Barrett, The Honors College Thesis/Creative Project Collection
Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.
Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.
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This paper entitled "An Analysis of Wage Stagnation and Inequality over the Past Half Century" is a literature review that examines and analyzes three main studies by Robert Lawrence, David Card and John DiNardo, and the Economic Policy Institute, and uses other works by a variety of economists to supplement that analysis. The paper aims to understand and precisely define the issue of wage stagnation and inequality and distinguish between the two. To do this, the paper looks at which groups are primarily affected, the different types of inequality that exist, in which time periods those types of inequality operate, any potential causes of the issue, and any potential solutions. The studies all agree that wage stagnation and inequality exist and each looks at middle earners \u2014 one looks at blue-collar workers and the other two choose the median earner \u2014 either way, the focus of the studies are those earners in the middle of the earnings distribution. Each study varies in its focus of the potential causes and solutions to the issue. Robert Lawrence, an international trade theorist, looks at the problem of wage stagnation and inequality through the lens of globalization and specifically if free trade is a key contributor. David Card, a labor economist, and John DiNardo look at the issue through the lens of technology change, specifically the Skills-Biased-Technological Change (SBTC) Hypothesis and question if technological advances are what caused this stagnation and inequality. The Economic Policy Institute, a left-leaning think tank, look at this issue through the lens of policy and question if poor policy regimes over the past half century have allowed wage stagnation and inequality to thrive. Overall, the three studies examined are similar enough in time period and subject studied, yet different enough in the lens through which the issue is viewed to provide a well-rounded summary and analysis of current literature by prominent economists on wage stagnation and inequality.
ContributorsFeldman, Rachel Erin (Author) / Mendez, Jose (Thesis director) / Hill, John (Committee member) / School of International Letters and Cultures (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2016-12
Description
The situation in the Euro-Zone is fluctuating daily with various efforts to curb the contagion of certain Euro-Zone member states. In the effort to focus on the greater macroeconomic and social impact of the Euro-Zone, this paper concentrates on the history of the Euro-Zone, the causes of the crisis, outlines potential solutions, discusses individual perspectives on the issue, and describes a prediction for the future of the Euro-Zone.
ContributorsTom, Bryan (Co-author) / Smith, Kelley (Co-author) / Mendez, Jose (Thesis director) / Datta, Manjira (Committee member) / Roberts, Nancy (Committee member) / Barrett, The Honors College (Contributor) / School of International Letters and Cultures (Contributor) / Department of Finance (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / Economics Program in CLAS (Contributor) / W. P. Carey School of Business (Contributor)
Created2013-05
Description
This paper explores policies for the management of oil wealth in Norway, Mexico, and Russia, and applies them to the situation in Kazakhstan to create policy guidelines to improve the management of oil wealth in Kazakhstan. Ultimately the paper recommends that Kazakhstan transfer oil wealth to the oil stabilization fund directly, that it increase the cap on annual transfers from the fund to the budget to 11 billion dollars, and that it create strict policies for the promotion of growth.
ContributorsHoyt, Christian Thomas (Co-author) / McCarty, Mark (Co-author) / Mendez, Jose (Thesis director) / Schoellman, Todd (Committee member) / Moldabekova, Saule (Committee member) / Barrett, The Honors College (Contributor) / School of International Letters and Cultures (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / Economics Program in CLAS (Contributor)
Created2013-05