: Russell Triplett, University of North Florida R. Duncan Pelly, McMurry University Paul Mark Mason, McMurry University Andrew Keinsley, Weber State University [17] Friday, June 26 @ 2:30 PM–4:15 PM Individually Organized: Defense THE POLITICAL ECONOMY OF CONFLICT Organizer: Atin Basuchoudhary, Virginia Military Institute Chair: Eli Berman, University of California San Diego Papers: The Organization of Volunteer Battalions in Ukraine

Garrett R. Wood*, Virginia Wesleyan University Markets, Conflict, and Incumbent Tenure: Evidence from Turkey’s Kurdish Insurgency

Emine Deniz*, University of Chicago Modeling How the Outcome of Civil Conflict Depends on Rent “Sharing” Mechanisms

Atin Basuchoudhary*, Virginia Military Institute Discussants: from above participants [18] Friday, June 26 @ 2:30 PM–4:15 PM Allied Society: IBEFA MONETARY POLICY SPILLOVERS Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Bryan Hardy, Bank for International Settlements Papers: The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets

Friederike Niepmann, Federal Reserve Board of Governors, Emily Liu, Federal Reserve Board, and Tim Schmidt-Eisenlohr*, Federal Reserve Board

Unconventional Monetary Policy, (A)Synchronicity and the Yield Curve

Karlye Dilts Stedman*, Federal Reserve Bank of Kansas City Home Sweet Host: Prudential and Monetary Policy Spillovers through Global Banks

Stefan Avdjiev, Bank for International Settlements, Bryan Hardy*, Bank for International Settlements, and Patrick McGuire, Bank for International Settlements

Discussants: Bryan Hardy, Bank for International Settlements Tim Schmidt-Eisenlohr, Federal Reserve Board Karlye Dilts Stedman, Federal Reserve Bank of Kansas City [19] Friday, June 26 @ 2:30 PM–4:15 PM Contemporary Economic Policy TOPICS ON FISCAL POLICY Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology

Chair: Bruce C. Brown, California State Polytechnic University, Pomona Papers: Fiscal Policy Multipliers in Small States

Ali Alichi, International Monetary Fund, Ippei Shibata*, International Monetary Fund, and Kadir Tanyeri, International Monetary Fund

Intergovernmental Fiscal Arrangements and Fiscal Multiplier in China Isabel Kit-Ming Yan*, City University of Hong Kong, Fei Guo, Xi'an Jiaotong University, Eric Evans Osei Opoku, City University of Hong Kong, and Kate Hynes, University College Dublin

Is Ricardian Equivalence Still Relevant? Bruce C. Brown*, California State Polytechnic University, Pomona

Discussants: Isabel Kit-Ming Yan, City University of Hong Kong Bruce C. Brown, California State Polytechnic University, Pomona Ippei Shibata, International Monetary Fund [20] Friday, June 26 @ 2:30 PM–4:15 PM Volunteer Individual PUBLIC DEBT, UNCERTAINTY AND INSTITUTIONS Chair: Haichun Ye, Chinese University of Hong Kong, Shenzhen Papers: Chinese Import Competition, Offshoring and Servitization

Dario Pozzoli*, Copenhagen Business School Public Debt and Growth in Sub-Saharan Africa: The Role of Institutional Quality

Emmanuel Lartey*, California State University, Fullerton FDI and International Transmission of Global Financial Uncertainty Shocks: Evidence from China

Haichun Ye*, Chinese University of Hong Kong, Shenzhen, and Shujie Wu, The Chinese University of Hong Kong

“Burning Money” and Institutional Decline During Zimbabwe’s Hyperinflation

Stephen Matteo Miller*, Mercatus Center at George Mason University, and Thandinkosi Ndhlela, Monash University

Discussants: Emmanuel Lartey, California State University, Fullerton Haichun Ye, Chinese University of Hong Kong, Shenzhen Stephen Matteo Miller, Mercatus Center at George Mason University Dario Pozzoli, Copenhagen Business School [21] Friday, June 26 @ 2:30 PM–4:15 PM Allied Society: IBEFA MORTGAGE MARKETS AND UNCERTAINTY Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Werner Osterkamp, University of Duisburg-Essen Papers: How Big is the Wealth Effect? Decomposing the Response of Consumption to House Prices

Ronel Elul*, Federal Reserve Bank of Philadelphia, Boragan Aruoba, University of Maryland, College Park, and Sebnem Kalemli-Ozcan, University of Maryland, College Park

Credit Union and Bank Subprime Lending in the Great Recession Jordan van Rijn*, University of Wisconsin -- Madison

The Impact of Risk Retention on the Pricing of Securitizations Martin Hibbeln, University of Duisburg-Essen, and Werner Osterkamp*, University of Duisburg-Essen

Discussants: Werner Osterkamp, University of Duisburg-Essen Ronel Elul, Federal Reserve Bank of Philadelphia Jordan van Rijn, University of Wisconsin -- Madison [22] Friday, June 26 @ 2:30 PM–4:15 PM Individually Organized TOPICS IN PUBLIC ECONOMICS 1 Organizer: Tsai-Ching Liu, National Taipei University


Chair: Jui-Chih Wang, National Taipei University of Business Papers: Does Windfall Income Make You Donate More? A Study from Lottery Winners in Taiwan

Vance Kuang-Ta Lo*, National Chengchi University, Taiwan, Hsing-Wen Han, Tamkang University, Tzu-Ting Yang, Academia Sinica, and Hsuan-Hua Huang, Academia Sinica

Relationship between Types of Birth Delivery Choices and Preterm Birth

Chin-Shyan Chen*, National Taipei University Tax Avoidance, Family Ownership and Credit Ratings

Mei-Juh Huang*, Fu-Jen Catholic University, and Hueiling Chen, National Taiwan Normal University

The Impact of Relative Deprivation on Medical Care Utilization - The Verification of Mediated Effect from Negative Health Behaviors

Yen-Ju Lin*, National Taichung University of Science and Technology, Taiwan

Discussants: Chin-Shyan Chen, National Taipei University Hsing-Wen Han, Tamkang University Tsai-Ching Liu, National Taipei University Jui-Chih Wang, National Taipei University of Business [23] Friday, June 26 @ 2:30 PM–4:15 PM Individually Organized TOPICS IN PUBLIC POLICY EVALUATION Organizer: Wei-Hua Tian, National Cheng Kung University, Taiwan Chair: Joseph J. Tien, Tamkang University Papers: Measuring the Economic and Policy Uncertainty in Taiwan

Chien-Hao Fu*, National Taipei University International Comparisons of Long-Term Care Service Utilization : Panel Data Analysis of OECD Countries

Joseph J. Tien*, Tamkang University The Effect of Local Policies on DUI Prevention

Yun-Shan Chan*, National Taipei University The Relationship between Private Long-term Care Insurance Premiums, Population Structure and Public Policies in the United States

Wei-Hua Tian*, National Cheng Kung University, Taiwan Discussants: Joseph J. Tien, Tamkang University Chien-Hao Fu, National Taipei University Wei-Hua Tian, National Cheng Kung University, Taiwan Yun-Shan Chan, National Taipei University [24] Friday, June 26 @ 2:30 PM–4:15 PM Contemporary Economic Policy APPLIED LABOR RESEARCH 1 Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Madhu S. Mohanty, California State University, Los Angeles Papers: The Effect of Non-monetary Compensation on Employee Retention: Evidence from the U.S. Air Force

Nathan Wozny*, U.S. Air Force Academy, Aaron Albert, U.S. Air Force Academy, and Patrick Allen, U.S. Air Force Academy

Increasing Effects of Shareholder-Manager Risk Sharing on Systemic Risk: Evidence from CEO Compensation and CoVar

Robert Faff, University of Queensland, and Natalya Zelenyuk*, University of Queensland

Why is the Relationship between Church Attendance and Wage Negative among Younger Adults? An Explanation Based on the US Evidence

Madhu S. Mohanty*, California State University, Los Angeles Discussants: Madhu S. Mohanty, California State University, Los Angeles

Aaron Albert, U.S. Air Force Academy Natalya Zelenyuk, University of Queensland [25] Friday, June 26 @ 2:30 PM–4:15 PM Individually Organized THE INTERWAR AMERICAN ECONOMY Organizer: Nicolas L. Ziebarth, Auburn University, and Mario J. Crucini, Vanderbilt University Chair: Nicolas L. Ziebarth, Auburn University Papers: Communication and Consumers’ Expectations in the Great Depression

Mathieu Pedemonte*, University of California, Berkeley, and NBER

Did Durable Goods Producing States Suffer a Greater Great Depression?

Terry Kim*, Vanderbilt University Spillover Effects of IP Protection in the Inter-War Aircraft Industry

Taylor Jaworski*, University of Colorado Boulder The Distribution of Prices in the Great Depression

Nicolas L. Ziebarth*, Auburn University Discussants: Tianyi Wang, University of Pittsburgh Martin Boileau, University of Colorado Boulder Chris Vickers, Auburn University Mario J. Crucini, Vanderbilt University [26] Friday, June 26 @ 2:30 PM–4:15 PM President-Elect Featured COSTS AND BENEFITS OF ENVIRONMENTAL POLICY IN THE U.S., INDIA AND CHINA Organizer: Joseph S. Shapiro, University of California, Berkeley Chair: Joseph S. Shapiro, University of California, Berkeley Papers: Rationing the Commons

Nicholas Ryan*, Yale University Setting the Price Right: Evidence from Heating Price Reform in China

Koichiro Ito, University of Chicago, and Shuang Zhang*, University of Colorado Boulder

Regulating Untaxable Externalities: Evidence from Vehicle Air Pollution

Arthur van Benthem, Wharton School, University of Pennsylvania, Mark Jacobsen, University of California San Diego, James Sallee, University of California, Berkeley, and Joseph S. Shapiro*, University of California, Berkeley

Discussants: Thomas Covert, University of Chicago Kyle Meng, University of California, Santa Barbara Antonio Bento, University of Southern California [27] Friday, June 26 @ 2:30 PM–4:15 PM Allied Society: NAASE CHEATING, ENFORCEMENT AND PERFORMANCE IN PROFESSIONAL SPORTS Organizer: Jane E. Ruseski, West Virginia University Chair: Dennis P. Wilson, Western Kentucky University Papers: Cheating, Sanctions, and Deterrence in Major League Baseball

Roger D. Blair*, University of Florida, and Devon K. Myers, University of Florida

Performance Gains Through Cheating: A Benchmark for Identifying Other Rules Violations in Major League Baseball

John Crocker*, University of Nevada, Las Vegas, Christopher D. Azevedo, University of Central Missouri, and Aju J. Fenn, Colorado College


Randomized Effects of Changing Enforcement: The American Hockey League 2005-2019

Dennis P. Wilson*, Western Kentucky University, and Stephen Locke, Western Kentucky University

Do Consumers Care About Doping Scandals in Sports? Evidence from TV broadcasts of the Tour de France in Denmark

Arne Feddersen*, University of Southern Denmark Discussants: from above participants [28] Friday, June 26 @ 4:30 PM–6:15 PM Individually Organized CONTEMPORARY ECONOMIC ISSUES Organizer: Chong-Uk Kim, Sonoma State University Chair: Chong-Uk Kim, Sonoma State University Papers: First Survey Evidence on the Tax Compliance Cost of Newly Implemented Dual-VAT in India; aka GST

Astha Sen*, Sonoma State University The Impact of Minimum Wages on Labor Mobility

Chong-Uk Kim, Sonoma State University, and Gieyoung Lim*, Hankuk University of Foreign Studies

The Impact of State Minimum Wages on Low-Income Crime Rates Chong-Uk Kim*, Sonoma State University, and Gieyoung Lim, Hankuk University of Foreign Studies

Does Ideas Matter? Latin American Regional Intergration Models and Economic Development

Angel Casas Gragea, Sonoma State University, and Marco Romero*, Universidad Andina Simon Bolivar

Discussants: from above participants [29] Friday, June 26 @ 4:30 PM–6:15 PM Allied Society: ASE TOPICS IN SOCIAL ECONOMICS Organizer: Rojhat Avsar, Columbia College Chair: Rojhat Avsar, Columbia College Papers: Out of the Light and Into the Dark? Personality Traits Among Economics Students

Kevin Capehart*, California State University, Fresno Where are Workers in a Sustainable Economy? A Social Economics Approach

Daphne T. Greenwood*, University of Colorado Colorado Springs The Role of Virtue in Impersonal Exchange and Sustainable Cooperation: An Evolutionary Game-Theoretical Approach

Rojhat Avsar*, Columbia College Discussants: from above participants [30] Friday, June 26 @ 4:30 PM–6:15 PM Contemporary Economic Policy APPLIED ECONOMETRICS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Hongbing Ouyang, Huazhong University of Science and Technology Papers: Modified Estimation of Turning Points for the Deviation Cycle Using Large Data Set

Ping-Hung Chou*, Chien Hsin University of Science and Technology, and Ta-Sheng Chou, Chung Yuan Christian University, Taiwan

Value at Risk and Expected Shortfall under General Semiparametric GARCH Models

Christian Peitz*, University of Paderborn, Bernard Gilroy, University of Paderborn, and Nico Stoeckmann, University of Paderborn

On the Intertemporal Risk-Return Trade-off: Another Look Kiseok Nam*, Quinnipiac University, and Joseph Marks, Northeastern University

Nonlinear Financial Time Series Prediction Based on EEMD-RNN Hongbing Ouyang*, Huazhong University of Science and Technology, Yaqing Liu, Huazhong University of Science and Technology, and Hongju Yan, Huazhong University of Science and Technology

Discussants: Christian Peitz, University of Paderborn Kiseok Nam, Quinnipiac University Hongbing Ouyang, Huazhong University of Science and Technology Ping-Hung Chou, Chien Hsin University of Science and Technology [31] Friday, June 26 @ 4:30 PM–6:15 PM Individually Organized: Defense DEFENSE ECONOMICS: ROLE OF COMPENSATION AND POLICY ON PERSONNEL RETENTION IN THE MILITARY Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Beth J. Asch, RAND Corporation Papers: Evaluating Suitability for Service: DoD's Waiver and Early Separation Policies and Practices

Kyle Neering*, CNA Corporation Single Salary System: An Analysis of Second- and Third-Order Effects

Tom Geraghty*, CNA Corporation An Analysis of Factors Affecting Retention in Korea

Song Bo Sim*, Korea Institute for Defense Analyses The U.S. Army’s Enlistment Waiver Policies: A Consideration of Emerging Societal Trends in Behavioral Health and the Legalization of Marijuana

Beth J. Asch*, RAND Corporation Discussants: Michael J. Kuzara, United States Army Susan L. Rose, Institute for Defense Analyses Michael Larson, Naval Postgraduate School Tom Geraghty, CNA Corporation [32] Friday, June 26 @ 4:30 PM–6:15 PM Contemporary Economic Policy ECONOMIC UNCERTAINTY AND CORPORATE BEHAVIORS Organizer: Nacasius U. Ujah, South Dakota State University Chair: Nacasius U. Ujah, South Dakota State University Papers: The Impact of Economic Policy Uncertainty on Firm Investment and Productivity

Jacob Gross*, South Dakota State University, and Nacasius U. Ujah, South Dakota State University

Economic Policy Uncertainty and Working Capital Management Jacob Tandoh*, South Dakota State University, and Nacasius U. Ujah, South Dakota State University

Firm Efficiency and Economic Policy Uncertainty Renee Oyotode-Adebile*, Northwest Missouri State University, and Augustine Tarkom, Concordia University

Firm Political Risk and Solvency: Effect of Economic Uncertainty Eunho Cho, North Carolina A&T State University, and Collins Okafor*, North Carolina A&T State University

Discussants: Rebecca Anne Bommarito, Claremont Graduate University Renee Oyotode-Adebile, Northwest Missouri State University Collins Okafor, North Carolina A&T State University Jacob Gross, South Dakota State University [33] Friday, June 26 @ 4:30 PM–6:15 PM Allied Society: IBEFA


MONETARY POLICY: CROSSING BORDERS AND BOUNDARIES Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Baptiste Meunier, Banque de France Papers: Risk-Mitigating Effects of Being Prompt and Transparent

Seung Jung Lee*, Federal Reserve Board of Governors, Lucy Qian Liu, International Monetary Fund, and Viktors Stebunovs, Federal Reserve Board of Governors

Interbank Network Characteristics, Monetary Policy "News" and Sensitivity of Bank Stock Returns

Isabelle Distinguin, University of Limoges, Aref Mahdavi-Ardekani, University of Limoges, and Amine Tarazi*, Université de Limoges, LAPE (France) and Institut Universitaire de France

Le Pont de Londres: Interactions between Monetary and Prudential Policies in Cross-Border Lending

Baptiste Meunier*, Banque de France Discussants: Baptiste Meunier, Banque de France Seung Jung Lee, Federal Reserve Board of Governors Amine Tarazi, Université de Limoges, LAPE (France) and Institut Universitaire de France [34] Friday, June 26 @ 4:30 PM–6:15 PM Allied Society: MEEA MONETARY AND FISCAL POLICIES Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Hassan Y. Aly, Nile University Papers: Monetary-Fiscal Games under Political Uncertainty: The Role of Institutions

Sarah El-Khishin*, British University in Cairo, Dina Kassab, Cairo University, and Mahmoud Mohieldin, World Bank

Coordination of Monetary and Fiscal Policies among us, the U.S., Korea, and Japan?

Mi Kyung Pai*, Kyungpook National University, and In Bong Ha, Kyungpook National University

Measuring Fiscal Multipliers in Egypt: Evidence from the Bucket and SVAR Approaches

Sahar M. Abdel-Haleim*, British University in Cairo Can the Negative Yield be a Sustainable Economic Principle?

Mahmoud Haddad*, University of Tennessee at Martin, Shawkat Hammoudeh, Drexel University, and Sam Hakim, The Institute for Independent Studies

Discussants: Mi Kyung Pai, Kyungpook National University Sarah El-Khishin, British University in Cairo Mahmoud Haddad, University of Tennessee at Martin Sahar M. Abdel-Haleim, British University in Cairo [35] Friday, June 26 @ 4:30 PM–6:15 PM Contemporary Economic Policy TRADE POLICY AND TRADE TREATIES Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Julan Du, Chinese University of Hong Kong Papers: Using Machine Learning to Capture Heterogeneity in Trade Agreements

Narendra Regmi*, University of Wisconsin -- Whitewater, and Scott L. Baier, Clemson University

The Impacts of Policy Restrictions on Service Trade Wei-Chih Chen*, National Chung Cheng University, Taiwan

Exploring a trilateral partnership Africa-EU-China within the framework of the Beltand-Road Initiative (BRI)

Jean-Claude Maswana*, Ritsumeikan University The Impact of Bilateral Investment Treaties and Investor-State Dispute Settlement Mechanism on International Investment

Julan Du*, Chinese University of Hong Kong, and Yifei Zhang, Beijing Normal University-Hong Kong Baptist University, United International College

Discussants: Julan Du, Chinese University of Hong Kong Narendra Regmi, University of Wisconsin -- Whitewater Wei-Chih Chen, National Chung Cheng University, Taiwan Jean-Claude Maswana, Ritsumeikan University [36] Friday, June 26 @ 4:30 PM–6:15 PM Allied Society: IBEFA CROSS-BORDER BANKS AND FIRMS Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Catherine Koch, Bank for International Settlements Papers: When A Flow Becomes A Flood: Capital Inflow Surges and Maturity Structure of Credit Allocation

Xiang Li*, Halle Institute for Economic Research, Germany, and Dan Su, University of Minnesota Twin Cities

Cross-Border M&A and the Exchange Rate: Evidence from Switzerland

Michele Pelli*, University of Zurich and Swiss Finance Institute Banking Across Borders: Are Chinese Banks Different?

Catherine Koch*, Bank for International Settlements, Eugenio Cerutti, International Monetary Fund, and Swapan-Kumar Pradhan, Bank for International Settlements

Discussants: Catherine Koch, Bank for International Settlements Xiang Li, Halle Institute for Economic Research, Germany Michele Pelli, University of Zurich and Swiss Finance Institute [37] Friday, June 26 @ 4:30 PM–6:15 PM Individually Organized TOPICS IN PUBLIC ECONOMICS 2 Organizer: Tsai-Ching Liu, National Taipei University Chair: Vance Kuang-Ta Lo, National Chengchi University, Taiwan Papers: Impact of the Amendment of the Statute for Industrial Innovation on Corporate R&D Expenditures

Jui-Chih Wang*, National Taipei University of Business Maternal Depression, Birth Delivery, and Demand of Medical Care

Tsai-Ching Liu*, National Taipei University The Effect of Tax Audits on Firm Behavior: Evidence from a Natural Experiment in Taiwan

Hsing-Wen Han*, Tamkang University, Tzu-Ting Yang, Academia Sinica, and Yu-Chun Cheng, Cornell University

Discussants: Mei-Juh Huang, Fu-Jen Catholic University Yen-Ju Lin, Fo Guang University Vance Kuang-Ta Lo, National Chengchi University, Taiwan [38] Friday, June 26 @ 4:30 PM–6:15 PM President-Elect Featured COMPETITION, ORGANIZATIONAL STRUCTURE AND EFFICIENCY IN HEALTH CARE Organizer: Jonathan Kolstad, University of California, Berkeley Chair: Matthew Grennan, University of Pennsylvania Papers: Make or Buy in Social Health Insurance? Evidence from VA Emergency Care

David C. Chan*, Stanford University Vertical Integration and Control: Evidence from Medical Technology

Matthew Grennan*, University of Pennsylvania Mortality Effects and Choice Across Private Health Insurance Plans

Amanda Starc*, Northwestern University


Physician Relationships with Industry and the Pricing and Usage of Medical Technology

Ashley Swanson*, Columbia University Discussants: Matthew Grennan, University of Pennsylvania Amanda Starc, Northwestern University Ashley Swanson, Columbia University David C. Chan, Stanford University [39] Friday, June 26 @ 4:30 PM–6:15 PM Volunteer Individual CHILDREN, SKILLS AND EDUCATION Chair: Kristin J. Kleinjans, California State University, Fullerton Papers: Parental Divorce and Child Noncognitive Development

Iryna Hayduk*, Clayton State University Debunking Ten Queer Myths and the Moderating Effect of Education

Eric S. Lin*, National Tsing Hua University, Taiwan, and Yi-Hsuan Chuang*, National Tsing Hua University, Taiwan

The Effect of the Fall of the Berlin Wall on Children’s Noncognitive Skills

Kristin J. Kleinjans*, California State University, Fullerton, and Andrew M. Gill, California State University, Fullerton

Discussants: Eric S. Lin, National Tsing Hua University, Taiwan Kristin J. Kleinjans, California State University, Fullerton Iryna Hayduk, Clayton State University [40] Friday, June 26 @ 4:30 PM–6:15 PM Volunteer Individual REGIONAL DEVELOPMENT Chair: Greg Arburn, University of Findlay Papers: Paid Sick Time Mandates and Worker Mobility in the U.S.

Shaoying Ma*, The Graduate Center, CUNY Impacts of Demographic Change on Food Demand in Taiwan: A Dynamic Computable General Equilibrium Analysis

Shih-Hsun Hsu*, National Taiwan University, Ching-Cheng Chang, Academia Sinica and National Taiwan University, Yu-Chieh Chang, National Taiwan University, and Sheng Ming Hsu, National Chung Hsing University, Taiwan

Intergenerational Risk-Sharing during the Great Recession through Reverse Mortgages

Yongwook Kim*, University of California, Santa Barbara Price Discovery in Derivatives Markets: The Case of Crude Oil

Greg Arburn*, University of Findlay Discussants: Shih-Hsun Hsu, National Taiwan University Yongwook Kim, University of California, Santa Barbara Greg Arburn, University of Findlay Shaoying Ma, The Graduate Center, CUNY [41] Friday, June 26 @ 4:30 PM–6:15 PM Volunteer Individual RESOURCES AND GROWTH Chair: Dominic Anyan Twumasi, Shenzhen Aandoc Consults, China Papers: The Long Run Relationship between Financial Development and Energy Production

Ariuna Taivan*, University of Minnesota Duluth, and Neil Wimot, University of Minnesota - Duluth

Land Use and Regional Economic Growth in the West: An Investigation Across Time and Space

Robert J. Sonora*, University of Montana Optimal R&D Intensity and Subsidy

ByungWoo Kim*, Korea National University of Transportation Innovation and Human Capital Development and Economic Growth in Ghana

Dominic Anyan Twumasi*, Shenzhen Aandoc Consults, China, Anthony Boakye Duah, Shenzhen Aandoc Consults, China, Patrick Claude Kumah, Shenzhen Aandoc Consults, China, and Samuel Kwame Anyan, Shenzhen Aandoc Consults, China

Discussants: Robert J. Sonora, University of Montana ByungWoo Kim, Korea National University of Transportation Dominic Anyan Twumasi, Shenzhen Aandoc Consults, China Ariuna Taivan, University of Minnesota Duluth [42] Friday, June 26 @ 4:30 PM–6:15 PM Volunteer Individual RENEWABLE RESOURCES Chair: Corinne Bocci, Saint Joseph's University, Pennsylavnia Papers: The Rising Cost of Repairs is Making Repairs Unaffordable, a Sustainability Issue

John McCollough*, Lamar University, and Ailian Qiu, Shenyang University of Technology

The Public Notification Rule and Home Prices: How Do Consumers Respond to Information About the Quality of Drinking Water

Taylor Mackay*, University of California, Irvine Public Information and Recreation Use Levels: A Case of a Nature Park

Yoshiaki Shimazaki*, Akita Prefectural University, and Christian Crowley, U.S. Department of the Interior

Examining the Conservation Incentives of Forest Concessions in Northern Guatemala

Corinne Bocci*, Saint Joseph's University, Pennsylavnia, Brent Sohngen, Ohio State University, and Daniela Miteva, Ohio State University

Discussants: Taylor Mackay, University of California, Irvine Yoshiaki Shimazaki, Akita Prefectural University Corinne Bocci, Saint Joseph's University, Pennsylavnia John McCollough, Lamar University [43] Saturday, June 27 @ 8:15 AM–10:00 AM Individually Organized AGENT-BASED COMPUTATIONAL ECONOMICS 1 Organizers: Christopher S. Ruebeck, Lafayette College, and David S. Dixon, University of New Mexico Chair: Christopher S. Ruebeck, Lafayette College Papers: Electricity Interconnection with Intermittent Renewables

David S. Dixon*, University of New Mexico, and Yuting Yang, Toulouse School of Economics

Output Dynamics in a Network Economy Antoine Mandel, University of Paris I, Pantheon-Sorbonne, and Vipin P. Veetil*, Indian Institute of Technology - Madras

The Role of Tax Policy in Assortative Mating and Inequality: An Agent Based Approach

Andre R. Neveu*, James Madison University To Stabilize China’s Agricultural Commodity Markets: An Agent-based Model

Xinyi Deng Xinyi Deng, University of Technology Sydney, and Yu Zhang*, Southwestern University of Finance and Economics

Discussants: from above participants [44] Saturday, June 27 @ 8:15 AM–10:00 AM Individually Organized APPLIED TIME SERIES ECONOMETRICS Organizer: Tatsuma Wada, Keio University Chair: Tatsuma Wada, Keio University Papers: Measuring the Time-Varying Market Efficiency in Prewar Japanese Stock Markets


Akihiko Noda*, Kyoto Sangyo University An Estimation Method for State-space Models using Generalized LASSO Techniques

Mikio Ito*, Keio University Dissecting a Macroeconomic Impact of Foreign Aid on Emerging Countries

Satoshi Ohira*, Keio University, and Tatsuma Wada, Keio University

The Great Moderation: Updated Evidence with Joint Tests for Multiple Structural Changes in Variance and Persistence

Yohei Yamamoto*, Hitotsubashi University, and Pierre Perron, Boston University

Discussants: Satoshi Ohira, Keio University Yohei Yamamoto, Hitotsubashi University Akihiko Noda, Kyoto Sangyo University Mikio Ito, Keio University [45] Saturday, June 27 @ 8:15 AM–10:00 AM Individually Organized: Defense DEFENSE ECONOMICS: ARMY TALENT MANAGEMENT INITIATIVES Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Michael J. Kuzara, United States Army Papers: Overview of Army Talent Management Initiatives

Michael J. Kuzara*, United States Army Discussants: Beth J. Asch, RAND Corporation Michael Strobl, Office of the Secretary of Defense Michael R. Guggisberg, Institute for Defense Analyses [46] Saturday, June 27 @ 8:15 AM–10:00 AM Individually Organized: Defense DEFENSE ECONOMICS: ACQUISITION AND PROCUREMENT ISSUES Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Laura H. Baldwin, RAND Corporation Papers: It's About Time: Toward Realistic Acquisition Schedule Estimates

Raymond E. Franck Jr.*, Naval Postgraduate School (Emeritus), and Charles K. Pickar, Naval Postgraduate School

The Future of Navy Aviation Procurement R. Derek Trunkey*, Congressional Budget Office

Fraud in the DoD: Is the Current Fraud Penalty System an Effective Deterrence Tool?

Ryan Sullivan*, Naval Postgraduate School, Judith Hermis, Naval Postgraduate School, Michael Rowe, Naval Postgraduate School, and Gerald McLaughlin, Independent Researcher

Discussants: Thomas Light, RAND Corporation Obaid Younossi, RAND Corporation Kweku Opoku-Agyemang, Cornell University, and Center for Effective Global Action, University of California, Berkeley [47] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: ESA SOCIAL PREFERENCES Organizers: C. Monica Capra, Claremont Graduate University, and Yuxin Su, Claremont Graduate University Chair: C. Monica Capra, Claremont Graduate University Papers: The Intergenerational Transfer of Risk and Time Preferences: Evidence from Korea and China

Kichang David Kim*, Claremont Graduate University, Yuxin Su, Claremont Graduate University, and Ning Li, Claremont Graduate University

On the Experimental Identification of Altruism in Normal-Form Games

Christian Diego Alcocer*, Pontifical Xaverian University of Colombia, and Robert Shupp, Michigan State University

Decision Making in a Public Goods Game with Fuzzy Preferences Katherine Silz Carson*, U.S. Air Force Academy, Susan M. Chilton, New Zealand Treasury, and W. G. Hutchinson, Queen's University Belfast

Altruistic Self-Image Mediates the Effects of Personality Traits on Volunteering: Evidence from an Online Experiment

Yuxin Su*, Claremont Graduate University, C. Monica Capra, Claremont Graduate University, and Bing Jiang, Virginia Military Institute

Discussants: from above participants [48] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: IBEFA ECONOMICS OF PAYMENTS SESSION 1: PAYMENT CARD PROCESSING Organizer: Kim P. Huynh, Bank of Canada Chair: Kim P. Huynh, Bank of Canada Papers: Consumer Revolving Credit and Debt over the Life Cycle and Business Cycle

Scott L. Fulford*, Consumer Financial Protection Bureau, and Scott Schuh, West Virginia University

Distributional Effects of Payment Card Pricing in Canada and the United States

Marie-Helene Felt, Bank of Canada, Fumiko Hayashi*, Federal Reserve Bank of Kansas City, and Joanna Stavins, Federal Reserve Bank of Boston

An Application of the Tourist Test to Colombian Merchants Carlos A. Arango*, Banco de la Republica de Colombia, and Yanneth Bentacourt, Banco de la Republica de Colombia

Discussants: Nathan E. Blascak, Federal Reserve Bank of Philadelphia Xiaoling Ang, Edgeworth Economics Kim P. Huynh, Bank of Canada [49] Saturday, June 27 @ 8:15 AM–10:00 AM Volunteer Individual MONETARY POLICY AND FINANCIAL ASSETS Chair: Andrea Zaghini, European Central Bank Papers: How Do Investor Sentiments, Short, and Long Unconventional Monetary Policy Shocks Affect Stock Returns and Volatility During the Zero Lower Bound Periods?

