This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...

This paper derives the value and the risk of aggregate human capital in a dynamic equilibrium production model with Duffie-Epstein preferences. In this setting, the expected return of a risky asset is a function of the asset's covariance with consumption growth and a weighted average of the...

תקציר בעברית: הדוח עוסק בשלושה נושאים מרכזיים: ראשית, הרפורמה בהעסקת עובדי בניין פלסטינים בישראל, שנכנסה לתוקף בסוף שנת 2020. שנית, השפעת מגיפת הקורונה על העובדים,...

Using data from 34 countries, this paper examines how each country's financial system and cultural ideology interact with globalization to impact the capability of firms to exploit external (i.e., capital and labor) and internal (i.e., research and development and intangible capital) advantages....

Munkaszolgáltatások adásvételeként értelmezendő-e a munkaviszony vagy dolgozók bérléseként? A közgazdaság-tudomány álláspontja következetlen: jellemzően dolgozóbérlésnek deklarálja, ugyanakkor ideálisan munkaszolgáltatások adásvételeként gondolja el. Az írás...

“The Principles of Scientific Management” by Frederick Taylor is among the first attempts to set up a coherent set of principles and rules in the practice of management. While Taylor seems to have gone too far by claiming that the status of his statements is scientific, we argue that he made...

In this study, we show that the main problem facing the Eurozone economy is the relatively low competitiveness of the PIIGS economies. Findings show that the defining trait of PIIGS countries is neither budget deficits, nor public debt, but rather the current account deficits. We argue that,...

We estimate a dynamic learning model of the college dropout decision, taking advantage of unique expectations data to greatly reduce our reliance on assumptions that would otherwise be necessary for identification. We find that forty-five percent of the dropout that occurs in the first two...

Research increasingly shows that differences in endowments at birth need not be genetic but instead are influenced by environmental factors while the fetus is in the womb. In addition, these differences may persist well beyond childhood. In this paper, we study one such environmental factor -...