Using a unique, detailed panel dataset of lodging properties, this paper tests whether properties owned by Real Estate Investment Trusts (REITs) perform differently than other properties and whether the concentration of real estate ownership brought about by REITs has increased market power. Our...

Deteriorating financial market conditions in 2008 intensified the debate over the ability of 401(k) plans to provide retirement income. This paper simulates the effects of the market crash of 2008 for 401(k) plan participants of various ages, earnings levels, and portfolios. Because Social...