Chun-Li Tsai*, National Cheng Kung University, Taiwan, Pi-Hui Ting, Chang-Jung Christian University, Pei-Yin Chen, National Cheng Kung University, Taiwan, and Chien-Cheng Lee, Yuan Ze University

Asymmetric Transmission of Capital Controls: Evidence from Peru Maria Alejandra Amado*, University of California, Los Angeles

Demand for Monetary Assets in a Low Interest Rate Environment Adrian R. Fleissig*, California State University, Fullerton

Unconventional Monetary Policy and Corporate Bond Issuance Andrea Zaghini*, European Central Bank

Discussants: Maria Alejandra Amado, University of California, Los Angeles Adrian R. Fleissig, California State University, Fullerton Andrea Zaghini, European Central Bank Chun-Li Tsai, National Cheng Kung University, Taiwan [50] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: KIFA


ASIAN ECONOMY 1 Organizer: Chi-Young Song, Kookmin University Chair: Deok-Ryong Yoon, Korea Institute for International Economic Policy Papers: A New Paradigm of FDI in the AI, Digital Era

In-chul Kim*, Sungkyunkwan University FDI Capital Flow, Investment and Growth

Chong-Ook Rhee*, Seoul Women's University The Economic Effects of ODA (Official Development Assistance) and FDI in Developing Countries

Hong-Ki Kim*, Hannam University, and Byeongseon Seo, Korea University

Demographical Change, Technological Advance and Growth: A Cross-Country Analysis

Cyn-Young Park, Asian Development Bank, Kwanho Shin*, Korea University, and Aiko Kikkawa, Asian Development Bank

Discussants: John Junggun Oh, Finance ICT Convergence Association (FICA) Gongpil Choi, Korea Institute of Finance Chi-Young Song, Kookmin University Daekeun Park, Hanyang University [51] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: IBEFA STRESS-TESTING AND RISK MANAGEMENT Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Jens H. E. Christensen, Federal Reserve Bank of San Francisco Papers: Stress Testing Effects on Portfolio Similarities Among Large U.S. Banks

Falk Braeuning, Federal Reserve Bank of Boston, and Jose L. Fillat*, Federal Reserve Bank of Boston

Systemic Stress Testing under Central and Non-Central Clearing Petros Katsoulis*, Cass Business School, Barbara Casu, University of London, and Elena Kalotychou, Cyprus University of Technology

Extrapolating Long-Maturity Bond Yields for Financial Risk Measurement

Jens H. E. Christensen*, Federal Reserve Bank of San Francisco, Jose A. Lopez, Federal Reserve Bank of San Francisco, and Paul Mussche, Federal Reserve Bank of San Francisco

Discussants: Jens H. E. Christensen, Federal Reserve Bank of San Francisco Jose L. Fillat, Federal Reserve Bank of Boston Petros Katsoulis, Cass Business School [52] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: IBEFA SMALL BUSINESS LENDING AND RISK Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Christian Bittner, Deutsche Bundesbank, Germany and Goethe University, Frankfurt Papers: Is Lending Distance Really Changing? Distance Dynamics and Loan Composition in Small Business Lending

Robert Adams*, Federal Reserve Board of Governors, Kenneth P. Brevoort, Federal Reserve Board of Governors, and John C. Driscoll, Federal Reserve Board of Governors

Forward Looking Loan Provisions: Credit Supply and Risk-Taking Miguel Sarmiento*, Central Bank of Colombia, Bernardo Morais, Federal Reserve Board of Governors, Jose-Luis Peydro, Universitat Pompeu Fabra, and Monica Roa, Federal Reserve Board

Contagious Zombies

Christian Bittner*, Deutsche Bundesbank, Germany and Goethe University, Frankfurt, Falko Fecht, Frankfurt School of Finance & Management, and Co-Pierre Georg, Deutsche Bundesbank

Discussants: Christian Bittner, Deutsche Bundesbank, Germany and Goethe University, Frankfurt Robert Adams, Federal Reserve Board of Governors Miguel Sarmiento, Central Bank of Colombia [53] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: MEEA FINANCIAL MARKETS Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Alanoud Al-Maadid, Qatar University Papers: Is There Help Indeed, if There is Help in Need? The Case of Credit Unions during the Global Financial Crisis

Leila Aghabarari*, The World Bank, Andre Guettler, Ulm University, Mahvish Naeem, Ulm University, and Bernardus Van Doornik, Central Bank of Brazil

Accountability Asset Recovery: A Leadership & Sustainability Initiative

Monika L. Sheldon-London*, Alpha FTS How to Interpret the Commercialization of Microfinance: Mission Drift or Mission Division?

Piruz Saboury*, Texas A&M University Political Tensions and Stock Markets in the Arabian Peninsula

Alanoud Al-Maadid*, Qatar University, Guglielmo Maria Caporale, Brunel University, Fabio Spagnolo, Brunel University London, and Nicola Spagnolo, Brunel University

Discussants: Piruz Saboury, Texas A&M University Alanoud Al-Maadid, Qatar University Leila Aghabarari, The World Bank Monika L. Sheldon-London, Alpha FTS [54] Saturday, June 27 @ 8:15 AM–10:00 AM Individually Organized MEDICAL INFORMATION, PERSONAL COMMUNICATIONS, TRAVEL BURDENS AND HEALTH Organizer: Brady P. Horn, University of New Mexico Chair: Brady P. Horn, University of New Mexico Papers: Measuring the Impact that Personalized Communications have on Students’ Flu Vaccination Rates

Todd A. McFall*, Wake Forest University, Jonathan Trattner, Wake Forest University, Cecil Price, George C. Mackie Health Center, Karen Thelen, George C. Mackie Health Center, and Darren Aaron, George C. Mackie Health Center

Willingness to Pay to Standardize Patient Medication Information Bern C. Dealy*, U.S. Food and Drug Administration, Aaron Kearsley, US Food and Drug Association, and Carolyn Wolf, US Food and Drug Association

Travel Burden to Work Among Low-Income Adults in the Southwest United States

Michael Hensley*, University of New Mexico Discussants: Brady P. Horn, University of New Mexico Jane E. Ruseski, West Virginia University Katherine Gutiérrez, University of New Mexico [55] Saturday, June 27 @ 8:15 AM–10:00 AM Individually Organized APPLIED LABOR ECONOMICS 1


Organizer: Michael S. Kofoed, United States Military Academy Chair: Michael S. Kofoed, United States Military Academy Papers: Weather Shocks, Networks and Immigration Enforcement Policies: Evidence from El Salvador

Ana Maria Ibáñez, Universidad de los Andes, Jimena Romero, InterAmerican Development Bank, and Andrea Velasquez*, University of Colorado Denver

Making the Grade: The Impact of Top Performers and Subject Majors on the Grades of Peers

Susan Carter, United States Military Academy, West Point, and Dallas Gilmore*, United States Military Academy

Economic Diversification and The Resiliency Hypothesis: Evidence from the Impact of Natural Disasters on Regional Housing Values

N. Edward Coulson, University of California, Irvine, Shawn McCoy, University of Nevada, Las Vegas, and Ian K. McDonough*, University of Nevada, Las Vegas

Discussants: Michael S. Kofoed, United States Military Academy Amanda Chuan, Michigan State University Gregory Gilpin, Montana State University Bozeman [56] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: TPUG TRANSPORTATION, PUBLIC UTILITIES, AND INDUSTRIAL ORGANIZATION Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: Mark Jamison, University of Florida Papers: Towards a Theory of Market Power

Mark Jamison*, University of Florida Contract Renegotiation in Public Procurement

Georgia Kosmopoulou*, University of Oklahoma, Richard Sicotte, University of Vermont, and Hojin Jung, Chonbuk National University

Competition with Complements and Substitutes Yinqi Zhang*, University of Southern California

Supply and Demand in the Chinese Automobile Market: A Random Coefficients Mixed Oligopolistic Differentiated Products

Yuan Chen*, Shanghai University of International Business and Economics, and C.-Y. Cynthia Lin Lawell, Cornell University

Discussants: Georgia Kosmopoulou, University of Oklahoma Mark Jamison, University of Florida Yuan Chen, Shanghai University of International Business and Economics Yinqi Zhang, University of Southern California [57] Saturday, June 27 @ 8:15 AM–10:00 AM Individually Organized MACROECONOMIC AND FINANCIAL HISTORY Organizer: William D. Craighead, U.S. Air Force Academy Chair: William D. Craighead, U.S. Air Force Academy Papers: A New Chronology of U.S. Asset Price Bubbles, 1825-1929

Andrew Jalil*, Occidental College, and Matthew Botsch, Bowdoin College

The Effects of Lender of Last Resort on Financial Inter-mediation During the Great Depression in Japan

Masami Imai*, Wesleyan University, Tetsuji Okazaki, University of Tokyo, and Michiru Sawada, Nihon University

When Uncle Sam Introduced Main Street to Wall Street: Liberty Bonds and American Finance

Matthew S. Jaremski*, Utah State University, Eric Hilt, Wellesley College, and Wendy M Rahn, University of Minnesota Twin Cities

Evolving Sources of Fluctuations in the 19th Century American Economy

William D. Craighead*, U.S. Air Force Academy, Gabriel Mathy, American University Washington D.C., and Pao-Lin Tien, George Washington University

Discussants: William D. Craighead, U.S. Air Force Academy Andrew Jalil, Occidental College Masami Imai, Wesleyan University Matthew S. Jaremski, Utah State University [58] Saturday, June 27 @ 8:15 AM–10:00 AM Volunteer Individual POLICY AND GROWTH Chair: Jon Thompson, Willamette University Papers: The Origins of Liberal Democracy and the Economic Legacy of the Mongol Empire

Scott Auriat*, University of Alberta In the Name of Honor: Evaluating the Impact of Weather Variability on Honor Killings in Pakistan

Amna Javed*, University of Oregon Big Swings in Recent Development Economics Policy

Pari Kasliwal*, California State University, Long Beach Culture vs. Government in the Story of Growth

Jon Thompson*, Willamette University Discussants: Amna Javed, University of Oregon Pari Kasliwal, California State University, Long Beach Jon Thompson, Willamette University Scott Auriat, University of Alberta [59] Saturday, June 27 @ 8:15 AM–10:00 AM Volunteer Individual ENVIRONMENT, HEALTH AND PRODUCTIVITY Chair: Yanming Sun, East China Normal University Papers: Conservation Preferences and the Economic Value Evaluation of the Wildlife in Kinmen, Taiwan

Yi-Hsing Lin*, National Quemoy University, and Chun-Fu Hong*, National Quemoy University

Pollution Shocks and Infant Health Outcomes Kaj Gittings*, Texas Tech University, Travis Roach, University of Central Oklahoma, and Hamid NoghaniBehambari, Texas Tech University

Acute Air Pollution Exposure and U.S. Agricultural Worker Productivity

Jesse Burkhardt*, Colorado State University, Fort Collins, Jude Bayham, Colorado State University, Fort Collins, Alexandra Hill, Colorado State University, Fort Collins, Jeffrey Pierce, Colorado State University, Fort Collins, Jesse Berman, University of Minnesota Twin Cities, and Emily Fischer, Colorado State University, Fort Collins

Implications of Renewable Energy Producers' Cost Efficiency Incentives and Welfare Impact in Energy Markets with Overlapping Regulations

Yanming Sun*, East China Normal University, and Kevin Currier, Oklahoma State University

Discussants: Kaj Gittings, Texas Tech University Jesse Burkhardt, Colorado State University, Fort Collins Yanming Sun, East China Normal University Yi-Hsing Lin, National Quemoy University Reza M. Ramazani, Saint Michael's College [60] Saturday, June 27 @ 8:15 AM–10:00 AM Allied Society: NAASE


ATTENDANCE IN INTERCOLLEGIATE AND PROFESSIONAL SPORTS Organizer: Jane E. Ruseski, West Virginia University Chair: Jeremy Losak, Syracuse University Papers: Does General Admission Alcohol Availability Affect College Football Attendance and Revenues?

Stacey Brook*, DePaul University The Impact Of College Conference TV Networks On College Football And Basketball Attendance3

Jeremy Losak*, Syracuse University, and Samuel Marteka, Syracuse University

Baseball Strikes, Fan Behavior and Attendance Michael C. Davis*, Missouri University of Science and Technology

The Impact of Promotion and Relegation on Attendance: Evidence from English Soccer

John Charles Bradbury*, Kennesaw State University Discussants: from above participants

[61] Saturday, June 27 @ 10:15 AM–12:00 PM Professional Development HOW TO TEACH REPRODUCIBILITY IN CLASSWORK Presenter: Fernando Hoces de la Guardia, Berkeley Institute for Transparency in the Social Sciences

[62] Saturday, June 27 @ 10:15 AM–12:00 PM Individually Organized AGENT-BASED COMPUTATIONAL ECONOMICS 2 Organizers: David S. Dixon, University of New Mexico, and Christopher S. Ruebeck, Lafayette College Chair: David S. Dixon, University of New Mexico Papers: Inequality and the Central Bank

Amy Y. Guisinger, Lafayette College, Christopher S. Ruebeck*, Lafayette College, and Julie K. Smith, Lafayette College

The Volume of Trade and the Volatility of Prices Aswin Prabhakar*, Indian Institute of Technology-Madras, Kushal Kumar Reddy, Indian Institute of Technology - Madras, and Vipin P. Veetil, Indian Institute of Technology - Madras

Protests in Firms When Workers Are Heterogeneous Olivier Simard-Casanova*, University of Lorraine

Testing the Inequality Process on Financial Distributions John Angle*, The Inequality Process Institute

Discussants: from above participants

[63] Saturday, June 27 @ 10:15 AM–12:00 PM Contemporary Economic Policy TRANSMISSION OF FINANCIAL SHOCKS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Volker Seiler, Xi'an Jiaotong-Liverpool University Papers: Banks and Natural Disasters

James R. Barth, Auburn University, Yanfei Sun*, Ryerson University, Shen Zhang, Auburn University, and Stephen Matteo Miller, Mercatus Center at George Mason University

Differential Effects of Corporate Social Responsibility on Financial Performance

Lirong Liu*, Texas A&M University -- Commerce, and Zhou Yang, Robert Morris University

FDI and International Transmission of Global Financial Uncertainty Shocks: Evidence from China

Haichun Ye*, Chinese University of Hong Kong, Shenzhen Discussants: Volker Seiler, Xi'an Jiaotong-Liverpool University Natalya Zelenyuk, University of Queensland Lirong Liu, Texas A&M University -- Commerce

[64] Saturday, June 27 @ 10:15 AM–12:00 PM Individually Organized: Defense DEFENSE ECONOMICS: VETERANS AND THE ROLE OF THE VA Organizer: Jerry Pannullo, U.S. Department of Veterans Affairs Chair: Jerry Pannullo, U.S. Department of Veterans Affairs Papers: The Incomes of Vietnam Veterans

Heidi L. Golding*, Congressional Budget Office, and Elizabeth Bass, Congressional Budget Office

TBD Amanda Stype*, Eastern Michigan University

The Effects of the Accountability and Whistleblower Protection Act of 2017 on VA Disciplinary Actions

Jerry Pannullo*, U.S. Department of Veterans Affairs, and Emma Pannullo, Princeton University

Discussants: Ryan Sullivan, Naval Postgraduate School

[65] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: SABE SOCIAL PREFERENCES, SOCIAL NETWORKS AND DECISION MAKING FOR OTHERS Organizer: John Ifcher, Santa Clara University Chair: John Ifcher, Santa Clara University Papers: Preference for Competition in Decision Making for Others

John Ifcher*, Santa Clara University, and Homa Zarghamee, Barnard College

Can We Talk Our Way to Equity and Efficiency? Prithvijit Mukherjee*, Georgia State University

The Effect of Presidential Election Outcomes on Alcohol Drinking Rodrigo Schneider*, Skidmore College


[66] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: IBEFA ECONOMICS OF PAYMENTS SESSION 2: ADOPTION AND USAGE OF PAYMENTS Organizer: Kim P. Huynh, Bank of Canada Chair: Carlos A. Arango, Banco de la Republica de Colombia Papers: Who Adopts Crypto Assets in Japan? Evidence from the 2019 Financial Literacy Survey

HIroshi Fujiki*, Chuo University Bitcoin Omnibus Survey: Adoption and Usage in Canada

Gradon Nicholls, Bank of Canada, Mitchell Nicholson*, Bank of Canada, and Angelika Welte, Bank of Canada

Homing in Payment Choice Scott Schuh*, West Virginia University, Tamas Briglevics, Magyar Nemzeti Bank, and David Zhang, Harvard University

Discussants: Mitchell Nicholson, Bank of Canada Ying Lei Toh, Federal Reserve Bank of Kansas City Carlos A. Arango, Banco de la Republica de Colombia

[67] Saturday, June 27 @ 10:15 AM–12:00 PM Individually Organized ECONOMIC POLICY ISSUES IN JAPAN Organizer: Takero Doi, Keio University Chair: Toshihiro Ihori, National Graduate Institute for Policy Studies Papers: Infrastructure-Related Expenditures and Population Aging in Japan

Naomi Miyazato*, Nihon University Do Fiscal Statements Matter? Evidence from Japanese Municipalities

Shunichiro Bessho*, The University of Tokyo, and Haruaki Hirota, Musashi University


Generational Effects of Personal Income Taxation Reforms in Japan Takero Doi*, Keio University, and Hiroaki Kurita, Keio University

Discussants: Shunichiro Bessho, The University of Tokyo Nobuo Akai, Osaka University Naomi Miyazato, Nihon University [68] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: IBEFA SHOCKS IN FINANCIAL MARKETS Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Christophe Fricke, Deutsche Bundesbank Papers: Banks' Foreign Currency Exposure and the Real Effects of Exchange Rate Shocks

Isha Agarwal*, University of British Columbia Asymmetric Information Risk in FX Markets

Fabricius Somogyi*, University of St.Gallen, and Angelo Ranaldo, University of St. Gallen

Procyclical Asset Management and Bond Excess Returns Christophe Fricke*, Deutsche Bundesbank, Emanuel Moench, Deutsche Bundesbank, and Alexandru Barbu, London Business School

Discussants: Christophe Fricke, Deutsche Bundesbank Isha Agarwal, University of British Columbia Fabricius Somogyi, University of St.Gallen [69] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: KIFA ASIAN ECONOMY 2 Organizer: Chi-Young Song, Kookmin University Chair: John Junggun Oh, Finance ICT Convergence Association (FICA) Papers: Global Financial Cycle and Monetary Policy Autonomy in East Asian Countries

Jung Sik Kim*, Yonsei University, Yun Joo An, Yonsei University, and Min Ji Ju, Yonsei University

Capital Control and Exchange Rate Regimes Seung-Gwan Baek*, Hongik University

Fisher Effect and Covered Interest Rate Parity Deviations Byeongseon Seo*, Korea University

Contrarian Opinion and Its Predictability: Application to Exchange Rates

Hyo Sang Kim*, Korea Institute for International Economic Policy, Young-Ju Kim, Bank of Korea, Zhipeng Liao, University of California, Los Angeles, and Aaron Tornell, University of California, Los Angeles

Discussants: Yeongseop Rhee, Seoul National University Gongpil Choi, Korea Institute of Finance Daekeun Park, Hanyang University Kyunghun Kim, Korea Institute for International Economic Policy [70] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: IBEFA BELIEFS AND FRAGILITY IN FINANCE Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Razvan Vlahu, De Nederlandsche Bank Papers: Loan Insurance, Market Liquidity, and Lending Standards

Martin Kuncl*, Bank of Canada, and Toni Ahnert, Bank of Canada Temptation and Financial Fragility

Ettore Panetti*, Banco de Portugal Bank Instability: Interbank Linkages and the Role of Disclosure

Stefan T. Trautmann, Heidelberg University, and Razvan Vlahu*, De Nederlandsche Bank

Discussants: Razvan Vlahu, De Nederlandsche Bank

Martin Kuncl, Bank of Canada Ettore Panetti, Banco de Portugal [71] Saturday, June 27 @ 10:15 AM–12:00 PM Individually Organized OPIOID PRESCRIBING, ILLICIT TRANSACTIONS AND TREATMENT Organizer: Brady P. Horn, University of New Mexico Chair: Brady P. Horn, University of New Mexico Papers: Competition Among Local and Chain Pharmacies and Opioid Prescribing Behavior in West Virginia

Brad R. Humphreys, West Virginia University, Daniel S. Grossman, West Virginia University, and Jane E. Ruseski*, West Virginia University

The Impact Jail-Based Methadone Maintenance Treatment on the Societal Cost of Crime

Aakrit Joshi, University of New Mexico, Brady P. Horn*, University of New Mexico, Xiaoxue Li, University of New Mexico, Alok K. Bohara, University of New Mexico, M. Lee Van Horn, University of New Mexico, Paul Guerin, University of New Mexico, Barbara McCrady, University of New Mexico, Ronald C. Mittelhammer, Washington State University Pullman, and Michael T. French, University of Miami

Deaths by a Thousand Cuts: A Model to Guide Policy Surrounding Retail Illicit Drug Transactions

Jacob Miller*, Southern Utah University The Long-Term Effect of Redlining on Residential Property Values

Aakrit Joshi*, University of New Mexico, Brady P. Horn, University of New Mexico, and Robert P. Berrens, University of New Mexico

Discussants: Xiaoxue Li, University of New Mexico Usamah Wasif, University of New Mexico Todd A. McFall, Wake Forest University Bern C. Dealy, U.S. Food and Drug Administration [72] Saturday, June 27 @ 10:15 AM–12:00 PM Individually Organized APPLIED LABOR ECONOMICS 2 Organizer: Michael S. Kofoed, United States Military Academy Chair: Michael S. Kofoed, United States Military Academy Papers: First Generation Students and Peer Effects

Michael S. Kofoed*, United States Military Academy, and Todd R. Jones, Cornell University

The Impact of Public Library Openings, Closings, and Relocations on Student Achievement

Gregory Gilpin*, Montana State University Bozeman Financial Incentives Exacerbate Inequality in Parental Investment Across Siblings

Amanda Chuan*, Michigan State University, John A. List, University of Chicago, and Anya Samek, University of Southern California

Discussants: Dallas Gilmore, United States Military Academy Andrea Velasquez, University of Colorado Denver Ian K. McDonough, University of Nevada, Las Vegas [73] Saturday, June 27 @ 10:15 AM–12:00 PM Individually Organized INDUSTRIAL PRODUCTION AND GROWTH Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Hisham S. Foad, San Diego State University


Papers: Changes in Korea's Growth-leading Industries during the Country's Economic Development Phases

Mi Kyung Pai*, Kyungpook National University Size-Dependent Industrial Policies and Firm Performance: The Case of Iran’s Credit Extension Policy for Small Firms, 2005-2013

Hadi Salehi Esfahani, University of Illinois at Urbana-Champaign, and Amirhossein Amini Behbahani*, Howard University

The Nexus between Firm Size and Export Behavior of Turkish Firms Esra Balli*, University of Southern California and Erzincan Binali Yildirim University, Ciler Sigeze, Cukurova University, Mehmet Sedat Ugur, Cankiri Karatekin University, and Jeffrey B. Nugent, University of Southern California

Peer Effects in Child Rearing Behaviors Yiwei Qian*, University of Southern California

Explaining the Generation 2.5 Curse: An Evaluation of Time Use Data.

Hisham S. Foad*, San Diego State University Discussants: Esra Balli, University of Southern California and Erzincan Binali Yildirim University Amirhossein Amini Behbahani, Howard University Mi Kyung Pai, Kyungpook National University [74] Saturday, June 27 @ 10:15 AM–12:00 PM Volunteer Individual TOPICS IN FINANCIAL INSTITUTIONS Chair: Enchuan Shao, University of Saskatchewan Papers: Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds

Giulio Bagattini*, Frankfurt School of Finance and Management gGmbH, Falko Fecht, Frankfurt School of Finance & Management, and Angela Maddaloni, European Central Bank

Predicting Loan Default Risk to Small Businesses Hien Nguyen*, California State Polytechnic University, Pomona

Hedge Funds and Risk Management: S & P 500 Index Derivatives Markets

Greg Arburn*, University of Findlay The Entry of Bitcoin Mining and its Welfare Implications

Enchuan Shao*, University of Saskatchewan, and Danusha Rajapaksa, University of Saskatchewan

Discussants: Hien Nguyen, California State Polytechnic University, Pomona Greg Arburn, University of Findlay Enchuan Shao, University of Saskatchewan Giulio Bagattini, Frankfurt School of Finance and Management gGmbH [75] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: AEDSB GLOBAL DEVELOPMENT ISSUES: AGRICULTURE, CLIMATE CHANGE ADAPTATION AND CIVIL CONFLICT Organizer: Sakib Mahmud, University of Wisconsin -- Superior Chair: Abu Shonchoy, Florida International University Papers: Quantity Recommendation as a Solution to Imbalanced Fertilizer Use? A Field Experiment in Bangladesh

Sabrin Beg*, University of Delaware, Mahnaz Islam, Amazon, and Khandker Wahedur Rahman, University of Minnesota Twin Cities

Civil Conflict and Later Life Crime Raisa Sara*, Texas A&M University, College Station

Geographic Variations in Climate Adaptation Strategies: From the Foothills of the Himalayas to the Bay of Bengal

Sakib Mahmud*, University of Wisconsin -- Superior, and Veeshan Ramayajee, North Dakota State University

DVD-based Learning Program for University Entrance Exams: Experimental Evidence from Rural Bangladesh

Abu Shonchoy*, Florida International University Discussants: Raisa Sara, Texas A&M University, College Station Khandker Wahedur Rahman, University of Minnesota Twin Cities Abu Shonchoy, Florida International University Sakib Mahmud, University of Wisconsin -- Superior [76] Saturday, June 27 @ 10:15 AM–12:00 PM Contemporary Economic Policy ENERGY AND GREEN ECONOMY Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Chun-Hung Lee, National Dong Hwa University, Taiwan Papers: The Impact of Resource Tax Reform on Green Innovation of Enterprises Based on Oil and Gas Industry: Some Evidence from China

Xianchun Liao*, University of Jinan Evaluating Heterogeneity Preference for Community’s Adaptation under Sustainable Community Tourism in a Protected Area

Chun-Hung Lee*, National Dong Hwa University, Taiwan Cognition of Agriculture Waste and Payments for a Circular Agriculture Model in Central China

Haimanot B. Atinkut*, Huazhong Agricultural University Discussants: Chun-Hung Lee, National Dong Hwa University, Taiwan Haimanot B. Atinkut, Huazhong Agricultural University Xianchun Liao, University of Jinan [77] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [78] Saturday, June 27 @ 10:15 AM–12:00 PM Contemporary Economic Policy URBAN ECONOMICS: PLANNING, DEVELOPMENT AND URBAN POVERTY Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Yefang Huang, The Chinese University of Hong Kong Papers: Los Angeles City Planning: The Effects of Home-Sharing Regulation and Airbnb Have on Local Economic Activities

Yuan-Yuan Lee*, Claremont Graduate University, and Yi Ling Chang, Claremont Graduate University

Disparity in City Development: A Lesson from Industrial Land Leasing Regulations in China

Haobin Fan*, Shanghai Academy of Social Sciences Urban Poverty in the World City of Hong Kong

Yefang Huang*, The Chinese University of Hong Kong Discussants: Jianfa Shen, Chinese University of Hong Kong Yefang Huang, The Chinese University of Hong Kong Yuan-Yuan Lee, Claremont Graduate University [79] Saturday, June 27 @ 10:15 AM–12:00 PM Allied Society: NAASE ECONOMIC IMPACT OF THE OLYMPICS Organizer: Jane E. Ruseski, West Virginia University Chair: Wenche Wang, University of Michigan, Ann Arbor Papers: The Economic Impact of the Tokyo 2020 Olympic Games

Eva Marikova Leeds*, Moravian College The Impact of the Olympic Games on Employment Growth: A Synthetic Control Approach


Candon Johnson*, West Virginia University If You Build It, Will They Vote?

Michael A. Leeds*, Temple University, and Eva Marikova Leeds, Moravian College

The Dark Side of Sports? Sex Trafficking and Major Sport Events Wenche Wang*, University of Michigan, Ann Arbor, and Stacy-Lynn Sant, University of Michigan, Ann Arbor

Discussants: from above participants [80] Saturday, June 27 @ 12:30 PM–2:15 PM Professional Development REPRODUCIBILITY: LESSONS LEARNED Presenter: Lars Vilhuber, Cornell University [81] Saturday, June 27 @ 12:30 PM–2:15 PM Volunteer Individual HISTORY OF THOUGHT Chair: Yijiang Wang, Cheung Kong Graduate School of Business Papers: A Culture of Growth: An Empirical Investigation Based on the Hathitrust Digital Library

Ali Almelhem*, University of Colorado Boulder Economic Policy Changes of North Korea: Text Mining Approach to Economic Research

Soohyon Kim*, Bank of Korea, Changyong Choi, KDI School of Public Policy and Management, and Wook Sohn, KDI School of Public Policy and Management

What Key Belief Did Pro-Capitalist Herbert Spencer and Anti-Capitalist Karl Marx Have in Common?

