Dr. Faulk is the director of research at Ball State University’s Center for Business and Economic Research (CBER). Her research is centered around tax policy at the state and local level. You can check out her research here.
In the Economics Club meeting on Wednesday March 5th, 2014, she began by talking about the postal service, highlighting the data that shows post offices decreasing since the 1980s which has lowered income. She poses the question of how an increase in postage stamp prices affect the US economy. The digital revolution has led to the elasticity of the postage stamp increasing, changing from a very inelastic good to a much more elastic good. With the number of substitutes having increased dramatically, a rise in the price of a postage stamp will decrease total revenue.
After delving into this topic, Dr. Faulk was pressed for time on her main topic of “The Impact of Bus Transit on Employee Turnover”. Her hypothesis was that public transit reduced employee turnover. Employee turnover being the rate at which employees become separated from their jobs. The data that she used was from 78 cities/counties in Illinois, Indiana, Michigan, Ohio, Pennsylvania, and Wisconsin between 1998 and 2010. Her research model compared cities of similar population size and manufacturing employment that both do and do not have a bus transit system.
The conclusion, after multiple regression models, was that employee turnover rates are negatively related to access to bus transit. To look more in-depth at this specific topic, click here.