Vassar Scholarship

It is commonly believed that firms prefer layoffs to worksharing, in part, because layoffs economize on fringe benefit costs. We find that when labor markets are characterized by optimal implicit contracts, layoffs will never occur in equilibrium, regardless of the...

The traditional classroom presentation of international macroeconomic issues obscures the link between budget deficits, exchange rates, and the trade deficit. The article offers a simple supply and demand framework to clarify the role of budget deficits in creating trade deficits...

In this thesis, I wanted to examine the influence of neoliberal theory in the realms of public education and immigration within the US, and to tease out the implications that have resulted within each. From there, I attempted to understand...

The rise of standardized testing and zero­tolerance discipline measures in the United States over the last decade has resulted in public schools that prioritize order and obedience over deep learning and interpersonal relationships. While detrimental across the board, these austere...

Implicit contract models of labor market equilibrium under work sharing and layoffs are constructed to examine several common explanations for the observed market bias in favor of layoffs. We first establish the optimality of work sharing in the absence of...

Women have made great strides over the past century gaining rights and achieving inclusion throughout much of American society but it is widely accepted that women still experience marginalization in what remains a patriarchal society. Some women feel that high...