Frank M. Machovec*, Wofford College The Wealth of Nations: A Further Inquiry into Its Nature and Causes

Yijiang Wang*, Cheung Kong Graduate School of Business Discussants: Soohyon Kim, Bank of Korea Frank M. Machovec, Wofford College Yijiang Wang, Cheung Kong Graduate School of Business Ali Almelhem, University of Colorado Boulder [82] Saturday, June 27 @ 12:30 PM–2:15 PM Volunteer Individual PRICES, RISK AND NON-RESPONSE Chair: Mark A. Wynne, Federal Reserve Bank of Dallas Papers: The Good, The Bad, The Ugly: Measurement Error, Non-Response and Administrative Mismatch in the CPS

Christopher R. Bollinger*, University of Kentucky Risk Perception Education and Behavioral Changes: An Application to the Road Safety

Wei-Der Tsai*, National Central University, Taiwan U.S. Housing Market with a Dynamic Factor Model (DFM-TV-SV Model) and Driving Forces Analysis

Yan Olivia Lu*, University of Alabama, Tuscaloosa, and Junsoo Lee, University of Alabama, Tuscaloosa

Quality Adjusted Prices for Books: A Case Study Using Baedeker Travel Guides

Mark A. Wynne*, Federal Reserve Bank of Dallas Discussants: Wei-Der Tsai, National Central University, Taiwan Yan Olivia Lu, University of Alabama, Tuscaloosa Mark A. Wynne, Federal Reserve Bank of Dallas Christopher R. Bollinger, University of Kentucky [83] Saturday, June 27 @ 12:30 PM–2:15 PM Individually Organized: Defense

Sponsored by ENSA DEPARTMENT OF DEFENSE DATABASES FOR EMPIRICAL RESEARCH

Organizer: Sarah K. John, Institute for Defense Analyses Moderator: Eli Berman, University of California San Diego [84] Saturday, June 27 @ 12:30 PM–2:15 PM Allied Society: SABE CHARITABLE GIVING, PUBLIC GOODS, TRUST AND PUBLIC SERVANTS Organizer: John Ifcher, Santa Clara University Chair: John Ifcher, Santa Clara University Papers: An Induced Budget, Psychometric Study of Conservation Giving

James H. Murphy*, University of West Georgia, Samiran Banerjee, Emory University, and Deborah J. Webb, University of West Georgia

Punishment or Reward: An Experiment with "Privileged" Players Jie Chen*, UNSW

Disentangling Empathy from the Trust Game Mark Pingle*, University of Nevada, Reno, and Alexis Reel, University of Nevada, Reno

Comparison of Behavior between Public Servants and Software Developers

Maria Piotrowska*, Wroclaw University of Economics, and Marek Kosny, Wrocław University of Economics and Business

Discussants: from above participants [85] Saturday, June 27 @ 12:30 PM–2:15 PM Volunteer Individual MONETARY AGGREGATES AND SHOCKS Chair: Derin Aksit, Johns Hopkins University Papers: Asymmetric Effects of Expectation Shocks when Monetary Policy Regimes Shift: Evidence from Survey Data

Steven P. Cassou*, Kansas State University Heterogeneity and Monetary Policy

Nurlan Turdaliev*, University of Windsor Multilateral Divisia Monetary Aggregates for the EMU and EU

Neepa Gaekwad Babulal*, State University of New York at Fredonia

How to Model Forward Guidance and Address a Larger Puzzle Derin Aksit*, Johns Hopkins University

Discussants: Nurlan Turdaliev, University of Windsor Neepa Gaekwad Babulal, State University of New York at Fredonia Derin Aksit, Johns Hopkins University Steven P. Cassou, Kansas State University [86] Saturday, June 27 @ 12:30 PM–2:15 PM Individually Organized TOPICS IN MACROECONOMICS Organizer: Christine Strong, Old Dominion University Chair: Christine Strong, Old Dominion University Papers: Using JOLTS Data to Forecast Employment

Julie K. Smith*, Lafayette College, and Amy Y. Guisinger, Lafayette College

Did Mali Benefit from the Joining the CFA Zone? An Analysis Using the Synthetic Control Method

Christine Strong*, Old Dominion University One Policy, Many Uncertainties: Firm Reaction to Demonetization in India

Manisha Goel*, Pomona College Africa Continental Trade Agreement and Trade Potential

Constant Yayi*, Texas A&M University Discussants: from above participants


[87] Saturday, June 27 @ 12:30 PM–2:15 PM Volunteer Individual INTERNATIONAL FACTOR MOVEMENT AND TRADE Chair: Kamal Saggi, Vanderbilt University Papers: International Business Travel and Technology Sourcing

Nune Hovhannisyan*, Loyola University Maryland, and Wolfgang Keller, University of Colorado Boulder

Export Volatility and Diversification: Evidence from Sino-African Trade

Michael A. Olabisi*, Michigan State University Intellectual Property Rights Protection and Offshore Outsourcing: Firm-level Evidence from Taiwan

Po-Lu Chen*, National Taichung University of Science & Technology

Optimal price regulations in international pharmaceutical markets with generic competition

Kamal Saggi*, Vanderbilt University Discussants: Michael A. Olabisi, Michigan State University Po-Lu Chen, National Taichung University of Science & Technology Kamal Saggi, Vanderbilt University Nune Hovhannisyan, Loyola University Maryland [88] Saturday, June 27 @ 12:30 PM–2:15 PM Allied Society: IBEFA BANK CAPITAL Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Yu Wu, Ecole Polytechnique Federale de Lausanne Papers: Bank Capital Requirements and Asset Prices: Evidence from the Swiss Real Estate Market

Christoph Basten ,, Olga Briukhova*, University of Zurich, and Michele Pelli, University of Zurich and Swiss Finance Institute

How Do Credit Ratings Affect Bank Lending Under Capital Constraints?

Teng Wang*, Federal Reserve Board of Governors, Stijn Claessens, Bank for International Settlements, and Andy Law, Board of Governors of the Federal Reserve System

Mortgage Supply and Capital Regulation in a Low Interest Rate Environment

Yu Wu*, Ecole Polytechnique Federale de Lausanne, and Luisa Lambertini, Ecole Polytechnique Federale de Lausanne

Discussants: Yu Wu, Ecole Polytechnique Federale de Lausanne Olga Briukhova, University of Zurich Teng Wang, Federal Reserve Board of Governors [89] Saturday, June 27 @ 12:30 PM–2:15 PM Allied Society: IBEFA LABOR AND FINANCE Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Filipe Correia, University of Illinois at Urbana-Champaign Papers: The Financial Channels of Labor Rigidities: Evidence from Portugal

Edoardo Maria Acabbi*, Harvard University, Ettore Panetti, Banco de Portugal, and Sforza Alessandro, University of Bologna

Income Inequality and Bank Risk Yuliyan Mitkov*, University of Bonn, and Ulrich Schuewer, Goethe Universitat Frankfurt

Is Corporate Credit Risk Propagated to Employees? Filipe Correia*, University of Illinois at Urbana-Champaign, Gustavo Cortes, University of Florida, and Thiago Christiano da Silva, Banco Central do Brasil

Discussants: Filipe Correia, University of Illinois at Urbana-Champaign

Edoardo Maria Acabbi, Harvard University Yuliyan Mitkov, University of Bonn [90] Saturday, June 27 @ 12:30 PM–2:15 PM Contemporary Economic Policy THEORETICAL AND APPLIED RESEARCH IN BANKING Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Svatopluk Kapounek, Mendel University in Brno Papers: Open Banking System in China: Theoretical Model, Development Practices, and Policy Implications

Da Wang*, Jilin University A Study on the Factors Affecting the Performance of Taiwanese Commercial Banks

Chiyen Wu*, Chien Hsin University of Science and Technology, and Ping-Hung Chou, Chien Hsin University of Science and Technology

Bank Margins and Financial Frictions: Differences between Bank-Based and MarketBased Systems

Svatopluk Kapounek*, Mendel University in Brno Discussants: Svatopluk Kapounek, Mendel University in Brno Yanfei Sun, Ryerson University Ping-Hung Chou, Chien Hsin University of Science and Technology [91] Saturday, June 27 @ 12:30 PM–2:15 PM President-Elect Featured BUSINESS TAXES AND INEQUALITY Organizer: Danny Yagan, University of California, Berkeley Chair: Danny Yagan, University of California, Berkeley Papers: Taxing Multinational Companies in the 21st Century

Kimberly Clausing*, Reed College General Business Credits: Estimating the Impact of a Regime Change in Mandatory Tax Disclosure

Laura S. Konda, U.S. Department of the Treasury, Elena Patel, University of Utah, and Nathan Seegert*, University of Utah

Tax Breaks and Executive Compensation Eric Ohrn*, Grinnell College

The Assessment Gap: Racial Inequalities in Property Taxation Carlos Avenancio-Leon*, Indiana University Bloomington, and Troup Howard, University of Utah

Discussants: Danny Yagan, University of California, Berkeley [92] Saturday, June 27 @ 12:30 PM–2:15 PM Individually Organized DEMOGRAPHY, HEALTH AND SOCIAL ISSUES Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Papers: Loss of a Child and Health of Chinese Older Adults: Short-Term vs Long-Term Relationships

Mingming Ma*, Shanghai University of Finance and Economics, and Fengyu Wu, Wake Forest University

Peer Effects in Child Rearing Behaviors Yiwei Qian*, University of Southern California

Explaining the Generation 2.5 Curse: An Evaluation of Time Use Data.

Hisham S. Foad*, San Diego State University Public Spending on Health, Education and Sustainable Goals: Does Corruption Matter?


Arafet Farroukh*, University of Tunis El Manar, Manel Mazioud, University of Tunis El Manar, and Nadia Selmi, Imam Abdulrahman Bin Faisal University

Discussants: Arafet Farroukh, University of Tunis El Manar Hisham S. Foad, San Diego State University Fengyu Wu, Wake Forest University Yiwei Qian, University of Southern California [93] Saturday, June 27 @ 12:30 PM–2:15 PM Individually Organized PERSONAL AND CORPORATE BANKRUPTCY Organizer: Jordan Lenger, University of Colorado Boulder Chair: Jordan Lenger, University of Colorado Boulder Papers: Strategic Debt in Bankruptcy

Bronson Argyle, Brigham Young University, Ben Iverson*, Brigham Young University, Taylor Nadauld, Brigham Young University, and Christopher J. Palmer, MIT Sloan

Firm Unionization and Bankruptcy Restructuring Joseph Halford, University of Nevada, Reno, Yung-Yu Ma, BMO Wealth Management, and Elizabeth Tashjian*, University of Utah

The Impact of Constraining Multiple Bankruptcy Refilings on the Discharge of Unsecured Credit

Jordan Lenger*, University of Colorado Boulder Discussants: Ryan C. Lewis, University of Colorado Boulder Alessandro Peri, University of Colorado Boulder [94] Saturday, June 27 @ 12:30 PM–2:15 PM Contemporary Economic Policy ECONOMICS OF CHINA: FIRM-LEVEL ANALYSIS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Shu Lin, Chinese University of Hong Kong Papers: Equilibrium Consequences of Corruption on Firms: Evidence from China’s AntiCorruption Campaign

Haoyuan Ding, Shanghai University of Finance and Economics, Hanming Fang, University of Pennsylvania, Shu Lin*, Chinese University of Hong Kong, and Kang Shi, Chinese University of Hong Kong

Business Cycle Synchronization across Chinese Provinces Lin Zhang*, Henan University

40 Years of Economic Reform: The Case of Pudong New Area Open Economic Zone in Shanghai

Volker Seiler*, Xi'an Jiaotong-Liverpool University, Bernard Gilroy, University of Paderborn, Christian Peitz, University of Paderborn, and Nico Stoeckmann, University of Paderborn

Discussants: Lin Zhang, Henan University Jacob Tandoh, South Dakota State University Shu Lin, Chinese University of Hong Kong [96] Saturday, June 27 @ 12:30 PM–2:15 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [97] Saturday, June 27 @ 12:30 PM–2:15 PM Allied Society: TPUG VEHICLES: CONGESTION, POLLUTION AND HEALTH Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: Margaret Bock, West Virginia University Papers: Air Pollution and Infant Mortality: A Natural Experiment from Vehicle Registration Restriction

Shuhei Nishitateno*, Kwansei Gakuin University Stuck in Traffic: Measuring Congestion Externalities with Negative Supply Shocks

Roberto Mosquera*, Universidad de Las Americas Medium to Long Run Effects of CAFE standards on Vehicle Miles Travelled

Diya B. Mazumder*, Soka University (Federally-Funded) Country Roads: Impact of the Appalachian Development Highway System on Mortality

Margaret Bock*, West Virginia University Discussants: Roberto Mosquera, Universidad de Las Americas Shuhei Nishitateno, Kwansei Gakuin University Margaret Bock, West Virginia University Diya B. Mazumder, Soka University [98] Saturday, June 27 @ 12:30 PM–2:15 PM Allied Society: NAASE TOPICS ON COMPETITIVE BALANCE IN PROFESSIONAL SPORTS Organizer: Jane E. Ruseski, West Virginia University Chair: Qi Ge, Vassar College Papers: Vertical Integration and Competitive Balance in Professional Sports: Evidence from Minor League Baseball

Qi Ge*, Vassar College, and Brad R. Humphreys, West Virginia University

When Is A Tax Not A Tax? MLB's CBT Rodney D. Fort*, University of Michigan, Ann Arbor

Competitive Balance and Match Attendance in The Rugby Championship

David Ross Booth*, Monash University, Ben Muratore, Monash University, and Robert Brooks, Monash University

A Theoretical Model and Empirical Test for Uncertainty of Outcome Hypothesis

Young Hoon Lee*, Sogang University, and Doyoung Kim, Sogang University

Discussants: from above participants [99] Saturday, June 27 @ 2:30 PM–4:15 PM Professional Development GRANT-SEEKING FROM PRIVATE FUNDERS AND FOUNDATIONS: WHAT INVESTIGATORS SHOULD KNOW Organizer: James A. Wilson, Russell Sage Foundation Moderator: James A. Wilson, Russell Sage Foundation Panelists: David Anderson, Arnold Ventures James A. Wilson, Russell Sage Foundation [100] Saturday, June 27 @ 2:30 PM–4:15 PM Individually Organized

Sponsored by the Center for Research on Innovation and Competition INNOVATION, COMPETITION AND FIRM ACTIVITIES (CRIC SESSION 1) Organizer: Jungsoo Park, Sogang University Chair: Daisuke Miyakawa, Hitotsubashi University Papers: Damage to the Transportation Infrastructure and Disruption of Interfirm Transactional Relationships

Kaoru Hosono*, Gakushuin University, Daisuke Miyakawa, Hitotsubashi University, Arito Ono, Chuo University, Hirofumi Uchida, Kobe University, and Iichiro Uesugi, Ministry of Economy, Trade & Industry, Japan

What Determines Business Closing? Competition vs. Service Differentiation: The Comparison of Local Coffeehouse at Seoul and Jeju


Jinhyun Ahn*, Jeju National University, Seolwoo Park, Jeju National University, and Janghee Cho*, Jeju National University

The Impact of Doctoral Careers on Firm Innovations: An Analysis Using the Japanese National Innovation Survey

Tomohiko Inui*, Gakushuin University, and Yuya Ikeda, National Institute of Science and Technology Policy

Labor Market Concentration on Wage, Employment, and Exit of Plants: Empirical Evidence with Minimum Wage Hike

Atsuko Izumi*, Japan Fair Trade Commission, Naomi Kodama, Nihon University, and Hyeog Ug Kwon, Nihon University

Discussants: from above participants [101] Saturday, June 27 @ 2:30 PM–4:15 PM Individually Organized: Defense DEFENSE ECONOMICS: DEFENSE SPENDING AND CONTRACTING Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Edward G. Keating, Congressional Budget Office Papers: DoD Buying Power

Carol S. Moore*, Office of the Secretary of Defense Buying Down Risk: Costs and Risks Associated with Army Contracting to Enable Rapid Movement and Deter Adversary Aggression

Molly Dunigan*, RAND Corporation, Jeff Broughton, RAND Corporation, Katherine Hastings, RAND Corporation, Ryan Schwankhart, RAND Corporation, Karlyn Stanley, RAND Corporation, and Jonathan Welch, RAND Corporation

Economic Effect Analysis of Korean Defense Expenditures Based on 2015 Defense Input-Output Tables

Jae Ok Paek*, Korea Institute for Defense Analyses Discussants: Laura H. Baldwin, RAND Corporation Charles K. Pickar, Naval Postgraduate School Ellen M. Pint, RAND Corporation [102] Saturday, June 27 @ 2:30 PM–4:15 PM Individually Organized: Defense MANNING THE MEDICAL FORCE Organizers: Lauren Malone, CNA Corporation, and Kyle Neering, CNA Corporation Chair: Lauren Malone, CNA Corporation Papers: The Shortage of Physicians in the U.S. Army Reserve

Lauren Malone*, CNA Corporation Designing the Force Fitness Instructor Program Assessment

Amanda Kraus*, CNA Corporation The Cost of Medical Accessions

Daniel M. Leeds*, CNA Corporation Improving Reserve Component Medical Readiness

Sarah K. John*, Institute for Defense Analyses Discussants: Patrick Luan, Institute for Defense Analyses Sebastian Negrusa, The Lewin Group Sarah K. John, Institute for Defense Analyses Kara Mandell, CNA Corporation [103] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: SABE BELIEFS AND BIASES Organizer: John Ifcher, Santa Clara University Chair: John Ifcher, Santa Clara University Papers: The Effect of Presented Order on Preference Order in High-Stakes Decisions: Evidence from West Point

Justin Elisha Grose*, United States Military Academy Costly Misperceptions: Suggestions for Two Behavioral Interventions to Improve Tax Compliance

Gursel R Aliyev*, Pardee RAND Graduate School, Andrew M. Parker, RAND Corporation, Kim M. Bloomquist, Internal Revenue Service, Sebastian Linnemayr, RAND Corporation, and Raffaele Vardavas, RAND Corporation

How Much to Save? Decision Costs and Retirement Plan Participation Richard W. Patterson*, United States Military Academy, Jacob Goldin, Stanford Law School, Tatiana Homonoff, Wagner College, and Bill Skimmyhorn, United States Military Academy

Discussants: from above participants [104] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: ESA NEW METHODS AND APPLICATIONS Organizers: C. Monica Capra, Claremont Graduate University, and Yuxin Su, Claremont Graduate University Chair: Yuxin Su, Claremont Graduate University Papers: The Sound of Trustworthiness: Voice and Deception in Prisoner Dilemma Games with Pre-Play Communication

Shanshan Zhang*, Claremont Graduate University, C. Monica Capra, Claremont Graduate University, and Matthew Victoria Gomies, Claremont Graduate University

Stocking Up or Putting Off? Durability Versus Procrastination in Transitory Health Spending

Kevin Devereux*, University College Dublin Cryptocurrency Valuation and Machine Learning

Yulin Liu, Dfinity, and Luyao Zhang*, East China Normal University An Experimental Study of Common Knowledge and Coordination on Social Networks

C. Monica Capra*, Claremont Graduate University, Gizem Korkmaz, University of Virginia, Vicki Lancaster, University of Virginia, Teja Pristavec, University of Virginia, Chris Kuhlman, University of Virginia, and Fernando Vega-Redondo, Bocconi University

Discussants: from above participants [105] Saturday, June 27 @ 2:30 PM–4:15 PM Individually Organized INSIGHTS ON MONETARY POLICY AND INTERNATIONAL FINANCE Organizer: Raul Cruz Tadle, California State University, Sacramento Chair: Eric Fischer, Federal Reserve Bank of San Francisco Papers: SFX Interventions, Financial Intermediation, and External Shocks in Emerging Economies

Alex Carrasco, Central Bank of Peru, and David Florian Hoyle*, Central Bank of Peru

An Index of Market-Based Monetary Policy Sentiment Jae Hoon Choi, Xavier University, and Christopher Limnios*, Providence College

Early Warning Indicators of Industry Risk for Financial Stability Monitoring

Eric Fischer, Federal Reserve Bank of San Francisco, Arkady Gevorkyan, Federal Reserve Bank of Cleveland, and Carlos A. Gutierrez-Mangas*, Federal Reserve Bank of Chicago

Monetary Policy Press Releases: An International Comparison Mario Gonzalez, Central Bank of Chile, and Raul Cruz Tadle*, California State University, Sacramento

Aggregate Implication of Regional Bank Heterogeneity to Monetary Policy Bank Lending Channel

Mai Hakamada, University of California, Santa Cruz, and Akatsuki Sukeda*, London School of Economics and Political Science

Discussants: Christopher Limnios, Providence College Brian McNamara, Federal Reserve Bank of Chicago


[106] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: IBEFA ECONOMICS OF PAYMENTS SESSION 3: TRENDS AND SECURITY Organizer: Kim P. Huynh, Bank of Canada Chair: Xiaoling Ang, Edgeworth Economics Papers: U.S. Consumer Cash Use, 2012-2018: An Introduction to the Diary of Consumer Payment Choice

Scott Schuh, West Virginia University, Claire Greene, Federal Reserve Bank of Boston, and Shaun O'Brien*, Federal Reserve Bank of San Francisco

Fraud Exposure and Precautionary Credit Market Behavior Ying Lei Toh*, Federal Reserve Bank of Kansas City, and Nathan E. Blascak, Federal Reserve Bank of Philadelphia

Eggs in One Basket: Security and Convenience of Digital Currencies Francisco Rivadeneyra*, Bank of Canada, Charles M. Kahn, University of Illinois at Urbana-Champaign, and Russell Wong, Federal Reserve Bank of Richmond

Discussants: HIroshi Fujiki, Chuo University Scott Schuh, West Virginia University Fumiko Hayashi, Federal Reserve Bank of Kansas City [107] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: IBEFA BANKS AND TAXES Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Robert DeYoung, University of Kansas Papers: The Macroeconomic Effects of the Tax Cuts and Jobs Act

Filippo Occhino*, Federal Reserve Bank of Cleveland The Real Effects of Bank Taxation

Dimitris Chronopoulos, University of St. Andrews, Anna Sobiech*, University of St Andrews, and John O. S. Wilson, University of St Andrews

Revisiting the 2003 Dividend Tax Cut: Evidence from Bank Lending Yeonju Jang*, Florida International University, and Robert DeYoung, University of Kansas

Discussants: Robert DeYoung, University of Kansas Filippo Occhino, Federal Reserve Bank of Cleveland Anna Sobiech, University of St Andrews [108] Saturday, June 27 @ 2:30 PM–4:15 PM Contemporary Economic Policy INTERNATIONAL MONEY AND FINANCE 1 Organizer: Thomas D. Willett, Claremont Graduate University Chair: Ozan Sula, Western Washington University Papers: Seasonal Decomposition of Abnormal Market Movements

Rebecca Anne Bommarito*, Claremont Graduate University, and Hisam Sabouni, Claremont Graduate University

The Effects of Mandated Stress-Testing on Bank Risk Nikhil Mathur*, Claremont Graduate University

Regional Exchange Rate Misalignment in China Jie Li*, Central University of Finance and Economics, China, Han Gao, Central University of Finance and Economics, China, and Naixin Zhang, Central University of Finance and Economics, China

Discussants: Levan Efremidze, Pepperdine University Alice Y. Ouyang, Central University of Finance and Economics, China Shan Xue, Claremont Graduate University [109] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: IBEFA LARGE BANKS AND AGGREGATE RISK Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Yavuz Arslan, Bank for International Settlements

Papers: Are the Largest Banking Organizations Operationally More Risky?

Filippo Curti*, Federal Reserve Bank of Richmond, W. Scott Frame, Federal Reserve Bank of Atlanta, and Atanas Mihov, Federal Reserve Bank of Richmond

Bank Concentration, Mortgage Lending and House Prices Ozlem Dursun-de Neef*, Goethe Universitat Frankfurt

Credit Supply Driven Boom-Bust Cycles Yavuz Arslan*, Bank for International Settlements, Bulent Guler, Indiana University Bloomington, and Burhanettin Kuruscu, University of Toronto

Discussants: Yavuz Arslan, Bank for International Settlements Filippo Curti, Federal Reserve Bank of Richmond Ozlem Dursun-de Neef, Goethe Universitat Frankfurt [110] Saturday, June 27 @ 2:30 PM–4:15 PM Individually Organized POVERTY, FOOD INSECURITY, PUBLIC POLICIES AND HEALTH Organizer: Brady P. Horn, University of New Mexico Chair: Brady P. Horn, University of New Mexico Papers: The Effect of SNAP Drug Felony Ban Opt-outs on Food Security

Usamah Wasif*, University of New Mexico, Katherine Gutiérrez, University of New Mexico, and Brady P. Horn, University of New Mexico

The Effect of SNAP Access on the Health of Low-Income Elderly Xiaoxue Li*, University of New Mexico, Brady P. Horn, University of New Mexico, and Gabriel R. Sanchez, University of New Mexico

Food Taxes, Food Insecurity, and Ethnic Disparities in Majority-Minority US States

Katherine Gutiérrez*, University of New Mexico Spatial Variation in Disability and Poverty in West Virginia Households

Brad R. Humphreys, West Virginia University, and Jane E. Ruseski*, West Virginia University

Discussants: Michael Hensley, University of New Mexico Richard Santos, University of New Mexico Jacob Miller, Southern Utah University Aakrit Joshi, University of New Mexico [111] Saturday, June 27 @ 2:30 PM–4:15 PM Contemporary Economic Policy ECONOMICS OF EDUCATION Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Nathan Wozny, U.S. Air Force Academy Papers: Academic Procrastination, Task Consumption and Students’ Academic Performance

Qaisar Khan*, Lahore University of Management Sciences Randomly Assigned Advisement and Student Outcomes

Aaron Albert*, U.S. Air Force Academy National Human Capital Investment and Firm’s Oligopsony Power in Labor Market: Evidence from Higher Education Expansion in China

Jiawu Dai, Hunan Normal University, Julan Du*, Chinese University of Hong Kong, and Xun Li, Wuhan University

Opportunity and CPA Exam Performance Arya Espahbodi, Bard High School Early College Baltimore, Linda Espahbodi, Washburn University, Reza Espahbodi, Washburn University, Rosemary Walker*, Washburn University, G. Thomas White, Washburn University, and Frank Wood, Washburn University

Discussants: Nathan Wozny, U.S. Air Force Academy


Julan Du, Chinese University of Hong Kong Rosemary Walker, Washburn University Qaisar Khan, Lahore University of Management Sciences [112] Saturday, June 27 @ 2:30 PM–4:15 PM Contemporary Economic Policy APPLIED LABOR RESEARCH 2 Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Wei Zou, Wuhan University Papers: The Effects of Skill Mismatches on Wages by Level of Employment Protection

Keiko Tamada*, Fukuoka University Digital Transformation in the German Economy and Its Effects on Employee Well-Being

Tobias Haepp*, Institute for Employment Research (IAB) The Impacts of Globalization on the Labor Share: Evidence from Asia

Xiaoshan Hu, Fudan University, Guanghua Wan, Fudan University, and Jing Wang*, Chongqing Technology and Business University

Discussants: Wei Zou, Wuhan University Haobin Fan, Shanghai Academy of Social Sciences Tobias Haepp, Institute for Employment Research (IAB) [113] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: TPUG BROADBAND AND INTERNET MARKETS AND REGULATION Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: James H. Alleman, University of Colorado Boulder Papers: Measuring the Effects of Municipal Broadband

Sarah Oh*, Technology Policy Institute How Platform Components Impact Ecosystem Value: The Case of the iPhone and Mobile Broadband

Mark Jamison*, University of Florida, and Peter Wang, University of Florida

Multisided Markets and Platform Dominance James H. Alleman*, University of Colorado Boulder, Edmond Baranes, University of Montpellier, and Paul Rappoport, Temple University

Applying Antitrust in Digital Markets: Foundations and Approaches Mark Jamison*, University of Florida

Discussants: Mark Jamison, University of Florida Sarah Oh, Technology Policy Institute Mark Jamison, University of Florida James H. Alleman, University of Colorado Boulder [114] Saturday, June 27 @ 2:30 PM–4:15 PM Individually Organized LATIN AMERICAN POLITICAL AND SOCIAL STABILITY Organizer: Diego E. Vacaflores, Texas State University Chair: Diego E. Vacaflores, Texas State University Papers: The Turn to the Left in Latin America: Direct, Indirect and Spillover Effects of Economic Voting

Diego E. Vacaflores*, Texas State University Household Response to Escalating Violence in Mexico

Luisa Blanco*, Pepperdine University, Robin Grier, Texas Tech University, Kevin B Grier, Texas Tech University, and Daniel L. Hicks, University of Oklahoma

Evo Morales and Electoral Fraud in Bolivia: A Natural Experiment Estimate

Diego Escobari*, University of Texas Rio Grande Valley, and Gary A. Hoover, University of Oklahoma

Discussants: Diego Escobari, University of Texas Rio Grande Valley Luisa Blanco, Pepperdine University Diego E. Vacaflores, Texas State University [115] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: MEEA ENVIRONMENT Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Ahmed Khalifa Sr., Qatar University Papers: Local Environmental Movements: Do they Support the National Environmental Agenda?

Salpie Djoundourian*, Lebanese American University Modelling Household Energy Expenditure in Egypt Using a Quantile Regression Approach

Fateh Belaid*, Lille Catholic University, and Christophe Rault, University or Orleans and University of Michigan

The Nexus between CO2 Emissions and Economic Activities: What Should be Done to Have an Inverted EKC’s U-Shape?

