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How Much Should We Trust Differences-in-Differences Estimates?
Most Difference-in-Difference (DD) papers rely on many years of data and focus on serially correlated outcomes. Yet almost all these papers ignore the bias in the estimated standard errors thatExpand
Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Much of our understanding of corporations builds on the idea that managers, when they are not closely monitored, will pursue goals that are not in shareholders’ interests. But what goals wouldExpand
Are CEOs Rewarded for Luck? The Ones Without Principals Are
The contracting view of CEO pay assumes that pay is used by shareholders to solve an agency problem. Simple models of the contracting view predict that pay should not be tied to luck, where luck isExpand
How Much Should We Trust Differences-in-Differences Estimates?
Most Difference-in-Difference (DD) papers rely on many years of data and focus on serially correlated outcomes. Yet almost all these papers ignore the bias in the estimated standard errors thatExpand
Ferreting Out Tunneling: An Application to Indian Business Groups
In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights.Expand
Inherent Trade-Offs in the Fair Determination of Risk Scores
TLDR
Some of the ways in which key notions of fairness are incompatible with each other are suggested, and hence a framework for thinking about the trade-offs between them is provided. Expand
Scarcity: Why Having Too Little Means So Much
Why can we never seem to keep on top of our workload, social diary or chores? Why does poverty persist around the world? Why do successful people do things at the last minute in a sudden rush ofExpand
Do People Mean What They Say? Implications for Subjective Survey Data
Many surveys contain a wealth of subjective questions that are at first glance rather exciting. Examples include "How important is leisure time to you?" "How satisfied are you with yourself?"; orExpand
Poverty Impedes Cognitive Function
TLDR
It is suggested that poverty-related concerns consume mental resources, leaving less for other tasks, because poverty itself reduces cognitive capacity. Expand
What's Advertising Content Worth? Evidence from a Consumer Credit Marketing Field Experiment
This brief summarizes what's advertising content worth? Evidence from a consumer credit marketing field experiment in South Africa. The bank offered loans with repayment periods ranging from 4 to 18Expand
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