We examine the impact of Emergency Department (ED) overcrowding on wait times and patient outcomes using a unique cross section of about 32,000 patients for an ED located in the Southwestern United States. We construct a measure of a patient’s outcome and estimate the extent to which it is...

What drives some households to take risks and hold financial instruments while others don’t? We document the extent to which overconfidence plays a role in households’ reported financial risk aversion and their actual investment behavior, using data from the China Household Finance Survey....

This study applies a panel data stochastic frontier analysis to country data towards examining the effect of gender equity in labor market opportunities upon efficiency in the production of GDP. It finds that aggregate technical efficiency is improved by a widening of women's labor market...

This paper looks at the impact of corruption on stock market development, emphasizing the difference between developing and developed economies and the role corruption may play in preventing firms from listing. After setting up a theoretical model that explains why corruption's impact on stock...