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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...
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momentum, while women's is not. This result is robust to different specifications and estimation strategies. Our results are in …
Persistent link: https://www.econbiz.de/10011455776
people question it on grounds of gender. Nevertheless, gender issues exist. Most obviously, men as a group benefit more from … have a disparate impact on men and women because economic growth can affect men and women differently. More subtle gender … capital gains.This essay explores the relationship between gender and capital gains taxation, an analysis that generally has …
Persistent link: https://www.econbiz.de/10013134579
returns. The goal is to determine whether the gender of an incoming board member is perceived differently by investors …. Scholarly findings on gender and leadership have been mixed at best. Overall, the evidence seems to indicate that women and men …
Persistent link: https://www.econbiz.de/10012889129
with strong resistance. We find fundamental gender differences: whereas men’s performance is unaffected by previously … previous stage. This result is linked to gender differences in psychological momentum. Detailed analysis reveals heterogeneous …
Persistent link: https://www.econbiz.de/10012792316
We find that firms with higher gender and racial diversity of inventors have significantly superior stock returns than … returns around subsequent earnings announcements. Our results highlight the importance of gender and racial inventor diversity …
Persistent link: https://www.econbiz.de/10012845515
Returns to experience for U.S. workers have changed over the post-war period. This paper argues that a simple model goes a long way towards replicating these changes. The model features three well-known ingredients: (i) an aggregate production function with constant skill-biased technical change;...
Persistent link: https://www.econbiz.de/10011559774
To study the role of talent in finance workers' pay, we exploit a special feature of the French higher education system. Wage returns to talent have been significantly higher and have risen faster since the 1980s in finance than in other sectors. Both wage returns to project size and the...
Persistent link: https://www.econbiz.de/10012905021
This study investigates the effects of labor costs on firms' capital investments and stock returns. I estimate wage premia across U.S. industries and show that the negative investment-return relation implied by q-theory is steeper for firms paying high wage premia than for firms paying low wage...
Persistent link: https://www.econbiz.de/10012936438