Remaining Challenge: Coverage Evaluation and Literature Evaluation
As a remaining examination, you’ll submit a coverage evaluation and literature evaluation.
Particularly, your job is to decide on a coverage that’s of curiosity to you that’s associated to a labor
matter we’ve lined in school. For instance, this might be an education-related coverage, a coverage
associated to immigration, labor earnings taxation, labor provide, and many others. Nonetheless, one thing extra
tangential is ok as properly, assuming you’ll be able to apply the ideas we lined in school. [Example: we
covered human capital investment, but did not cover health, which is one form of human capital. If you wanted to a cover a policy
that affects individuals’ health, e.g., the ACA subsidy or a cigarette tax, I would have no objections.]
The coverage you select might be an present coverage or one that you simply assume might be
carried out (equivalent to paid parental depart within the U.S., like in Homework three). You MUST
talk about the coverage you bear in mind with me and obtain my express approval to deal with it
for this remaining venture. You are able to do this throughout my workplace hours, throughout a scheduled
appointment, throughout a category break, or instantly after class.
When you select your coverage, you must proceed as follows.
1. Focus on briefly why such a coverage needs to be into consideration and, if relevant, what
sort of market failures necessitate it.
2. Write a short literature evaluate about what has been written by tutorial economists on the
coverage or the problems addressed by the coverage, referencing 4 or 5 of the important thing research on the
matter. You might be welcome (and inspired) to do that by drawing on present literature
critiques, if out there, equivalent to these revealed within the Journal of Financial Views or the Journal
of Financial Literature.
three. Choose one research (or two, most) that you simply discover probably the most credible, and talk about intimately
why you imagine it’s credible, and what the restrictions are. If attainable, you must make a
suggestion about what the optimum solution to design the coverage can be, given what we
know from present research.
Please write up your evaluation in not more than three pages. It will require you to be
concise. Additionally, you will give a 15 minute presentation to the category. We’ll then collectively analyze
the difficulty for about 5 minutes in what is going to hopefully be an attractive dialogue!
[Hints: You may find that your topic has been extensively covered and that you have many studies to choose
from. In that case, it may help to focus mostly on studies that are published in the most prestigious journals.
Top journals in the profession are considered to be the following: American Economic Review, Journal of Political
Economy, Quarterly Journal of Economics, Review of Economic Studies, and Econometrica. Top field journals that cover
labor topics include Journal of Labor Economics, Journal of Public Policy, and American Economic Journal: Applied
Economics. Of course, there are many other excellent journals as well.
Alternatively, it may be the case that little research is available on your policy of interest. If the policy has never
been analyzed directly, you will have to conduct your analysis based either on studies of related policies or on
studies of behaviors/outcomes that would be affected by your policy.]