Ahmed Khalifa Sr.*, Qatar University, Alanoud Al-Maadid, Qatar University, Massimiliano Caporin, University of Padova, and Tommaso Di Fonzo, University of Padova

Discussants: Ahmed Khalifa Sr., Qatar University Salpie Djoundourian, Lebanese American University Fateh Belaid, Lille Catholic University [116] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [117] Saturday, June 27 @ 2:30 PM–4:15 PM Volunteer Individual REGIONAL WELFARE Chair: Vladimir Fleurimond, Blackburn College Papers: Disentangling the Causes of Income Segregation

Andrea Craig*, University of Windsor, and Alice Grgicak-Mannion, University of Windsor

The Effect of Residential Segregation on Social Segregation: Evidence from Flickr

Kirsten Cornelson*, University of Notre Dame Price Discrimination within Localized Real Estate Markets

Jason Gurtovoy*, Embry-Riddle Aeronautical University Gender of Board of County Supervisors and Fiscal Outcomes: Evidence From a Dynamic Regression Discontinuity Analysis

Vladimir Fleurimond*, Blackburn College Discussants: Kirsten Cornelson, University of Notre Dame Jason Gurtovoy, Embry-Riddle Aeronautical University Vladimir Fleurimond, Blackburn College Andrea Craig, University of Windsor Joshua J. Miller, U.S. Department of Housing and Urban Development [118] Saturday, June 27 @ 2:30 PM–4:15 PM Allied Society: NAASE WAGE DETERMINATION AND DISPARITY IN MAJOR LEAGUE BASEBALL Organizer: Jane E. Ruseski, West Virginia University Chair: Craig A. Depken II, University of North Carolina, Charlotte


Papers: Wage Disparity and Team Productivity: Expectations vs. Reality

Craig A. Depken II*, University of North Carolina, Charlotte Pay Disparity and Team Performance in Major League Baseball: A Causality Analysis with Heterogeneous Panel Data

Sheng-Ping Yang*, Gustavus Adolphus College, and Jeffrey G. Owen, Gustavus Adolphus College

An Extended View of the Moneyball Hypothesis Ryan Pinheiro*, University of Michigan, Ann Arbor, and Stefan Szymanski, University of Michigan, Ann Arbor

Discussants: from above participants [119] Saturday, June 27 @ 4:30 PM–6:15 PM Professional Development and Allied Society: CSMGEP GRANT-SEEKING FROM GOVERNMENT FUNDERS Organizer: Kalena Cortes, IZA [120] Saturday, June 27 @ 4:30 PM–6:15 PM Individually Organized FIRM DECISION-MAKING AND MARKETS Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Salpie Djoundourian, Lebanese American University Papers: Frenemies in the Music Streaming Market: Exclusive Contract and Sub-Licensing

Zhen Chen*, University of Southern California Distortion-Proof for the Nash-in-Nash Solution

Yejia Xu*, University of Southern California Panel Threshold Model with Cross Sectional Dependence

Yimeng Xie*, University of Southern California Two Attributes of Goods and Bayesian Persuasion: Fit, Quality and Optimal Blurring of Advertising

KyunHwa Kim*, SolBridge International School of Business, and JongJae Lee, Wuhan University

Discussants: Yejia Xu, University of Southern California Zhen Chen, University of Southern California KyunHwa Kim, SolBridge International School of Business Yimeng Xie, University of Southern California [121] Saturday, June 27 @ 4:30 PM–6:15 PM Contemporary Economic Policy TOPICS IN MICRO THEORY Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Jiabin Wu, University of Oregon Papers: The Learning, Timing, and Pricing of the Option to Invest with Guaranteed Debt and Asymmetric Information

Pengfei Luo, Hunan University, Huamao Wang, University of Kent, and Zhaojun Yang*, Southern University of Science and Technology

Pricing Internal Trade, Licensing External Rivals, and Market Performance”

Shih-Jye Wu*, National Sun Yat-Sen University, Taiwan Matching Markets and Cultural Selection

Jiabin Wu*, University of Oregon Discussants: Jiabin Wu, University of Oregon Zhaojun Yang, Southern University of Science and Technology Shih-Jye Wu, National Sun Yat-Sen University, Taiwan [122] Saturday, June 27 @ 4:30 PM–6:15 PM

Individually Organized

Sponsored by the Center for Research on Innovation and Competition INNOVATION AND PRODUCTIVITY (CRIC SESSION 2) Organizer: Jungsoo Park, Sogang University Chair: Jungsoo Park, Sogang University Papers: An Empirical Analysis on Spillover Structure of Total Factor Productivity

Jinkwon Lee*, Sogang University, and Young Hoon Lee, Sogang University

Do Overseas Subsidiaries Benefit from Parent Firms' Intangibles? Kaoru Hosono*, Gakushuin University, Daisuke Miyakawa, Hitotsubashi University, and Miho Takizawa, Gakushuin University

The Role of Business Group in Creating New Innovative Firms: Evidence from Partially Owned Firms in Japan

YoungGak Kim*, Senshu University, and Sadao Nagaoka, Tokyo Keizai University

Labor Productivity and Wage in Korea Jungsoo Park*, Sogang University

Discussants: from above participants [123] Saturday, June 27 @ 4:30 PM–6:15 PM Individually Organized: Defense MEDICAL READINESS IMPACT ON OVERALL FORCE READINESS Organizer: Kara Mandell, CNA Corporation Chair: Kara Mandell, CNA Corporation Papers: The Contribution of the Medical Force to Operational Success

Kara Mandell*, CNA Corporation Healthcare-Related Predictors of Individual Medical Readiness

Kara Mandell*, CNA Corporation The Effects of Changing Medical Waiver Criteria on Force Generation

Lauren Malone*, CNA Corporation Discussants: Christine Yee, University of Maryland, Baltimore County James M. Bishop, Institute for Defense Analyses [124] Saturday, June 27 @ 4:30 PM–6:15 PM Allied Society: SABE TOPICS IN BEHAVIORAL ECONOMICS Organizer: John Ifcher, Santa Clara University Chair: John Ifcher, Santa Clara University Papers: Decentralized Matching with Transfers: Experimental and Noncooperative Analyses

Jiabin Wu*, University of Oregon, Simin He, Shanghai University of Finance and Economics, and Hanzhe Zhang, Michigan State University

Sucker Aversion in Charitable Giving Sandra Hughes Goff*, Skidmore College

Effects of Exchange Rates in Contests/Effects of Exchange Rate on Investments in Contests

Yumiko Baba*, Aoyamagakuin University Discussants: from above participants [125] Saturday, June 27 @ 4:30 PM–6:15 PM Allied Society: IBEFA ECONOMICS OF PAYMENTS SESSION 4: ECONOMICS OF CRYPTOCURRENCIES Organizer: Kim P. Huynh, Bank of Canada Chair: Kim P. Huynh, Bank of Canada Papers: Bitcoin's Micropayment Myth

Fahad Saleh, McGill University, Sean Foley, University of Sydney, Kose John, New York University, and Franz Hinzen*, New York University


An Examination of the Cryptocurrency Pump and Dump Ecosystem Tyler Moore*, University of Tulsa, JT Hamrick, University of Tulsa, and Farhang Rouhi, University of New Mexico

Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies Maarten van Oordt*, Bank of Canada, and Rodney Garratt, University of California, Santa Barbara

Discussants: Tyler Moore, University of Tulsa Maarten van Oordt, Bank of Canada Franz Hinzen, New York University [126] Saturday, June 27 @ 4:30 PM–6:15 PM Allied Society: IBEFA TERM STRUCTURE AND EXPECTATIONS Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Asad Dossani, Colorado State University, Fort Collins Papers: (Un)Expected Monetary Policy Shocks and Term Premia

Alexander Meyer-Gohde*, Goethe Universitat Frankfurt, and Martin Kliem, Deutsche Bundesbank

The Safety Premium of Safe Assets Jens H. E. Christensen*, Federal Reserve Bank of San Francisco, and Nikola Mirkov, Swiss National Bank

Risk, Return, and Inflation Expectations Asad Dossani*, Colorado State University, Fort Collins

Discussants: Asad Dossani, Colorado State University, Fort Collins Alexander Meyer-Gohde, Goethe Universitat Frankfurt Jens H. E. Christensen, Federal Reserve Bank of San Francisco [127] Saturday, June 27 @ 4:30 PM–6:15 PM Contemporary Economic Policy INTERNATIONAL MONEY AND FINANCE 2 Organizer: Thomas D. Willett, Claremont Graduate University Chair: Graham Bird, Claremont Institute for Economic Policy Studies Papers: Macro-Prudential Policies and the Shadow Banking Activities in China

Alice Y. Ouyang*, Central University of Finance and Economics, China

Foreign Holdings of Local Currency Bonds in Indonesia Yudistira Slamet*, Claremont Graduate University

The Degree of Monetary Autonomy in Korea Jennifer Lee Choi*, Claremont Graduate University

Capital Flow Surges, Stock Market Booms, and Capital Flow Reversals

Yongseok Choi*, Claremont Graduate University, Levan Efremidze, Pepperdine University, Ozan Sula, Western Washington University, Anna Terzyan, Loyola Marymount University, and Thomas D. Willett, Claremont Graduate University

Discussants: Anna Terzyan, Loyola Marymount University Frank Zhijun Gao, Claremont Graduate University Nazee Sarafzadeh, Claremont Institute for Economic Policy Studies Jie Li, Central University of Finance and Economics, China [128] Saturday, June 27 @ 4:30 PM–6:15 PM Volunteer Individual BUSINESS CYCLES AND RESERVES Chair: Nestor Azcona, Providence College Papers: Sovereign Debt and International Reserves

Jing Wei*, Stony Brook University SUNY Dissecting Global Business Cycle Co-Movement

Paul Ilhak Ko*, Pennsylvania State University, University Park The Granular Origins of Sovereign Risk

Jun Hee Kwak*, University of Maryland, College Park Trade, Industry Composition and Business Cycle Co-Movement

Nestor Azcona*, Providence College Discussants: Paul Ilhak Ko, Pennsylvania State University, University Park Jun Hee Kwak, University of Maryland, College Park Nestor Azcona, Providence College Jing Wei, Stony Brook University SUNY [129] Saturday, June 27 @ 4:30 PM–6:15 PM Allied Society: IBEFA INFORMATION IN CREDIT MARKETS Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Sigurd Galaasen, Norges Bank Papers: Production Of Information In The Credit Market: Evidence From A Public Intervention

Christophe Cahn, Banque de France, Mattia Girotti*, Banque de France, and Federica Salvade, PSB Paris School of Business

A Machine Learning Approach to the Digitalization of Bank Customers: Evidence from Random and Causal Forests

Santiago Carbo-Valverde*, CUNEF, Bangor University and Funcas, Pedro J. Cuadros-Solas*, CUNEF and Funcas, and Francisco Rodriguez-Fernandez, Universidad de Granada and Funcas

Granular Credit Risk Sigurd Galaasen*, Norges Bank, Rustam Jamilov, London Business School, and Ragnar Juelsrud, Norges Bank

Discussants: Sigurd Galaasen, Norges Bank Mattia Girotti, Banque de France Pedro J. Cuadros-Solas, CUNEF and Funcas [130] Saturday, June 27 @ 4:30 PM–6:15 PM Volunteer Individual DRUG POLICY AND THERAPY QUALITY Chair: Jeffrey Michael Swigert, Southern Utah University Papers: Local Access to Recreational Marijuana and Youth Substance Use

Christopher A. Ambrose*, Washington State University Pullman Impact of Recreational Marijuana Legalization on Opioid Use in Colorado

Christine Buttorff*, RAND Corporation, Rosalie Liccardo Pacula, University of Southern California, Greg Tung, University of Colorado Denver, Sam Wang, University of Colorado Denver, Asa Wilks, RAND Corporation, Lisa Jonsson, Pardee RAND Graduate School, and Amii Kress, Johns Hopkins University

Deaths by a Thousand Cuts: Model and Case Studies to Assess and Guide Illicit Drug Policy Surrounding the Dealer-Consumer Relationship

Jacob Miller*, Southern Utah University Measuring the Impacts of Therapists: Evidence from a Value-Added Approach on an Online Therapy Platform

Jeffrey Michael Swigert*, Southern Utah University, Joshua A. Price, Southern Utah University, Jacob Miller, Southern Utah University, T. Derrick Hull, Talkspace, LLC, and Mitchell Zufelt, Southern Utah University

Discussants: Christine Buttorff, RAND Corporation Jacob Miller, Southern Utah University Jeffrey Michael Swigert, Southern Utah University Christopher A. Ambrose, Washington State University Pullman [131] Saturday, June 27 @ 4:30 PM–6:15 PM Individually Organized ECONOMICS OF SECONDARY AND POST-SECONDARY EDUCATION Organizer: Laura Crispin, Saint Joseph's University, Pennsylavnia Chair: Laura Crispin, Saint Joseph's University, Pennsylavnia


Papers: Show Me Your Friend to Tell You How You Fare: Peers Effects on Bullying and Academic Achievement

Dimitrios Nikolaou*, Illinois State University How Affluence is Distributed in American Academia: An Analysis of Endowments

Manu Raghav*, DePauw University, and Robert K. Toutkoushian, University of Georgia, Athens

The Effect of Late-Career Pension Enhancement on Forward Looking Retirement Decisions of Public School Teachers

Dongwoo Kim*, Texas Christian University Effects of Museum Attendance on Educational Outcomes in High School

Laura Crispin*, Saint Joseph's University, Pennsylavnia, and Molly Beck, University of Arkansas, Fayetteville

Discussants: from above participants [132] Saturday, June 27 @ 4:30 PM–6:15 PM Volunteer Individual GENDER ISSUES AND POLICY Chair: Melaku T. Abegaz, University of Minnesota Duluth Papers: Gender Differences in STEM Majors

Adam Bestenbostel*, Texas A&M University, College Station Women’s Challenges under Two-Child Policy

Shih-Ting Huang*, Southwestern University of Finance and Economics, and Chengrui Xiao, Southwestern University of Finance and Economics

Vulnerable Boys: Short-Term and Long-Term Gender Differences in the Impacts of Adolescent Disadvantage

Ziteng Lei*, University of California, Santa Barbara, and Shelly Lundberg, University of California, Santa Barbara

Gender Test Score Gap in National Secondary Education Examination in Ethiopia

Melaku T. Abegaz*, University of Minnesota Duluth Discussants: Shih-Ting Huang, Southwestern University of Finance and Economics Ziteng Lei, University of California, Santa Barbara Melaku T. Abegaz, University of Minnesota Duluth Adam Bestenbostel, Texas A&M University, College Station Ikechukwu D. Nwaka, Eastern Mediterranean University [133] Saturday, June 27 @ 4:30 PM–6:15 PM Contemporary Economic Policy ECONOMICS OF CHINA: EDUCATION AND MOBILITY Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Jing Wang, Chongqing Technology and Business University Papers: Glass Ceiling for Poor Children: Family Background and Intergenerational Education Mobility in China

Wei Zou*, Wuhan University Understanding Mental Poverty in China: The Non-cognitive Skills and Its Impact on Intergenerational Income Mobility

Xuanyue Zhang*, Chongqing University, and Shujie Yao, Chongqing University

Analyzing mobility and migration in China Jianfa Shen*, Chinese University of Hong Kong

Discussants: Jing Wang, Chongqing Technology and Business University Serdar Aydin, Southern Illinois University, Carbondale Xuanyue Zhang, Chongqing University [134] Saturday, June 27 @ 4:30 PM–6:15 PM Individually Organized

AGRICULTURAL ECONOMICS AND POLICY 20 YEARS AFTER THE FOUR FARMERS CASE Organizer: Walker F. Todd, University of Akron Moderator: Walker F. Todd, University of Akron Panelists: Eugene Schroder, Campo, Colorado (lead plaintiff) Ed Petrowsky, Pratt, Kansas (co-plaintiff) David Senter, American Agriculture Movement Walker F. Todd, University of Akron [135] Saturday, June 27 @ 4:30 PM–6:15 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [136] Saturday, June 27 @ 4:30 PM–6:15 PM Contemporary Economic Policy URBAN ECONOMIC ISSUES Organizer: Gary A. Wagner, Federal Reserve Bank of Cleveland Chair: Dean Stansel, Southern Methodist University Papers: Economic Freedom and Happiness in U.S. Metro Areas

Dean Stansel*, Southern Methodist University, Adam Hyde, Wake Forest University, and Jeremy Jackson, North Dakota State University

Interstate Cigarette Tax Differentials, Cross Border Shopping, and the Effects on Establishments and Employment

Robert Lantis, Ball State University, Erik Nesson, Ball State University, and Todd M. Nesbit*, Ball State University

Do Cultural Districts Spur Urban Redevelopment? Evidence from Louisiana

Javier Portillo, University of Louisiana, and Gary A. Wagner*, Federal Reserve Bank of Cleveland

Regulation and Amenities Across Space Christos Makridis*, Arizona State University and MIT Sloan

Discussants: from above participants [137] Sunday, June 28 @ 8:15 AM–10:00 AM Professional Development THE ROLE OF SOCIAL MEDIA IN THE RESEARCH PROCESS Organizer: Brad R. Humphreys, West Virginia University [138] Sunday, June 28 @ 8:15 AM–10:00 AM Contemporary Economic Policy APPLIED MICROECONOMICS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Stuart J. Wilson, University of Regina Papers: Establishing Evaluation Framework for Sustainable Marine Tourism in a Reef Recreational Area

Chun-Hung Lee*, National Dong Hwa University, Taiwan Air Pollution Increases Lottery Gambling

Shaoshuai Li, University of Macau, Jaimie Lien, Chinese University of Hong Kong, and Jia Yuan*, University of Macau

The Costs of Corrections: Assessing the Links between Inmate Counts and Costs of Correctional Facilities in Saskatchewan

Stuart J. Wilson*, University of Regina Discussants: Stuart J. Wilson, University of Regina Chun-Hung Lee, National Dong Hwa University, Taiwan Jia Yuan, University of Macau [139] Sunday, June 28 @ 8:15 AM–10:00 AM Individually Organized: Defense MILITARY RECRUITING: FACTORS INFLUENCING ENLISTMENT


Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: David Knapp, RAND Corporation Papers: Youth Information Networks and Propensity to Serve in the Military: Data Collection, Methods, and Preliminary Analysis

Diana G. Carew*, RAND Corporation Factors Influencing the Recruitment of NCOs in the ROK Army

David Shin*, Korea Institute for Defense Analyses Managing and Incentivizing Recruiters

Kyle Neering*, CNA Corporation High-Fidelity Forecasting for Improve Air National Guard Recruiting and Schools Planning

Julie A. Pechacek*, Institute for Defense Analyses, Joseph King, Institute for Defense Analyses, Alan Gelder, Institute for Defense Analyses, and James M. Bishop, Institute for Defense Analyses

Discussants: Song Bo Sim, Korea Institute for Defense Analyses Amanda Kraus, CNA Corporation David Knapp, RAND Corporation Amanda Stype, Eastern Michigan University [140] Sunday, June 28 @ 8:15 AM–10:00 AM Volunteer Individual MONETARY POLICY, LEARNING AND SHOCKS Chair: Denny Lie, University of Sydney Papers: Effects of Monetary Policy Shocks on the Exchange Rate in Taiwan: The Role of Capital Flows

Chao-Hsi Huang*, National Tsing Hua University, Taiwan Optimal Interest Rate Rules Under Nonlinearity: Towards a More General Policy Framework

Christian Payne Hennigan*, University of Colorado Boulder E-Money, Social Learning, and Monetary Policy

Arghya Bhattacharya*, Ashoka University Average Inflation Targeting and Interest-Rate Smoothing

Denny Lie*, University of Sydney Discussants: Christian Payne Hennigan, University of Colorado Boulder Arghya Bhattacharya, Ashoka University Denny Lie, University of Sydney Chao-Hsi Huang, National Tsing Hua University, Taiwan [141] Sunday, June 28 @ 8:15 AM–10:00 AM Individually Organized EXCHANGE RATES, CAPITAL FLOWS AND TRADE Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Jeffrey B. Nugent, University of Southern California Papers: Exchange Rate, Exportation and Importation in Transition Country: Application Based on Asymmetric Cointegration

Azza Ziadi*, Shaqra University, and Lamia Arfaoui, Bisha University Which Capital Flows Matter?

Bada Han*, University of Southern California Chinese Foreign Direct Investments in the Belt and Road Initiative Area

Jiaxuan Lu*, University of Southern California, and Jeffrey B. Nugent, University of Southern California

Discussants: Jeffrey B. Nugent, University of Southern California Jiaxuan Lu, University of Southern California Bada Han, University of Southern California Azza Ziadi, Shaqra University

[142] Sunday, June 28 @ 8:15 AM–10:00 AM Allied Society: IBEFA INFORMATION TECHNOLOGY IN BANKING Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Andrea Presbitero, International Monetary Fund Papers: Tech in Fin before FinTech: Blessing or Curse for Financial Stability

Nicola Pierri*, International Monetary Fund, and Yannick Timmer, International Monetary Fund

The Relationship Dilemma: Organizational Culture and the Adoption of Credit Scoring Technology in Indian Banking

Prachi Mishra*, International Monetary Fund, Nagpurnanand Prabhala, Johns Hopkins University, and Raghuram Rajan, University of Chicago

Technology Adoption, Market Structure, and the Cost of Bank Intermediation

Gianni De Nicolo, Johns Hopkins University, Andrea Presbitero, International Monetary Fund, Alessandro Rebucci, Johns Hopkins University, and Gang Zhang*, Cheung Kong Graduate School of Business

Discussants: Gang Zhang, Cheung Kong Graduate School of Business Nicola Pierri, International Monetary Fund Prachi Mishra, International Monetary Fund [143] Sunday, June 28 @ 8:15 AM–10:00 AM Allied Society: IBEFA FINANCIAL INNOVATION, SKIN IN THE GAME AND INCENTIVES Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Francisco Rodriguez-Fernandez, Universidad de Granada and Funcas Papers: The Impact of Skin in the Game on Bank Behavior in the Securitization Market

Martin Hibbeln*, University of Duisburg-Essen, and Werner Osterkamp, University of Duisburg-Essen

Concentration in Mortgage Markets: GSE Exposure and Risk-Taking in Uncertain Times

Ronel Elul*, Federal Reserve Bank of Philadelphia, Deeksha Gupta, Carnegie Mellon University, and David Musto, University of Pennsylvania

The Timing and Determinants of FinTech Profitability Francisco Rodriguez-Fernandez*, Universidad de Granada and Funcas, Santiago Carbo-Valverde, CUNEF, Bangor University and Funcas, and Pedro J. Cuadros-Solas, CUNEF and Funcas

Discussants: Ronel Elul, Federal Reserve Bank of Philadelphia Francisco Rodriguez-Fernandez, Universidad de Granada and Funcas Martin Hibbeln, University of Duisburg-Essen [144] Sunday, June 28 @ 8:15 AM–10:00 AM Individually Organized EDUCATION AND LABOR MARKET OUTCOMES Organizer: Patrick S. Turner, University of Notre Dame Chair: Patrick S. Turner, University of Notre Dame Papers: What’s in a Name? The Signaling Value of a University Education

Kirsten Clinton*, Harvard University Giving Someone Like Me a Shot: College Reputation and New Hires

Greg Madonia*, California State University, Chico Professor Value Added and Student Labor Market Outcomes

William E. Even, Miami University, Ohio, Deborah Fletcher, Miami University, Ohio, Gregory Niemesh, University of Miami, and Austin C. Smith*, Miami University, Ohio


The Labor Market Consequences of a High School Diploma After Dropping Out

Patrick S. Turner*, University of Notre Dame, and David Phillips, University of Notre Dame

Discussants: Greg Madonia, California State University, Chico Austin C. Smith, Miami University, Ohio Patrick S. Turner, University of Notre Dame Kirsten Clinton, Harvard University [145] Sunday, June 28 @ 8:15 AM–10:00 AM Allied Society: ASHE CURRENT ISSUES FACING U.S. HISPANIC COMMUNITIES Organizer: Sue K. Stockly, Eastern New Mexico University Chair: Mary J. Lopez, Occidental College Papers: The Educational Progress of U.S.-born Mexican Americans

Stephen Trejo*, University of Texas at Austin, and Brian Duncan, University of Colorado Denver

What Drives Hate? Susan Pozo*, Western Michigan University, Catalina Amuedo-Dorantes, University of California, Merced, and Estet Arenas Arroyo, Vienna University of Economics and Business

Hiring Hispanics in Departments of Economics Sue K. Stockly*, Eastern New Mexico University

Discussants: from above participants [146] Sunday, June 28 @ 8:15 AM–10:00 AM President-Elect Featured LAW AND ECONOMICS: NEW RESEARCH IN ANTITRUST AND TAXATION Organizer: Jacob Goldin, Stanford Law School Chair: Jacob Goldin, Stanford Law School Papers: Independent Contractors in Law and in Fact

Eleanor Wilking*, New York University School of Law The Assessment Gap: Racial Inequalities in Property Taxation

Carlos Avenancio-Leon*, Indiana University Bloomington, and Troup Howard, University of Utah

Merger Breakups Menesh Patel*, University of California, Davis, School of Law

Discussants: Nathan Seegert, University of Utah Patricia Tong, RAND Corporation Marshall Steinbaum, University of Utah [147] Sunday, June 28 @ 8:15 AM–10:00 AM Individually Organized BANKRUPTCY, ACCOUNTING STANDARDS AND SMALL BUSINESSES Organizer: Kashi Nath Tiwari, KNT's Academic Financial Research Chair: Kashi Nath Tiwari, KNT's Academic Financial Research Papers: Debt to Asset Ratio, Lyopunov Exponents, and Bankruptcy Prediction Model – New Evidence

David H. Lindsay*, California State University, Stanislaus, Annhenrie Campbell, California State University, Stanislaus, Gokce A. Soydemir, California State University, Stanislaus, and Kim B. Tan, California State University, Stanislaus

Minority-Owned Small Business Enterprises in North Baton Rouge, Louisiana – an Empirical Study

Sung C. No*, Southern University and A&M College Empirical Evidence on Valuation Models and Free Cash Flow Accounting

Frank Ohara*, University of San Francisco, and John Gonzales, University of San Francisco

Evolution of Accounting Standards and Efficiency in the Financial Trades

Kashi Nath Tiwari*, KNT's Academic Financial Research Technological Innovations, Displacements, and Financial Stability

Kashi Nath Tiwari*, KNT's Academic Financial Research Discussants: Sung C. No, Southern University and A&M College Kashi Nath Tiwari, KNT's Academic Financial Research Frank Ohara, University of San Francisco David H. Lindsay, California State University, Stanislaus [148] Sunday, June 28 @ 8:15 AM–10:00 AM Contemporary Economic Policy GROWTH AND DEVELOPMENT Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Saleheen Khan, Minnesota State University, Mankato Papers: Public Spending, Income Inequality and Economic Growth in Asian Countries: A Panel GMM Approach

Yobouet Thierry Bienvenu Gnangoin*, Dongbei University of Finance and Economics

Feldstein Horioka Puzzle for Emerging Market Economies Saleheen Khan*, Minnesota State University, Mankato

Innovation, Human Capital Development and Economic Growth in Ghana

Dominic Anyan Twumasi*, Shenzhen Aandoc Consults, China, Anthony Boakye Duah, Shenzhen Aandoc Consults, China, Patrick Claude Kumah, Shenzhen Aandoc Consults, China, and Samuel Kwame Anyan, Shenzhen Aandoc Consults, China

Discussants: Saleheen Khan, Minnesota State University, Mankato Dominic Anyan Twumasi, Shenzhen Aandoc Consults, China Yobouet Thierry Bienvenu Gnangoin, Dongbei University of Finance and Economics [149] Sunday, June 28 @ 8:15 AM–10:00 AM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [150] Sunday, June 28 @ 8:15 AM–10:00 AM Allied Society: TPUG AIR TRANSPORTATION: CONGESTION, ALLIANCES AND MERGERS Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: Andreas Knorr, German University of Administrative Sciences Speyer Papers: Airline Alliances and the Sustainability of Airline Competition in International Markets

Andreas Knorr*, German University of Administrative Sciences Speyer, and Alexander Eisenkopf, Zeppelin University

Rethinking the Allocation of Slots at Congested Airports: A Property Rights Perspective

Andreas Knorr*, German University of Administrative Sciences Speyer, and Alexander Eisenkopf, Zeppelin University

Optimal Promises: An Examination of Airlines and Beyond Daniel H. Simon*, Indiana University Bloomington, and Jeffrey T. Prince, Indiana University Bloomington

Quality Provision of a Smaller Major Airline Merger Shih-Hsien Chuang*, Northwest Missouri State University, and Junpyo Park, University of Northern Colorado

Discussants: Daniel H. Simon, Indiana University Bloomington Junpyo Park, University of Northern Colorado Andreas Knorr, German University of Administrative Sciences Speyer Andreas Knorr, German University of Administrative Sciences Speyer


[151] Sunday, June 28 @ 8:15 AM–10:00 AM Allied Society: NAASE ECONOMIC IMPACT OF PROFESSIONAL SPORTS TEAMS Organizer: Jane E. Ruseski, West Virginia University Chair: Nola Agha, University of San Francisco Papers: Comparing the Visitor Impact of Sporting Events vs. Cultural Events: Evidence from Hotel Data

Victor A. Matheson*, College of the Holy Cross, Robert W. Baumann, College of the Holy Cross, and E. Frank Stephenson, Berry College

The Impact of Professional Sports Facilities on the Local Banking Industry

Brad R. Humphreys, West Virginia University, Candon Johnson*, West Virginia University, and Eduardo Minuci, West Virginia University

The Economic Development Effect of Professional Teams and Stadia on Business Growth

Nola Agha*, University of San Francisco, and Daniel A. Rascher, University of San Francisco

Sports Stadiums and Property Values: Evidence from Cobb County, Georgia

John Charles Bradbury*, Kennesaw State University Discussants: from above participants [152] Sunday, June 28 @ 10:15 AM–12:00 PM Keynote Address GLOBALIZATION AND NATIONALISM Introduction: Alan Auerbach, University of California, Berkeley Address: Maurice Obstfeld, University of California, Berkeley, NBER, and the Peterson Institute [153] Sunday, June 28 @ 10:15 AM–12:00 PM Allied Society: IBEFA BANK AND NON-BANK LENDING Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: David E. Rappoport, Federal Reserve Board of Governors Papers: Examining Macroprudential Policy and Its Macroeconomic Effects: Some New Evidence

Soyoung Kim, Seoul National University, and Aaron N. Mehrotra*, Bank for International Settlements

Financial or Non-financial Shocks: the Rivals Which Play Together Hamed Ghiaie*, ESCP Business School

Credit Surfaces, Economic Activity, and Monetary Policy John Geanakoplos, Yale University, and David E. Rappoport*, Federal Reserve Board of Governors

Discussants: David E. Rappoport, Federal Reserve Board of Governors Aaron N. Mehrotra, Bank for International Settlements Hamed Ghiaie, ESCP Business School [154] Sunday, June 28 @ 10:15 AM–12:00 PM Allied Society: IBEFA MUTUAL FUNDS: CHOICES AND PREFERENCES Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Ricardo Barahona, Erasmus University Rotterdam Papers: The Role of Mutual Funds in Corporate Social Responsibility

Frank Zhichuan Li*, University of Western Ontario, Saurin Patel, Western University, and Ramani Srikanth, Western University

Fund Size and Managers’ Risk-Shifting: Evidence from Fund Mergers George Jiang, Washington State University Pullman, and Ping McLemore*, Federal Reserve Bank of Richmond

Why Can't Investors Pick the Right Index Fund?

Ricardo Barahona*, Erasmus University Rotterdam Discussants: Ricardo Barahona, Erasmus University Rotterdam Frank Zhichuan Li, University of Western Ontario Ping McLemore, Federal Reserve Bank of Richmond [155] Sunday, June 28 @ 12:15 PM–2:15 PM Presidential Address and Annual Business Meeting MORE NEW AGE THINKING AND ITS ECONOMIC CONSEQUENCES Introduction: James Poterba, Massachusetts Institute of Technology Address: John B. Shoven, Stanford University [156] Sunday, June 28 @ 2:30 PM–4:15 PM Professional Development

Sponsored by the Federal Reserve Bank of St. Louis ACTIVE LEARNING WITH FREDCAST: A HANDS-ON WORKSHOP Organizer: Diego Mendez-Carbajo, Federal Reserve Bank of St. Louis Facilitators:Diego Mendez-Carbajo, Federal Reserve Bank of St. Louis Maria Arias, Federal Reserve Bank of St. Louis Laura Ahlstrom, Oklahoma State University [157] Sunday, June 28 @ 2:30 PM–4:15 PM Individually Organized TRADE, MIGRATION AND INVESTMENTS IN DEVELOPING ECONOMIES Organizer: Eugene B. Nyantakyi, Oklahoma State University Chair: Eugene B. Nyantakyi, Oklahoma State University Papers: South-North Migration, “Helping Hand” Corruption and North-South FDI

Eugene B. Nyantakyi*, Oklahoma State University Does Aid for Trade Promote Export Entrepreneurship in Recipient Countries? Evidence from the Infrastructure Channel

Jonathan Munemo*, Salisbury University Exchange Rates, Carry Trade Returns and Political Risk

Kwabena Kesse*, University of South Dakota A Second Look at the Economic Predictors of Currency Redinomination in Developing Economies

John Dogbey*, Louisiana Tech University Discussants: Jonathan Munemo, Salisbury University Eugene B. Nyantakyi, Oklahoma State University John Dogbey, Louisiana Tech University Kwabena Kesse, University of South Dakota [158] Sunday, June 28 @ 2:30 PM–4:15 PM Individually Organized ECONOMIC WELFARE AND INVESTMENTS IN EDUCATION, HEALTH AND ENVIRONMENT (COLORADO STATE UNIVERSITY ALUMNI PANEL #1) Organizer: Anita Alves Pena, Colorado State University, Fort Collins Chair: Anita Alves Pena, Colorado State University, Fort Collins Papers: Investing in the Future: College Enrollment, Student Debt, and Household Financial Fragility after the Great Recession

Melanie G. Long*, College of Wooster When Big Pharma is at the Table, Who is on the Menu?

