exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year …-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational … outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …

administrative data on secondary Italian students to the management scores of their school principals in 2011 and 2015 based on the … World Management Survey methodology. The frequent turnover of school principals over this period allows us to causally … interpret school-fixed-effect estimates. We find that management quality positively and substantially impacts standardized math …

Partnering with the Census we implement a new survey of "structured" management practices in 32,000 US manufacturing … plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within … the same firm. This management variation accounts for about a fifth of the spread of productivity, a similar fraction as …

This study examines gender differences in risk-taking behavior among managers in a female-dominated industry. Using … data from international top-level women's soccer, we provide evidence that male coaches show a lower level of risk … previous studies on gender differences in risk preferences, and thereby emphasize the importance of considering the industrial …