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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/10012759651
Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called “bounded rationality …
Persistent link: https://www.econbiz.de/10013030618
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/10013121051
ingredients: (a) decision rights can be transferred ex ante through ownership, (b) managers (and possibly workers) enjoy private …
Persistent link: https://www.econbiz.de/10012765370
organization; and relationships with limited partners. In selecting investments, VCs see the management team as more important than …
Persistent link: https://www.econbiz.de/10012983682
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/10012912518
We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income Dynamics from 1970 to 2004. Using both an error components model as well as simpler but only approximate methods, we find that the transitory variance started to increase in the...
Persistent link: https://www.econbiz.de/10013129122
Fetal health is an important consideration in the formation of health-based policy. However, a complete census of true fetal deaths is impossible to obtain. We present the gender ratio of live births as an under-exploited metric of fetal health and apply it to examine the effects of air quality...
Persistent link: https://www.econbiz.de/10013120284
Obesity is associated with serious health problems, and it can generate adverse economic outcomes. We analyze a nationally-representative sample of young American adults to investigate the interplay between obesity, wages and self-esteem. Wages can be impacted directly by obesity, and they can...
Persistent link: https://www.econbiz.de/10013152432
BMI has a negative impact on earnings for women, and less (if any) consequences for men. In this paper, we relax the … levels far below the clinical threshold of "obesity" or even "overweight". For men, our main estimates suggest a reasonably …
Persistent link: https://www.econbiz.de/10013152677