New Research from Center for Economic Education Investigates Whether Cities' Entertainment Offerings are Amenities or Disamenities

New research out of the Turner College's Center for Economic Education examines whether compensating wages and price differentials exist across cities in the U.S. The study, authored by Bishwa Koirala of the University of North Carolina at Pembroke, Hem Basnet of Methodist University, Kamal Upadhyaya of the University of New Haven, and Frank Mixon, Director of the Center for Economic Education at CSU, calculates the net implicit monetary values of the cost of living in cities with a higher cost of entertainment offerings. These net implicit monetary values reflect an individual’s willingness to pay for, or willingness to accept, life in cities with a higher cost of entertainment offerings. Viewed in this way, a city’s entertainment offerings are not clearly an amenity or disamenity. On the one hand, the higher costs of entertainment offerings might reflect higher quality offerings. On the other hand, higher costs of entertainment offerings may be a disamenity perhaps because there are utility costs through their inaccessibility. Given these considerations, Mixon et al. explore a unique and novel idea – mainly the implicit monetary value of households’ preferences with regard to employment when wages do not fully reflect the cost entertainment offerings – that has been heretofore ignored by the academic literature. Using data from the 2018 American Community Survey for cities in North Carolina, results from a seemingly unrelated regression approach suggest that although the cost of entertainment offerings is capitalized into both wages and rents, individuals receive compensating differentials (i.e., larger increases in wages than in rents) for living in cities with high costs associated with entertainment offerings. The study is scheduled to appear in a future issue of the Journal of Regional Analysis & Policy, founded in 1970 as the official publication of the Mid-Continent Regional Science Association.

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