This article presents a simple yet powerful simulation-based approach for approximating the values of prices and Greeks (i.e. derivatives with respect to the underlying spot prices, such as delta, gamma, etc) for American-style options. This approach is primarily based upon the Least Squares...

This article presents a fast yet effective simulation-based approach for estimating the upper bounds of American-style option prices without nested simulations. We derive the analytical representation for the 'correct' martingale that is to be applied to the dual pricing formula to give the...

Eating disorders affect 12-25% of college women. Previous research established a positive correlation between sorority membership and eating disorders. We investigate a possible causal link between sororities and weight-related behaviors and eating disorders using data from the American College...

Intimate partner violence (IPV) is widespread among women, with substantial and long-lasting negative consequences. Researchers have documented a strong positive correlation between alcohol abuse and IPV. Yet prior researchers have struggled with the problem of the potential endogeneity of...

The Earned Income Tax Credit (EITC) is the largest anti-poverty program in the U.S. In 1993, the EITC benefit levels were changed significantly based on the number of children in the family such that families with two or more children experienced an exogenous expansion in their incomes. Using...

In 1993, the benefit levels of the Earned Income Tax Credit (EITC) were changed significantly based on the number of children in the household. Employing a difference-in-differences plus mother fixed-effects framework, we find better mother-rated health for children of unmarried black mothers...

This paper examines the effect of minimum wage increases on the self-reported health of teenage workers. We use a difference-in-differences estimation strategy and data from the Current Population Survey, and disaggregate the sample by race/ethnicity and gender to uncover the differential...

States are increasingly resorting to raising the minimum wage to boost the earnings of those at the bottom of the income distribution. In this paper, we examine the effects of minimum wage increases on the health of low-educated Hispanic women, who constitute a growing part of the U.S. labor...

Policymakers and the general public have expressed increasing concern over rising health care costs. The Certificate-of-Need (CON) programs began at the federal level in 1974 to stem the increase in costs by limiting hospital expansion and acquisition of equipment. The federal requirement for...