The Effect of Marriage on the Wages of Americans: Gender and Generational Differences
By William Song and Theresa Tong A substantial body of literature on the wage effects of marriage finds that married American men earn anywhere from 10% to 40% higher wages than unmarried men on average, while married American women earn up to 7% less than unmarried women, even after controlling for traits such as background, […]
The Decision to Marry of Cohabit and Economic Crises
By Jennifer Garand This paper aims to investigate the relationship between peoples’ decisions to marry or cohabit and their economic circumstances – both personal, as measured by their employment status, and peripheral, as measured by the unemployment rate in their local county. This paper will look at the role economic factors, as well as demographic and personal factors, play in the decision of whether or not to marry, cohabit, […]
Tying the Knot: Links Between the Labor and Marriage Markets
By Shafiq Haris, Alexander Prezioso, Michael Temple, Logan Turner, Kevin Zipf, Elizabeth Di Giulio, and Joseph Ueland This paper analyzes the impact of exogenous shifts in the labor market on the marriage market. The relationship between these two markets is complicated by their reverse causality. That is to say, labor market decisions play into marriage […]
Gender Equality as a Result of Offering Employee Benefit Policies
By Meghan Mcaneny In this study, I investigate the relationship between the percentage of women in leadership in a company and its employee benefits. This paper uses data on individual firms’ benefits such as paid parental leave, familial support, and flexibility arrangements. Using OLS, I conclude that benefits that shift familial burdens from women to men, specifically paid paternity leave, result in more women in leadership. This creates an even playing field for women to be promoted as the company environment […]
The Impact of Macroeconomic Surprises on Mergers & Acquisitions for Real Estate Investment Trusts
By John Battinelli and John Reid This paper examines the impact of various macroeconomics and real estate specific surprises on M&A transactions involving Real Estate Investment Trust. The 2008 financial crisis drastically affected merger & acquisitions activity, especially within the real estate market. The number of M&A transactions involving Real Estate Investment Trusts were very […]
The Hidden Costs of Central Bank Borrowing
By Shane Hunt This paper explores a previously overlooked unintended consequence of a private bank accepting Central Bank loans as a lender of last resort. Applying the basic Markowitz Security Model, I explore the potential effect of a private bank accepting a Central Bank loan as a signal of increased risk of investment in that […]
Auctions as an Alternative to Book Building in the IPO Process: An Examination of Underpricing for Large Firms in France
By John Mekjian A relevant factor in determining the quality of an initial public offering (IPO) mechanism is the level and variability of underpricing that occurs. The percentage difference between the IPO price and the closing price after one day of trading is a common way to define the “underpricing” of the stock. Although companies […]
Job Choices, Flexibility and Maternal Labor Force Participation
By Samantha Cox While there are countless studies concerning the effects of various variables on female labor force participation, there are still many unexamined intricacies involved in a woman’s choice to enter, re-enter or leave the work force. This paper attempts to extend on previous research and examine how the flexibility of a woman’s job […]
A Further Exploration of Reverse Takeovers as an Alternative to Initial Public Offerings
By Matt LoSardo and Zhunliang Zhu In theory a reverse takeover (RTO) should be a viable alternative to initial public offerings (IPO) for private companies looking to access the public capital markets. Since the IPO process can be very timely and include significant costs, both direct and indirect, we analyze reverse takeovers as an alternative […]
