Using transaction-level credit card spending from a large US financial institution, we show that disaggregated sales provide accurate and persistent signals of customer demand relevant to a firm's stock pricing. After controlling for earnings and sales surprises, one inter-quintile increase in...

This paper examines the gender wage gap in Singapore's taxi industry using hourly income data for male and female taxi drivers in 7 million taxi rides from January 2009 to November 2010. Using a fixed-effects model, we find a 4.5% gender wage gap between female and male taxi drivers. We find...

This paper examines the gender wage gap in Singapore's taxi industry using hourly income data for male and female taxi drivers in 7 million taxi rides from January 2009 to November 2010. Using a fixed-effects model, we find a 4.5% gender wage gap between female and male taxi drivers. We find...

This paper documents an increasing intergenerational income persistence in China since economic reforms were introduced in 1979. The intergenerational income elasticity increases from 0.390 for the 1970–1980 birth cohort to 0.442 for the 1981–1988 birth cohort; this increase is more evident...

This paper documents an increasing intergenerational income persistence in China since economic reforms were introduced in 1979. The intergenerational income elasticity increases from 0.390 for the 1970–1980 birth cohort to 0.442 for the 1981–1988 birth cohort; this increase is more evident...

This paper documents an increasing intergenerational income persistence in China since economic reforms were introduced in 1979. The intergenerational income elasticity increases from 0.390 for the 1970-1980 birth cohort to 0.442 for the 1981-1988 birth cohort; this increase is more evident...