Yeva Aleksanyan*, Colorado State University, Fort Collins Agriculture and Carbon Benefits of Oil Well Restoration in the United States

William Haden Chomphosy*, Hendrix College, Maureen McClung, Hendrix College, and Matt Moran, Hendrix College

Role of Declining Public Expenditure on Economic Mobility for Low-Income Families in Colorado

Anita Alves Pena*, Colorado State University, Fort Collins


Discussants: Dan Palmer, Independent Researcher Jordan Navin, Colaberry, Inc. Hwayoung Jeon, Colorado State University, Fort Collins Steven L Byers, Coalition for a Prosperous Amercia [159] Sunday, June 28 @ 2:30 PM–4:15 PM Individually Organized: Defense DEFENSE ECONOMICS: VETERAN OUTCOMES AND CARE Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Susan L. Rose, Institute for Defense Analyses Papers: Do Veterans with Disabilities Respond Differently to the Post-9/11 GI Bill

Sebastian Negrusa*, The Lewin Group Provider Supply and Access to Care

Christine Yee*, University of Maryland, Baltimore County Geographical Access to Specialized Behavioral Health Treatment Programs Around Active Duty Military Installations

Patricia Tong*, RAND Corporation Discussants: Heidi L. Golding, Congressional Budget Office Lauren Malone, CNA Corporation Kara Mandell, CNA Corporation [160] Sunday, June 28 @ 2:30 PM–4:15 PM Allied Society: MEEA CONFLICT Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Leila Aghabarari, The World Bank Papers: Conflict in Syria, Conditions in Turkey and Their Effects on Refugee Children in Turkey

Mehmet Balcilar*, Eastern Mediterranean University, Jeffrey B. Nugent, University of Southern California, and Jiahui Xu, Pennsylvania State University, University Park

Conflict and the Nature of Precautionary Wealth Leila Aghabarari*, The World Bank, Ahmed Rostom, World Bank, and Rishabh Sinha, World Bank

Does Exposure to Violence Affect Reciprocity? Experimental Evidence from the West Bank

Elisa Cavatorta, King's College London, Daniel John Zizzo, University of Queensland, and Yousef Daoud*, Doha Institute for Graduate Studies and Birzeit University

Discussants: Leila Aghabarari, The World Bank Jeffrey B. Nugent, University of Southern California Mahmoud Haddad, University of Tennessee at Martin [161] Sunday, June 28 @ 2:30 PM–4:15 PM Allied Society: IBEFA LIQUIDITY REGULATION AND CENTRAL BANKS Organizer: Diana Bonfim, Banco de Portugal and Católica Lisbon Chair: Alin Andries, Alexandru Ioan Cuza University Papers: The International Transmission of Liquidity Regulation

Carlos Eduardo van Hombeeck*, Bank of England, Dennis Reinhardt, Bank of England, Rhiannon Sowerbutts, Bank of England, and Stephen Reynolds, Bank of England

Reserve Requirements as a Financial Stability Instrument Carlos Cantu*, Bank for International Settlements, Rocio Gondo, Central Bank of Peru, and Berenice Martinez, Bank for International Settlements

Central Bank Independence and Systemic Risk

Alin Andries*, Alexandru Ioan Cuza University, Anca Podpiera, World Bank, and Nicu Sprincean, Alexandru Ioan Cuza University

Discussants: Alin Andries, Alexandru Ioan Cuza University Carlos Eduardo van Hombeeck, Bank of England Carlos Cantu, Bank for International Settlements [162] Sunday, June 28 @ 2:30 PM–4:15 PM Volunteer Individual FOREIGN DIRECT INVESTMENT AND TRADE Chair: Michael W Nicholson, U.S. Agency for International Development Papers: Gender and Firm-Performance in Israel

Stefan H. Lutz*, HMKW University of Applied Sciences, and Mina N. Baliamoune-Lutz, University of North Florida

Export-Platform Foreign Direct Investment and Labor Union Chia-Chi Wang*, Tatung University

On Economic Growth, Capital Inflow and Productivity Spillover: Does Economic Freedom Matter?

Sheng-Ping Yang*, Gustavus Adolphus College, and Bryan Khoo, Gustavus Adolphus College

To What Extent Can U.S. Private Investment Solve Poverty in Africa? Michael W Nicholson*, U.S. Agency for International Development, and David Kritzberg*, Appian Data Services

Discussants: Chia-Chi Wang, Tatung University Sheng-Ping Yang, Gustavus Adolphus College Michael W Nicholson, U.S. Agency for International Development Stefan H. Lutz, HMKW University of Applied Sciences [163] Sunday, June 28 @ 2:30 PM–4:15 PM Allied Society: SABE INVESTMENT, INSURANCE AND RISKS Organizer: John Ifcher, Santa Clara University Chair: John Ifcher, Santa Clara University Papers: Bounded Rationality, Social Security, and Optimal Retirement Age

Hyeon Park*, Manhattan College Taking Chances Versus Not: Ambiguity May Explain a Lot

Mina Mahmoudi*, Rensselaer Polytechnic Institute, Rattaphon Wuthisatian, Southern Oregon University, and Mark Pingle, University of Nevada, Reno

Chasing Returns and Dollar-Weighted Return, Dumb Money or Misused Metric?

Tim Perkins*, Metric Development Discussants: from above participants [164] Sunday, June 28 @ 2:30 PM–4:15 PM Individually Organized STATE FISCAL STRESS Organizer: John D. Merrifield, University of Texas at San Antonio Chair: John D. Merrifield, University of Texas at San Antonio Papers: A Tax Expenditure Limit Index “State Government Privatization: Providing Agency Relief in the Face of Increased Internal and External Demands.”

Austill Stuart*, Reason Foundation State Debt and Liabilities, a Holistic Approach

Thurston Powers*, Mercatus Center at George Mason University Using a Debt Brake to Solve the State Debt Crisis: Red State, Blue State, and Purple State

John D. Merrifield, University of Texas at San Antonio, and Barry Poulson*, University of Colorado Boulder

Zero-Based Regulation James Broughel*, George Mason University


Discussants: Thurston Powers, Mercatus Center at George Mason University Barry Poulson, University of Colorado Boulder James Broughel, George Mason University John D. Merrifield, University of Texas at San Antonio [165] Sunday, June 28 @ 2:30 PM–4:15 PM Contemporary Economic Policy MATERNAL HEALTH AND HEALTH SYSTEMS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Keiko Tamada, Fukuoka University Papers: Female Education, Fertility Decisions, and Infant Health: Evidence from China's Compulsory Education Law

Chen Meng*, Boston University Effect of quality Improvement Approach on Maternal Health Service Utilization and Pregnancy Outcome: A Case Study of Spring/Ghana Project

Mark Bigool*, KDI School of Public Policy and Management Analysis of the Turkish Healthcare System Reform: How Does the Reform Effect on Overall Population Satisfaction with Healthcare System?

Serdar Aydin*, Southern Illinois University, Carbondale Evaluation of US and Taiwan Health System Performance: A Review of the Literature

Serdar Aydin, Southern Illinois University, Carbondale, and Sandra K. Collins*, Southern Illinois University, Carbondale

Discussants: Keiko Tamada, Fukuoka University Sandra K. Collins, Southern Illinois University, Carbondale Mark Bigool, KDI School of Public Policy and Management Chen Meng, Boston University [166] Sunday, June 28 @ 2:30 PM–4:15 PM Volunteer Individual SCHOOL IMPACTS ON ACADEMIC PERFORMANCE Chair: Kevin M. Williams, Occidental College Papers: School Level Autonomy and Its Impact on Student Achievement

Jessica S. Merkle*, Auburn University When Autonomy Fails: Evidence Based on High School Course Grades

Marlon Tracey*, Southern Illinois University Edwardsville Towards an Optimal School Schedule

Kevin M. Williams*, Occidental College Discussants: Marlon Tracey, Southern Illinois University Edwardsville Kevin M. Williams, Occidental College Jessica S. Merkle, Auburn University [167] Sunday, June 28 @ 2:30 PM–4:15 PM Contemporary Economic Policy POLICY EFFECTS AND LABOR ECONOMICS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Phanindra V. Wunnava, Middlebury College and IZA Papers: Identifying Job Creation Effect of a Lower Interest Rate: Negative or Positive?

Chang kon Choi*, Jeonbuk National University Marriage for Insurance? The Effects of Affordable Care Act on Marriage Market

Hao Guo, Nanjing Audit University, and Miaomiao Zou*, Nanjing Audit University

Young Unskilled Women and the Earned Income Tax Credit: Insurance Without Disincentives?

Nicole B. Simpson*, Colgate University Discussants: Miaomiao Zou, Nanjing Audit University Phanindra V. Wunnava, Middlebury College and IZA Chang kon Choi, Jeonbuk National University [168] Sunday, June 28 @ 2:30 PM–4:15 PM Volunteer Individual MARKET POWER Chair: Mark Jamison, University of Florida Papers: Negative Dependence in Bundling: Empirical Evidence from Music Festivals

R. Scott Hiller*, Fairfield University, and Christopher McMahan, University of Northern Colorado

Should Traditional Retailers Function as Pre-Warehouses of Online Retailers?

Yutian Chen*, California State University, Long Beach Explicit Collusion in Oligopoly

Yang Yu*, Stony Brook University SUNY Towards a Theory of Market Power

Mark Jamison*, University of Florida Discussants: Yutian Chen, California State University, Long Beach Yang Yu, Stony Brook University SUNY Mark Jamison, University of Florida R. Scott Hiller, Fairfield University [169] Sunday, June 28 @ 2:30 PM–4:15 PM Volunteer Individual HUMAN CAPITAL, TRADE OFF AND MERGERS Chair: Alexandra Hill, Colorado State University, Fort Collins Papers: Price Effects of a Merger: Evidence from a Physicians’ Market

Shawn W. Ulrick*, Federal Trade Commission Sourcing and Organizing Human Capital in New Ventures: Does Startup Experience Matter?

Dario Pozzoli*, Copenhagen Business School Haste Makes Waste: Evidence on Speed and Quality Tradeoffs in the Workplace

Alexandra Hill*, Colorado State University, Fort Collins Discussants: Dario Pozzoli, Copenhagen Business School Alexandra Hill, Colorado State University, Fort Collins Shawn W. Ulrick, Federal Trade Commission [170] Sunday, June 28 @ 2:30 PM–4:15 PM Individually Organized THE ASSIGNMENT, ACCUMULATION AND MOVEMENT OF ECONOMIC INPUTS: INSIGHTS FROM ECONOMIC HISTORY Organizer: Steven M Smith, Colorado School of Mines Chair: Steven M Smith, Colorado School of Mines Papers: The Costs of Fractionated Land-Ownership: Evidence from Indian Land Allotment

Christian Dippel, University of California, Los Angeles, Dustin Frye*, Vassar College, and Bryan J. Leonard, Arizona State University

Malthusian Limits to Capital Growth: Alaskan Reindeer from 1900 to 1940

Ann M. Carlos, University of Colorado Boulder, Catherine Massey, Welch Consulting, and Akhil Rao*, Middlebury College

Multigenerational Mobility in American History: Accounting for Measurement Error

Zachary Ward*, Baylor University Migration and Labor Markets: An Historical View


Edward Kosack, Xavier University, and Kristina A. Sargent*, Middlebury College

Discussants: Steven M Smith, Colorado School of Mines Dustin Frye, Vassar College Edward Kosack, Xavier University Zachary Ward, Baylor University [171] Sunday, June 28 @ 2:30 PM–4:15 PM Contemporary Economic Policy INNOVATION AND PRODUCTIVITY Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Mamit Deme, Middle Tennessee State University Papers: Productivity Spillovers and Human Capital: A Semiparametric Varying Coefficient Approach

Man Jin*, Oakland University International Knowledge Spillovers: New Evidence from High-Tech and Low-Tech Countries

Mamit Deme*, Middle Tennessee State University The Coronavirus and Freezing the Economy

Mustafa Z. Younis*, Jackson State University, and Michael Younis, Louisiana State University Baton Rouge

Discussants: Mustafa Z. Younis, Jackson State University Man Jin, Oakland University Mamit Deme, Middle Tennessee State University [172] Sunday, June 28 @ 2:30 PM–4:15 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [173] Sunday, June 28 @ 2:30 PM–4:15 PM Allied Society: TPUG URBAN TRANSPORTATION Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: Ke Yang, University of Hartford Papers: Minneapolis by Bus: Short-Run Impacts of the Minimum Wage Ordinance on Bus Ridership

Tyler C. Schipper*, University of St. Thomas Inverse Probability Tilting with Heterogeneous Average Treatment Effects

Ke Yang*, University of Hartford, and Jeffrey P. Cohen, University of Connecticut

The Effects of Media Coverage on Vehicle Recalls on Corrective Behavior

Yong-Kyun Bae*, Pusan National University Discussants: Ke Yang, University of Hartford Yong-Kyun Bae, Pusan National University Tyler C. Schipper, University of St. Thomas [174] Sunday, June 28 @ 2:30 PM–4:15 PM Allied Society: NAASE EFFECT OF BEHAVIOR AND ENVIRONMENT ON PERFORMANCE AND EARNINGS IN PROFESSIONAL SPORTS Organizer: Jane E. Ruseski, West Virginia University Chair: Brian P. Soebbing, University of Alberta Papers: Air Quality and Employee Performance: Evidence from the NFL

Jane E. Ruseski*, West Virginia University, and Brad R. Humphreys, West Virginia University

Multi-year Contracts and Workers’ Performance: Evidence from the National Hockey League

Luca Fumarco*, STATEC Research Work Environment and Worker Performance: A View from the Goal Crease

W. David Allen*, University of Alabama in Huntsville NFL Player Career Earnings and Off-Field Behavior

Brian P. Soebbing*, University of Alberta, Nicholas M. Watanabe, University of South Carolina, Columbia, and Pamela Wicker, Bielefeld University

Discussants: from above participants [175] Sunday, June 28 @ 4:30 PM–6:15 PM Individually Organized ECONOMIC MEASUREMENT UNDER UNCERTAINTY: APPLICATIONS FROM LABOR, INSURANCE, TRANSPORTATION AND ENERGY (COLORADO STATE UNIVERSITY ALUMNI PANEL #2) Organizer: Anita Alves Pena, Colorado State University, Fort Collins Chair: Anita Alves Pena, Colorado State University, Fort Collins Papers: Measuring Job Quality in the U.S. Labor Market

Steven L Byers*, Coalition for a Prosperous Amercia, and Jeff Ferry, Coalition for a Prosperous Amercia

Comparing Risk Tolerance Dan Palmer*, Independent Researcher, and Md Mahfujur Rahman, Institute of Forestry and Environmental Sciences

Airline Voluntary Cost Disclosure on the Intensive Margin: An Application of Benford's Law

Jordan Navin*, Colaberry, Inc., and Stephan Weiler, Colorado State University, Fort Collins

Renewable versus Non-Renewable: The Role of Energy to State Economic Growth

Hwayoung Jeon*, Colorado State University, Fort Collins Discussants: Melanie G. Long, College of Wooster William Haden Chomphosy, Hendrix College Lackson Mudenda, Colorado State University, Fort Collins Yeva Aleksanyan, Colorado State University, Fort Collins [176] Sunday, June 28 @ 4:30 PM–6:15 PM Volunteer Individual MARKET STRUCTURE AND FIRM BEHAVIOR Chair: Zichao Yang, Virginia Tech Papers: Public Grants Awarded to Private Firms: A Mixed Duoply Analysis

Fathali Firoozi*, University of Texas at San Antonio, and Donald Lien, University of Texas at San Antonio

Price Discrimination in the Concert Industry: Consumer Surplus and Secondary Markets

Chong Hyun C. Byun*, Wabash College The Market For Bitcoin Transactions

Zichao Yang*, Virginia Tech, and Kwok Ping Tsang, Virginia Tech Discussants: Chong Hyun C. Byun, Wabash College Zichao Yang, Virginia Tech Fathali Firoozi, University of Texas at San Antonio [177] Sunday, June 28 @ 4:30 PM–6:15 PM Volunteer Individual COLLECTIVE DECISION-MAKING Chair: Rafat Mahmood, University of Western Australia Papers: Voter Learning and the Political Process

Chad Seagren*, Naval Postgraduate School The Arab Spring’s Seasonal Depression: Developing and Applying Revolution as a Redistributive Mechanism


Zachary Blake Kessler*, George Mason University Political Action Committee Donations to Incumbent Senators; a Corruption Motive

Brian Flaxman*, University of Colorado Boulder “You Say Terrorist, I Hear Reformer” The Role of Madrassa in Identity Choice of Terrorists

Rafat Mahmood*, University of Western Australia Discussants: Zachary Blake Kessler, George Mason University Brian Flaxman, University of Colorado Boulder Rafat Mahmood, University of Western Australia Chad Seagren, Naval Postgraduate School [178] Sunday, June 28 @ 4:30 PM–6:15 PM Individually Organized: Defense GENDER-RELATED ISSUES IN MILITARY MANPOWER Organizers: Lauren Malone, CNA Corporation, and Tom Geraghty, CNA Corporation Chair: Lauren Malone, CNA Corporation Papers: An Analysis of the Relationship Between the Navy's Maternity Leave Policy and Reenlistment Rates

Daniel M. Leeds*, CNA Corporation Estimating the Effect of a Single-Salary System on Marriage Rates and Retention

Tom Geraghty*, CNA Corporation Gender Differences in and Costs of Misbehavior Among Navy Enlisted Personnel

Amanda Kraus*, CNA Corporation Discussants: Jennifer A. Heissel, Naval Postgraduate School Patricia Tong, RAND Corporation Julie A. Pechacek, Institute for Defense Analyses [179] Sunday, June 28 @ 4:30 PM–6:15 PM Individually Organized TOPICS IN MONETARY ECONOMICS Organizer: Alfred V. Guender, University of Canterbury Chair: Alfred V. Guender, University of Canterbury Papers: The Reach of US Monetary Policy: Some Suggestive Evidence

Alfred V. Guender*, University of Canterbury, and Jakub Pesek, University of Economics, Prague

Title to be Announced John Landon-Lane*, Rutgers University

Policy Uncertainty and Cross-Border Capital Flows Kuntal Das*, University of Canterbury, and Sam Wynands, Reserve Bank of New Zealand

Discussants: from above participants [180] Sunday, June 28 @ 4:30 PM–6:15 PM President-Elect Featured ECONOMIC EFFECTS OF FISCAL POLICY Organizer: Yuriy Gorodnichenko, University of California, Berkeley Chair: Yuriy Gorodnichenko, University of California, Berkeley Papers: Tradable Spillovers of Fiscal Policy: Evidence from the 2009 Recovery Act

Peter B. McCrory*, University of California, Berkeley Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus: Theory and Cross-Country Evidence

Jorge Miranda-Pinto, University of Queensland, Daniel Murphy*, University of Virginia, Kieran Walsh, University of California, Santa Barbara, and Eric R. Young, University of Virginia

Macroeconomic Frameworks

Alan Auerbach, University of California, Berkeley, Yuriy Gorodnichenko*, University of California, Berkeley, and Daniel Murphy, University of Virginia

Discussants: Slavik Sheremirov, Federal Reserve Bank of Boston William D. Dupor, Federal Reserve Bank of St. Louis Sarah Zubairy, Texas A&M University, College Station [181] Sunday, June 28 @ 4:30 PM–6:15 PM Individually Organized ORIGINS OF THE SUBPRIME MORTGAGE CRISIS: THE SUPERIOR BANK FAILURE (CHICAGO, 2002) Organizer: Walker F. Todd, University of Akron Moderator: Walker F. Todd, University of Akron Panelists: Tim Anderson, Anderson Consulting Bill Bergman, Loyola University Chicago Edward J. Kane, Boston College Walker F. Todd, University of Akron [182] Sunday, June 28 @ 4:30 PM–6:15 PM Individually Organized FEDERAL FISCAL STRESS Organizer: John D. Merrifield, University of Texas at San Antonio Chair: John D. Merrifield, University of Texas at San Antonio Papers: A Case for a Federal Budgetary Accounting Standards Board

Marvin Phaup*, George Washington University Term Limits: A Pro-Growth Reform

Nick Tomboulides*, U.S. Term Limits Federal Fiscal Crisis Overview

John D. Merrifield*, University of Texas at San Antonio Discussants: from above participants [183] Sunday, June 28 @ 4:30 PM–6:15 PM Contemporary Economic Policy MIGRANTS, CITIZENSHIP AND HISPANIC EDUCATION Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Nicole B. Simpson, Colgate University Papers: Can Legal Status Help Undocumented Immigrants Achieve the American Dream? Evidence from the Deferred Actions for Childhood Arrivals Program

Jian Wang*, University of Dayton, and Weici Yuan, University of Central Arkansas

Cognitive and Non-Cognitive Abilities of Immigrants: New Perspectives on Migrant Quality from a Selective Immigration Country

Maryam Naghsh Nejad*, University of Technology Sydney Is there a Causal Link between the CPS Citizenship Question and Refuse to Respond?

Robert Bernhardt, Federal Reserve Bank of Chicago, and Phanindra V. Wunnava*, Middlebury College and IZA

Hispanic-Serving Institutions and College Outcomes: Does Money Matter?

Li Feng, Texas State University, Yunwei Gai, Babson College, Yao-Yu Chih*, Texas State University, and Lynn McDonald, St. Cloud State University

Discussants: Maryam Naghsh Nejad, University of Technology Sydney Yao-Yu Chih, Texas State University Nicole B. Simpson, Colgate University Jia Wang, University of Dayton [184] Sunday, June 28 @ 4:30 PM–6:15 PM


Contemporary Economic Policy ECONOMY AND HEALTHCARE SYSTEM IN SELECTED COUNTRIES AT THE GULF COMMUNITY COUNSEL (GCC) Organizer: Mustafa Z. Younis, Jackson State University Chair: Mustafa Z. Younis, Jackson State University Papers: Healthcare System in Saudi Arabia: A Discussion

Mustafa Z. Younis*, Jackson State University A Review of the Relationship Economic and Health System in Bahrain

Mustafa Z. Younis, Jackson State University, Haleama Al-Sabbah*, Zayed University, and Adnan Kisa, Kristiania University College

Healthcare System in Kuwait Maha S. Al-hajeri F.*, Kuwait University, and Mustafa Z. Younis, Jackson State University

Discussants: Haleama Al-Sabbah, Zayed University Mustafa Z. Younis, Jackson State University Mustafa Z. Younis, Jackson State University [185] Sunday, June 28 @ 4:30 PM–6:15 PM Allied Society: SABE GENDER Organizer: Lucas Coffman, Boston College Chair: Lucas Coffman, Boston College Papers: Why Should We Hire You? How Interviews Fuel Gender Gaps

Lucas Coffman*, Boston College, and Katherine Coffman, Harvard Business School

When to Apply Katherine Coffman*, Harvard Business School, and Manuela Collis, Harvard Business School

It Takes Two: Gender Bias in Attribution of Credit for Successful Group Work

Siri Isaksson*, Norwegian School of Economics Discussants: from above participants [186] Sunday, June 28 @ 4:30 PM–6:15 PM Contemporary Economic Policy ECONOMICS OF CHINA: INNOVATION AND PRODUCTIVITY 1 Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Da Wang, Jilin University Papers: Does Spillover Stimulate Productivity? A Firm-level Analysis

Shunan Zhao*, Oakland University Spillover Effects of R&D Subsidies and Industrial Growth: Evidence from Innofund Program in China

Yan Guo*, Peking University, and Haochen Zhang, Peking University

Venture Capital, Intellectual Property Institutions and Innovation: Evidence from China

Di Guo*, Brunel University London, and Kun Jiang, University of Nottingham, United Kingdom

Discussants: Da Wang, Jilin University Di Guo, Brunel University London Shunan Zhao, Oakland University [187] Sunday, June 28 @ 4:30 PM–6:15 PM Volunteer Individual TOPICS IN BUSINESS ADMINISTRATION Chair: Mark S. LeClair, Fairfield University Papers: CEO Tenure, External CSR, and Internal CSR: The Moderating Effect of Firm’s Visibility

Soumendra Banerjee*, Misericordia University, Marwan Al-Shammari, University of Texas at Tyler, Krist Swimberghe,

University of Texas at Tyler, and Miguel Caldas, University of Texas at Tyler

Consumer Purchase Timing and Product Returns in Daily Deal E-commerce

Jisu Cao*, University of Southern California How Status may Compensate for Small Market Niches Deficiencies: The Interdependent Role of Niche-Positioning and Status-Related Project Characteristics in the Global Movie Industry

Frederic H. Gruninger*, Zeppelin University, and Christian Opitz, Zeppelin University

Stakeholder Relationships and Nonprofit Performance Mark S. LeClair*, Fairfield University

Discussants: Jisu Cao, University of Southern California Frederic H. Gruninger, Zeppelin University Mark S. LeClair, Fairfield University Soumendra Banerjee, Misericordia University [188] Sunday, June 28 @ 4:30 PM–6:15 PM Individually Organized SON PREFERENCE, MARRIAGE AND BARGAINING Organizer: Gisella Kagy, Vassar College Chair: Gisella Kagy, Vassar College Papers: Measures of Son Preference and the Treatment of Girls in India

Priti Kalsi*, Rochester Institute of Technology A Decomposition of the Relationship Between Internet Access and Employment

Sheena L. Murray*, University of Tennessee at Chattanooga Gotta' Have Money to Make Money? Bargaining Behavior and Financial Need of Microentrepreneurs

Morgan Hardy, New York University Abu Dhabi, Gisella Kagy*, Vassar College, and Lena Song, New York University

Marriage Market Responses in the Wake of a Natural Disaster in India

Shreyasee Das, Temple University, and Shatanjaya Dasgupta*, Providence College

Discussants: Sheena L. Murray, University of Tennessee at Chattanooga Zachary L. Feldman, Seattle University Shatanjaya Dasgupta, Providence College Priti Kalsi, Rochester Institute of Technology [189] Sunday, June 28 @ 4:30 PM–6:15 PM Allied Society: MEEA RESOURCES Organizers: Shawkat Hammoudeh, Drexel University, Jeffrey B. Nugent, University of Southern California, and Rahel Schomaker, Carinthia University of Applied Sciences, and German Research Institute for Public Admin. Speyer Chair: Shawkat Hammoudeh, Drexel University Papers: What Drive Oil Price Jumps? Looking Beyond the Averages

Shawkat Hammoudeh*, Drexel University, Jamal Bouoiyour, University of Pau, and Mark E. Wohar, University of Nebraska, Omaha

Resource Curse Puzzle: A Cross-Country Heterogeneous Panel Analysis

Chandan Sharma*, Indian Institute of Management Lucknow, and Debdatta Pal, Indian Institute of Management Lucknow

A Time-Varying Parameter Estimation of Oil and Natural Gas Import Demand Elasticities in Turkey


Ali Can-Ozbey*, Ege University, Nazif Catik, Ege University, and Esra Balli, University of Southern California and Erzincan Binali Yildirim University

Discussants: Debdatta Pal, Indian Institute of Management Lucknow Esra Balli, University of Southern California and Erzincan Binali Yildirim University Shawkat Hammoudeh, Drexel University [190] Sunday, June 28 @ 4:30 PM–6:15 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [191] Sunday, June 28 @ 4:30 PM–6:15 PM Volunteer Individual ECONOMIC GROWTH Chair: Robert J. Sonora, University of Montana Papers: Where’s the Winning? Regional Economic Performance in the Age of Trump

Anthony W. Orlando*, California State Polytechnic University, Pomona

Still Growing Together? The Spatial Distribution and Industrial Composition of U.S. County GDP from 1870 to 2018

Scott Fulford*, Consumer Financial Protection Bureau, and Fabio Schiantarelli, Boston College

The Role of Amenities on Growth in Non-Metro Counties in the U.S. Bree L. Dority*, University of Nebraska, Kearney, Eric C. Thompson, University of Nebraska, Lincoln, Mitch Herian, University of Nebraska - Lincoln, and Jordan Duffin Wong, University of Nebraska - Lincoln

The Opportunity Cost of Rent Seeking on Economic Growth Robert J. Sonora*, University of Montana

Discussants: Scott Fulford, Consumer Financial Protection Bureau Bree L. Dority, University of Nebraska, Kearney Robert J. Sonora, University of Montana Anthony W. Orlando, California State Polytechnic University, Pomona [192] Monday, June 29 @ 8:15 AM–10:00 AM Allied Society: CSWEP HOUSEHOLD IMPACTS OF HEALTH AND CONSUMPTION SHOCKS Organizer: Catalina Amuedo-Dorantes, University of California, Merced Chair: Catalina Amuedo-Dorantes, University of California, Merced Papers: Household Impacts of Having a Child with a Long-term Disability or Chronic Illness

Evelyn Skoy*, University of Colorado Boulder Mis(sed) Diagnosis: Physician Decision-Making Regarding Attention Deficit Hyperactivity Disorder

Kelli Marquardt*, University of Arizona Impact of Remittances on Household Consumption in Nepal

Olga Kondratjeva*, DUPLICATE RECORD -- DO NOT USE FOR PROGRAM, Khushbu Mishra, Stetson University, and Gerald E. Shively, Purdue University

Trade Shocks and Consumption Risk Sharing Lilia Ruslanova*, University of Zurich

Discussants: Kelli Marquardt, University of Arizona Evelyn Skoy, University of Colorado Boulder Lilia Ruslanova, University of Zurich Olga Kondratjeva, Washington University in St. Louis [193] Monday, June 29 @ 8:15 AM–10:00 AM

Volunteer Individual WELFARE ECONOMICS Chair: Roger McCain, Drexel University Papers: Is the Supply of Charitable Donations Fixed? Evidence from Tornadoes

Benjamin Marx*, University of Illinois at Urbana-Champaign Unemployment Insurance Generosity and Crime

Bitaran Jang Maden*, Texas Tech University, and Hamid NoghaniBehambari, Texas Tech University

Effective GDP: A Cross Country Comparison Fahd Rehman*, Lahore University of Management Sciences

Interregional Inequality, Efficiency, and Relative Fairness Roger McCain*, Drexel University

Discussants: Bitaran Jang Maden, Texas Tech University Fahd Rehman, Lahore University of Management Sciences Roger McCain, Drexel University Benjamin Marx, University of Illinois at Urbana-Champaign [194] Monday, June 29 @ 8:15 AM–10:00 AM Individually Organized: Defense DEFENSE ECONOMICS: SECURITY AND TERRORISM Organizers: Ellen M. Pint, RAND Corporation, David Knapp, RAND Corporation, and Laura H. Baldwin, RAND Corporation Chair: Raymond E. Franck Jr., Naval Postgraduate School (Emeritus) Papers: Getting to $1 Trillion: Potential Economic Impact of a Contested Environment on Commercial Space

Nicholas Martin*, RAND Corporation, and Diana G. Carew, RAND Corporation

The Military Economic and Security Issues for Cyber and AI J. Craig Stone*, Canadian Forces College

Terrorist Attack Attribution with Machine Learning based Multiple Imputation

Ethan Spangler*, J.P. Morgan Chase Bank Innocent Until Stereotyped Guilty? Terrorism and U.S. Immigration Court Decisions

Kweku Opoku-Agyemang*, Cornell University, and Center for Effective Global Action, University of California, Berkeley, and Justice Tei Mensah, Swedish University of Agricultural Sciences

Discussants: J. Craig Stone, Canadian Forces College Elvira Loredo, RAND Corporation David Groves, RAND Corporation Ethan Spangler, J.P. Morgan Chase Bank [195] Monday, June 29 @ 8:15 AM–10:00 AM Allied Society: SABE TAKING UNCERTAINTY SERIOUSLY: SIMPLE HEURISTICS FOR A COMPLEX WORLD Introduction: Beryl Y. Chang, New York University Address: Gerd Gigerenzer, Max Planck Institute for Human Development [196] Monday, June 29 @ 8:15 AM–10:00 AM Volunteer Individual FINANCIAL MARKETS Chair: Robert Akunga, Loughborough University Papers: The Role of Stock Market Prices in the Demand for Money in Saudi Arabia

Saad M. Alnefaee*, Saudi Electronic University Financial News and Cross-Border Bank Capital Flows

Ruby P. Kishan*, Texas State University Trust and Social Relations in Non-Bank Financing: Evidence from Chinese Households


Jun Zhou*, Renmin University of China, and Fali Huang, Singapore Management University

Financial Market Integration in Sub-Saharan Africa: How Important is Contagion?

