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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...
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We study the implications of incarceration for the earnings and employment of different groups, characterized by their … other persistent and transitory nonemployment and earnings risks, and accounts for nonresponse bias. We estimate the model … individuals. The consequences of incarceration are enormous: First-time incarceration reduces expected lifetime earnings by 39 …
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