Economics
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Item An examination of the global savings glut hypothesis and secular stagnation hypothesis.(Wheaton College (Norton, Mass.), 2016) Zhang, Teng.Item The value of the Canadian index of wellbeing.(Wheaton College (Norton, Mass.), 2016) Towle, Jackson B.This thesis examines the Canadian Index of Wellbeing and its potential uses alongside existing measurements of wellbeing. It examines the creation of the Canadian Index of Wellbeing and how it might inform policy decisions compared to the Human Development Index. It concludes that the Canadian Index of Wellbeing based on its creation process, specificity, structure, and inclusion of subjective indicators is a superior indicator for Canadian use than the current standard, the Human Development Index.Item Global current account imbalances : a panel data analysis using pooled OLS, random effects and fixed effects models.(Wheaton College (Norton, Mass.), 2014) Zheng, Shiqi.This Honors Thesis paper presents an empirical analysis of current account balances using an unbalanced cross-country panel data from 2005-2012. The paper extends Cheung, Furceri and Rusticelli (2013), which analyzes the macroeconomic, structural and cyclical factors behind current account balances, by (1) using more recent data for a larger sample of countries, (2) employing fixed effects and random effects panel data estimation techniques to control for country specific heterogeneity which may be correlated with macroeconomic, structural and cyclical factors, and (3) investigating whether the effects of macroeconomic, structural and cyclical factors on current account balances differ between developed (OECD) countries and developing (non-OECD) countries.Item Travelling to the urban promise : theorizing the relation between labor migration and gender division of labor in Chinese households.(Wheaton College (Norton, Mass.), 2014) Wei, Xiaorui.This thesis examines the rural-urban labor migration patterns in China in relation to the different approaches to migration theories developed from non-Chinese sources. It concludes that the migration patterns and behaviors in China conform to some but not all of the theoretical frameworks. It indicates that economic factors alone don’t provide a complete explanation for the gendered difference in migration behaviors. The influence of the ideological system, social norms, and institutional policies must be taken into consideration in the examination of migration patterns and behaviors in the context of China.Item Too few women at the top : the causations and potential solutions for gender inequality in upper management.(Wheaton College (Norton, Mass.), 2013-09-16) Crom, Anne Maraike.The first part of the thesis identifies and closely investigates the persisting challenges to women’s professional advancement. Stubborn social traditions and the rigidity of the current business structure, which favors linear-careers, help to explain why few women reach the upper echelons of business. The business case for women in management is presented and a number of ways in which female contribution in upper management benefits the firm are outlined, including: increased innovation, better decision-making, a greater understanding of consumer preferences and higher profitability. A strong management team can be created if the company embraces the differences in leadership style between the genders. The classical model of economic theory, as well as discrimination theories are presented and their limitations observed. This examination shows that existing theories help explain much of the basic human market behavior; however, do not fully explain or address why women are under-represented in the upper echelons of businesses. The second part of the thesis provides potential solutions to the issue of continued female underrepresentation at the top. It observes measures that have been taken and suggests steps that can be taken by the public sector, the private sector and individuals in order to remedy some of the persisting barriers to women.
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