Explore the vast range of titles available.

Babson students could babble on and on about business management. With an enrollment of more than 3,000 students, Babson College is lauded as one of the nation's leading business schools. The school's undergraduate programs combine liberal arts with business curriculum; it also grants master's degrees in business administration, entrepreneurship, and other fields. Babson students in their first year receive the practical experience of creating for-profit ventures. Babson's entrepreneurship program has been ranked at the top of such programs in publications including Entrepreneur and U.S. News & World Report.

We utilize human resources data from The Ohio State University to assess the gender wage gap. We find a persistent gap of 11% among regular, tenure-track faculty after accounting for fiscal year, race, clinical appointments, experience, and department. While the presence of a statistically significant gender wage gap is robust, the magnitude of the gap varies substantially depending on how the sample of interest is defined. In assessing gender wage gaps, researchers and universities must be attentive to issues of attrition and classification. Transparency regarding how estimates are affected by sample exclusions and variable definitions will yield insight into possible sources of gender bias.

The decline of European honey bees (Apis mellifera) has been a prominent part of supporting pollinator conservation among the public and conservation efforts, even while honey bees are not native to North America and may compete for resources with native insect pollinators. However, little is known about what distinguishes support for native insect pollinators, including solitary bees, the majority of native bees, which provides use and non-use values distinct from honey bees even though some natives have faced even more precipitous die-offs. Using data collected from the general public and beekeepers in Louisiana, we adopt a contingent valuation method to investigate the value of conserving solitary bees. Results suggest modest to moderate positive willingness to pay for solitary bee conservation, and possibly higher willingness to pay among honey beekeepers versus the general public. Significant heterogeneity exists between the general public and beekeepers in terms of their knowledge and attitudes of honey bees and other pollinators.

The standard New Keynesian model with staggered wage setting is shown to imply a simple dynamic relation between wage inflation and unemployment. Under some assumptions, that relation takes a form similar to that found in empirical wage equations—starting from Phillips' (1958) original work—and may thus be viewed as providing some theoretical foundations to the latter. The structural wage equation derived here is shown to account reasonably well for the comovement of wage inflation and the unemployment rate in the US economy, even under the strong assumption of a constant natural rate of unemployment.

Over the last two decades, the number of honey bee colonies performing pollination services for the California almond industry has grown steadily and now equals a substantial share of all colonies in the United States. Most US beekeeping operations have not expanded their colony numbers at the current levels of almond pollination fees. Thus, as almond acreage has increased, the marginal supplier of colonies has moved further away from California, increasing interstate shipments. We provide a conceptual representation of the supply and demand of U.S. colonies for almond pollination, and utilize the relatively inelastic demand for colonies to explore spatial elasticities of supply. We combine colony shipment data from 2007 to 2018 provided by the California Department of Food and Agriculture with projected prices from the California State Beekeeper’s Association pollination fee survey. We use a geographically weighted regression to estimate supply elasticities for each state, and provide supporting regional estimates. The eastern United States, where beekeepers have hesitated to participate in almond pollination due to relatively high transportation costs and the potential for local honey production at the time of almond bloom, have some of the highest price elasticities of supply. This suggests that beekeepers in areas with low transportation and/or opportunity costs have supplied all available colonies, and increases in almond pollination fees have had little effect. We estimate that Florida, Georgia, and Texas had the largest number of colonies that did not participate in almond pollination in 2017, so further increases in supply are likely to come from those states.

The United States may be losing its leadership role in the world wheat market. Rising trading volume in foreign futures markets and shifting shares of world trade are suggested as evidence of this shift, but neither necessitates that futures markets in the United States are any less important for wheat price discovery. This paper applies high frequency pricing data and market microstructure methods, including the Yan and Zivot (2010) information leadership share, to estimate the proportion of price discovery occurring in wheat futures markets associated with Chicago, Kansas City, Minneapolis, and Paris. We find United States futures markets remain dominant, although the share of price discovery for the Paris market increased noticeably in 2010, coinciding with major supply shocks in Russia and Ukraine. Prior to August 2010, 91% of information about the common fundamental value of wheat was first revealed in United States futures markets in an average month. After August 2010, this share dropped to 75%.

Early evidence from household-level surveys suggests that the one-cent-per-ounce tax on sugar-sweetened beverages that took effect on March 1, 2015, in Berkeley, California, has decreased consumption of sugar-sweetened beverages dramatically. Even if these findings are robust, the public policy implications of expanding the Berkeley soda tax policy to a national level are complicated by selection effects inherent in the populations of both voters and consumers. We find that consumption responses related to the tax interact nontrivially with consumer heterogeneity. Some of these responses directly counter the public policy goals of a soda tax. For example, high-consuming households are less price sensitive and therefore less responsive to price changes following a tax. Further, “reactance” among high-consuming populations led to increases in soda consumption immediately following the passage of the tax, partially mitigating reductions in soda consumption.

The recent appreciation in agricultural land values across the United States has raised a number of important questions for farmers, farmland owners, lenders, and policy makers. While traditional economic theory suggests that farmland values are determined by the discounted stream of expected returns, previous research has shown that agricultural land values are actually driven by a complex set of factors. This study leverages the unique characteristics of a national land-based USDA survey on farmland values and cash rents to estimate broad, national-level determinants of the market value of cropland and pastureland. Our results support past research findings that indicate farmland values are only partially explained by agricultural returns. We find that multiple nonagricultural attributes of farmland also contribute to the market value.

The rise in drug overdose deaths in the United States since the turn of the millennium has been extraordinary. A popular narrative paints a picture whereby opioid overdoses among white, male, less-educated, rural workers have been caused by reduced economic opportunities borne by such people. In this article, we causally test the validity of this theory by using Bartik-type variables to explore the relationship between local economic conditions and county opioid overdose death rates. We add to the literature by exploring how both employment and wage growth in different types of industries are related to opioid overdose deaths for the population as a whole, as well as for rural (vs. urban), male (vs. female) and white (vs. black) populations. We find mixed evidence. Our results confirm that wage and employment growth in industries more likely to employ low-skill workers are important protective factors for rural, white males. However, we also find evidence that economic improvements in low-skill industries are just as important in protecting blacks and women against opioid overdoses, and for workers in metro counties. We also find evidence that employment growth in high-paying industries has led to increases in opioid overdoes rates.

Despite the success of efforts to reduce phosphorus (P) pollution from point sources, P from non-point agricultural sources remains a vexing problem with many U.S. water bodies having impairments. Key to solving the P pollution puzzle is to take stock of progress to date, the puzzle pieces available, and the gaps to be filled. In this paper, we synthesize the state of knowledge on P pollution, discuss the state of existing public programs, and review economists' contributions to informing P pollution policies. We review the water quality valuation literature, identifying limitations in the linkages to policy-relevant environmental quality metrics. We examine how and why P is used agriculturally, along with recent advances in market-based policy design and field testing. We survey new knowledge in biology and engineering, including improved understanding of the fate and transport of P. In light of recent learning and persistent knowledge gaps, we recommend directions for economic research to add needed pieces to the puzzle of how to protect our water bodies. Puzzle gaps meriting attention include mechanisms to target public funds more effectively in voluntary abatement programs, policy design for emerging mitigation technologies, new ways to implement performance-based policies, means to leverage social norms and behavioral cues, changes in the \"pay-the-polluter\" paradigm, and application of state-of-the-art evaluation methods to conservation programs. Beyond the realm of public policy lies that of private supply chains, where establishment of environmental standards holds additional promise. Rich research opportunities exist for economists in tandem with biologists, engineers, and others.