Using data from the National Longitudinal Survey of Youth 1979, we show that returns to wage growth of work experience for mothers are lower than those women with no child even when controlling for accumulated work experience and tenure. This is not fully explained by self-selection into...

In this research authors show that institutional investors' skill matters the most during high sentiment periods when market signals are noisy. The results reveal that fund managers with the highest (lowest) skill add (lose) $7.71 ($5.64) million of value during high sentiment periods, compared...