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We create a firm-level ChatGPT investment score, based on conference calls, that measures managers' anticipated changes in capital expenditures. We validate the score with interpretable textual content and its strong correlation with CFO survey responses. The investment score predicts future...
Persistent link: https://www.econbiz.de/10014486252
We examine the efficacy of affirmative action at universities whose value depends on peer and alumni networks. We study an elite Brazilian university that adopted race- and income-based affirmative action at a large scale. Using employer-employee data, we show that a key benefit of attending the...
Persistent link: https://www.econbiz.de/10012805824
This study combines pre-COVID-19 household surveys with 2020 macro data to simulate changes in household economic welfare and poverty rates through job losses, labor income changes, and non-labor (remittance) income changes during 2020 in Brazil, Sri Lanka, the Philippines, South Africa, and...
Persistent link: https://www.econbiz.de/10014247417
Persistent link: https://www.econbiz.de/10014251764
As the pandemic spread across the U.S., disagreement among U.S. households about inflation expectations surged along with the mean perceived and expected level of inflation. Simultaneously, the inflation experienced by households became more dispersed. Using matched micro data on spending of...
Persistent link: https://www.econbiz.de/10014083908
As the pandemic spread across the U.S., disagreement among U.S. households about inflation expectations surged along with the mean perceived and expected level of inflation. Simultaneously, the inflation experienced by households became more dispersed. Using matched micro data on spending of...
Persistent link: https://www.econbiz.de/10013307870
As the pandemic spread across the U.S., disagreement among U.S. households about inflation expectations surged along with the mean perceived and expected level of inflation. Simultaneously, the inflation experienced by households became more dispersed. Using matched micro data on spending of...
Persistent link: https://www.econbiz.de/10013308259
This paper uses ChatGPT, a large language model, to extract managerial expectations of corporate policies from disclosures. We create a firm-level ChatGPT investment score, based on conference call texts, that measures managers’ anticipated changes in capital expenditures. We validate the...
Persistent link: https://www.econbiz.de/10014349443
household. We conjecture that traditional gender roles expose women and men to different economic signals in their daily lives … household grocery chores, their resulting exposure to price signals, and their inflation expectations, we show that the gender … expectations gap is tightly linked to participation in grocery shopping. We also document a gender gap in other economic …
Persistent link: https://www.econbiz.de/10012839361