Job creation in Colombia vs the U.S.: “up or out dynamics” meets...
There is growing consensus that a key difference between the U.S. and developing economies is that the latter exhibit slower employment growth over the life cycle of the average business. At the same...
View ArticleDe Facto or De Jure? Ethnic Differences in Quit Responses to Legal...
This paper studies the impact of legal medical marijuana markets on the decision to quit marijuana use, distinguishing between de jure legalization, in which dispensaries are legally protected, and de...
View ArticleChinese Bond Market and Interbank Market -- by Marlene Amstad, Zhiguo He
Over the past twenty years, especially the past decade, China has taken enormous strides to develop its bond market as an integral step of financial reform. This paper aims to provide the most...
View ArticleDo Trade Creditors Possess Private Information? Stock Returns Evidence -- by...
Theories of customer supplier relationships hold that the private information of suppliers about buyers explains the use of trade credit even when there is a competitive banking sector. If suppliers...
View ArticlePaying to Program? Engineering Brand and High-Tech Wages -- by Prasanna...
We test the hypothesis that IT workers accept a compensating differential to work with emerging IT systems, and that employers that invest in these systems can, in turn, capture greater value from the...
View ArticleThe Monetary and Fiscal History of Bolivia, 1960–2017 -- by Timothy J....
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid...
View ArticleFactor Momentum and the Momentum Factor -- by Sina Ehsani, Juhani T. Linnainmaa
Momentum in individual stock returns emanates from momentum in factor returns. Most factors are positively autocorrelated: the average factor earns a monthly return of 1 basis point following a year of...
View ArticleThe Effect of Health Insurance on Mortality: Power Analysis and What We Can...
A large literature examines the effect of health insurance on mortality. We contribute by emphasizing two challenges in using the Affordable Care Act (ACA)âs quasi-experimental variation to study...
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