Data breach incidents result in severe financial loss and reputational damage, which raises the importance of using insurance to manage and mitigate cyber related risks. We analyze data breach chronology collected by Privacy Rights Clearinghouse (PRC) since 2001 and propose a Bayesian...

Can higher minimum wages motivate workers to work harder? If so, what are the effects of workers’ on-the-job effort responses on the labor market outcomes? To answer these questions, we apply a model with directed on-the-job search and dynamic incentive contracts in a frictional labor market....