Robert Akunga*, Loughborough University Discussants: Ruby P. Kishan, Texas State University Jun Zhou, Renmin University of China Robert Akunga, Loughborough University Saad M. Alnefaee, Saudi Electronic University [197] Monday, June 29 @ 8:15 AM–10:00 AM Contemporary Economic Policy TOPICS IN MONETARY POLICY Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Cesar M. Rodriguez, Portland State University Papers: Uncertainty, Liquidity Misallocation, and Monetary Policy

Ge Zhou*, Zhejiang University Corporate Risk-Averse Behavior and Effectiveness of Quantitative Easing

Ying Wu*, Salisbury University Good Policy or Learning Evolution? A Markov-Switching approach to Understanding the Determinants of Fed policy

Gabriela Best*, California State University, Fullerton Currency Composition of International Debt and Macroprudential Policies in Developing Countries

Cesar M. Rodriguez*, Portland State University, and Olena Ogrokhina*, Lafayette College

Discussants: Ying Wu, Salisbury University Gabriela Best, California State University, Fullerton Cesar M. Rodriguez, Portland State University Ge Zhou, Zhejiang University [198] Monday, June 29 @ 8:15 AM–10:00 AM Volunteer Individual INTERNATIONAL TRADE AND GLOBALIZATION Chair: Jeff Chan, Wilfrid Laurier University Papers: Financial Frictions, Financial Development and International Trade

Danny Kurban*, University of Colorado Boulder Does Import Restriction Affect Firm’s Exports?

Harry Wardana*, University of Adelaide Casualties of Trade Wars

Benjamin H. Liebman*, Saint Joseph's University, Pennsylavnia Import Competition and the Fall of Unions: Evidence from China’s Accession to the WTO

Jeff Chan*, Wilfrid Laurier University Discussants: Harry Wardana, University of Adelaide Benjamin H. Liebman, Saint Joseph's University, Pennsylavnia Jeff Chan, Wilfrid Laurier University Danny Kurban, University of Colorado Boulder [199] Monday, June 29 @ 8:15 AM–10:00 AM Contemporary Economic Policy REGIONAL BANKING Organizer: Scott Schuh, West Virginia University Chair: Scott Schuh, West Virginia University Papers: How are WV banks Different?

Eduardo Minuci*, West Virginia University, and Scott Schuh, West Virginia University

Does Financial Literacy Matter for Household Choice of Banked, Underbanked and Unbanked?

James R. Barth, Auburn University, and Nguyen Nguyen*, Auburn University

The Impact of Professional Sports Facilities on the Local Banking Industry

Brad R. Humphreys, West Virginia University, Candon Johnson*, West Virginia University, and Eduardo Minuci, West Virginia University

Discussants: Candon Johnson, West Virginia University Eduardo Minuci, West Virginia University Nguyen Nguyen, Auburn University [200] Monday, June 29 @ 8:15 AM–10:00 AM Individually Organized INTERGENERATIONAL HEALTH AND LABOR MARKET IMPACTS OF PUBLIC POLICY Organizer: Tim A. Bersak, Wofford College Chair: Tim A. Bersak, Wofford College Papers: Local Tobacco-21 Laws, Maternal Smoking Behaviors, and Infant Health

Tim A. Bersak, Wofford College, and Lyudmyla Sonchak*, Susquehanna University

The Long-Run Effects of Child’s Health Conditions on Socio-Economic Outcomes of Parents

Shubhashrita Basu*, Clemson University Child ADHD and Parental Outcomes

James M. Hampton*, University of Northern Iowa The Impact of ACA Medicaid Expansions on Fertility, Composition of Recent Mothers, and School Enrollment and Labor Supply of Women of Reproductive Age

Anuj Gangopadhyaya, The Urban Institute, and Emily M. Johnston*, Urban Institute

Discussants: Makayla K. Palmer, University of Nevada, Las Vegas Emily M. Johnston, Urban Institute Shubhashrita Basu, Clemson University James M. Hampton, University of Northern Iowa [201] Monday, June 29 @ 8:15 AM–10:00 AM Volunteer Individual ISSUES IN EDUCATION Chair: Angela K. Dills, Western Carolina University Papers: Education Budgets and Charitable Giving

Hedieh Tajali*, Texas AM University, and Jonathan Meer, Texas A&M University, College Station

Educational Corruption and Growth Philip J. Shaw*, Fordham University

The Effects of School Choice on Mental Health Angela K. Dills*, Western Carolina University, and Corey DeAngelis, University of Texas at San Antonio

Discussants: Philip J. Shaw, Fordham University Angela K. Dills, Western Carolina University Hedieh Tajali, Texas AM University [202] Monday, June 29 @ 8:15 AM–10:00 AM Individually Organized LABOR MARKET EFFECTS OF OCCUPATIONAL LICENSING Organizer: Darwyyn Deyo, San Jose State University Chair: Darwyyn Deyo, San Jose State University Papers: Occupational Licensing and Network Dependence for Minority Business Owners

Alicia Morgan Plemmons*, Southern Illinois University Edwardsville


Licensing Massage Therapists in the Name of Crime: The Case of Harper v Lindsay

Darwyyn Deyo, San Jose State University, Blake Hoarty, George Mason University, Conor Norris, Saint Francis University, and Edward J. Timmons*, Saint Francis University

Occupational Licensing and the Gender Pay Gap Maria Koumenta*, Queen Mary University of London, Mario Pagliero, University of Turin, and Davud Rostam-Afschar, University of Hohenheim

The Path Towards a Licensing Law: Case Studies on Human Resources Professionals in the U.S. and Canada

Tingting Zhang*, Merrimack College Discussants: from above participants [203] Monday, June 29 @ 8:15 AM–10:00 AM Volunteer Individual WAGES AND LABOR MARKETS Chair: Yoshimi Adachi, Konan University Papers: Loss of Company Headquarters: The Wage and Employment Effects of Mergers and Acquisitions

William Duncan*, University of Kansas “Path to U.S. Citizenship”: A Twisted Tale of Economic Incentive

Chiradip Chatterjee*, University of North Florida The Business Cycle and Workers Compensation Claims: A Closer Analysis of the Great Recession

Jessica F. Madariaga*, College of Charleston, and Peter T. Calcagno, College of Charleston

Impact of Elderly Employment Policies on Consumption Expenditure for Japanese Households

Yoshimi Adachi*, Konan University, and Tomoki Kitamura, Tohoku Gakuin University

Discussants: Chiradip Chatterjee, University of North Florida Jessica F. Madariaga, College of Charleston Yoshimi Adachi, Konan University William Duncan, DUPLICATE RECORD -- DO NOT USE FOR PROGRAM [204] Monday, June 29 @ 8:15 AM–10:00 AM Individually Organized ENTRY AND COMPETITION IN FOOD MARKETS Organizers: Metin Cakir, University of Minnesota Twin Cities, and Timothy J. Richards, Arizona State University Polytechnic Campus Chair: Metin Cakir, University of Minnesota Twin Cities Papers: Long-Run Effects of Supercenter Entry on Food Industry

Metin Cakir*, University of Minnesota Twin Cities, Xiangwen Kong, University of Minnesota Twin Cities, and Alexander Stevens, USDA Economic Research Service

Food Banks and Food Retailing John Lowrey, Ohio State University, Timothy J. Richards*, Arizona State University Polytechnic Campus, and Stephen F. Hamilton, California Polytechnic State University, San Luis Obispo

Joint Oligopsony-Oligopoly Power in Food Processing Industries: Application to the US Broiler Industry

Stephen F. Hamilton*, California Polytechnic State University, San Luis Obispo, and Thomas Gaff, University of California, Berkeley

Discussants: Metin Cakir, University of Minnesota Twin Cities Timothy J. Richards, Arizona State University Polytechnic Campus Stephen F. Hamilton, California Polytechnic State University, San Luis Obispo [205] Monday, June 29 @ 8:15 AM–10:00 AM Allied Society: Clio & EHA TO BE ANNOUNCED

Organizer: Michael J. Haupert, University of Wisconsin -- La Crosse [206] Monday, June 29 @ 8:15 AM–10:00 AM Volunteer Individual GENDER AND GROWTH Chair: Gibson Nene, University of Minnesota Duluth Papers: The Role of Mother’s Bargaining Power in Determining Children’s Nutritional Status in India

Divya Balasubramaniam*, Saint Joseph's University, Pennsylavnia Cultures, Genetic Diversification and Innovation Activities: Evidence from Firm Innovations in Chinese Cities

Tingting Li*, Sun Yat-Sen University Impact of Female Primary Education on Completed Fertility and Child Health: Evidence from Nigeria

Nilanjana Roy*, University of Victoria Gender Inequality and Economic Growth

Gibson Nene*, University of Minnesota Duluth, and Melaku T. Abegaz, University of Minnesota Duluth

Discussants: Tingting Li, Sun Yat-Sen University Nilanjana Roy, University of Victoria Gibson Nene, University of Minnesota Duluth Divya Balasubramaniam, Saint Joseph's University, Pennsylavnia [207] Monday, June 29 @ 8:15 AM–10:00 AM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [208] Monday, June 29 @ 8:15 AM–10:00 AM Allied Society: TPUG TRANSPORTATION AND INTERNATIONAL TRADE Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: Tobias Sytsma, RAND Corporation Papers: The Jones Act: An Anchor on the Economy of Hawaii

John R. Dunham*, John Dunham and Associates Technical Efficiency of Container Ports in the United States

Neela Manage*, Florida Atlantic University Port Choice and International Trade in Agricultural Products

Tobias Sytsma*, RAND Corporation, and Wesley W. Wilson, University of Oregon

Trump’s Tariff War and the US Iron, Steel and Aluminum Imports: Short Term Effects and Causes

Cong Pham*, Deakin University Discussants: Neela Manage, Florida Atlantic University John R. Dunham, John Dunham and Associates Cong Pham, Deakin University Tobias Sytsma, RAND Corporation [209] Monday, June 29 @ 10:15 AM–12:00 PM Individually Organized RETHINKING ECONOMICS: WHAT'S GONE WRONG? Organizer: James H. Alleman, University of Colorado Boulder, and Suzanne Helburn, University of Colorado Denver Chair: Scott J. Savage, University of Colorado Boulder Papers: The Paradox of Bork's Antitrust Paradox: Two-side Markets in High Tech

James H. Alleman*, University of Colorado Boulder Rethinking Economics: A New View of Labor Economics

Suzanne Helburn*, University of Colorado Denver Inequality, Institutions and Technology


Jonathan Liebenau*, London School of Economics and Political Science

A New Estimation Technique: Derivation of Country Specific Direct & Cross-price Expenditure

Paul Rappoport*, Temple University, and Lester Taylor, University of Arizona

Discussants: Jonathan Liebenau, London School of Economics and Political Science James H. Alleman, University of Colorado Boulder Paul Rappoport, Temple University Scott J. Savage, University of Colorado Boulder [210] Monday, June 29 @ 10:15 AM–12:00 PM Volunteer Individual ECONOMETRIC APPLICATIONS: ASIAN CASES Chair: Ka Ming Cheng, The Hang Seng University of Hong Kong Papers: Does Renminbi Volatility Predict its Level? A Multivariate GARCH System of Renminbi Onshore and Offshore Markets

Li Jie*, Nanjing University of Aeronautics and Astronautics Government and Market: Institutional Role for Tourism Development in China and India: A Comparative Economic Analysis

Rukmani Gounder*, Massey University Do Subsidies Increase Productivity? Evidence from Chinese Manufacturing Enterprises

Mingyang Li*, State University of New York at Binghamton, and Subal C. Kumbhakar, Binghamton University SUNY

Doubts on Natural Rate of Unemployment: Evidence from Asian and OECD Countries

Ka Ming Cheng*, The Hang Seng University of Hong Kong Discussants: Rukmani Gounder, Massey University Mingyang Li, State University of New York at Binghamton Ka Ming Cheng, The Hang Seng University of Hong Kong Li Jie, Nanjing University of Aeronautics and Astronautics [211] Monday, June 29 @ 10:15 AM–12:00 PM Volunteer Individual INFORMATION AND DECISION-MAKING Chair: Derek Rury, University of California, Davis Papers: Impacts of Wealth Distribution Systems on Individual Trust: A Laboratory Experiment

Jefferson Arapoc*, University of Newcastle, Morris Altman, University of Dundee, and David Savage, University of Newcastle

Learning and Evidence in Principal-Agent Environments Kym Pram*, University of Nevada - Reno

Rebellious Offspring of War Children: Parental Exposure to the Korean War and Risk Aversion

Young-Il Kim*, University of the Fraser Valley Ability, Beliefs and College Major Choice

Derek Rury*, University of California, Davis Discussants: Kym Pram, University of Nevada - Reno Young-Il Kim, University of the Fraser Valley Derek Rury, University of California, Davis Jefferson Arapoc, University of Newcastle [212] Monday, June 29 @ 10:15 AM–12:00 PM Individually Organized: Defense RESEARCH SUPPORTING HURRICANE RECOVERY IN PUERTO RICO Organizer: Cynthia Cook, RAND Corporation Chair: David Groves, RAND Corporation Papers: Challenges and Opportunities for the Puerto Rico Economy

Craig A. Bond*, RAND Corporation Supporting a 21st Century Workforce in Puerto Rico

Gabriella Gonzalez*, RAND Corporation Assessing the Costs of Disaster Recovery

David Metz*, RAND Corporation Will the Seaborne Supply Chain of Puerto Rico Support Hurricane Recovery Projects?

Vikram Kilambi*, RAND Corporation, and Adam Resnick, RAND Corporation

Discussants: Matthew Goldberg, Institute for Defense Analyses Peter Levine, Institute for Defense Analyses William Brent Boning, Center for Naval Analyses Edward G. Keating, Congressional Budget Office [213] Monday, June 29 @ 10:15 AM–12:00 PM Individually Organized EMERGENCY LENDING: TREASURY, FDIC AND FEDERAL RESERVE RESPONSES TO THE GREAT FINANCIAL CRISIS, 2007-2010 Organizer: Walker F. Todd, University of Akron Moderator: Walker F. Todd, University of Akron Panelists: Gerald P. O'Driscoll Jr., Cato Institute Edward J. Kane, Boston College Ronnie J. Phillips, Colorado State University, Fort Collins Walker F. Todd, University of Akron [214] Monday, June 29 @ 10:15 AM–12:00 PM Allied Society: CSWEP IMPLICATIONS OF IMMIGRATION AND IMMIGRATION POLICIES Organizer: Catalina Amuedo-Dorantes, University of California, Merced Chair: Catalina Amuedo-Dorantes, University of California, Merced Papers: Immigration and the Institutionalization of the Elderly

Kristin F. Butcher*, Wellesley College, Karen Moran, Massachusetts Institute of Technology, and Tara Watson, Williams College

Can Legal Status Help Undocumented Immigrants Achieve the American Dream? Evidence from the Deferred Actions for Childhood Arrivals Program

Jian Wang*, University of Dayton, and Weici Yuan, University of Central Arkansas

Unintended Consequences of Immigration Enforcement: Personal Services and High-Skilled Women’s Work

Chloe N. East*, University of Colorado Denver, and Andrea Velasquez, University of Colorado Denver

Business Ownership and Mexico-US Immigration Alejandro Gutiérrez-Li*, Washington University in St. Louis

Returns to Education and the Impacts on International Students' Enrollments and Selectivity: Evidence from the Optional Practical Training Program

Catalina Amuedo-Dorantes*, University of California, Merced, Kevin Shih, Queens College, CUNY, and Huanan Xu, Indiana University South Bend

Discussants: Catalina Amuedo-Dorantes, University of California, Merced Kristin F. Butcher, Wellesley College Alejandro Gutiérrez-Li, Washington University in St. Louis Jian Wang, University of Dayton Chloe N. East, University of Colorado Denver [215] Monday, June 29 @ 10:15 AM–12:00 PM Contemporary Economic Policy EXCHANGE RATE SHOCKS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology


Chair: Haichun Ye, Chinese University of Hong Kong, Shenzhen Papers: How Do the Stock Market and the Foreign Exchange Market Affect China’s Interest Rate Liberalization

Shen Zhang*, Tianjin University Shock-Dependent Exchange Rate Pass-Through: Evidence Based on a Narrative Sign Approach

Ren Zhang*, Bowling Green State University Islands of Stability in a Sea of Volatility: Investigating the Exposure of Japanese Producers to Exchange Rate Changes

Willem H. Thorbecke*, Research Institute of Economy, Trade, and Industry, Japan

Discussants: Willem H. Thorbecke, Research Institute of Economy, Trade, and Industry, Japan Shen Zhang, Tianjin University Haichun Ye, Chinese University of Hong Kong, Shenzhen [216] Monday, June 29 @ 10:15 AM–12:00 PM Allied Society: SABE BEHAVIORAL ASPECTS OF FINANCIAL MARKETS AND RISK 1 Organizers: Morris Altman, University of Dundee, Beryl Y. Chang, New York University, and Hannah Altman, Queensland University of Technology Chair: Morris Altman, University of Dundee Papers: The Impact of Institutional Transparency on Market Economics: Behavioral Considerations

Beryl Y. Chang*, New York University Understanding Rational Herding And Rational Greed and Business Cycles In the Real World of Asymmetric Information, Self-regarding Preferences, and Decision-making Heuristics

Morris Altman*, University of Dundee Limited Attention and the Long Tail

Andreas Hefti*, ZHAW School of Management and Law Macro Investment Anomalies and Behavioral Finance

Edwin T Burton*, University of Virginia Discussants: from above participants [217] Monday, June 29 @ 10:15 AM–12:00 PM Individually Organized IDENTIFYING IMPACTS OF PUBLIC POLICY ON SUBSTANCE USE Organizer: Tim A. Bersak, Wofford College Chair: Richard S. Gearhart, California State University, Bakersfield Papers: Do Ridesharing Services Increase Alcohol Consumption?

Jacob Burgdorf*, U.S. Department of Justice, Conor Lennon, University of Louisville, and Keith Teltser, Georgia State University

Medicaid Drug Spending among the Recently Unemployed: Lessons from the Great Recession

Joseph Benitez*, University of Kentucky Event Studies with Secular Time Trends

Michel Grosz, Federal Trade Commission, and Matthew Naven*, Washington and Lee University

What’s in a Signal? Has the Legalization of Over the Counter CBD Products Reduced Teen Smoking?

Tim A. Bersak*, Wofford College, Richard S. Gearhart, California State University, Bakersfield, and Nyakundi Michieka, California State University, Bakersfield

Discussants: Tim A. Bersak, Wofford College Matthew Naven, Washington and Lee University Richard S. Gearhart, California State University, Bakersfield Joseph Benitez, University of Kentucky [218] Monday, June 29 @ 10:15 AM–12:00 PM Allied Society: ISQOLS

ECONOMICS OF HAPPINESS 1 Organizers: Kelsey J. O'Connor, STATEC Luxembourg, Francesco Sarracino, STATEC Luxembourg, and Malgorzata Switek, University of Southern California Chair: Malgorzata Switek, University of Southern California Papers: Presidential Elections, Divided Politics, and Happiness in the U.S.

Sergio Pinto, University of Maryland, Panka Bencsik, University of Sussex, Tuugi Chuluun*, Loyola University Maryland, and Carol Graham, Brookings Institution

Creative Destruction, Job Reallocation, and Subjective Well-Being Mona Ahmadiani*, Wake Forest University, Adam Hyde, Wake Forest University, and Jeremy Jackson, North Dakota State University

Gray Skies and Blue Moms: The Effect of Air Pollution on Parental Life Satisfaction

Ahram Han, KDI School of Public Policy and Management, Gi Khan Ten, KDI School of Public Policy and Management, and Shun Wang*, KDI School of Public Policy and Management

Effects of Teaching Styles on Life Satisfaction and Test Scores: Evidence from the Program for International Student Assessment (PISA)

Stefano Bartolini, University of Siena, and Kelsey J. O’Connor*, STATEC Research

Discussants: from above participants [219] Monday, June 29 @ 10:15 AM–12:00 PM Contemporary Economic Policy BED & JOLTS: NEW LABOR MARKET DYNAMICS RESEARCH DATA FOR POLICY MAKERS Organizer: Kevin Cooksey, U.S. Bureau of Labor Statistics Chair: Kevin Cooksey, U.S. Bureau of Labor Statistics Papers: Wages and the Dynamics of Job Gains and Losses

Akbar Sadeghi*, U.S. Bureau of Labor Statistics, and Kevin Cooksey, U.S. Bureau of Labor Statistics

Business Employment Dynamics: Entrepreneurship Measures for the U.S. Economy

Kevin Cooksey*, U.S. Bureau of Labor Statistics, and Ashraf Sarsour, U.S. Bureau of Labor Statistics

Employment Dynamics by Age and Size Ashraf Sarsour*, U.S. Bureau of Labor Statistics, and Akbar Sadeghi, U.S. Bureau of Labor Statistics

Job Openings and Labor Turnover Trends for Western States Hope Allen*, U.S. Bureau of Labor Statistics, and Larry Akinyooye*, U.S. Bureau of Labor Statistics

Discussants: from above participants [220] Monday, June 29 @ 10:15 AM–12:00 PM Allied Society: Clio & EHA TO BE ANNOUNCED Organizer: Michael J. Haupert, University of Wisconsin -- La Crosse [221] Monday, June 29 @ 10:15 AM–12:00 PM Contemporary Economic Policy ECONOMICS OF CHINA: HOUSEHOLD FINANCES Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Yan Guo, Peking University Papers: Fintech and Households Mutual Fund Investment: A Quasi-Natural Experiment Based on the Birth of Yu'ebao

Qin Su, University of International Business and Economics, China, and Haibo Lei*, Tianjin University


Digital Financial Capability and Household Entrepreneurial Performance

Yu Luo*, Renmin University of China, and Lianyun Zeng, Renmin University of China

How Financial Fragile are Chinese Households? A Micro-Macro Approach

Jia Xu*, University of International Business and Economics, China Who Rules the Roost? Financial Capability and Investment Management of Chinese Households

Tsun-Feng Chiang*, Henan University Discussants: Yu Luo, Renmin University of China Yan Guo, Peking University Haibo Lei, Tianjin University Jia Xu, University of International Business and Economics, China [222] Monday, June 29 @ 10:15 AM–12:00 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [223] Monday, June 29 @ 10:15 AM–12:00 PM Allied Society: TPUG TRANSPORTATION INFRASTRUCTURE AND AGENTS Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: John Howard Brown, Georgia Southern University Papers: The Industrial Organization of The Ohio and Erie Canal

John Howard Brown*, Georgia Southern University Exit Decisions in Canadian Grain Elevator Industry

Sichao Jiang, University of Oregon, James Nolan*, University of Saskatchewan, and Wesley W. Wilson, University of Oregon

Driver Turnover in the Trucking Industry: What’s the Cost of Reducing Driver Quit Rates?

Steven Trick*, University of Wisconsin -- Milwaukee, James H. Peoples, University of Wisconsin -- Milwaukee, and Anthony Ross, University of Wisconsin -- Milwaukee

Discussants: James Nolan, University of Saskatchewan Steven Trick, University of Wisconsin -- Milwaukee John Howard Brown, Georgia Southern University [224] Monday, June 29 @ 10:15 AM–12:00 PM Allied Society: NAASE WOMEN IN SPORTS Organizer: Jane E. Ruseski, West Virginia University Chair: Laura B. Beaudin, Bryant University Papers: Are Elite Gymnasts Exploited?

Jill S. Harris*, U.S. Air Force Academy, and John Dulin, U.S. Air Force Academy

Women's Economic Freedom and Choice: Evidence from the Summer Olympics

Craig A. Depken II*, University of North Carolina, Charlotte Gender Inequality in Sport: Examining Determinants in Gender Inequality across Individual and Team Sport Participation

Joab Corey*, University of California, Riverside Relative Expenditure in Women’s Athletic Programs and Women’s Athletic Program Success; An analysis of NCAA Division 1 Women’s Basketball Programs

Laura B. Beaudin*, Bryant University Discussants: from above participants [225] Monday, June 29 @ 12:30 PM–2:15 PM Volunteer Individual

ECONOMETRIC APPLICATIONS TO BANKING RISKS AND COSTS Chair: Ercio Andres Munoz, The Graduate Center, CUNY Papers: The Taylor Rule and Financial Risk and Uncertainty

Iqbal Ahmed*, Texas State University Bank Risk and the Link to Macroeconomic Conditions in the U.S.

