We consider the labour market for financial advisers in the US using a matched employer-employee data set over the period 2008-2018, in order to examine gender gaps and racial disparities in labour market penalties for financial misconduct. We first show that the measurement of labour market...

Recent papers have found that often immigrants are overqualified relative to native-born workers when comparing an individual’s education to the ‘average’ education in their occupation. We show that these results are sensitive to differences in the education distribution between immigrants...