Finding a Research Focus
Of the 8 different economics seminars offered during the 2017鈥18 school year, the Seminar in Economic Development, taught by Tamara McGavock, assistant professor of economics, was Duy Duong 鈥18鈥檚 first choice. 鈥淚've always been interested in global development issues,鈥 he says. 鈥淗ow to frame that in an econ context is something that I'm particularly interested in.鈥
For their research projects, students chose a developing country. Duong chose Vietnam, an obvious choice for him since he鈥檚 from there and could find data for his research. Next, he searched for a particular topic.
Class discussion came in handy there. Much of it concerned female workers and families. When Duong checked the literature, he didn鈥檛 find a lot of papers on Vietnamese women, which meant there was plenty of room for new research.
Next, he asked himself what he wanted to learn about female Vietnamese workers. He had experience at home with the labor market, in particular workers鈥 rights and workers鈥 movements. So a topic on female employment and wages was a good fit. 鈥淏ut what鈥檚 interesting about that topic?鈥 he says.
McGavock suggested he take a look at policy, such as the impact of a change in law. Duong discovered a corporate tax decrease. And thanks to a summer 2017 internship with the Iowa Department of Revenue, 鈥淚 do know tax policies,鈥 Duong says. The internship 鈥渢aught me a lot about how to read the lingo that is referenced in tax-related documents.鈥
Duong鈥檚 research results were 鈥渄efinitely interesting.鈥 He found that a 2% corporate tax cut led to a 69% increase in female wages at eligible firms relative to male wages at firms that were not eligible for the tax cut. Though in absolute terms, he says, 鈥渋t鈥檚 a different story.鈥 In other words, it was a minor increase because women鈥檚 wages were so low compared to men鈥檚.
Learning to do this kind of research involved reading many papers for class and analyzing what those researchers did. 鈥淓ach paper has its own flavor, has its own approach to researching, and of course different topics,鈥 Duong says. He modeled his paper on the first one students read. They discussed it a great deal in class and did various exercises with it, which he relied on to do his own analysis.
鈥淚t was one hell of an experience,鈥 he says.