This paper explores the effects of a long-term low interest environment as it pertains to general economic growth, the stock and bond market, the wealth gap, and retirees. The Federal Reserve (Fed) will often lower interest rates during periods of economic slowdown (like a recession) to...

We depart from the classic bundling literature on single-unit purchases and develop a multi-unit demand model in which customers decide both the variety and volume of their purchased products. We integrate product bundling with two commonly used usage-based pricing schemes in the service...

In this paper, we propose the Two-Echelon Location-Routing Problem with Fuzzy Demand (2E-LRP-FD) of the " county-township-village" e-commerce logistics network. Firstly, a bi-objective model of profit maximization of logistics enterprises considering government subsidies and carbon emissions...

We use an unbalanced panel dataset of 200 commercial banks in China from 2008 to 2020 to empirically examine the effects of economic policy uncertainty(EPU) on the diversification of commercial banks' business operations. According to the study, EPU has a large positive impact on the...

This paper uses new administrative data with detailed borrower information and lengthy repayment histories from the Canada Student Loans Program (CSLP) to measure rates of return on undergraduate student loans. We document substantial heterogeneity in returns based on information available at...

Cobalt-based catalysts have been widely explored in the degradation of organic pollutants based on peroxymonosulfate (PMS) activation. Herein, we report an MXene nano-Co3O4 co-catalyst enriched with oxygen vacancies (Ov) and steadily fixed in nickel foam (NF) plates, which is used as an...

This paper estimates the effects on earnings of 'gap years' between high school and university enrollment. The effect is estimated by means of standard earnings functions augmented to account for gap years and a rich set of control variables using administrative Swedish data. We find that...

We study how the duration of paid parental leave affects the accumulation of cognitive skills among children. We use a reform which extended parental leave benefits from 12 to 15 months for Swedish children born after August 1988 to evaluate the effects of prolonged parental leave on children's...