New Research by Mixon Relates Property Confiscation Experiences to Happiness

The confiscation of private property by the state that has been prevalent throughout world history continues to the present day. For example, the government of India recently confiscated the property of Indians who have emigrated to and established citizenship in China and Pakistan. In another example, a 2018 law that has been promoted as an urban planning measure allows the Syrian government to confiscate and redevelop residents’ property without due process or compensation continues to create a major obstacle to returning home for displaced residents. These and other examples like them form the backdrop of new research by Turner College economist Frank Mixon and his colleagues Steven Caudill and João Faria of Florida Atlantic University, and Elliott Young of Smith & Nephew. Their study, which was recently accepted for publication by Empirical Economics, addresses the undertheorized nature of the academic literature by developing a formal model of expropriation, wherein individual happiness is a function of property and individuals may benefit from redistribution of confiscated property. The historically high prevalence of prior property confiscation in transition nations, such as those in eastern Europe, provides a unique opportunity for Mixon and his colleagues to examine aspects of their formal model and, thus, extend prior research on the economics of happiness. More specifically, the study empirically examines how instances of prior property extraction affect the self-reported quality of life following political-economic transition in Russia during the early 1990s. Using data from the Social Stratification in Eastern Europe after 1989 project, econometric estimates presented in the study indicate that property confiscation experiences lead to a gap between the probabilities of realizing the most extreme values of life satisfaction of more than 20 percentage points, with these experiences decreasing (increasing) the probability of the highest (lowest) level of life satisfaction.

Comments

Four Turner College Faculty Recognized for Outstanding Teaching

CSU Head Women's Soccer Coach Jay Entlich recently released a list of CSU faculty who have been chosen by a player as a member of the CSU faculty who has impacted the player in a positive way along their journey at CSU. Four Turner College faculty were included on the list, along with the player who nominated each. Management professor Phil Bryant was named by Sophia Leal , a freshman midfielder from Oxford, Georgia. Sophia attended Eastside High School and was a two-time all-region selection during her high school career. Through the first 10 games of 2024, she has scored one goal and recorded three assists. Next, management professor John Finley was named by Lizz Forshaw , a graduate student forward from Stockton, England. Lizz, who attended IMG Academy in south Florida, has scored four goals and recorded four assists this season. During her senior year in 2023, she scored three goals and recorded two assists. As a junior in 2022, Lizz scored three goals ...

Turner College Grad Publishes Academic Study on Corporate Culture and Strategy

Former Turner College student Tamara Todorova , now an associate professor of economics at American University in Bulgaria (AUB), recently published a study on corporate culture and strategy. Todorova earned an MBA from the Turner College in 1996 and then went on to earn a doctorate in international economics from the University of Economics - Varna in 2001. She has been on the faculty at AUB since August of 2000. Todorova's study, which appears in the current issue of the International Journal of Business Performance Management , investigates how corporate culture helps to economize on the transaction costs of internal organization. As she explains, the dimensions of corporate culture that assist in this task include increasing trust and reducing intrafirm opportunism. Todorova's study demonstrates that setting common goals and a common direction reduces the sizeable costs of internal organization. Tamara's prior research appears in Economics of Transition , International ...

Hammer joins Turner College Finance Faculty

The Turner College's Department of Accounting and Finance welcomes Melissa Ingle Hammer , who joins the group as an adjunct faculty in finance. Hammer graduated from the Turner College in 2005, after earning a BBA in finance. She later went on to earn an MBA from Auburn University, a Specialist Certificate in Conduct Risk from the University of Manchester, a Certificate in Team Culture from the University of Pennsylvania, and a Certificate in Executive Presence from Cornell University. Hammer is the SVP of Fair Lending Product Management with RiskExec at Asurity. She previously worked as Compliance Manager of Fair Lending at Synovus, a senior regulatory consultant with Wolters Kluwer, and as VP of Compliance at TD. This semester Hammer will be teaching FINC 3135, Financial Institutions and Technologies. Turner Business welcomes Melissa and wishes her a great first semester in the Turner College.

Turner Business

Search This Blog