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We estimate the career and location preferences of students in U.S. doctoral programs in a major STEM field – chemistry. Our analysis is based on novel survey conducted in 2017 of 1,605 current Chemistry doctoral students enrolled in the top 54 U.S. research intensive universities. First, we...
Persistent link: https://www.econbiz.de/10012914271
We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of multi-year compensation plans, which generate two...
Persistent link: https://www.econbiz.de/10012902373
The nineteenth century was a period of expansion and transformation of American agriculture. While much is known about …
Persistent link: https://www.econbiz.de/10013218343
Recent models of firm investment decisions stressing informational imperfections in capital markets provide a foundation for interpreting evidence that movements in internal finance can predict investment opportunities. While such evidence is suggestive, it is often open to other...
Persistent link: https://www.econbiz.de/10013247004
We model the relationship between local agricultural surpluses, nutritional status, and height, and we test the hypothesis that adult height is positively correlated with the local production of nutrition in infancy. We test the hypothesis on two samples of Union Army recruits - one consisting...
Persistent link: https://www.econbiz.de/10013233903
British agriculture. Since the labor requirements of grain production were much more seasonal than were those of the other … major agricultural products of the era (dairy products, livestock, wood, and cleared land), and agriculture was the dominant …
Persistent link: https://www.econbiz.de/10013217616
U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical …, and information technologies. Compared with a few decades ago, today’s agriculture is much less labor intensive and farms …
Persistent link: https://www.econbiz.de/10013322662
This paper discusses a portion of our work linking data on the agriculture sector in the United States and Canada. The …
Persistent link: https://www.econbiz.de/10013231004
In this paper we develop a new approach to measuring the gains from economic integration based on a generalization of the Ricardian model in which heterogeneous factors of production are allocated to multiple sectors in multiple local markets based on comparative advantage. We implement this...
Persistent link: https://www.econbiz.de/10012977275
The contributions of Harold Demsetz offer key insights on how property rights and transaction costs shape economic organization. This guides our comparison of agricultural organization in two comparable regions, the Argentine Pampas and the US Midwest. In the US, land was distributed in small...
Persistent link: https://www.econbiz.de/10013291252