Transfers within one or three years before a client's death can create various estate and income tax issues, particularly under Internal Revenue Code §§2035 and 1014, sometimes to the taxpayer's advantage. This article is a primer on the operation of these provisions and the opportunities and...

Using new data on citations to university patents and scientific publications, and measures of distance based on Google maps, we study how geography affects university knowledge diffusion. We show that knowledge flows from patents are localized in two respects: they decline sharply with distance...

This paper shows that stocks of truly local firms have returns that exceed the return on stocks of geographically dispersed firms by 70 basis points per month. By extracting state name counts from annual reports filed with the SEC on form 10-K, we distinguish firms with business operations in...

This paper uses a gravity framework to investigate the effects of distance as well as subnational and national borders in knowledge spillovers. Drawing on the NBER Patent Citations Database, we examine patent citations data at metropolitan level within the U.S. and the 38 largest patent-cited...

A substantial and growing fraction of children across Europe and the US live in single parent households. Law practices are evolving to encourage both parents to maintain contact with their children following parental separation/divorce, driven by the belief that such contact is in the best...

Next year marks the 40th anniversary of the U.S. Supreme Court decision in Roe v. Wade. We use unique data on abortions performed in New York State from 1971-1975 to analyze the impact of legalized abortion in New York on abortion and birth rates of non-residents. We estimate that abortion rates...

We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A simple model where exporters react to an increase in the probability of default of importers by increasing their export price and decreasing their export volumes to...

The Attides of Accounting Academics on Distance Education and Distance Accounting EducationAs a result of globalization, knowledge has become the most important value of economic circumstances. For its benefits to all parts of society and its knowledge productivity of managements, accountancy is...

This paper explores the relationship between openness to trade and to immigration on income per person. To address endogeneity concerns we extend the instrumental-variables strategy first used by Frankel and Romer (1999). We show that distance (geographical and cultural) can be used to build a...

We empirically examine the heterogeneity in the effects of multiple dimensions of distance on trade across detailed product groups. Using finite mixture modeling on bilateral trade data at the 3-digit SITC level, we endogenously group product categories into an, a priori unknown, number of...