Data breaches account for a significant share of cyber attacks. While they severely impact customers, who lose valuable personal data, they often have a limited effect on the operations of data holding companies. This might lead firms to underinvest in cybersecurity. Does stronger data...

In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...