Decisions on profit distribution can easily become a tantalizing matter in family firms. In many jurisdictions, the decision to distribute or retain a corporation’s profits stands or falls on the votes of the majority shareholders. Thus, the majority can turn a corporation’s dividend policy...

We study the implications of incarceration for the earnings and employment of different groups, characterized by their race, gender, and education. Our hidden Markov model distinguishes between first-time and repeat incarceration, along with other persistent and transitory nonemployment and...