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Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits, a significant component of the differences in income inequality across societies can be attributed to variation in societal...
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This research presents the first evidence that moderate fecundity had maximized long-run reproductive success in the human population. Using a reconstructed genealogy for nearly half a million individuals in Quebec during the 1608-1800 period, we find that while a high fecundity was associated...
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between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …
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distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross …
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