Showing 1 - 10 of 123
The closing of the gender wage gap is an ongoing phenomenon in industrialized countries. However, research has been limited in its ability to understand the causes of these changes, due in part to an inability to directly compare the work of women to that of men. In this study, we use a new...
Persistent link: https://www.econbiz.de/10012465538
This paper exploits the richness and large sample size of the Gallup/Healthways US daily poll to illustrate significant differences in the dynamics of two key measures of subjective well-being: emotions and life evaluations. We find that there is no day-of-week effect for life evaluations,...
Persistent link: https://www.econbiz.de/10012461469
This paper studies the economics behind the investment in information technologies (IT) by U.S. commercial banks in the past decade. By linking banks' IT spending to their lending technologies, we analyze the distinctive natures of banks' dealings with information across various lending...
Persistent link: https://www.econbiz.de/10013362057
We model early expectations about the value and technological importance ('quality') of a patented innovation as a latent variable common to a set of four indicators: the number of patent claims, forward citations, backward citations and family size. The model is estimated for four technology...
Persistent link: https://www.econbiz.de/10012471439
This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set of prior beliefs that can be elicited without any reference to probability distributions or their parameters. We then combine these prior beliefs with a general multi-factor...
Persistent link: https://www.econbiz.de/10012471727
We present both theory and evidence that increased competition may decrease rather than increase consumer welfare in subprime credit markets. We present a model of lending markets with imperfect competition, adverse selection and costly lender screening. In more competitive markets, lenders have...
Persistent link: https://www.econbiz.de/10012616617
This paper examines the economic foundations of some recently proposed criteria for evaluating the benefits of social programs. These criteria are appropriate for comparing a class of revenue-constant policies. They replace foundational principles of social opportunity costs with accounting...
Persistent link: https://www.econbiz.de/10013191099
We study the effect of photo ID laws on voting using a difference-in-differences estimation approach around Rhode Island's implementation of a photo ID law. We employ anonymized administrative data to measure the law's impact by comparing voting behavior among those with drivers' licenses versus...
Persistent link: https://www.econbiz.de/10012479459
We develop a new framework for valuing health and longevity improvements that departs from conventional but unrealistic assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness, and it can quantify the effects of retirement...
Persistent link: https://www.econbiz.de/10012480708
number of geographic ``rating areas." The ACA mandates that an insurer price its health insurance plan uniformly in all … counties within the same rating area, conditional on insurees' age and smoking status. However, the ACA does \textit …{not} require that an insurer sell its plan in all counties in a rating area. Using the federal marketplace data, we quantify the …
Persistent link: https://www.econbiz.de/10012480806