American households increasingly rely on employer-sponsored defined contribution retirement plans to fund consumption in retirement. I show that an important factor that impacts these plans is litigation risk. Using a new database of over 35,000 plans covering more than $5 trillion in assets, I...

The paper examines the impact of teaching family physicians psychosocial skills and knowledge during their residency training in family medicine. The idea put forth by the family practice profession that family physicians are trained to treat their patients' biological, as well as psychosocial...

We inquire whether public opinion influences executive compensation. During 1992-2008 the negativity of press coverage of CEO pay varied significantly, with stock options being the most discussed pay component. We find that after more negative press coverage of CEO pay firms reduce option grants...

In a competitive managerial labor market, compensation contracts should not depend on public attitudes or social norms regarding income inequality or "fair pay". In contrast to the standard view of optimal incentive design, we find that public opinion impacts executive compensation. We show that...