Nearly everyone experiences the death of a parent in adulthood, but little is known about the effects of parental death on adult children's labor market outcomes and the underlying mechanisms. In this paper, we utilize Danish administrative data to examine the effects of losing a parent on...

I examine the long-term valuation consequence of investment in mergers and acquisitions on acquiring firms through the “anticipation effect,” in which forward-looking prices embed investors' expectations about the profitability of firms' future acquisitions. Using a sample of firms with past...

Through which channels, physical or cognitive, can air pollution influence worker performance? This question has not been answered in the literature. Using a unique dataset on the performance of soccer players in China, we investigate the effect of air pollution on different performance...