About the UCL Journal of Economics
The UCL Journal of Economics is the official peer-reviewed, student-run journal of the UCL Department of Economics. In line with UCL’s philosophy of a research focused approach to education, it aims to provide a platform for undergraduate economists at UCL and worldwide to showcase their rigorous economic research, regardless of background or previous experience. The journal adds value to students at UCL by offering a chance to extend the research they undertake within and outside university modules. It will always be free to read and submit papers to us and we aim to maintain high standards of content, editing, and peer-review to uphold the reputation of our authors. We believe this makes the journal an important institution for undergraduate students across the world. We publish one issue a year, to which any undergraduate student can submit a paper for consideration.
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Volume 1 • Issue 1 • August 2022
The first issue of the UCL Journal of Economics has no set theme, something that speaks for the versatility of the field of economics and of the journal itself. Our inaugural issue includes fourteen thought provoking papers written by authors from across the world. These papers have been written for university courses, for research conferences or simply to satisfy individual curiosity. Readers can look forward to sifting through very current topics such as optimal vaccine allocation, the relationship between Covid-19 and racial hate crime or the link between climate change and income inequality. Full length research papers have been interspersed with policy briefs, historical studies, and an unexpected (though thoroughly interesting) entry on the edible insect market. We sincerely hope you enjoy reading it and celebrate the great work done by the authors as well as our team.
TEAM
Advisory Board
Professor Parama Chaudhury
Founding Director, Centre for Teaching and Learning Economics (CTaLE)
Co-Lead (Analysis and Evaluation) and SHS Faculty Lead, BAME Awarding Gap Project
Department of Economics
University College London, UK
Dr. Ramin Nassehi
Lecturer & Public Engagement Lead
Centre for Teaching and Learning Economics
Department of Economics
University College London, UK
Dr. Silvia Dal Bianco
Lecturer and Connected Learning Lead
SFHEA and WP Summer School Lead
Department of Economics
University College London, UK
Peer Review Board
Damian Phelan
UCL MPhil/PhD
Teaching Assistant
Department of Economics, UCL, UK
Sam Asher
PhD student in Political Economy at Stanford Graduate School of BusinessUCL Alumnus
Chief of Research Economic Tribune 2019-20
Daniel Tseng
UCL Alumnus
Chief of Research Economic Tribune 2020-21
James Kinder
UCL Alumnus
Chief of Research Economic Tribune 2020-21
Student Management Team
Ananya Ashta
Editor-in-Chief & Production Manager
Student (BSc Economics 2020-23), Dept. of Economics, UCL, UK
Chief of Events & Outreach 2021-22, Economic Tribune
Phin Godfrey
Editor
Student (BSc Economics with a Placement Year 2020-24), Dept. of Economics, UCL, UK
Chief of Research 2021-22, Economic Tribune
Shivam Gujral
Editor
Student (BSc Economics 2019-22), Dept. of Economics, UCL, UK
Chief of Research 2021-22, Economic Tribune
Xingzuo Zhou
Editor
Student (BSc Economics 2019-22), Dept. of Economics, UCL, UK
Matty Agrawal
Proofreader
Student (BSc Economics 2021-24), Dept. of Economics, UCL, UK
Economics Correspondent, Economic Tribune
Isabelle Zhu
Online Editor
Student (BSc Economics 2021-24), Dept. of Economics, UCL, UK
Events & Outreach Executive 2021-22, Economic Tribune
Introductions & Foreword
Explore Econ Research Papers
Optimal Vaccine Allocation: Modelling Population Interaction and Administrative Constraints
Jakub Terlikowski
2022-08-25 Volume 1 • Issue 1 • August 2022 • 4-8
What is the Potential Impact of a Uniform VAT Rate in Spain, if Implemented in a Revenue Neutral Way?
Guillaume Marder
2022-08-25 Volume 1 • Issue 1 • August 2022 • 9–15
The Effects of Rohingya Refugees from Myanmar on Low-Skilled Wages in the Chittagong Division of Bangladesh
Gaurav Khatri
2022-08-25 Volume 1 • Issue 1 • August 2022 • 16–23
Racial Hate Crime and COVID-19: A Multinomial Choice Study in the US
Yiang Li, Xingzuo Zhou, Tianning Zhu and Xiaoyu Guo
2022-08-25 Volume 1 • Issue 1 • August 2022 • 24–31
Economic Tribune Research Papers
Income-based Segregation in Urban Areas: Framework for a Complex-Systems Approach
Suraj Sridhar
2022-08-25 Volume 1 • Issue 1 • August 2022 • 33–42
Climate Change and Economic Outcomes: a State-Level Analysis in the US
John Korngold
2022-08-25 Volume 1 • Issue 1 • August 2022 • 43–52
Guest Features Research Papers
Monetary Policy, Portfolio Heterogeneity, and the College Wealth Gap
Alessandro Guarnieri
2022-08-25 Volume 1 • Issue 1 • August 2022 • 54–68
How Online Reviews Affect Consumer’s Quality Belief: Ex-ante and Ex-post Preference of Consumption Decision
Yiyang Li
2022-08-25 Volume 1 • Issue 1 • August 2022 • 72–92
Insects on our Plates? Potential, Challenges and Opportunities in the Edible Insect Market
Thomas Adler
2022-08-25 Volume 1 • Issue 1 • August 2022 • 93–110
Policy Brief: Right-to-Work Legislation 1947—Present in the United States
Nicholas Whitaker
2022-08-25 Volume 1 • Issue 1 • August 2022 • 111–120
Silver Lining in Looming Storm: Examining China’s Population Aging Crisis, Expansionary Population Policy, and Alternate Solutions
Tianyi Zhang
2022-08-25 Volume 1 • Issue 1 • August 2022 • 121–127
Institutions and Economic Growth in Democratic Europe: France’s 1958 Transition From Fourth to Fifth Republic
Haneeboy Barlis
2022-08-25 Volume 1 • Issue 1 • August 2022 • 128–137