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The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks
Goetz, Martin - 2011
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United …
Persistent link: https://www.econbiz.de/10012460997
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Surviving the Fintech Disruption
Jiang, Wei; Tang, Yuehua; Xiao, Jiqiu; Yao, Wenxiong - National Bureau of Economic Research - 2021
This paper studies how demand for labor reacts to financial technology (fintech) shocks based on comprehensive databases of fintech patents and firm job postings in the U.S. during the past decade. We first develop a measure of fintech exposure at the occupation level by intersecting the textual...
Persistent link: https://www.econbiz.de/10012510601
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Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation
Philippon, Thomas - 2012
I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...
Persistent link: https://www.econbiz.de/10012460582
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Fund Flows and Income Risk of Fund Managers
Cen, Xiao; Dou, Winston Wei; Kogan, Leonid; Wu, Wei - National Bureau of Economic Research - 2023
Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...
Persistent link: https://www.econbiz.de/10014447307
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …
Persistent link: https://www.econbiz.de/10012471064
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The Geography of Job Creation and Job Destruction
Kuhn, Moritz; Manovskii, Iourii; Qiu, Xincheng - National Bureau of Economic Research - 2021
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job …
Persistent link: https://www.econbiz.de/10012660077
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Dissecting Green Returns
Pástor, Ľuboš; Stambaugh, Robert F.; Taylor, Lucian A. - National Bureau of Economic Research - 2021
Green assets delivered high returns in recent years. This performance reflects unexpectedly strong increases in environmental concerns, not high expected returns. German green bonds outperformed their higher-yielding non-green twins as the "greenium" widened, and U.S. green stocks outperformed...
Persistent link: https://www.econbiz.de/10012585424
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What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data
Cavallo, Alberto; Kryvtsov, Oleksiy - National Bureau of Economic Research - 2021
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
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An Economic Analysis of U.S Public Transit Carbon Emissions Dynamics
Huang, Robert; Kahn, Matthew E. - National Bureau of Economic Research - 2022
.S transit agencies with transit agencies in Germany and the United Kingdom. We study U.S urban public sector energy efficiency …
Persistent link: https://www.econbiz.de/10013190994
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Educational Inequality*
Blanden, Jo; Doepke, Matthias; Stuhler, Jan - National Bureau of Economic Research - 2022
This chapter provides new evidence on educational inequality and reviews the literature on the causes and consequences of unequal education. We document large achievement gaps between children from different socio-economic backgrounds, show how patterns of educational inequality vary across...
Persistent link: https://www.econbiz.de/10013191073