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...

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

Collaborative crowdsourcing communities help firms obtain ideas generated by the public at a lower cost compared to those generated in-house. However, the growth of these communities has led to a large influx of ideas of mixed quality, which has made it difficult for firm experts to select and...

Many cities have put relentless efforts in promoting transformational changes to tackle urban challenges, accumulating considerable experiences and knowledge for other cities to learn. To reuse the successful experiences in an effective way, previous studies have developed experience mining...

We present a new volatility model, simple to implement, that combines various attractive features such as an exponential moving average of the price and a leverage effect. This model is able to capture the so-called 'panic effect', which occurs whenever systematic risk becomes the dominant...

We analyze the differential impact of the COVID-19 crisis on the Spanish labor market across population groups, as well as its implications for income inequality. The main finding is that young, less educated, and low skilled workers, as well as women are the most affected by the COVID-19 shock...

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...