Boardroom diversity policies link societal and corporate governance objectives. To understand whether they can meet both objectives, we argue one must understand why female directors are relatively underrepresented. We document that boardroom diversity is lower than most surveys suggest. We then...

This paper establishes that ethnicity matters for criminal behavior. Exploiting the gender of the first-born child on fathers’ conviction rates, this is the first paper to document behavioral differences in parental criminality between ethnic groups. Based on uniquely detailed administrative...

We compare predictions from a conventional protocol-based approach to risk assessment with those based on a machine-learning approach. We first show that the conventional predictions are less accurate than, and have similar rates of negative prediction error as, a simple Bayes classifier that...