Huiran Pan*, California State University, Fullerton, and Chun Wang, Brooklyn College CUNY

A Comparison of European Banks Cost Efficiency Across Countries using a Nested Bayesian Stochastic Frontier

Ana Maria Ichim*, Missouri University of Science and Technology Pre-testing for Unobserved Cluster Effects and Inference in Finance Panel Data Sets

Ercio Andres Munoz*, The Graduate Center, CUNY, and Wim Vijvergberg, The Graduate Center, CUNY

Discussants: Huiran Pan, California State University, Fullerton Ana Maria Ichim, Missouri University of Science and Technology Ercio Andres Munoz, The Graduate Center, CUNY Iqbal Ahmed, Texas State University [226] Monday, June 29 @ 12:30 PM–2:15 PM Volunteer Individual BEHAVIOR STUDIES Chair: Katie Harris-Lagoudakis, Iowa State University Papers: A Model of Expenditure Shocks

Daniel Murphy*, University of Virginia, Kieran Walsh, University of California, Santa Barbara, Jorge Miranda-Pinto, University of Queensland, and Eric R. Young, University of Virginia

Self-Fulfilling Prophecies: Expectation Discrepancy and Performance Yen-Ling Lin*, Tamkang University

Intergenerational Exchanges and Fertility in Economic Development Akira Yakita*, Nanzan University

The Effect of Online Shopping on Grocery Demand Katie Harris-Lagoudakis*, Iowa State University

Discussants: Yen-Ling Lin, Tamkang University Akira Yakita, Nanzan University Katie Harris-Lagoudakis, Iowa State University Daniel Murphy, University of Virginia [227] Monday, June 29 @ 12:30 PM–2:15 PM Individually Organized: Defense THE FUTURE OF THE ALL-VOLUNTEER FORCE Organizer: David S. C. Chu, Institute for Defense Analyses Moderator: David S. C. Chu, Institute for Defense Analyses Panelists: Jerilyn Busch, Office of the Under Secretary of Defense for Personnel and Readiness Matthew Goldberg, Institute for Defense Analyses John David Winkler, RAND Corporation Jeffery Peterson, CNA Corporation [228] Monday, June 29 @ 12:30 PM–2:15 PM Volunteer Individual LEARNING AND SHOCKS Chair: Kimberly Berg, Miami University, Ohio Papers: Learning to Herd

Paul Shea*, Bates College Spillovers and Redistribution through Intra-Firm Networks: The Product Replacement Channel

Jay Hyun*, Columbia University Import Competition and Firms' Internal Networks: An Establishment-Level Analysis

Ziho Park*, University of Chicago, and Jay Hyun, Columbia University


What Can We Learn from the Alternative Measures of Oil Shocks? Gil Kim*, California State University, Fresno, and David Vera, California State University, Fresno

Asymmetric Effects of Sectoral Shifts under Low and High Uncertainty

Kimberly Berg*, Miami University, Ohio, and Nam Tuan Vu, Miami University, Ohio

Discussants: Jay Hyun, Columbia University Ziho Park, University of Chicago Gil Kim, California State University, Fresno Kimberly Berg, Miami University, Ohio Paul Shea, Bates College [229] Monday, June 29 @ 12:30 PM–2:15 PM Individually Organized FISCAL CONSOLIDATION AND POLICY ANNOUNCEMENTS Organizer: Sarah Zubairy, Texas A&M University, College Station Chair: Sarah Zubairy, Texas A&M University, College Station Papers: Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications

Huixin Bi, Federal Reserve Bank of Kansas City, and Sarah Zubairy*, Texas A&M University, College Station

The Rewards of Fiscal Consolidation: Sovereign Spreads and Confidence Effects

Antonio David*, International Monetary Fund, Jaime Guajardo, International Monetary Fund, and Juan Yepez, International Monetary Fund

Fiscal Limit and Fiscal Space in a Heterogenous Monetary Union: Normal Times vs the Zero Lower Bound

Javier Andres, Universidad de Valencia, Pablo Burriel, Banco de Espana, and Wenyi Shen*, Oklahoma State University

Discussants: from above participants [230] Monday, June 29 @ 12:30 PM–2:15 PM Individually Organized ROBERT E. LIPSEY MEMORIAL PANEL 1: INTERNATIONAL TRADE AND FINANCIAL DEVELOPMENT Organizer: Zadia M. Feliciano, Queen's College, CUNY, The Graduate Center, CUNY, and NBER Chair: Zadia M. Feliciano, Queen's College, CUNY, The Graduate Center, CUNY, and NBER Papers: Elusive Safety: The New Geography of Capital Flows and Risk

Laura Alfaro*, Harvard University, Ester Faia, Goethe Universitat Frankfurt, Ruth A. Judson, Federal Reserve Board of Governors, and Tim Schmidt-Eisenlohr, Federal Reserve Board

Monopsonistic Labor Markets and International Trade Priyaranjan Jha*, University of California, Irvine, and Antonio Rodriguez-Lopez, University of California, Irvine

The Dynamic Impact of International Trade Liberalization: Entry Timing of Exporters and Financial Development

Jae Wook Jung*, Sogang University On the Effectiveness of Capital Controls: A Synthetic Control Method Approach

Meng-Ting Chen*, The Graduate Center, CUNY, and Richard J. Nugent III, The Graduate Center, CUNY

Discussants: Walter G. Park, American University Washington D.C. Allison Derrick, U.S. Bureau of Economic Analysis Zadia M. Feliciano, Queen's College, CUNY, The Graduate Center, CUNY, and NBER Sooyoung Lee, Hobart and William Smith Colleges [231] Monday, June 29 @ 12:30 PM–2:15 PM

Contemporary Economic Policy DEVELOPMENT AND RISK IN FINANCIAL MARKETS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Donghyun Park, Asian Development Bank Papers: The Empirics of UK Gilts’ Yield

Huiqing Li*, Central University of Finance and Economics, China Bond Market Development and Bank Risk-Taking: Evidence from Developing Markets

Marie Anne Cagas*, Asian Development Bank, Donghyun Park, Asian Development Bank, and Shu Tian, Asian Development Bank

Global Inflation at Risk Aaron N. Mehrotra*, Bank for International Settlements

Discussants: Donghyun Park, Asian Development Bank Aaron N. Mehrotra, Bank for International Settlements Huiqing Li, Central University of Finance and Economics, China [232] Monday, June 29 @ 12:30 PM–2:15 PM Volunteer Individual PRENATAL AND MATERNAL HEALTH Chair: Olga Standrityuk, Ohio University, Athens Papers: Prenatal and Early Life Exposure to World War II and Adult’s Height: Evidence from Eastern Europe

Olga Standrityuk*, Ohio University, Athens, Klara S. Peter, University of North Carolina, Chapel Hill, and Christian M. Posso, Central Bank of Colombia

Maternal Mortality, Race, and the Abortion Laws of the 1960s and 1970s

Tia M McDonald*, Ohio University, Athens Discussants: Tia M McDonald, Ohio University, Athens Olga Standrityuk, Ohio University, Athens [233] Monday, June 29 @ 12:30 PM–2:15 PM Allied Society: ISQOLS ECONOMICS OF HAPPINESS 2 Organizers: Kelsey J. O'Connor, STATEC Luxembourg, Francesco Sarracino, STATEC Luxembourg, and Malgorzata Switek, University of Southern California Chair: Kelsey J. O'Connor, STATEC Luxembourg Papers: Gender and Jobs: The Relative Decline in Women's Job Satisfaction

Kelsey J. O’Connor*, STATEC Research, and Malgorzata Switek, University of Southern California

Lags and Leads in Subjective Well-being: Evidence from High-frequency Panel Survey of Older Adults in Singapore

Jessica Ya Sun, Huazhong University of Science and Technology, and Fengyu Wu*, Wake Forest University

Childhood Outcomes and Subjective Well-Being: New Evidence from The National Survey Of Moral Formation

Christopher Jacobi*, Oxford University Is Cooperation Always Good for Your Happiness? Investigating Heterogeneous Cooperative Behaviors and the Role of Personality Traits in Influencing Subjective Well-Being

Mara Grasseni, University of Bergamo, and Federica Origo*, University of Bergamo

Discussants: from above participants [234] Monday, June 29 @ 12:30 PM–2:15 PM Individually Organized MEASURING QUALITY WITH OCCUPATIONAL LICENSING Organizer: Alicia Morgan Plemmons, Southern Illinois University Edwardsville


Chair: Alicia Morgan Plemmons, Southern Illinois University Edwardsville Papers: Pre-Licensing Requirement, Labor Supply and Quality: The Revised Real Estate License Act in Illinois

Bobby W. Chung*, University of Illinois at Urbana-Champaign Across the Pond: Captain Licensing and Naval Safety in the U.S. and U.K.

Darwyyn Deyo*, San Jose State University Occupational Licensing in the Digital Age

Peter Q. Blair*, Harvard University, and Mischa Fisher, ANGI Homeservices

Barrier to Entry or Signal of Quality? The Effects of Occupational Licensing on Minority Dental Assistants

Xing Xia*, Yale-NUS College Discussants: from above participants [235] Monday, June 29 @ 12:30 PM–2:15 PM Volunteer Individual THE LEGAL SYSTEM AND CRIME Chair: Marilyn Ibarra-Caton, Ave Maria University Papers: Pretextual Traffic Stops and Racial Disparities in their Use

Matthew Philip Makofske*, Murray State University Estimating the Effect of Property Crime on Income: A System GMM Approach

Andrew Compton*, U.S. Air Force Academy Judicial Reform and Crime: Evidence From Mexico

Marilyn Ibarra-Caton*, Ave Maria University Discussants: Andrew Compton, U.S. Air Force Academy Marilyn Ibarra-Caton, Ave Maria University Matthew Philip Makofske, Murray State University [236] Monday, June 29 @ 12:30 PM–2:15 PM Contemporary Economic Policy RESEARCH IN INDUSTRIAL ORGANIZATION Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Thomas M. Fullerton Jr., University of Texas at El Paso Papers: Intermediation and the Pricing of Ancillary Goods

Chun-Hui Miao*, University of South Carolina, Columbia Maximum Resale Price Maintenance on Gas and Burgers

Travis Ka Ho Ng*, Chinese University of Hong Kong, and Gabrielle Lee, London School of Economics

Household Economic Stress and Retail Sales Activity Thomas M. Fullerton Jr.*, University of Texas at El Paso, and Ana P. Gutierrez-Zubiate, University of Texas at El Paso

Discussants: Travis Ka Ho Ng, Chinese University of Hong Kong Thomas M. Fullerton Jr., University of Texas at El Paso Chun-Hui Miao, University of South Carolina, Columbia [237] Monday, June 29 @ 12:30 PM–2:15 PM Contemporary Economic Policy ECONOMICS OF CHINA: REGIONAL AND GLOBAL EFFECTS Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Tsun-Feng Chiang, Henan University Papers: Estimation of the Border Effect between China and ASEAN: From 2003 to 2017

Min He*, China Foreign Affairs University, and Shuguang Liu, China Foreign Affairs University

Stock Market Linkages between China and East and Southeast Asian Countries

Chenghao Hu*, San Francisco State University

Housing Booms: The Unintended Consequences of Chinese Crisis-Rescue Plan in 2008

Honghong Wei*, East China Jiaotong University Discussants: Marina Glushenkova, University of Nottingham Ningbo China Min He, China Foreign Affairs University Tsun-Feng Chiang, Henan University [238] Monday, June 29 @ 12:30 PM–2:15 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [239] Monday, June 29 @ 12:30 PM–2:15 PM Volunteer Individual HEALTH AND HOUSEHOLD Chair: Justin Mark Tyndall, University of Hawaii at Manoa Papers: The Impact of Housing Affordability on Economic Development and Other Quality of Life Indicators in United States Metropolitan Areas

Robert W. Wassmer*, California State University, Sacramento The Impact of Marijuana Dispensaries on Local House Prices

Katherine A. Kiel*, College of the Holy Cross High Crime: The Impact of Recreational Marijuana Store Openings on Crime

Justin Mark Tyndall*, University of Hawaii at Manoa, and Xiuming Dong, Syracuse University

Discussants: Katherine A. Kiel, College of the Holy Cross Justin Mark Tyndall, University of Hawaii at Manoa Robert W. Wassmer, California State University, Sacramento [240] Monday, June 29 @ 12:30 PM–2:15 PM Allied Society: NAASE ECONOMICS OF SOCCER Organizer: Jane E. Ruseski, West Virginia University Chair: Johan Rewilak, Aston University Papers: Multi-Task Activity Allocation of Effort and Attention in Teams: The Case of European Soccer

J.D. Tena*, University of Liverpool, United Kingdom, and Università degli studi di Sassari, Italy, Marco Delogu, University of Sassari, and Stefano Cabras, Universidad Carlos III de Madrid

Management and Productivity in Culturally Heterogeneous Team Contexts

Brian M. Mills*, University of Texas at Austin, Janelle Wells, University of South Florida, and Randall Croom, Stetson University

What is the Optimum Number of Designated Players in MLS? Johan Rewilak*, Aston University, and Nicholas M. Watanabe, University of South Carolina, Columbia

Major League Soccer Expansion and Property Values: Do Sports Franchises Generate Amenities or Disamenities?

Aakrit Joshi*, University of New Mexico, Brady P. Horn, University of New Mexico, and Robert P. Berrens, University of New Mexico

Discussants: from above participants [241] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual SHOCKS AND PANEL DATA Chair: Peter Hull, University of Chicago Papers: Wealth Residual, Economic Growth and Inequality: Evidence from Panel VARs at US State Level

Jangyoun Lee*, University of Cambridge


Estimation of a Regression Jump with Additional Covariates in a Nonparametric Additive Model

Sihong Xie*, Seattle University Semiparametric Estimation of Limited Dependent Variable Models in Short Panels

Peter Toth*, University of Nevada - Reno, and Jason Abrevaya, University of Texas at Austin

Instruments Combining Quasi-Random Shocks with Non-Random Exposure: Theory and Applications

Peter Hull*, University of Chicago Discussants: Sihong Xie, Seattle University Peter Toth, University of Nevada - Reno Peter Hull, University of Chicago Jangyoun Lee, University of Cambridge [242] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual FAMILY ECONOMICS 1 Chair: Ben Brewer, University of Hartford Papers: Intra-Household Gender Differences in time Allocation and Financial Incentives

Gee Young Oh*, Pennsylvania State University, University Park Time Flies When You’re Having Fun: Effect of a Brief Intervention on Respondents’ Subjective Perception of Time and Discount Rates

David Bradford*, University of Georgia, and Meriem Hodge Doucette, California State University, Fullerton

Birth Endowments and Intra-Sibling Resource Allocation: Structural Estimates from a Collective Household Model

Priyanka Sarda*, Boston College Actually I don't: The Impact of Warrantless Arrest Laws on Marriage and Divorce

Ben Brewer*, University of Hartford Discussants: David Bradford, University of Georgia Priyanka Sarda, Boston College Ben Brewer, University of Hartford Gee Young Oh, Pennsylvania State University, University Park [243] Monday, June 29 @ 2:30 PM–4:15 PM Individually Organized: Defense THE QUADRENNIAL REVIEW OF MILITARY COMPENSATION: WHAT DO THE RESEARCH RESULTS IMPLY? Organizer: David S. C. Chu, Institute for Defense Analyses Moderator: Thomas Emswiler, 14th Quadrennial Review of Military Compensation Panelists: Nancy Huff, Institute for Defense Analyses Tom Geraghty, CNA Corporation Beth J. Asch, RAND Corporation [244] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual BUSINESS FLUCTUATIONS AND POLICY Chair: Andrew Keinsley, Weber State University Papers: On the Causes and Policy Implications of US County-Level Business Cycle Turning Points

Oscar O'Flaherty*, Vanderbilt University, Mario J. Crucini, Vanderbilt University, and Nam Tuan Vu, Miami University, Ohio

The Impact of Macroeconomic Policy on the Great Recession Yasser Fahmy*, University of Alberta

The Phillips Curve and Reality: Nonlinearity, Lagged Effects, and a Quality Dimension

Andrew Keinsley*, Weber State University, and Sandeep Kumar Rangaraju, Weber State University

Discussants: Yasser Fahmy, University of Alberta Andrew Keinsley, Weber State University Oscar O'Flaherty, Vanderbilt University [245] Monday, June 29 @ 2:30 PM–4:15 PM Individually Organized APPLIED MACROECONOMICS Organizer: Jane M. Binner, University of Birmingham Chair: Jane M. Binner, University of Birmingham Papers: Testing Superneutrality when Money Growth is Endogenous: Implications for New Keynesian Models

John W. Keating*, University of Kansas, Victor Valcarcel, University of Texas at Dallas, and A. Lee Smith, Federal Reserve Bank of Kansas City

Monetary Transmission in Money Markets: A Divisia Component Investigation

Zhengyang Chen, University of Texas at Dallas, and Victor Valcarcel*, University of Texas at Dallas

Evaluating the Impact of Intended and Unintended Liquidity Shocks: An application of Multiple Structural Break Analysis

Logan J. Kelly*, University of Wisconsin -- River Falls, and Jane M. Binner, University of Birmingham

Demand for Monetary Assets in a Low Interest Rate Environment Adrian R. Fleissig*, California State University, Fullerton

Discussants: from above participants [246] Monday, June 29 @ 2:30 PM–4:15 PM Individually Organized ROBERT E. LIPSEY MEMORIAL PANEL 2: INTERNATIONAL TRADE, INNOVATION AND LABOR MARKETS Organizer: Zadia M. Feliciano, Queen's College, CUNY, The Graduate Center, CUNY, and NBER Chair: Zadia M. Feliciano, Queen's College, CUNY, The Graduate Center, CUNY, and NBER Papers: Copyright Protection and Multinational Knowledge Transfer

Olena Ivus*, Queen's University, Canada, and Walter G. Park, American University Washington D.C.

Innovation and Industry Adjustment within the Global Firm L. Kamran Bilir, University of Wisconsin -- Madison, Allison Derrick*, U.S. Bureau of Economic Analysis, and Eduardo Morales, Princeton University

The Great Trade Collapse and Intrafirm Trade Jae Wook Jung, Sogang University, and Sooyoung Lee*, Hobart and William Smith Colleges

Intangible Assets, Corporate Taxes and the Relocation of Multinational Firms: The Case of Puerto Rico

Meng-Ting Chen, The Graduate Center, CUNY, and Zadia M. Feliciano*, Queen's College, CUNY, The Graduate Center, CUNY, and NBER

Discussants: Priyaranjan Jha, University of California, Irvine Laura Alfaro, Harvard University Meng-Ting Chen, The Graduate Center, CUNY Jae Wook Jung, Sogang University [247] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual FINANCIAL MARKETS AND INSTITUTIONS Chair: Omid M Ardakani, Georgia Southern University Papers: Which is the Best Asian Country and Financial Center for Foreign Investment? A Network Analysis

Tatsuyoshi Miyakoshi*, Hosei University, and Junji Shimada, Aoyama Gakuin University


OVX Index and Volatility in Asian Equity Markets Bahram Adrangi*, University of Portland, Arjun Chatrath, University of Portland, and Kambiz Raffiee, University of Nevada, Reno

Global Capital Markets and National Welfare Politics Christian Roessler*, California State University, East Bay

Entropic Option Valuation in a High-Frequency World Omid M Ardakani*, Georgia Southern University

Discussants: Bahram Adrangi, University of Portland Christian Roessler, California State University, East Bay Omid M Ardakani, Georgia Southern University Tatsuyoshi Miyakoshi, Hosei University [248] Monday, June 29 @ 2:30 PM–4:15 PM Allied Society: SABE BEHAVIORAL ASPECTS OF FINANCIAL MARKETS AND RISK 2 Organizers: Morris Altman, University of Dundee, Beryl Y. Chang, New York University, and Hannah Altman, Queensland University of Technology Chair: Beryl Y. Chang, New York University Papers: Money Maker or Penny Pincher: On the Psychological Foundations of Poverty Trap

Shuguang Jiang, Zhejiang University of Finance and Economics, Wei Qian, Shandong University, and Luyao Zhang*, East China Normal University

Dampening Focusing Illusion to Protect Borrowers Barna Bako*, Corvinus University of Budapest

Diagnostic Issues in Behavioral Experiments in a Non-Ergodic Market Beryl Y. Chang*, New York University

Discussants: from above participants [249] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual STATE AND LOCAL CHALLENGES Chair: Yoonjung Kim, University of California, Irvine Papers: More Money, Fewer Problems? The Effect of Foster Care Payments on Children’s Placement and Care Quality.

Anna Chorniy*, Northwestern University, and Chris Mills, Princeton University

School Finance Reform and Juvenile Crime Hamid NoghaniBehambari*, Texas Tech University

The Sustainability of Mexican Municipalities Debt Rene Cabral*, Tecnologico de Monterrey, Ernesto del Castillo*, Tecnologico de Monterrey, and Eduardo Saucedo*, Tecnologico de Monterrey

The Effects of Old-Age Pension Receipt on Elderly Employment and Health: Evidence from South Korea

Yoonjung Kim*, University of California, Irvine Discussants: Hamid NoghaniBehambari, Texas Tech University Rene Cabral, Tecnologico de Monterrey Yoonjung Kim, University of California, Irvine Anna Chorniy, Northwestern University [250] Monday, June 29 @ 2:30 PM–4:15 PM Individually Organized DISPARITIES IN HIGHER EDUCATION Organizer: Francisca Antman, University of Colorado Boulder Chair: Francisca Antman, University of Colorado Boulder Papers: Grade Sensitivity and College Major Choice: Can Better Information Reduce Gender Gaps in Economics?

Francisca Antman*, University of Colorado Boulder, Nicholas E. Flores, University of Colorado Boulder, and Evelyn Skoy, University of Colorado Boulder

The Impact of Academic Probation: Do Intensive Interventions Help? Aaron Albert, U.S. Air Force Academy, and Nathan Wozny*, U.S. Air Force Academy

Gender and Persistence in STEM Daniela Morar*, Yale University, Margaret C. Levenstein, University of Michigan, Ann Arbor, and Jason Owen-Smith, University of Michigan

Gender, Coauthorship, and Scholarly Productivity in Economics Andrew J. Hussey, University of Memphis, Sheena L. Murray*, University of Tennessee at Chattanooga, and Wendy A. Stock, Montana State University Bozeman

Discussants: from above participants [251] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual ASSETS, POVERTY AND HEALTH PROMOTION Chair: Diana K. Ngo, Occidental College Papers: A Study of the Preferences and Economic Evaluation of Elderly Health Promotion Plans in Kinmen, Taiwan

Chun-Fu Hong*, National Quemoy University, and Yi-Hsing Lin*, National Quemoy University

Dynamics and Chronicity of Income, Asset and Multidimensional Poverty: A Multi-Country Study

Abhilasha Sahay*, George Washington University, and Diana K. Ngo, Occidental College

Comparable Asset Indices: Potentials and Limitations Diana K. Ngo*, Occidental College, and Luc Christiaensen, World Bank

Discussants: Abhilasha Sahay, George Washington University Diana K. Ngo, Occidental College Chun-Fu Hong, National Quemoy University [252] Monday, June 29 @ 2:30 PM–4:15 PM Allied Society: CSWEP EDUCATION, SKILL PRODUCTION AND WAGE TRAPS Organizer: Catalina Amuedo-Dorantes, University of California, Merced Chair: Catalina Amuedo-Dorantes, University of California, Merced Papers: Building Inter-Ethnic Cohesion in Schools: An Intervention on Perspective Taking

Elif Kubilay*, University of Essex, UK, Alan Sule, University of Essex, UK, Ceren Baysan, University of Essex, UK, and Mert Gumren, Koc University, Istanbul

Using Existing School Messaging Platforms to Inform Parents About Their Child’s Attendance

Alexa Prettyman*, Georgia State University, Tareena Musaddiq, Georgia State University, and Jonathan Smith, Georgia State University

Major Complexity Index and College Skill Production Xiaoxiao Li*, Villanova University, Sebastian Linde, Grand Valley State University, and Hajime Shimao, Santa Fe Institute

College Matching Mechanisms and Matching Stability: Evidence from a Natural Experiment in China

Yang Song*, Colgate University, Wei Ha, Peking University, and Le Kang, Peking University

Low Level Equilibrium Trap for Women Bidisha Lahiri*, Oklahoma State University

Discussants: Alexa Prettyman, Georgia State University Yang Song, Colgate University


Bidisha Lahiri, Oklahoma State University Elif Kubilay, University of Essex, UK Xiaoxiao Li, Villanova University [253] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual LEGAL ISSUES Chair: Derek Christopher, University of California, Irvine Papers: Using Property Rights to Fight Crime: The Khaya Lam Project in South Africa

Kerianne Lawson*, West Virginia University On Deterrence in Litigation and Law Enforcement

Lawrence J. White*, New York University A Dynamic Model of Trust, Risk, and Economic Incentives in Ponzi Schemes

Tesa E. Leonce-Regalado*, Columbus State University Seeking Sanctuary: Housing Undocumented Immigrants

Derek Christopher*, University of California, Irvine Discussants: Lawrence J. White, New York University Tesa E. Leonce-Regalado, Columbus State University Derek Christopher, University of California, Irvine Kerianne Lawson, West Virginia University [254] Monday, June 29 @ 2:30 PM–4:15 PM Allied Society: TPUG ELECTRICITY MARKETS Organizers: Wesley W. Wilson, University of Oregon, and Jonathan Hughes, University of Colorado Boulder Chair: Nehan Naim, State University of New York College of Environmental Science and Forestry Papers: Identifying the Effect of Coal Plants on Air Pollution

Kanishka Kacker*, Indian Statistical Institute - Delhi, Eswaran Somanathan, Indian Statistical Institute - Delhi, Sagnik Dey, Indian Institute of Technology-Madras, and Rishabh Choudhary, World Bank

Regulation and Power Generation Firms’ Productivity: Panel Estimation with Time-Invariant Variables.

Maria Chiara DErrico*, University of Perugia, Paolo Polinori, University of Perugia, and Simona Bigerna, University of Perugia

Entry and Expansion: Case of Capacity Markets Nehan Naim*, State University of New York College of Environmental Science and Forestry

Discussants: Nehan Naim, State University of New York College of Environmental Science and Forestry Kanishka Kacker, Indian Statistical Institute - Delhi Maria Chiara DErrico, University of Perugia [255] Monday, June 29 @ 2:30 PM–4:15 PM Volunteer Individual GROWTH AND GLOBALIZATION Chair: Sean D. Jasso, Pepperdine University Papers: Is Democracy Good for Growth? Development at Political Transition Time Matters

Fali Huang*, Singapore Management University Thirty Years After: Economic Growth in Transition Countries

Josip Tica*, University of Zagreb, and Viktor Viljevac, University of Zagreb

World Polarization Alberto J. Vindas*, Central Bank of Costa Rica

The New Globalization: Strategic Hegemony – Trade, Rules, and Values

Sean D. Jasso*, Pepperdine University

Discussants: Josip Tica, University of Zagreb Alberto J. Vindas, Central Bank of Costa Rica Sean D. Jasso, Pepperdine University Fali Huang, Singapore Management University [256] Monday, June 29 @ 2:30 PM–4:15 PM Allied Society: AERE TO BE ANNOUNCED Organizer: Trudy Ann Cameron, University of Oregon [257] Monday, June 29 @ 2:30 PM–4:15 PM Allied Society: NAASE EFFECT OF INCENTIVES AND GAME STRATEGIES ON PERFORMANCE Organizer: Jane E. Ruseski, West Virginia University Chair: to be announced , Papers: Speed Kills? The Effect of the Hurry-Up-No-Huddle Offense on Injuries in College Football

Christopher M. Clapp*, University of Chicago Do (non-monetary) Bonus Incentives Improve Performance? Evidence from Basketball 1-and-1 Free Throw Shots

Dylan Blechner*, Syracuse University Post Hoc Ergo Propter Hoc? Does Getting Hit by a Pitch Affect a Batter's Subsequent Performance?

David M. Lang*, California State University, Sacramento Discussants: from above participants [258] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual BARGAINING AND GAME THEORY Chair: Dodge Cahan, University of Alberta Papers: Commitment and Conflict in Multilateral Bargaining

Topi Miettinen*, Hanken School of Economics, and Christoph Vanberg, Heidelberg University

General or Firm-Specific Training under Contractual Incompleteness Takuya Nakaizumi*, Kanto Gakuin University

Spatial Competition on 2-Dimensional Markets and Networks when Customers Don't Always Go to the Closest Firm

Dodge Cahan*, University of Alberta, Hongjia H. Chen, University of Auckland, Louis Christie, University of Cambridge, and Arkadii Slinko, University of Auckland

Discussants: Takuya Nakaizumi, Kanto Gakuin University Dodge Cahan, University of Alberta Topi Miettinen, Hanken School of Economics [259] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual FAMILY ECONOMICS 2 Chair: Ronel Elul, Federal Reserve Bank of Philadelphia Papers: The Supply and Demand for Housing in Honolulu, Hawaii

Lawrence Boyd*, University of Hawaii, West Oahu The Effect of State Housing Laws on County-Level Eviction Rates

David Bradford*, University of Georgia, and Ashley Bradford, Indiana University Bloomington

Owner-Occupancy Fraud and Mortgage Performance Ronel Elul*, Federal Reserve Bank of Philadelphia, Sebastian Tilson, Federal Reserve Bank of Philadelphia, and Aaron Payne, Federal Reserve Bank of Philadelphia

Discussants: David Bradford, University of Georgia Ronel Elul, Federal Reserve Bank of Philadelphia Lawrence Boyd, University of Hawaii, West Oahu [260] Monday, June 29 @ 4:30 PM–6:15 PM


Individually Organized: Defense NATIONAL SECURITY ISSUES FOR THE NEXT PRESIDENTIAL TERM Organizer: David S. C. Chu, Institute for Defense Analyses Moderator: David S. C. Chu, Institute for Defense Analyses Panelists: Laura H. Baldwin, RAND Corporation Jeff D. Goldstein, Office of Management and Budget Peter Levine, Institute for Defense Analyses William Brent Boning, Center for Naval Analyses [261] Monday, June 29 @ 4:30 PM–6:15 PM Allied Society: SABE HEURISTICS, CULTURE AND AGENCY Organizers: Morris Altman, University of Dundee, Beryl Y. Chang, New York University, and Hannah Altman, Queensland University of Technology Chair: Hannah Altman, Queensland University of Technology Papers: A Tinder Society and Bad Heuristics: Swiping Past Good Decisions

Hannah Altman*, Queensland University of Technology Agency, Mental Models and Decision-making

Morris Altman*, University of Dundee Contests, Overbidding, and Conflict Avoidance: A Cross-Cultural Examination

Rudy A. Santore*, University of Tennessee, Knoxville The Implicit Ethical Constraints on Homo Economicus

Steve Suranovic*, George Washington University Discussants: from above participants [262] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual TRADE AND BUSINESS CYCLES Chair: Sacha Gelfer, Bentley University Papers: Cross-Country Macroeconomic Effects of U.S. Tax News Shocks

Quazi Farah*, University of Wisconsin -- La Crosse Trade Integration and Sovereign Default Risk Contagion

Nupur Gupta*, Ohio State University, Columbus Evaluating the Forecasting Power of a Canadian DSGE model when estimated in a Data-Rich Environment

Sacha Gelfer*, Bentley University Discussants: Nupur Gupta, Ohio State University, Columbus Sacha Gelfer, Bentley University Quazi Farah, University of Wisconsin -- La Crosse [263] Monday, June 29 @ 4:30 PM–6:15 PM Contemporary Economic Policy MONETARY POLICY: TRANSMISSION AND INTEREST RATES Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Eungmin Kang, St. Cloud State University Papers: Changing Transmission of Monetary Policy on Disaggregate Inflation in India

Ankit Kumar, Indian Institute of Management, Raipur, and Pradyumna Dash*, Indian Institute of Management Raipur

Reserve Requirement Policy and Interest Rate Spreads Yuxuan Huang*, George Washington University

Dynamics of Monetary Policy Lag on Interest Rates: Empirical Evidence from Autoregressive Distributed Lag Models

Eungmin Kang*, St. Cloud State University, and Artatrana Ratha, St. Cloud State University

Discussants: Yuxuan Huang, George Washington University Eungmin Kang, St. Cloud State University

Pradyumna Dash, Indian Institute of Management Raipur [264] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual ISSUES IN TRADE Chair: Thomas Zylkin, University of Richmond Papers: Speaking of Trade: Quantifying the Economic Impact of Multilingualism and English as a Global Lingua Franca

Enrique Martinez-Garcia*, Federal Reserve Bank of Dallas, and Maria Teresa Martinez-Garcia, Hankuk University of Foreign Studies

Missing Data in the Structural Gravity: Estimation Bias Due to the Omission of Internal Trade

Pedro Esteban Moncarz*, Universidad Nacional de Córdoba, Marcel Vaillant, University of the Republic, Uruguay, and Manuel Flores, University of the Republic, Uruguay

Import Tariffs vs. Antidumping Duties: A Comparative Analysis with Welfare Implications

Mian Farrukh Raza*, Kansas State University, and Yang-Ming Chang, Kansas State University

Bias and Consistency in Three-way Gravity Models Thomas Zylkin*, University of Richmond

Discussants: Pedro Esteban Moncarz, Universidad Nacional de Córdoba Mian Farrukh Raza, Kansas State University Thomas Zylkin, University of Richmond Enrique Martinez-Garcia, Federal Reserve Bank of Dallas [265] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual MARKET POWER AND MARKET MOVEMENTS Chair: Georgios Koimisis, Manhattan College Papers: Short Selling Bans and Limits to Arbitrage in a Multi-Market Setting

Robinson Reyes Pena*, Florida International University, Pankaj K. Jain, University of Memphis, Suchismita Mishra, Florida International University, and Yu Hu, Florida International University

Spoofing: Effective Market Power Building through Perception Alignment

Michael H. Wang, Research Institute of Comprehensive Economics, and Viktoria Dalko*, Hult International Business School

Seasonal Decomposition of Abnormal Market Movements Rebecca Anne Bommarito*, Claremont Graduate University

An EZ Way to Evaluate Durable Assets Georgios Koimisis*, Manhattan College

Discussants: Michael H. Wang, Research Institute of Comprehensive Economics Rebecca Anne Bommarito, Claremont Graduate University Georgios Koimisis, Manhattan College Robinson Reyes Pena, Florida International University [266] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual CORPORATE PERFORMANCE AND INVESTMENT Chair: Robert Loveland, California State University, East Bay Papers: Why has Executive Pay Become Less Diverse?

