Results 121 to 130 of about 207 (176)

The End of DEI

open access: yesFinancial Management, EarlyView.
ABSTRACT Diversity, equity, and inclusion (DEI) is one of the most polarizing issues in business and society. Advocates claim that DEI enhances fairness, while critics argue it undermines meritocracy. The problems often stem from the practice of DEI—reducing it to demographic diversity—rather than its principle.
Alex Edmans
wiley   +1 more source

When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley   +1 more source

The Decentralization of Liquor Policies in Texas During the Post‐Prohibition Era

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We examine the decentralization of liquor policies in Texas during the Post‐Prohibition era using newly collected historical legislative roll call data. By combining these data with local referendum vote shares, we analyze both legislators' and constituents' preferences on liquor policy.
Andrew Arnold, Holger Sieg
wiley   +1 more source

Rational Expectations Fools' Bubbles

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We develop a rational, Walrasian model of speculative bubbles inspired by the Kindleberger–Minsky view, which describes bubbles as wave‐like market processes. Touched off by an initial shock, price booms are initially self‐reinforcing but become self‐destructive later when prices surpass fundamental value.
Luis Araujo, Antonio Doblas‐Madrid
wiley   +1 more source

Nature-Inspired Intelligent Computing: A Comprehensive Survey. [PDF]

open access: yesResearch (Wash D C)
Jiao L   +9 more
europepmc   +1 more source

Cross‐Prudence and Optimal Prevention

open access: yesInternational Economic Review, EarlyView.
ABSTRACT In this paper, we study optimal prevention in the presence of a correlated nonfinancial background risk. Under positive correlation, cross‐prudence in the nonfinancial attribute reduces optimal prevention. We establish this result in the most direct extension of the standard prevention problem with binary marginal distributions and show that ...
Jingyuan Li, Richard Peter, Lin Zhou
wiley   +1 more source

The Dynamics of Gender Norms and Fertility Decline

open access: yesInternational Economic Review, EarlyView.
ABSTRACT This paper models fertility as the outcome of gender‐biased technological progress interacting with endogenous social norms governing childcare. When rising female wages outpace norm adjustment, the inherited norm makes reallocating childcare toward fathers costly, so mothers bear a disproportionate burden and the shadow price of children ...
Xican Xi, Anson Zhou
wiley   +1 more source

Home - About - Disclaimer - Privacy