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Essays on Labor Economics and Consumer Behavior.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Essays on Labor Economics and Consumer Behavior./
作者:	Kim, Nayoung.
面頁冊數:	1 online resource (136 pages)
附註:	Source: Dissertations Abstracts International, Volume: 83-10, Section: B.
Contained By:	Dissertations Abstracts International83-10B.
標題:	Behavioral psychology. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29067867click for full text (PQDT)
ISBN:	9798426806610

Essays on Labor Economics and Consumer Behavior.
Kim, Nayoung.

Essays on Labor Economics and Consumer Behavior. - 1 online resource (136 pages)

Source: Dissertations Abstracts International, Volume: 83-10, Section: B.

Thesis (Ph.D.)--State University of New York at Albany, 2022.

Includes bibliographical references

The first two chapters in this dissertation discuss the effect of the minimum wage on the intensive margin. While the effect of the minimum wage on the extensive margin of employment has been long debated, the literature about its effects on the intensive margin remains sparse. Given the fact that more than one-third of minimum wage workers in the U.S. are part-time employees, the studies on the intensive margin of the minimum wage are as important as the one about extensive margin. The first chapter analyzes the effects of the minimum wage on the dispersion of work hours among low-educated workers, whose educational attainment is a high school diploma or less. I obtain a positive correlation between the variance of work hours and federal minimum wages in the Current Population Survey. Using Panel Study of Income Dynamics, I find a positive effect of minimum wages on the dispersion of work hours among less-educated workers. In the second chapter, I present the evidence of a positive effect of minimum wage increases on work hours using the difference-in-difference approach. Then I contextualize this finding by building a directed search model where the wage is fixed, and heterogeneous workers search over a combination of work hours and work environment. Physical work demands and intensity of interpersonal activity characterize the work environment and are drawn from the O*Net data. The model permits exploration of the job search mechanism among minimum wage workers and measurement of the response of work hours to increases in the minimum wage. Simulation exercises with the model calibrated to the recent U.S. data imply a positive work hours elasticity of 1.9. It is of the same sign, though an order of magnitude larger, as the empirical elasticity of 0.24 estimated in the paper. The model also predicts that minimum wage increases will negatively affect the work environment as firms attempt to compensate for the increased cost of labor. The third chapter switches focus from workers to consumers and explores consumer behavior in the context of the adoption and promotion of a mobile payment system. Using a proprietary data set containing more than 10 million transactions over 14 months from hundreds of grocery stores, I (with co-authors) examine consumer payment choices at the point of sale (POS) between cash and mobile where the use of other methods (including cards) is minimal. We find that cash is the dominant method of payment. Nonetheless, the share of mobile payments has increased at the expense of cash payments over time.Importantly, we exploit price incentives for consumers using the mobile payment to examine the price substitution between cash and mobile payments. Our results show that consumers are more likely to use mobile payment when they receive price incentives for doing so, and such an effect persists for a few days, even after the price incentive expires. Nonetheless, the price incentives are unlikely financed by additional transactions paid via mobile but subsidized by mobile payment providers. Interestingly, we find several factors that enhance and supplement the steering effect of price incentives. First, a larger monetary reward seems to induce a stronger impact of price incentive on mobile payment. Second, the steering effectof price incentives is stronger for stores that serve consumers who have frequently been using mobile payment and for price-sensitive consumers. Third, the additional mobile payments come from transactions that would not have occurred with price incentives and those that switch from cash transactions.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798426806610Subjects--Topical Terms:

2122788
Behavioral psychology.
Subjects--Index Terms:

Labor economicsIndex Terms--Genre/Form:

542853
Electronic books.

Essays on Labor Economics and Consumer Behavior.
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500 $a Advisor: Masters, Adrian.
502 $a Thesis (Ph.D.)--State University of New York at Albany, 2022.
504 $a Includes bibliographical references
520 $a The first two chapters in this dissertation discuss the effect of the minimum wage on the intensive margin. While the effect of the minimum wage on the extensive margin of employment has been long debated, the literature about its effects on the intensive margin remains sparse. Given the fact that more than one-third of minimum wage workers in the U.S. are part-time employees, the studies on the intensive margin of the minimum wage are as important as the one about extensive margin. The first chapter analyzes the effects of the minimum wage on the dispersion of work hours among low-educated workers, whose educational attainment is a high school diploma or less. I obtain a positive correlation between the variance of work hours and federal minimum wages in the Current Population Survey. Using Panel Study of Income Dynamics, I find a positive effect of minimum wages on the dispersion of work hours among less-educated workers. In the second chapter, I present the evidence of a positive effect of minimum wage increases on work hours using the difference-in-difference approach. Then I contextualize this finding by building a directed search model where the wage is fixed, and heterogeneous workers search over a combination of work hours and work environment. Physical work demands and intensity of interpersonal activity characterize the work environment and are drawn from the O*Net data. The model permits exploration of the job search mechanism among minimum wage workers and measurement of the response of work hours to increases in the minimum wage. Simulation exercises with the model calibrated to the recent U.S. data imply a positive work hours elasticity of 1.9. It is of the same sign, though an order of magnitude larger, as the empirical elasticity of 0.24 estimated in the paper. The model also predicts that minimum wage increases will negatively affect the work environment as firms attempt to compensate for the increased cost of labor. The third chapter switches focus from workers to consumers and explores consumer behavior in the context of the adoption and promotion of a mobile payment system. Using a proprietary data set containing more than 10 million transactions over 14 months from hundreds of grocery stores, I (with co-authors) examine consumer payment choices at the point of sale (POS) between cash and mobile where the use of other methods (including cards) is minimal. We find that cash is the dominant method of payment. Nonetheless, the share of mobile payments has increased at the expense of cash payments over time.Importantly, we exploit price incentives for consumers using the mobile payment to examine the price substitution between cash and mobile payments. Our results show that consumers are more likely to use mobile payment when they receive price incentives for doing so, and such an effect persists for a few days, even after the price incentive expires. Nonetheless, the price incentives are unlikely financed by additional transactions paid via mobile but subsidized by mobile payment providers. Interestingly, we find several factors that enhance and supplement the steering effect of price incentives. First, a larger monetary reward seems to induce a stronger impact of price incentive on mobile payment. Second, the steering effectof price incentives is stronger for stores that serve consumers who have frequently been using mobile payment and for price-sensitive consumers. Third, the additional mobile payments come from transactions that would not have occurred with price incentives and those that switch from cash transactions.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2023
538 $a Mode of access: World Wide Web
650 4 $a Behavioral psychology. $3 2122788
653 $a Labor economics
653 $a Consumer behavior
655 7 $a Electronic books. $2 lcsh $3 542853
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690 $a 0384
710 2 $a ProQuest Information and Learning Co. $3 783688
710 2 $a State University of New York at Albany. $b Economics. $3 1024072
773 0 $t Dissertations Abstracts International $g 83-10B.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29067867 $z click for full text (PQDT)