We estimate a dynamic model of the decision to close a troubled bank. Regulators trade off an aversion to closing banks against the risk that allowing a bank to continue will raise the eventual costs to the deposit insurance fund. Using a conditional choice probability approach, we estimate the...

We examine the effect of parental inputs on children's labor market outcome measured by the individual fixed effect in the wage equation and the education level obtained. We explicitly control for parental ability and child care time along with parental education, family disruption,...

By modeling the market for IPOs as a repeated game with imperfect monitoring, we establish that collusion among underwriters explains the concentration of spreads at 7%, along with other characters of the data on spreads. Furthermore, the structure of optimal spreads in the model explains the...

This paper investigates the determinants of the amount of parental time a young child receives. Specifically we study primary childcare time, secondary childcare time and total childcare time using the American Time Use Survey (ATUS). The analysis takes into account the potential endogeneity...