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, and the labor market behavior of men in the later part of their working lives. Unlike previous work which has typically …
Persistent link: https://www.econbiz.de/10012465039
Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …
Persistent link: https://www.econbiz.de/10012457832
We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The market timing and catering approach views managerial financing and investment decisions as rational managerial responses to securities mispricing. The managerial biases approach...
Persistent link: https://www.econbiz.de/10012461325
In line with the fallacy of riskification of uncertainty by which decision makers believe that the effects of … markets, such as natural disasters, terrorist attacks, and financial crises--as a problem of risk management. This is … business continuity. Taken together, this article offers the foundation for a behaviorally plausible, decision …
Persistent link: https://www.econbiz.de/10012480579
ingredients: (a) decision rights can be transferred ex ante through ownership, (b) managers (and possibly workers) enjoy private …
Persistent link: https://www.econbiz.de/10012464034
organization; and relationships with limited partners. In selecting investments, VCs see the management team as more important than …
Persistent link: https://www.econbiz.de/10012456092
Several recent studies have found that earnings inequality in Canada has grown considerably since the late 1970's. Using an extraordinary data base drawn from longitudinal income tax records, we decompose this growth in earnings inequality into its persistent and transitory components. We find...
Persistent link: https://www.econbiz.de/10012471414
We examine trends in self-employment among white and black men from 1910 to 1990 using Census and CPS microdata. Self …-employment rates fell over most of the century and then started to rise after 1970. For white men, we find that the decline was due to …-employment. For black men, we find that the self-employment rate remained at a level of roughly one-third the white rate from 1910 to …
Persistent link: https://www.econbiz.de/10012471606
One strand of the literature in labor economics, household finance, and macroeconomics has studied whether individual earnings volatility has risen or fallen in the U.S. over the last several decades. There are disagreements in the empirical literature on this question, with some suggestions...
Persistent link: https://www.econbiz.de/10012938706
follow 999 high-risk men in Liberia 10 years after randomization into either: 8 weeks of a therapy; a $200 grant; both; or a … greatest among the highest-risk men. The effects of therapy alone, however, are smaller and more fragile. The effects of …
Persistent link: https://www.econbiz.de/10013210077