Results 241 to 250 of about 259,127 (311)

Subtle Discrimination

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We introduce the concept of subtle discrimination—biased acts that cannot be objectively ascertained as discriminatory. When candidates compete for promotions by investing in skills, firms' subtle biases induce discriminated candidates to overinvest when promotions are low‐stakes (to distinguish themselves from favored candidates) but ...
ELENA S. PIKULINA, DANIEL FERREIRA
wiley   +1 more source

Asset Pricing and Risk‐Sharing Implications of Alternative Pension Plan Systems

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We show that incorporating defined benefit pension funds in an incomplete markets asset pricing model improves its ability to match the historical equity premium and riskless rate and has important risk‐sharing implications. We document the importance of the pension fund's size and asset demands, and a new risk channel arising from ...
NUNO COIMBRA   +3 more
wiley   +1 more source

Second Chance: Life with Less Student Debt

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We exploit an episode of plausibly random debt discharge due to the loss of paperwork for thousands of defaulted borrowers to examine the effects of private student debt relief on borrower outcomes. We find that borrowers who receive debt relief (treated) experience declines in debt balances and delinquency rates on other accounts, and ...
MARCO DI MAGGIO   +2 more
wiley   +1 more source

Panel Discussion: Subprime Mortgage Meltdown and the Global Financial Crisis [PDF]

open access: yes, 2008
Cohen, Steven M.   +9 more
core   +1 more source

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