Mini-Summaries from MIEDC 2018

A couple weekends ago, my department (Applied Economics at the University of Minnesota) hosted the Midwest International Economic Development Conference (MIEDC). It is a smaller conference with tremendous quality of presentations. Despite this, many are not able to attend the conference or even all of the sessions. As a service to those interested, a few…

The Impact of Christian Theology on Economic Outcomes

Religion, spiritual practices, and faith are easily observable factors in the daily lives of people almost anywhere in the world. This leads many to speculate and theorize about the role of religion in driving economic and social outcomes. Positive correlations abound between religiosity and a host of factors that may influence economic success. Correlation, however,…

How Much Does the Cardinal Treatment of Ordinal Variables Matter? – New Working Paper

Concepts such as subjective well-being, satisfaction, happiness, trust, measures of quality, and even standardized test scores are all measured using an ordinal variable. This means that we know the rank of the response categories (e.g. a respondent reporting being “very satisfied” indicates they are more satisfied than if they had reported being “satisfied”), but we…

DACA and Human Capital Investment Decisions

Economists love to repeat (over and over) that incentives matter. This leads to one way of examining differences in educational achievement by investigating differences in the return to education among different people. The logic goes as follows: If people like me don’t tend to land high-paying or satisfying jobs after completing some level of education,…