The Long-Term Economic Impact of Juvenile Criminal Activity

When the juvenile penal system is supposed to be focused on rehabilitation, how does committing crimes and being caught as juveniles affect their future economic success? In 2012, the FBI Arrest Statistics reports an estimated 1,319,700 minors were arrested. Since so many youths interact with the criminal system, it is vital for the strength of the workforce and for the quality of life of the minors to ensure that the system is rehabilitative. Using ordinary least squares regressions, I examine data collected from the National Longitudinal Survey of Youth\u27s 1997 cohort, and examine how interactions with the formal juvenile correctional system impacts a youth\u27s future income, taken in 2013. I find being caught for delinquent behavior, and subsequently being arrested, does significantly impact future income but only when education is not controlled for. Finally, I discuss the results and what they say about the juvenile criminal system, and suggest future policy

A Brief Study on the Economic Impact of the US Cellular Coliseum in Bloomington-Normal

This research can be used to identify which events generate the most attendance for The US Cellular Coliseum, which can ultimately lead to more profits for the Coliseum and in the neighboring community

Income Mobility in the United States

This study makes use of the National Longitudinal Survey of Youth (NLSY) in order to examine the relationship between the standard of living one experiences as a youth and their income as an adult. Human capital theory, as well as previous empirical research in economics suggests that as standard of living as a youth increases, future income as an adult should increase as well. The 1979 cohort as well as the 1997 cohort of the NLSY were studied in order to provide insight into how the relationship in question has changed over time. I hypothesize that as standard of living as a youth increases, so too will income as an adult. Furthermore I hypothesize that the level of income mobility will be greater for the 1979 cohort than the 1997 cohort. An extended treatment of this topic was awarded University Honors and may be found in the Department of Economics Honors Projects collection

An Economic Impact Study of the Illinois Shakespeare Festival

This study will be focused specifically on creating an economic impact study and identifying an economic multiplier for the ISF that has the potential to be used by its marketing or grant writing team as evidence of the festival\u27s economic value to the community

The Impact of the Constitution Trail on Adjacent Residential Property Values

What this research intends to find will be beneficial for various groups. Knowing how the Constitution Trail is impacting the adjacent property values is important for the city-planning department, because for future expansions and potential new trail projects, they will be able to make better use of land spaces to work with property owners as well as gaining necessary supports from the public. For property owners and renters, they will have a more clear understanding of how their properties are affected by the trails

The Effect of China’s One-Child Policy on Male and Female Immigrant Earnings:Does it Pay to be an Only Child?

China\u27s one-child policy is one of the most controversial population control measures implemented in modern society. While most research focuses on the effects this policy has had on China\u27s population size and economic growth, very little research has been dedicated to analyzing how this policy has affected wage differentials between men and women. The purpose of this paper is to use a unique sample of male and female Chinese immigrants to determine whether the one-child policy has advanced the relative earnings of Chinese immigrant women in the United States. Research suggests that the one-child policy redirected more educational resources towards Chinese daughters than in the past. Human capital theory hypothesizes that equalization in educational attainment will correspond to an equalizing in relative earnings. To test this hypothesis, this paper uses the American Community Survey and a difference-in-differences methodology to compare the relative earnings of female Chinese immigrants in the U.S. to their male counterparts. This paper finds that, relative to Chinese male immigrants, Chinese female immigrants born under the one-child policy perform better in the labor market than their older, non-single child family female counterparts. An extended treatment of this topic was awarded University Honors and may be found in the Department of Economics Honors Projects collection