Research

Are Large Institutional Investors Actually Effective in Getting Companies to Reduce Their CO2 Emissions?

Large institutional investors have been accused of not doing enough to reduce CO2 emissions. However, a new study finds that firms like BlackRock, Vanguard, and State...

Income-Driven Repayment Provides a Way to Offer Student Loan Forgiveness to Those Who Need It the Most

Direct loan cancellation is not the only policy option to lower student debt. If policymakers want more targeted loan forgiveness, aimed at lower income individuals, there...

Barking Up the Right Tree: How Shareholder Activists Raise Issues to Placate Large Mutual Funds

A new paper examines whether shareholder activists tailor their campaigns to persuade large institutional investors and finds that in proxy communications, activists use phrases...

Covid-19 Surges Drive Up Demand – and Pay – For Nurses Willing To Travel

Covid-19 surges have led to spikes in demand for short-term nurses across the United States. A new paper finds nurses travel longer distances, and are more...

Judges Who Use Economic Reasoning in Court Decisions Rule In Favor of Business More Often

A new paper finds that judges who attended law schools with a strong law-and-economics intellectual environment use more economic reasoning, which is positively correlated with a higher...

Reversing the “Resource Curse” with Foreign Corruption Regulation

Anti-corruption regulation originating in developed countries is effective in changing corporate behavior and has a positive economic impact on developing countries. Countries with large natural-resource endowments are often...

The Covid-19 Vaccine is Nearly Here. The Question is: Will People Take It?

In addition to the challenges involved in manufacturing and distributing the new Covid vaccine from Pfizer, the reluctance of many Americans to take a...

The “Turbulent Twenties” Are Just Beginning

Years ago, two academics predicted that an increase in economic inequality would lead to a period of political instability in 2020. Since then, the...

Covid-19 Is Reducing Americans’ Confidence Across Institutions

Latest US household survey findings reveal that the Covid-19 crisis caused a sharp reduction in Americans’ confidence in institutions—whether or not they were directly...

Defying Expectations, Bankruptcy Filings Are Down During the Covid-19 Crisis So Far

Historically, bankruptcy filings have closely tracked the business cycle and unemployment rates. However, a recent study found that this relationship has reversed during the...

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