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What do unions do to pension performance?

Even, William E.; Macpherson, David A. - 2010

estimate the effects of unions on risk adjusted returns and find that the union effect on performance varies in ways that are … consistent with our priors. In particular, unions have the largest negative effect among multi-employer defined contribution … plans and the negative effect of unions can be eliminated by a switch to participant direction. Also, we find that unions …

Persistent link: https://www.econbiz.de/10009153570

Medical Innovation, Human Capital Productivity, and the Cross Section of Stock Returns

Zhou, Tong - 2019

Medical innovation enhances labor health, promotes human capital productivity, and influences asset prices. Using a manually collected dataset on drug approvals to identify medical innovation, I first confirm its direct impact on human capital -- a higher medical innovation shock predicts a...

Persistent link: https://www.econbiz.de/10012901148

Estimating Returns to Capital and Ability : Evidence from a Natural Experiment

Wong, Po Yin - 2017

This paper estimates economic returns to physical capital and inherent ability among Indonesian fishermen using a natural experiment. By exploiting the quasi-random variation in the length of fishing boats generated by an aid program among survivors of the 2004 Indian Ocean tsunami, it is found...

Persistent link: https://www.econbiz.de/10012972910

CEO Backgrounds and Stock Performance : Evidence from the Great Recession

Pang, Jiaren - 2018

Using the Great Recession of 2007-2009 as a quasi-natural experiment, we find that CEOs' work experience is significantly related to firm stock performance while their endowed traits play a limited role in the recession. No CEO characteristics matter during the pre-recession period. CEOs who...

Persistent link: https://www.econbiz.de/10012929913

Richer earnings dynamics, consumption and portfolio choice over the life cycle

Gálvez, Julio; Paz Pardo, Gonzalo - 2023

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...

Persistent link: https://www.econbiz.de/10014278693

Firm heterogeneity in skill returns

Böhm, Michael; Esmkhani, Khalil; Gallipoli, Giovanni - 2023

We quantify firm heterogeneity in skill returns and present direct evidence of worker–firm complementarities. Within a model of firms' demand for cognitive and noncognitive attributes we show that identification depends on the availability of skill measures. Linking administrative data to test...

Persistent link: https://www.econbiz.de/10014442305

What do unions do to pension performance?

Even, William E.; Macpherson, David A. - In: Economic inquiry : journal of the Western Economic … 52 (2014) 3, pp. 1173-1189

Persistent link: https://www.econbiz.de/10010468858

Returns to training

Leuven, Edwin - In: Human capital : advances in theory and evidence, (pp. 38-51). 2007

Persistent link: https://www.econbiz.de/10003478204

The different returns to cognitive ability in the labor and capital markets

Bastani, Spencer; Karlsson, Kristina; Waldenström, Daniel - 2023

We investigate the returns to cognitive ability in the labor and capital markets. Using population-wide Swedish military enlistment data and administrative tax records, we find that cognitive ability is much better at predicting capital income than labor earnings. The difference is almost a...

Persistent link: https://www.econbiz.de/10014540937

The different returns to cognitive ability in the labor and capital markets

Bastani, Spencer; Karlsson, Kristina; Waldenström, Daniel - 2023

Persistent link: https://www.econbiz.de/10014542214

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