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Changes in Marriage and Divorce as Drivers of Employment and Retirement of Older Women
Olivetti, Claudia - 2016
Participation (SIPP). We then exploit variation in laws governing divorce across states and over time to quasi … divorce significantly increases the probability of full-time employment later in life, and significantly decreases retirement … does not impact full-time employment after age 50 but is positively associated with investment in education post marriage …
Persistent link: https://www.econbiz.de/10012981100
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The Time Variation in Risk Appetite and Uncertainty
Bekaert, Geert - 2019
We develop measures of time-varying risk aversion and economic uncertainty that are calculated from financial variables …
Persistent link: https://www.econbiz.de/10012889979
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Early Admissions at Selective Colleges
Avery, Christopher; Levin, Jonathan - 2021
Early admissions is widely used by selective colleges and universities. We identify some basic facts about early admissions policies, including the admissions advantage enjoyed by early applicants and patterns in application behavior, and propose a game-theoretic model that matches these facts....
Persistent link: https://www.econbiz.de/10013218397
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What Explains Temporal and Geographic Variation in the Early Us Coronavirus Pandemic?
Allcott, Hunt; Boxell, Levi; Conway, Jacob; Ferguson, Billy - 2021
We provide new evidence on the drivers of the early US coronavirus pandemic. We combine an epidemiological model of disease transmission with quasi-random variation arising from the timing of stay-at-home-orders to estimate the causal roles of policy interventions and voluntary social...
Persistent link: https://www.econbiz.de/10013221957
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'3rd of Tha Month' : Do Social Security Recipients Smooth Consumption between Checks?
Stephens, Melvin - 2021
This paper examines the response of consumption expenditures to the monthly receipt of Social Security checks. Since the amount and arrival date of these checks are known to the recipients, the basic Life-Cycle/Permanent Income Hypothesis (LCPIH) predicts that consumption should not respond to...
Persistent link: https://www.econbiz.de/10013223050
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Cross-Sectional Dispersion of Risk in Trading Time
Andersen, Torben; Thyrsgaard, Martin; Todorov, Viktor - 2021
, while the time span of the data remains fixed, and the cross-sectional dimension is fixed or increasing. We derive a Central … Limit Theorem (CLT) for the cross-sectional beta dispersion at a point in time, enabling us to test whether this quantity … beta dispersion, as a function of time-of-day, changes across days. We extend this further by developing inference …
Persistent link: https://www.econbiz.de/10013224117
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The Timing, Intensity, and Composition of Interest Group Lobbying : An Analysis of Structural Policy Windows in the States
de Figueiredo, John M. - 2021
This is the first paper to statistically examine the timing of interest group lobbying. It introduces a theoretical framework based on recurring structural policy windows' and argues that these types of windows should have a large effect on the intensity and timing of interest group activity....
Persistent link: https://www.econbiz.de/10013224719
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Investor Inattention, Firm Reaction, and Friday Earnings Announcements
Della Vigna, Stefano; Pollet, Joshua M. - 2021
Do firms release news strategically in response to investor inattention? We consider news about earnings and analyze the response of returns to announcements on Friday and other weekdays. Friday announcements have less immediate and more delayed stock return response. The delayed response as a...
Persistent link: https://www.econbiz.de/10013225055
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On the Timing of Innovation in Stochastic Schumpeterian Growth Models
Barlevy, Gadi - 2021
Recent work has revived the Schumpeterian hypothesis that recessions facilitate innovation and growth. But a major source of productivity growth, research and development, is actually procyclical. This paper argues that while it is optimal to concentrate growth-enhancing activities in downturns,...
Persistent link: https://www.econbiz.de/10013229071
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Breakthrough Inventions and Migrating Clusters of Innovation
Kerr, William R. - 2021
We investigate the speed at which clusters of invention for a technology migrate spatially following breakthrough inventions. We identify breakthrough inventions as the top one percent of US inventions for a technology during 1975-1984 in terms of subsequent citations. Patenting growth is...
Persistent link: https://www.econbiz.de/10013240578