Identifying factors that can explain cross-sectional asset returns is fundamental in asset pricing. We adopt a new automatic debiased machine learning method proposed by Chernozhukov, Newey, and Singh (2022) to robustly identify these factors and conduct statistical inference in a very high...

We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances that are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups....

We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances that are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups....