Economics is generally described as the study of resource allocation; or of production, distribution, and consumption of wealth; or of decision making—descriptions that sacrifice much for the sake of brevity. Finally, in specification 3 I include the logarithm of payroll instead of payroll. Standard errors are in parentheses. Pay inequality is probably associated with skill inequality, and it may be the skill inequality that drives down performance. It can also be used to capture the reader's attention. S economy has grown by one hundred percent between 1970 and 2012, however; the cost of this profit has been the server pollution of the natural environment.
One is that pay inequality leads to tensions within the team and impairs performance. Microeconomics classifies pollution as an externality. Encompassing the traditional economics as well as those that economists have only more recently addressed, this list will meet the needs of several types of readers. Table 1 shows the descriptive statistics of each variable. Authors submitting their research article to this journal are encouraged to deposit research data in a relevant data repository and cite and link to this dataset in their article. Is there any data-based relationship you can draw between this decrease and the increase in Indian gaming casinos on the Eastern Seaboard? While 2003 dollars are not exactly comparable to 2004 dollars, 2003 inflation was low enough not to influence the results significantly. For example, if a team wins a lot of games one year given its payroll and pay inequality, that team is likely to win a lot of games the next year as well.
It is worth emphasizing that you should use this paper only as a guide. Still, a lot of work must be done before handing it in. What does your research show? Therefore, including payroll may increase the precision of the estimated coefficient on pay inequality. A one percent increase in payroll is associated with about 0. However, performance can also be affected by pay inequality among players within a team. Look at how other students title their health economics studies.
Some of these topics have a broad scope, whereas other topics are narrow and focused. First, team managers can use this information to make decisions about which players to hire. Other studies summarized in this issue of the free monthly Digest measure the impacts on India of , and compare the of public and private firms, examine the results of an early in France, explore the of unemployed people, and report on the efficacy of efforts to reduce and promote. Therefore, the estimation procedure may need to correct for this autocorrelation. Click on the concept to see its description.
Because electric vehicle sales have been increasing, the correlation will need to be dynamic -- electric vehicle sales could continue to increase at the same time that lower gasoline costs may negatively affect sales. What should remain the same, though, is that each section, paragraph, table and graph has a purpose, and that they are organized in a logical manner. Introduction The business of sports draws considerable attention from the media and the general public. Using statistics on individual player skill level, one could construct a measure of skill inequality for a team and include it as an additional control. Such sections would normally come after the introduction.
The theory and methodology are folded into the Introduction, Data and Empirical Results sections. In the rare case of a revision we allow four months and in the case of conditional acceptance we allow two months to submit the final version. I chose the share earned by the top 20% players for two reasons: it is somewhat easier to calculate, and its magnitude is easier to interpret. You can also use the search form above, or go to the page. First, it is unclear to what extent the results can be generalized to other sports.
The collected data are then used in various services that serve the collected metadata to users or enhance it. For example, an economist researching the decisions of owners of professional baseball teams may find that traditional models of profit maximization provide a good base but that they have to be modified to take into account motives that include status or pleasure in addition to profit. We believe that long lags in publication and multiple demands for revision simply slow scientific progress. One of the hardest things about writing a paper is finding a great topic to write about. The heart of the project is a decentralized bibliographic database of working papers, journal articles, books, books chapters and software components, all maintained by volunteers.
To start with we tried to do face to face survey, observation, documentation and research with the best of our skills. I measure payroll in current dollars and do not adjust for inflation. That is poverty, bottom line we choose this status quo to begin with our research because it is significant in relation to current issues in society. Economics Theory and Theorists - Adam Smith research papers discuss his work The Wealth of Nations and other economic and capitalism issues. More importantly, it is possible that pay inequality is correlated with total payroll. You can order any kind of work at reasonable prices, no matter whether it is research paper, thesis, essay or term paper on Economics.
The range of payroll is quite striking. They will also receive a monthly mailing about the popularity of their works, their ranking and newly found citations. The value of economic analysis in development of policies to address social issues is also much broader than generally perceived. For example, if pay inequality has a negative effect on performance, an argument for a higher minimum salary could be made. I want to verify that the result in specification 2 is robust to different functional forms. They are designed to help you bridge the gap between reading and understanding on one hand, and writing and creating knowledge on the other.
It is only through such actions that the economic needs will shift to protect the environment from harm. A college research paper is where you have to express your own views, and your teacher will be able to recognize whether you have written the work yourself or not. W e based our research more on the second and third concept. The estimated coefficients and their associated standard errors in parentheses appear inside the table. If low payroll teams tend to have more pay inequality, then the coefficient on pay inequality in specification 1 is biased.