Very few matters of social importance are more complex than the one before you today. This particular issue is not only about uncovering obscure dollars unscrupulously extracted from the account balances of America's workforce, but it is also about correcting the culture that has permitted the...

In the United States, the level of concern over 401(k) fees is steadily increasing. However, very few employers understand the nature and scope of the retirement plan industry's business model. Not even the Federal Government fully grasps the issue. Understanding how hidden fees came about, and...

We investigate whether security prices reflect the tax rhetoric of opposing candidates during the 1992 U.S. Presidential campaign. We use daily data from the Iowa Political Stock Market to measure changes in the likelihood that the candidate advocating an increase in individual income tax rates...

Failure or refusal to fully disclose fees, expenses, revenue sharing, and other hidden costs is causing hundreds of thousands of 401(k) and similar plans to operate outside the realm of fiduciary prudence, unknowingly engage in prohibited transactions, and unnecessarily erode the future benefits...

Homeownership may encourage investment in local amenities and social capital, both because homeownership gives individuals an incentive to improve their community and because homeownership creates barriers to mobility. Using the U.S. General Social Survey, we document that homeowners invest more...

One of the central uses of stakeholder theory, in its original form, was as a counterpoint to the idea that corporations should be managed in the interests of shareholders. As the theory developed the debate was often framed in terms of quot;shareholders vs. stakeholders.quot; While developing...

The purpose of this study is to evaluate the transparency problem of public auditing for general budget institutions in Turkey. In this study, transparency in the auditing operations of 47 general budget institutions was studied by searching the institutions’ web sites. Upon examination, it is...

I investigate how government ideology and globalization are associated with top income shares in 16 OECD countries over the period 1970 to 2010. I use the new World Top Incomes Database. Globalization is measured by the KOF index of globalization. The results show that the top 1% income share...

Why do social scientists give less and less attention to policies and policy-making as a specific domain for inquiry while they use empirical contexts of policies and policy-making as empirical data sources and tests of broader theories about society and politics? The paper relies on the...

Population's ageing and the increasing longevity of life are not spontaneous processes. In reality, it is a society's achievement that people are given a chance to live longer. This state is obviously achieved only when citizens take this opportunity seriously and contribute to the overall...