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Using CPS data for 1976 to 2022 we explore how wage inequality has evolved for married couples with both spouses working full time full year, and its impact on household income inequality. We also investigate how marriage sorting patterns…
I model the belief formation and decision making processes of economic agents during a monetary policy regime change (an acceleration in the money supply) with a deep reinforcement learning algorithm in the AI literature. I show that when…
Political polarization has been a subject that has attracted many studies in recent years. We have developed an opinion dynamics model with affective homophily effect and national social norm effect to describe this phenomenon. The time…
It is important to study how strategic agents can affect the outcome of an election. There has been a long line of research in the computational study of elections on the complexity of manipulative actions such as manipulation and bribery.…
I show that house prices can be modeled using machine learning (kNN and tree-bagging) and a small dataset composed of macro-economic factors (MEF), including an inflation metric (CPI), US treasury rates (10-yr), Gross Domestic Product…
This paper develops a microsimulation model to simulate the distributional impact of price changes using Household Budget Survey data, income survey data and an Input Output Model. The primary purpose is to describe the model components.…
This paper studies whether and how differently projected information about the impact of the Covid-19 pandemic affects individuals' prosocial behavior and expectations on future outcomes. We conducted an online experiment with British…
Bayesian clinical trials can benefit of available historical information through the elicitation of informative prior distributions. Concerns are however often raised about the potential for prior-data conflict and the impact of Bayes test…
This study explores the relationship between voter trust and their experiences during elections by applying a rule-based data mining technique to the 2022 Survey of the Performance of American Elections (SPAE). Using the Apriori algorithm…
Which level of voting costs is optimal in a democracy? This paper argues that intermediate voting costs - what we term a "Midcost democracy" - should be avoided, as they fail to ensure that electoral outcomes reflect the preferences of the…
This paper proposes a method for estimating consumer preferences among discrete choices, where the consumer chooses at most one product in a category, but selects from multiple categories in parallel. The consumer's utility is additive in…
This paper examines voters' responses to the disclosure of electoral crime information in large democracies. I focus on Brazil, where the electoral court makes candidates' criminal records public before every election. Using a sample of…
We examine the effects of introducing a political outsider to the nomination process leading to an election. To this end, we develop a sequential game where politicians -- insiders and outsiders -- make a platform offer to a party, and…
We introduce a socially motivated extension of the voter model in which individual voters are also influenced by two opposing, fixed-opinion news sources. These sources forestall consensus and instead drive the population to a politically…
In economic studies and popular media, interest rates are routinely cited as a major factor behind commodity price fluctuations. At the same time, the transmission channels are far from transparent, leading to long-running debates on the…
We review economic research regarding the decision making processes of individuals in economics, with a particular focus on papers which tried analyzing factors that affect decision making with the evolution of the history of economic…
We introduce a multi-population mean field game framework to examine how economic status and authority perception shape vaccination and social distancing decisions under different epidemic control policies. We carried out a survey to inform…
When can an interest group exploit polarization between political parties to its advantage? Building upon Battaglini and Patacchini (2018), we study a model where an interest group credibly promises payments to legislators conditional on…
I devise a novel approach to evaluate the effectiveness of fiscal policy in the short run with multi-category treatment effects and inverse probability weighting based on the potential outcome framework. This study's main contribution to…
In approval-based multiwinner voting, voters express approval preferences over a set of candidates, and the goal is to return a winning committee. This model captures a broad range of subset selection problems under preferences. Prior work…