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What makes an asset institutional-quality? This paper proposes that one reason is the existing concentration of delegated investors in a market through a liquidity channel. Consistent with this intuition, it documents differences in investor composition across US cities and shows that delegated...
Persistent link: https://www.econbiz.de/10012479915
Persistent link: https://www.econbiz.de/10012055771
Persistent link: https://www.econbiz.de/10008986752
What makes an asset institutional-quality? This paper proposes that one reason is the existing concentration of delegated investors in a market through a liquidity channel. Consistent with this intuition, it documents differences in investor composition across US cities and shows that delegated...
Persistent link: https://www.econbiz.de/10012868348
What makes an asset institutional-quality? This paper proposes that one reason is the existing concentration of delegated investors in a market through a liquidity channel. Consistent with this intuition, it documents differences in investor composition across US cities and shows that delegated...
Persistent link: https://www.econbiz.de/10012853649
Persistent link: https://www.econbiz.de/10010485936
Search models of the labor market suggest that a significant determinant of job creation decisions by firms is the expected value of the initial and future real wages that firms have to pay to workers in newly formed employment relationships. Until recently, the focus of the empirical literature...
Persistent link: https://www.econbiz.de/10013096542
We introduce a simple representation of endogenous search effort into the standard matching function with job-seeker heterogeneity. Using the estimated augmented matching function, we study the sources of changes in the average employment transition rate. In the standard matching function, the...
Persistent link: https://www.econbiz.de/10012978228
Persistent link: https://www.econbiz.de/10013269226
Using a unique data set and a novel identification strategy, we estimate the effect of minimum wage increases on job vacancy postings. Utilizing occupation-specific county- level vacancy data from the Conference Board's Help Wanted Online for 2005-2018, we find that state-level minimum wage...
Persistent link: https://www.econbiz.de/10013187552