Thread by @teach_econ

All three had their papers accepted. @DakotaLanghals @EveryFreyday and @tykent44 will be in Cleveland for the poster session. As their advisor I get to travel with them. Any other faculty advisors attending as well? Let’s connect. #EconTwitter

https://twitter.com/teach_econ/status/1113079174711906306

Paper 1- @DakotaLanghals “The Effect of Predatory Lending Laws on Mortgage Pricing and Market Activity” uses a broker-provided data set to estimate the effects of state-level regulations in the mortgage market that targeted predatory lending.

He estimate the laws’ impacts on both APR and closing probability for a cross section of actual loans made in 2004 and 2005. Indices quantify the strength of each state’s legislation along two or three dimensions, depending on the index.

Paper 2 @EveryFreyday “Measuring Efficacy of State Mandated Financial Literacy Programs” his abstract reads There are currently 17 states that mandate a financial literacy course. The emphasis by policymakers on financial literacy continues to grow.

However, the evidence of the returns on financial literacy are mixed. In this paper, I examine the impact of financial literacy education mandates on financial literacy. I use the Survey of Household Economics and Decisionmaking dataset which provides a continuous age measure

allowing me to identify states that mandate financial literacy education and individuals that were impacted by the mandate. Using the SHED dataset, I employ a difference-in-difference methodology.

Paper 3- @tykent44, Ty’s paper has gone through a major overhaul since he submitted his abstract so I will try to summarize what he’s updated paper looks at. He measures the impact of high school financial literacy education on future income. The idea behind #finlit is that

It will allow you to make better financial decisions and Ty wonders if this impacts career choice and consequently income. He initially used and OLS estimation to estimate the returns to HS finlit education on future wages. He quickly noticed that his results didn’t make sense

He identified a possible selection problem, with people that believe that they have low fin lit ability self selecting into fin ed. So he used a heckman selection model and finds that 1- selection does exist. 2- once controlling for it, financial literacy education

At the high school level does not impact future earnings.

I am excited to see these students work so hard on research. Next up is @joxschu who will start working with me directly this summer. Maybe @adjafndoye, @DuruSochi ?

When I come to @nkuedu I was told that econ students just go to class and leave. They aren’t committed or interested in more. I found that by telling students that they are capable of more and investing in them, they have done more than anyone could have imagined

I am grateful for support from @NKUISRCA in helping build the undergraduate research culture.

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