Many college and university 403(b) plans restrict investment choices to the funds offered by TIAA-CREF, the current manager of over half of all 403(b) contributions. In the face of 2006 Internal Revenue Code changes some sponsors are dropping alternatives to TIAA-CREF. Using historical data, we...

We provide evidence that bears on the impact of deregulation that removes impediments to integration of investment banking and commercial banking functions. At issue is whether close relationships between commercial banks and investment banks give rise to conflicts of interest and enhanced...

We use a sample of JASDAQ IPOs to study the effects of public information on offer price formation, initial returns, and long-run returns. Underwriters begin reporting anticipated offer prices of Japanese IPOs at an earlier point than in the US. The observable portion of the price formation...

This paper estimates the impact of male immigration on wages and employment of native-born male workers. The papers contribution to the existing literature is the introduction of explicit controls for native net internal migration. The results suggest that migration controls are significant and...

This article tests for the existence of nationality discrimination in the English professional soccer league. Although wage equations have typically been used by labor economists to identify discrimination, the approach may be plagued by unobserved productivity characteristics that are...