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Source: The Park Place Economist
Resulting in 4 citations.
1. Como, Michael
Do Happier People Make More Money? An Empirical Study of the Effect of a Person's Happiness on Their Income
The Park Place Economist 19,1 (2011): 8.
Also: http://digitalcommons.iwu.edu/parkplace/vol19/iss1/8/
Cohort(s): NLSY79
Publisher: Digital Commons@ Illinois Wesleyan University (DC@IWU)
Keyword(s): Happiness (see Positive Affect/Optimism); Income; Income Dynamics/Shocks; Income Level; Rotter Scale (see Locus of Control); Undergraduate Research

Permission to reprint the abstract has not been received from the publisher.

Does happiness affect workers’ incomes? More specifically, do workers who are happier make more money because their happiness levels are higher? Employees who are happy are an asset to their company. Happy employees who become ill recover faster and stay home from work an average of 15 fewer days a year than unhappy employees (Achor, 2010). Happier employees can live up to 10 years longer than their unhappy counterparts. However, statistics indicate that there are a lot of unhappy employees in the work force today (The Economist, 2009). America’s Bureau of Labor Statistics reported that work-related suicides increased by 28% between 2007 and 2008. Between June 2007 and December 2008, the proportion of employees who professed loyalty to their employers slumped from 95% to 39%; the number voicing trust in them fell from 79% to 22%.
Bibliography Citation
Como, Michael. "Do Happier People Make More Money? An Empirical Study of the Effect of a Person's Happiness on Their Income." The Park Place Economist 19,1 (2011): 8.
2. De Serf, Megan
The Effects of Familial, Economic, and Social Variables on Children's Educational Attainment
The Park Place Economist 10,1 (2002): 14-20
Cohort(s): Children of the NLSY79, NLSY79
Publisher: Department of Economics, Illinois Wesleyan University
Keyword(s): Children, Academic Development; Educational Attainment; Family Influences; Family Resources; Human Capital; Religious Influences; Undergraduate Research

Permission to reprint the abstract has not been received from the publisher.

Throughout this project, the impact of variables such as income, family size, single vs. dual headed households, parents' educational attainments and other background factors affecting the educational attainments of children in these families are examined. Additionally, the effect of children's drug and alcohol use/abuse on their education is examined. In doing this project, I prove that key background factors give some children an educational advantage over other children. Section II presents the human capital theory and explains the household production unit. It also evaluates the existing literature on socioeconomic factors relating to educational attainment. Section III explains the empirical model and data extracted from the National Longitudinal Survey of Youth (NLSY). Section IV discusses the results of the model, and Section V draws conclusions from the results and suggests policy implications.
Bibliography Citation
De Serf, Megan. "The Effects of Familial, Economic, and Social Variables on Children's Educational Attainment." The Park Place Economist 10,1 (2002): 14-20.
3. Hample, Kelsey
Intergenerational Transfer of Human Capital among Immigrant Families
The Park Place Economist 18,1 (2010): 10.
Also: http://digitalcommons.iwu.edu/parkplace/vol18/iss1/10/
Cohort(s): NLSY79
Publisher: Digital Commons@ Illinois Wesleyan University (DC@IWU)
Keyword(s): Earnings; Educational Attainment; Human Capital; Immigrants; Intergenerational Patterns/Transmission; Undergraduate Research

Permission to reprint the abstract has not been received from the publisher.

An important implication of the increasing number and diversity of immigrants is the exponentially increasing number of immigrant descendants, especially those who have not fully assimilated to American culture. As this number grows, it becomes increasingly important to study the differences in human capital that immigrants offer compared to natives, and how that human capital benefits their children. Once this is understood, policy can be enacted both to increase the efficiency of these benefits and to try to translate these benefits to native children. For instance, if being bilingual greatly increases the earnings of second-generation immigrants, scholarships could be given to bilingual individuals and policy could be enacted to increase secondary language acquisition in schools. This study will analyze the effect of having immigrant parents on the next generation‘s earnings.
Bibliography Citation
Hample, Kelsey. "Intergenerational Transfer of Human Capital among Immigrant Families." The Park Place Economist 18,1 (2010): 10.
4. Oehrlein, Paul
Determining Future Success of College Students
The Park Place Economist 17,1 (2009): 15.
Also: http://digitalcommons.iwu.edu/parkplace/vol17/iss1/15/
Cohort(s): NLSY97
Publisher: Digital Commons@ Illinois Wesleyan University (DC@IWU)
Keyword(s): College Education; Educational Attainment; Income; Undergraduate Research

Permission to reprint the abstract has not been received from the publisher.

This paper studies the effect of a student’s college GPA, major, and standardized test scores in order to see what is most influential on future income. The answer will help students make crucial decisions so that they have the best opportunity to succeed.
Bibliography Citation
Oehrlein, Paul. "Determining Future Success of College Students." The Park Place Economist 17,1 (2009): 15.