Torsten Jochem*, University of Amsterdam, Anjana Rajamani, Erasmus University, and Gaizka Ormazabal, University of Navarra

Investment Behaviour at the Firm Level in the Visegrád Group Klara Bakova*, Mendel University in Brno


Impacts of Mergers and Acquisitions on the Corporate Performance of Global Medical Device Firms

Satoshi Koibuchi*, Chuo University, and Mizuki Goto, Hitotsubashi University

Deregulation, Listing and Delisting Robert Loveland*, California State University, East Bay, J. Harold Mulherin, University of Georgia, and Kevin Okoeguale, Saint Mary's College of California

Discussants: Klara Bakova, Mendel University in Brno Satoshi Koibuchi, Chuo University Robert Loveland, California State University, East Bay Torsten Jochem, University of Amsterdam [267] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual PHYSICIAN DECISION AND CHOICE Chair: Kelli Marquardt, University of Arizona Papers: Do We Stay in Hospitals Too Long? New Evidence on the Effects of Length of Stay

Emily Yiying Zheng*, Chinese University of Hong Kong, Shenzhen, Yanling Qi, California State University, Long Beach, and Shaoyang Zhao, Sichuan University

Medicaid Policy and Physician Capacity Constraints Revisited Jason Huh*, Rensselaer Polytechnic Institute, and Jianjing Lin, Rensselaer Polytechnic Institute

Medical Team Diversity and Performance: Evidence from China Xin Zhao*, University of International Business and Economics, China

Identifying Physician Practice Style for Attention Deficit Hyperactivity Disorder

Kelli Marquardt*, University of Arizona Discussants: Jason Huh, Rensselaer Polytechnic Institute Xin Zhao, University of International Business and Economics, China Kelli Marquardt, University of Arizona Emily Yiying Zheng, Chinese University of Hong Kong, Shenzhen [268] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual EDUCATION OUTCOMES Chair: Solveig Delabroye, University of Colorado Boulder Papers: The Effects of Athletics Participation on Education and Labor Market Outcomes: Evidence from Sibships

Patrick Reilly*, Skidmore College The Academic Performance of GED Graduates in Post-Secondary Institution

T M Tonmoy Islam*, Elon University, and Katy Rouse, Elon University

Learning from One’s Community: Effects of Neighborhood and Family Structure on Non-Cognitive Skills

Solveig Delabroye*, University of Colorado Boulder Discussants: T M Tonmoy Islam, Elon University Solveig Delabroye, University of Colorado Boulder Patrick Reilly, Skidmore College [269] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual ECONOMICS OF POVERTY Chair: Smriti Tiwari, Skidmore College Papers: The Historical Evolution of "Poverty Wages"

Andrea L. Ziegert*, Denison University Economic Growth and Poverty Revisited

Christopher K. Johnson*, University of North Florida

Temporal Changes in Indonesia’s Poor Smriti Tiwari*, Skidmore College

Discussants: Christopher K. Johnson, University of North Florida Smriti Tiwari, Skidmore College Andrea L. Ziegert, Denison University [270] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual TOPICS IN LABOR MARKETS Chair: Joshua Mask, University of Illinois at Chicago Papers: Performance Pay, Working Hours, and Health-Related Absenteeism

Jed L. DeVaro*, California State University, East Bay The Effect of the Opioid Epidemic on Job Vacancy Duration

Rhet A. Smith*, University of Arkansas at Little Rock, Julio Garin, Claremont McKenna College, and Vincent R. Pohl, University of Georgia, Athens

Recessions and Local Labor Markets Brad J. Hershbein*, W. E. Upjohn Institute for Employment Research, and Brookings Institution, and Bryan Stuart, George Washington University

Salary History Bans: Lowering the Gender Wage Gap or Lowering Wages?

Joshua Mask*, University of Illinois at Chicago Discussants: Rhet A. Smith, University of Arkansas at Little Rock Brad J. Hershbein, W. E. Upjohn Institute for Employment Research, and Brookings Institution Joshua Mask, University of Illinois at Chicago Jed L. DeVaro, California State University, East Bay [271] Monday, June 29 @ 4:30 PM–6:15 PM Allied Society: CSWEP POLICIES AFFECTING CHILDREN, COUPLES AND IMMIGRANTS Organizer: Catalina Amuedo-Dorantes, University of California, Merced Chair: Catalina Amuedo-Dorantes, University of California, Merced Papers: A Quantitative Evaluation of Publicly Provided Day Care

Zoe Xie*, Federal Reserve Bank of Atlanta Happy 18th Birthday, Now Leave: The Hardships of Aging Out of Foster Care

Alexa Prettyman*, Georgia State University Do Shelters Reduce Intimate Partner Violence?

Lauren Schechter*, University of Colorado Boulder Effects of Joint Taxation on Occupations of Married Couples

Linh Nguyen*, Duke University SNAPing to the Beat: Assessing the Impact of Immigrants’ Food Stamps Eligibility on Household Income

Sidonia McKenzie*, Kansas State University Discussants: Linh Nguyen, Duke University Lauren Schechter, University of Colorado Boulder Sidonia McKenzie, Kansas State University Alexa Prettyman, Georgia State University Zoe Xie, Federal Reserve Bank of Atlanta [272] Monday, June 29 @ 4:30 PM–6:15 PM Contemporary Economic Policy ECONOMICS OF CHINA: INDUSTRIAL GROWTH, PRICE INTEGRATION AND TAX AVOIDANCE Organizer: Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology Chair: Ren Zhang, Bowling Green State University


Papers: Administrative Division Adjustment and China's Industrial Growth

Jia Xu*, University of International Business and Economics, China The Effect of Infrastructure Development on Urban-Rural Price Integration in China

Marina Glushenkova*, University of Nottingham Ningbo China, and Yingying Shi, University of Nottingham Ningbo China

Corporate Tax Avoidance: What Firms Can Learn from the Past? Minjie Huang*, Bowling Green State University

Discussants: Ren Zhang, Bowling Green State University Minjie Huang, Bowling Green State University Jia Xu, University of International Business and Economics, China [273] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual CARBON AND ENERGY Chair: Koichi Yamaura, Ritsuemeikan Asia Pacific University Papers: Global Climate Change and the Social Cost of Carbon

Mark E. Eiswerth*, University of Northern Colorado, and G. Cornelis van Kooten, University of Victoria

The Nexus between CO2e and Economic Activities: What Should be Done to have an Inverted EKC’s U-Shape?

Ahmed Khalifa Sr.*, Qatar University, Alanoud Al-Maadid, Qatar University, Massimiliano Caporin, University of Padova, and Tommaso Di Fonzo, University of Padova

Consumer Preferences towards Energy Mix and Zero-Emission-Housing in Japan and Taiwan

Koichi Yamaura*, Ritsuemeikan Asia Pacific University Discussants: Ahmed Khalifa Sr., Qatar University Koichi Yamaura, Ritsuemeikan Asia Pacific University Mark E. Eiswerth, University of Northern Colorado [274] Monday, June 29 @ 4:30 PM–6:15 PM Volunteer Individual TOURISM AND CULTURAL Chair: Hao-Chung Li, National Chengchi University, Taiwan Papers: The Effects of Cultural Values on College Major Choice: Evidence from Second Generation Immigrants in the United States

Hao-Chung Li*, National Chengchi University, Taiwan, and Kai-Yi Peng, National Chengchi University, Taiwan

Analyzing Travel Frequencies of Both Domestic and International Trips using Bivariate Count Data Regression Models

Kang Ernest Liu*, National Taiwan University Discussants: Kang Ernest Liu, National Chung Cheng University, Taiwan Hao-Chung Li, National Chengchi University, Taiwan [275] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual ECONOMETRIC MODELS AND VOLATILITY Chair: Minh T. Vo, Metropolitan State University, Minneapolis Papers: Quantitative Easing and the Dynamics of Interest and Inflation Rates

James Kolari*, Texas A&M University, College Station Endogenous Uncertainty in the Oil Market: A Bayesian Stochastic Volatility in Mean Approach

Joseph Byrne*, Heriot-Watt University Global Co-Movements of International Reserves & Their Effects

Piyali Banerjee*, Ashoka University Forecasting Stock Market Volatilities with High-Frequency Data

Minh T. Vo*, Metropolitan State University, Minneapolis Discussants: Joseph Byrne, Heriot-Watt University

Piyali Banerjee, Ashoka University Minh T. Vo, Metropolitan State University, Minneapolis James Kolari, Texas A&M University, College Station [276] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual GOVERNMENT, LEGISLATION AND SAVINGS Chair: Trevor O'Grady, College of New Jersey Papers: Untangling Measures of Personal Saving

David Bunting*, Eastern Washington University Generous to a Fault? The Effect of Generosity of Employers’ Retirement Plan Contributions on Leakage from Cashing Out at Job Separation

Muxin Zhai*, Texas State University, Yanwen Wang, University of British Columbia, and John G. Lynch, University of Colorado Boulder

The Supply and Demand of Legislation: Evidence from the 113th Congress

Brian Towell, University of Tennessee at Martin, and William L. Davis*, The University of Tennessee at Martin

Effects of Campaign Spending in a Wave Election: Regression Discontinuity Evidence from the 2018 US House Elections

Trevor O'Grady*, College of New Jersey, and Felix Aidala, Charles River Associates

Discussants: Muxin Zhai, Texas State University Brian Towell, University of Tennessee at Martin Trevor O'Grady, College of New Jersey David Bunting, Eastern Washington University [277] Tuesday, June 30 @ 8:15 AM–10:00 AM Individually Organized: Defense DEFENSE ECONOMICS: FORCES AND RESOURCES POLICY CENTER RESEARCH Organizers: John David Winkler, RAND Corporation, and Molly McIntosh, RAND Corporation Chair: John David Winkler, RAND Corporation Papers: Compensation and Benefits for Science, Technology, Engineering and Mathematics (STEM) Workers: A Comparison of the Federal Government and the Private Sector

Kathryn Edwards*, RAND Corporation Officer Career Management: Steps Toward Modernization in the 2018 and 2019 National Defense Authorization Acts

Kate Kidder*, RAND Corporation [278] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual LABOR AND EDUCATION Chair: Clemens Kool, Maastricht University Papers: Employment Protection Legislation and Efficiency: Evidence from Brazil

Joshua Bernstein*, Indiana University Bloomington, and David Arnold, Princeton University

Skill Loss and Search Assistance in General Equilibrium Nicholas Embrey*, Fannie Mae

Student Collge Mismatch and Mandatory College Entrance Exam Jaeki Jang*, University of Virginia

The Impact of Ageing on Wealth Effects Clemens Kool*, Maastricht University, Joan Muysken, Maastricht University, and Jingyang Liu, University of Utrecht

Discussants: Nicholas Embrey, Fannie Mae Jaeki Jang, University of Virginia Clemens Kool, Maastricht University


Joshua Bernstein, Indiana University Bloomington [279] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual CONSUMPTION AND BUSINESS FLUCTUATIONS Chair: Ziho Park, University of Chicago Papers: Striking While the Iron Is Cold: Fragility after a Surge of Lumpy Investments

Hanbaek Lee*, University of Pennsylvania Financial Destabilization

Takuma Kunieda*, Kwansei Gakuin University Size-Dependent Financial Frictions and Capital Misallocation: Evidence from Chinese Manufacturing Firms

Xiaolu Zhu*, University of California, Riverside Trade Adjustment: Establishment-Level Evidence

Ziho Park*, University of Chicago Discussants: Takuma Kunieda, Kwansei Gakuin University Xiaolu Zhu, University of California, Riverside Ziho Park, University of Chicago Hanbaek Lee, University of Pennsylvania [280] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual MACRO POLICY Chair: Aziz N. Berdiev, Bryant University Papers: Cyclical Reaction of Fiscal Policy and its Relationship with the Current Account Balance

Lamia Bazzaoui*, Tohoku University Dynamic Estimates of the Multiplier from Federal Medicaid Assistance to States

Anil Kumar*, Federal Reserve Bank of Dallas, and Seth H. Giertz, University of Texas at Dallas

The Case for Independence: Does Central Bank Independence Curb the Underground Economy?

Aziz N. Berdiev*, Bryant University Discussants: Anil Kumar, Federal Reserve Bank of Dallas Aziz N. Berdiev, Bryant University Lamia Bazzaoui, Tohoku University [281] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual SEARCH, LIQUIDITY AND EXCHANGE RATES Chair: Jyh-Lin Wu, National Sun Yat-Sen University, Taiwan Papers: Cost of U.S. New Protectionism for Mexico

Kayhan Koleyni*, Eastern New Mexico University Search, Capital, and Financial Efficiency in Developing Economies

Maroula Khraiche*, University of Texas Rio Grande Valley Global Liquidity, Offshore Bond Issuance and Noncore Liability in BRICs Countries

Shugo Yamamoto*, Yamaguchi University Revisiting the Association Between Current Account Persistence and Exchange Rate Regimes

Jyh-Lin Wu*, National Sun Yat-Sen University, Taiwan Discussants: Maroula Khraiche, University of Texas Rio Grande Valley Shugo Yamamoto, Yamaguchi University Jyh-Lin Wu, National Sun Yat-Sen University, Taiwan Kayhan Koleyni, Eastern New Mexico University Frank Zhichuan Li, University of Western Ontario [282] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual

FINANCIAL MARKETS AND CREDIT Chair: Jiayi Xu, Auburn University Papers: Impact of Seasonality Adjusted Flexible Microcredit on Repayment and Food Consumption: Experimental Evidence from Rural Bangladesh

Abu Shonchoy*, Florida International University, and Takashi Kurosaki, Hitotsubashi University

The Governance Role of Lender Monitoring: Evidence from Borrowers’ Tax Planning

Jianning Huang*, University of Memphis, Fuzhao Zhou, University of Texas - El Paso, Pei Shao, University of Lethbridge, and Feixue Xie, University of Texas at El Paso

The Valuation of In-Forced Business for the Life Insurance Company Jin-Ping Lee*, Feng Chia University, Taiwan

Minority Depository Institutions: Why So Few — After 150 Years? New News — Poor and Risky Performance Is Not the Answer!

Jiayi Xu*, Auburn University, and James R. Barth, Auburn University

Discussants: Jianning Huang, University of Memphis Jin-Ping Lee, Feng Chia University, Taiwan Jiayi Xu, Auburn University Abu Shonchoy, Florida International University [283] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual TAXATION AND EFFICIENCY Chair: Melissa Boyle, College of the Holy Cross Papers: Consideration of Tax Avoidance and Tax Governance for Multinational Corporations

Bishwa Raj Kandel*, Nagoya University, and Shoko Sakai, Kaetsu University

Labor Obstacles to Business Operations in Transition Countries Junpyo Park*, University of Northern Colorado, and Shih-Hsien Chuang, Northwest Missouri State University

Optimal Agricultural Policy: Small Gains? Kai Ding*, California State University, East Bay, and Filippo Rebessi, California State University, East Bay

Mandatory Spay and Neuter Laws: Are they Effective? Melissa Boyle*, College of the Holy Cross

Discussants: Junpyo Park, University of Northern Colorado Kai Ding, California State University, East Bay Melissa Boyle, College of the Holy Cross Bishwa Raj Kandel, Nagoya University [284] Tuesday, June 30 @ 8:15 AM–10:00 AM Allied Society: KAEA TOPICS IN MICRO AND MACROECONOMICS Organizer: Jaebeom Kim, Oklahoma State University Chair: Jaebeom Kim, Oklahoma State University Papers: Is There a Child Penalty in South Korea?

Narae Park*, Michigan State University Impact of Air Pollution on Health Status and Healthcare Expenditures: A Panel Data Assessment in Korea

Byeongseon Seo, Korea University, and Hyung Sun Yim*, Korea University

Artifactual Man, Narrative Man, and Pico-Economics Yong J. Yoon*, George Mason University

Oil Price Shocks and the U.S. Stock Market Behaviors: A Nonlinear Approach

Inwook Hwang*, Oklahoma State University, and Jaebeom Kim, Oklahoma State University



[285] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual ENROLLMENT AND REGISTRATION Chair: Darren Page, University of Iowa Papers: What Sections of Courses Fill up First? Investigating Class Selection during Registration

Mikhail Kouliavtsev*, Stephen F. Austin State University Charter School Effects on Achievement and Enrollment: Evidence from Public Schools in Utah

Michael Mamo*, Westminster College Effect of Common Application on Individual Application and Enrollment Decisions

Darren Page*, University of Iowa Discussants: Michael Mamo, Westminster College Darren Page, University of Iowa Mikhail Kouliavtsev, Stephen F. Austin State University [286] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual DEMOGRAPHIC ISSUES Chair: Guanlin Gao, Chaminade University of Honolulu Papers: Internet Usage and the Cognitive Function of Retirees

Vincent O'Sullivan*, Lancaster University, Colin P. Green, Norwegian University of Science and Technology, and Likun Mao, Lancaster University

When Policies Fail the Young: Evaluating the Unintended Consequences of India's Child Marriage Ban

Amna Javed*, University of Oregon The Effect of Sex-Selective Abortion Bans in the United States

William Edward Jergins*, University of Arkansas at Little Rock A Field Experiment on Racial Discrimination in the Rental Housing Market of Hawaii

Guanlin Gao*, Chaminade University of Honolulu, and Elena Chen, Chaminade University of Honolulu

Discussants: Amna Javed, University of Oregon William Jergins, Texas Tech University Guanlin Gao, Chaminade University of Honolulu Vincent O'Sullivan, Lancaster University [287] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual IMMIGRATION AND EDUCATION Chair: Joonhong Ahn, University of Missouri Papers: Are Occupational Licensing Constraints Binding for Undocumented Immigrants? Evidence from California

Joshua Grelewicz*, University of California, Davis Dynamic Social Network Effects of Refugee Resettlement

Brachel Champion*, University of Colorado Boulder American Dreams and Business Cycles

Joseph M. Santos, South Dakota State University, and Kailie Drescher*, South Dakota State University

Intergenerational Transmission of Education in Korea: Using A Nonparametric Bounds Analysis

Joonhong Ahn*, University of Missouri Discussants: Brachel Champion, University of Colorado Boulder Joseph M. Santos, South Dakota State University Joonhong Ahn, University of Missouri Joshua Grelewicz, University of California, Davis [288] Tuesday, June 30 @ 8:15 AM–10:00 AM Volunteer Individual

ENERGY, FLOODS AND AGRICULTURE Chair: Yir-Hueih Luh, National Taiwan University Papers: A Wheat Straw Feedstock Supply Response Model for Ethanol Production in Canada

Curtis McKnight*, The University of Alberta, and Grant Hauer, The University of Alberta

Identifying the Information Effect of Flood Events: A Near-Miss Hedonic Approach

Allan Beltran*, University of Birmingham, David Maddison, University of Birmingham, and Robert J. Elliott, University of Birmingham

Crop Switching and Smallholder Farm Income: Empirical Evidence with Reference to Farm Program in Taiwan

Yir-Hueih Luh*, National Taiwan University Discussants: Allan Beltran, University of Birmingham Yir-Hueih Luh, National Taiwan University Curtis McKnight, The University of Alberta [289] Tuesday, June 30 @ 10:15 AM–12:00 PM Allied Society: KAEA TOPICS IN MICROECONOMICS AND ECONOMETRICS Organizer: Jaebeom Kim, Oklahoma State University Chair: Cheolbeom Park, Korea University Papers: Estimation and Inference of Quantile Impulse Response Functions by Local Projections: With Applications to VAR Dynamics

Heejoon Han, Sungkyunkwan University, Whayoung Jung, University of Illinois, and Jihyung Lee*, University of Illinois at Urbana-Champaign

Informed Agent's Advice: Theory and Evidence Sanghoon Kim*, University at Buffalo SUNY

Demographic Structure and House Prices in the United States: A Reconciliation Using Metropolitan Area Data1

Jihee Ann, Korea University, and Cheolbeom Park*, Korea University

Discussants: from above participants [290] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual PRODUCTION AND ORGANIZATIONS Chair: Ashish Shenoy, University of California, Davis Papers: Choosing Wisely: A Better Strategy for Preserving the Value of Tax Deductions and Credits

Jason L. Saving*, Federal Reserve Bank of Dallas Unsuccessful Business Succession among Small and Medium-sized Firms in Japan

Atsushi Miyake*, Kobe Gakuin University, and Hisashi Okamoto, Kobe Gakuin University

Got (Clean) Milk? Transparency, Governance, and Incentives for Cleanliness in Indian Dairy Cooperatives

Ashish Shenoy*, University of California, Davis Strategic Environmental Management and CSR Performance: The Case of ISO 14001 Certification in Taiwan

Shih-Ying Wu*, National Tsing Hua University, Taiwan, and Mei-Jane Teng, National Chin-Yi University of Technology, Taiwan

Discussants: Atsushi Miyake, Kobe Gakuin University Ashish Shenoy, University of California, Davis Shih-Ying Wu, National Tsing Hua University, Taiwan Jason L. Saving, Federal Reserve Bank of Dallas [291] Tuesday, June 30 @ 10:15 AM–12:00 PM Individually Organized: Defense RECOVERY AND RESPONSES TO HURRICANES


Organizer: Jeffrey B. Wenger, RAND Corporation Chair: Jeffrey B. Wenger, RAND Corporation Papers: Migration as Mitigation? Relocations in the United States in Response to Hurricanes

Margaret Walls*, Resources for the Future, and Danae Hernandez-Cortes, University of California, Santa Barbara

Learning by Dying Jonathan Eyer*, University of Southern California

Flood Damages and Mortgage Credit Risk: A Case Study of Hurricane Recovery

Carolyn Kousky*, University of Pennsylvania, Mark Palim, Fannie Mae, and Ying Pan, Fannie Mae

Economy-wide Impacts of Recovery Aaron Strong*, RAND Corporation, Jeffrey B. Wenger, RAND Corporation, and Isaac Opper, RAND Corporation

Discussants: Jeffrey B. Wenger, RAND Corporation Jared Carbone, Colorado School of Mines [292] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual MACROECONOMIC POLICY AND TRADE Chair: Hao Lan, Xi'an Jiaotong-Liverpool University Papers: Exchange-rate pass-through via the supply side

Andreas Freitag*, University of California, Berkeley, and Sarah M. Lein, Swiss National Bank

Internal Rationality, Learning and Imperfect Information Bo Yang*, Swansea University

Redistributive Policy Shocks and Optimal Monetary Policy with Heterogeneous Agents.

Chetan Ghate*, Indian Statistical Institute, Debdulal Mallick, Deakin University, and Ojasvita Bahl, Indian Statistical Institute - Delhi

Inflation Regimes and Commodity Price Pass-Through Hao Lan*, Xi'an Jiaotong-Liverpool University

Discussants: Bo Yang, Swansea University Chetan Ghate, Indian Statistical Institute Hao Lan, Xi'an Jiaotong-Liverpool University Andreas Freitag, University of California, Berkeley [293] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual MONETARY POLICY Chair: A. Lee Smith, Federal Reserve Bank of Kansas City Papers: Limits to Monetary Policy Transmission at the Zero Lower Bound and Beyond: The Role of Nonbanks

Seung Jung Lee*, Federal Reserve Board of Governors Counterparty Default Risk and Monetary Policy in Interbank Lending Markets

Margaret apRoberts-Warren*, Eastern Washington University U.S. Bilateral Capital Inflows and Housing Return Predictability

Zachary McGurk*, Canisius College Should We be Puzzled by Forward Guidance?

A. Lee Smith*, Federal Reserve Bank of Kansas City, and Brent Bundick, Federal Reserve Bank of Kansas City

Discussants: Margaret apRoberts-Warren, Eastern Washington University Zachary McGurk, Canisius College A. Lee Smith, Federal Reserve Bank of Kansas City Seung Jung Lee, Federal Reserve Board of Governors [294] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual

MACRO POLICY AND TAXATION Chair: Alfred A. Haug, University of Otago Papers: Tax Competition, Composition of Public Goods, and Labor Mobility in a Fiscal Union

Vladimir Dashkeev*, Seattle University, and Stephen J. Turnovsky, University of Washington Seattle

Tax Progressivity, Economic Booms, and Trickle Up Economics Christopher Otrok*, University of Missouri -- Columbia, Laura E. Jackson, Bentley University, and Michael T. Owyang, Federal Reserve Bank of St. Louis

Tax Multipliers in Recessionary and Expansionary Periods Alfred A. Haug*, University of Otago

Discussants: Christopher Otrok, University of Missouri -- Columbia Alfred A. Haug, University of Otago Vladimir Dashkeev, Seattle University [295] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual STARTUPS, IP AND R&D Chair: Dean Showalter, Texas State University Papers: The Interaction of R&D Between Producers and Transport Firms in an Oligopolistic Competition

Daishoku Kanehara*, Japan Society for the Promotion of Science, and Keita Kamei, Seinan Gakuin University

Foreign Direct Investment and Intellectual Property Right Policy Jiunn-Rong Chiou*, National Central University, Taiwan, and Chia-Chi Wang, Tatung University

University Startup Equity Stakes and Performance Dean Showalter*, Texas State University

Discussants: Jiunn-Rong Chiou, National Central University, Taiwan Dean Showalter, Texas State University Daishoku Kanehara, Japan Society for the Promotion of Science [296] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual FINANCIAL MARKETS AND CREDIT Chair: Padma Ranjini Sharma, Federal Reserve Bank of Kansas City Papers: The Value of Analyst Recommendation Revisions with Short Sale: An Updated Evidence in the China Stock Market

Gordon Y. N. Tang*, Hong Kong Baptist University, and Wing Shing Jor, Hong Kong Baptist University

Do Acquirers Gain Private Benefit at Public Cost? Evidence From Bank Acquisitions

Farindokht Vaghefi*, Federal Reserve Bank of Richmond, and Daniela Scida, Federal Reserve Bank of Richmond

The Equilibrium Effect of Information in Consumer Credit Markets: Public Records and Credit Redistribution

Scott Fulford*, Consumer Financial Protection Bureau, and Eva Nagypal, Consumer Financial Protection Bureau

The Role of Financial Regulatory Regime on Thrift Portfolio Decisions Padma Ranjini Sharma*, Federal Reserve Bank of Kansas City, and Angela Vossmeyer, Claremont McKenna College

Discussants: Farindokht Vaghefi, Federal Reserve Bank of Richmond Scott Fulford, Consumer Financial Protection Bureau Padma Ranjini Sharma, Federal Reserve Bank of Kansas City Gordon Y. N. Tang, Hong Kong Baptist University [297] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual TAXATION, HEALTH AND TRANSPORTATION Chair: Nathalie Mathieu-Bolh, University of Vermont


Papers: The Shadow Cost of Parking Minimums: Evidence from Los Angeles County

Sofia Franco (UECE 506235041)*, Nova School of Business and Economics

Walmart and the Earned Income Tax Credit (EITC) Justin Wiltshire*, University of California, Davis

A Second-Best Analysis of Alternative Instruments for the Preservation of Natural Resources

Maria Llop*, Universitat Rovira i Virgili We Are What We Eat: Obesity, Income, and Social Comparisons

Nathalie Mathieu-Bolh*, University of Vermont Discussants: Justin Wiltshire, University of California, Davis Maria Llop, Universitat Rovira i Virgili Nathalie Mathieu-Bolh, University of Vermont Sofia Franco (UECE 506235041), Nova School of Business and Economics [298] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual ECONOMICS OF PUBLIC HEALTH Chair: Colin Cannonier, Belmont University Papers: Public Health and Mosquito Borne Diseases in the US

Tannista Banerjee*, Auburn University, Aditi Sengupta, Auburn University, and Divya Sadana, Auburn University

Analysis and Research on Network Public Opinion for Vaccine Safety Liang Yunling*, China University of Petroleum

Analysis of Network Public Opinion for Take-Away Food Safety: A 2015-2018 Case Study on Weibo Comments

Cen Song*, China University of Petroleum Access to Nutritious Food and the Incidence of Chronic Health Conditions

Colin Cannonier*, Belmont University, and Kara Smith, Belmont University

Discussants: Liang Yunling, China University of Petroleum Cen Song, China University of Petroleum Colin Cannonier, Belmont University Tannista Banerjee, Auburn University [299] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual WELFARE ECONOMICS AND POLICY Chair: Brian E. Glassman, U.S. Census Bureau Papers: Housing Assistance and SSI Participation

Erik Hembre*, University of Illinois at Chicago, and Carly J. Urban, Montana State University Bozeman

Juvenile Delinquency and Prefectural Regulations: Evidence from Japanese Prefectural Panel Data

Keiko Yoshida*, Momoyama Gakuin University The Multidimensional Deprivation Index Using Different Neighborhood Quality Definitions

Brian E. Glassman*, U.S. Census Bureau Discussants: Keiko Yoshida, Momoyama Gakuin University Brian E. Glassman, U.S. Census Bureau Erik Hembre, University of Illinois at Chicago [300] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual LABOR MARKETS AND PRODUCTIVITY Chair: Juan Angel Matamala Gonzalez, UCLA Anderson School of Management Papers: A Study of the Long-run Substitutability Between Men and Women

Pallab Ghosh*, University of Oklahoma Employment Booms and Infant Health: Evidence from the Readymade Garment Sector in Bangladesh

Mahima Vasishth*, University of California, Irvine How Local Are U.S. Labor Markets?: Using an Assignment Model to Forecast the Geographic and Skill Incidence of Local Labor Demand Shocks

Richard K Mansfield*, University of Colorado Boulder On-the-Job Leisure as a Source of Productivity Gains

Juan Angel Matamala Gonzalez*, UCLA Anderson School of Management

Discussants: Mahima Vasishth, University of California, Irvine Richard Mansfield, Cornell University Juan Angel Matamala Gonzalez, UCLA Anderson School of Management Pallab Ghosh, University of Oklahoma [301] Tuesday, June 30 @ 10:15 AM–12:00 PM Volunteer Individual ENERGY AND ENVIRONMENT Chair: Hwayoung Jeon, Colorado State University, Fort Collins Papers: Electricity Bill Savings of Residential Solar Panel Owners in the U.S.

Mahelet G. Fikru*, Missouri University of Science and Technology Regional Labor Market Impacts of Unconventional Oil and Gas Developments: A County-Level Analysis of Migration Inflow and Outflow

Onur Sapci*, University of Toledo Air Pollution Emissions and Improvements from Renewable Electricity Generation in the U.S.

Hwayoung Jeon*, Colorado State University, Fort Collins Discussants: Onur Sapci, University of Toledo Hwayoung Jeon, Colorado State University, Fort Collins Mahelet G. Fikru, Missouri University of Science and Technology

Documents

95th Annual Conference | Denver 2020 - WEAI | Home · Ching-Yang Lin, International University of Japan Sourik Banerjee, University of Nevada - Reno Ronald L. Tracy, Oakland University