In the context of the switch to free-float weighting in the S&P 500 Index, this study of the effect of the availability of shares on liquidity in the medium term found cross-sectional differences in liquidity and price impact measures that gradually narrowed following each phase of the...

The number of young people is reaching unprecedented levels in most developing countries. In many countries, especially in East Asia and Latin America, youth populations are at or near their peak, and will decline in coming decades. In other countries, especially in Africa and South Asia, youth...

The number of young people is reaching unprecedented levels in most developing countries. In many countries, especially in East Asia and Latin America, youth populations are at or near their peak, and will decline in coming decades. In other countries, especially in Africa and South Asia, youth...

Building on standard marital matching models, we show that a variety of underlying social preferences about a given trait all generate positive assortative matching on that trait, and hence the same distribution of spousal trait differences in equilibrium. Applying this result to U.S. Census and...

This paper analyzes the impact of high school household income and scholastic ability on post-secondary enrollment in South Africa. Using longitudinal data from the Cape Area Panel Study (CAPS), we analyze the large racial gaps in the proportion of high school graduates who enroll in university...