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作者：Aksoy, Billur; Carpenter, Christopher S.; Sansone, Dario
作者单位：Rensselaer Polytechnic Institute; Vanderbilt University; National Bureau of Economic Research; IZA Institute Labor Economics; University of Exeter
摘要：Using a double list experiment designed to elicit views free from social desirability bias, we find that support in the United States for transgender people in the labor market is significantly overreported by 8%-10%. After correcting for this overreporting, we still find that over two-thirds of respondents would be comfortable with a transgender manager and support employment nondiscrimination protection for transgender people. However, respondents severely underestimate this level of support...
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作者：Huang, Ruidi
作者单位：Southern Methodist University
摘要：This paper demonstrates the financial and real consequences of online review aggregators. Exploiting a regression discontinuity design that overcomes the endogenous relationship between Yelp reviews and Small Business Administration loan outcomes, I show that higher coarse Yelp ratings lead to improved loan terms and performance. Specifically, a one-half-star increase in Yelp ratings corresponds to a 25-basis-point decrease in loan spread and 6% lower collateral requirements. The effects are m...
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作者：Kim, Jihyeon; Byun, Heejung; Raffiee, Joseph
作者单位：Purdue University System; Purdue University; Purdue University System; Purdue University; University of Southern California
摘要：Stigma stemming from managerial scandals often spreads beyond the implicated transgressor and contaminates other actors via stigma by association. We study how associative stigma resulting from scandals involving managerial misconduct affects subordinate worker careers. We extend prior work by distinguishing between managerial misconduct in the professional domain from managerial misconduct in the personal domain and theorize that this distinction will affect the severity of associative stigma...
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作者：Kagan, Evgeny; Leider, Stephen; Sahin, Ozge
作者单位：Johns Hopkins University; University of Michigan System; University of Michigan
摘要：Characterizing behavior in sequential problems is often complicated by the presence of multiple decision rules with overlapping predictions. To address this issue, we introduce a new experimental and econometric approach for identifying decision strategies in sequential contexts. This approach consists of eliciting conditional strategies (as opposed to direct choices) and measuring policy adherence via maximum-likelihood estimation (as opposed to counting coincidences). Applying this approach ...
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作者：Cornaggia, Jess; Cornaggia, Kimberly J.; Xia, Han
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Texas System; University of Texas Dallas
摘要：We examine effects on productivity, employment, and debt outcomes among college students whose parents reside in areas that experience financial shocks caused by natural disasters. After shocks, treated students exhibit poorer academic performance. To boost the impaired grade point average, these students sacrifice educational content by withdrawing from more courses and enrolling in fewer STEM (Science, Technology, Engineering, Mathematics) courses. Effects are stronger for middle class stude...
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作者：Gulen, Huseyin; Jens, Candace E.; Page, T. Beau
作者单位：Purdue University System; Purdue University; Syracuse University
摘要：Answering causal questions with generalizable results is challenging. Estimators requiring pseudorandomization provide estimates with no bias (i.e., strong internal validity) but limited generalizability (i.e., weak external validity). Theoretically, causal forest, a nonparametric, machine learning-based matching estimator, can provide low-to-no-bias, generalizable estimates even when treatment is endogenous. We empirically compare the performance of ordinary least squares (OLS), regression di...
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作者：Hellmann, Thomas; Mostipan, Ilona; Vulkan, Nir
作者单位：University of Oxford; Analysis Group Inc.
摘要：Start-ups with female founders typically raise less money than their male counterparts. Prior literature explores investor demand and finds evidence of assortative matching, where investors prefer to invest in entrepreneurs of their own gender. In the context of equity crowdfunding, we examine the supply side of the gender funding gap, asking how female and male founders anticipate different investor demand. We develop an assortative matching theory that generates four benchmark predictions, n...
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作者：Tinn, Katrin
作者单位：McGill University; Centre for Economic Policy Research - UK
摘要：This paper considers introducing asymmetric privacy in the design of central bank digital currencies (CBDC) and digital currencies more generally to preserve the privacy of money spent while keeping the benefits of digital records for money received. It is shown that this feature would help minimize real distortions between consumers, firms, and financiers while enabling tax optimization and better access to external financing. Protecting the privacy of consumers is desirable from a welfare an...
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作者：Da, Zhi; Hua, Tian; Hung, Tim Chih-Ching; Peng, Lin
作者单位：University of Notre Dame; City University of New York (CUNY) System; Baruch College (CUNY); National Taiwan University; National Taiwan University
摘要：We provide novel evidence that aggregate investor attention to stocks predicts marketwide returns, but with a striking difference across investor clienteles. Daily aggregate retail attention (ARA) negatively predicts one-week-ahead market returns, is associated with aggregate retail order imbalance and flows to equity mutual funds, and exhibits a stronger predictability during periods of high marketwide uncertainty, poor liquidity, or more costly short selling. In contrast, aggregate instituti...
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作者：Gornall, Will; Gredil, Oleg R.; Howell, Sabrina T.; Liu, Xing; Sockin, Jason
作者单位：University of British Columbia; Tulane University; New York University; National Bureau of Economic Research; Tsinghua University; IZA Institute Labor Economics; Leibniz Association; Ifo Institut; Leibniz Association; Ifo Institut; Cornell University
摘要：We show that private equity leveraged buyouts reduce perceived job quality despite not impacting average base pay. This appears to reflect employees bearing more risk. Both job quality and employee incentive pay are more related to firm performance at private equity-owned companies than at public control firms with 1% higher deal rate of return associated with 0.7% more employee incentive pay. Deals with high leverage and employees with worse outside options fuel the declines in job satisfacti...
