This study decomposes the effects of chronological age, birth cohort, and calendar year on the age profile of household financial risk taking. Using two measures of risk taking, one based on observed portfolio allocations of wealth and another based on survey respondents' stated willingness to...

Racial differences in the receipt of financial inheritances help to explain why the average difference in wealth between black and white households is larger than the average difference in income. Using data from a panel of prime-aged males and from a representative survey of the U.S....

This article investigates whether the outcomes of National Football League (NFL) preseason games are predictors of regular season NFL performance. Using data from the 2002-2010 NFL seasons, the empirical analysis does not find that either a team’s preseason winning percentage or a win in...

Economic theory predicts economic integration in the European Community (EC) will result in single markets for individual goods, services and factors of production. The specific characteristics of commercial real estate make it unlikely that a single market will result. However, even without a...

This paper evaluates a maternity leave policy designed to reduce gender inequality in the labor market. It examines the extent to which Malaysia's paid maternity leave policy provides working women with leave as a condition of their employment. Since all women are not the same, a policy may...

In this paper, we use the Blinder-Oaxaca method for nonlinear models to decompose observed differences in credit rationing of small businesses between white- and minority-owned firms in the USA. We utilize a representative dataset of small businesses from the Survey of Small Business Finances...

The Sullivan Principles represented an attempt in the 1970s and 1980s in the United States to apply private pressure, as an alternative to government sanctions, to put an end to apartheid in South Africa. In this paper we assess the impact of the Principles on the employment practices of a...