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The gender pay gap is one of the central themes of inequality in the workplace and remains at the heart of the political and social debate. Almost all prior executive pay studies focus on a geographic region or industry to uncover gender pay differences. Since firms differ in size and industry,...
Survey data from 2018 indicate that people accessing 401(k) funds prior to retirement through loans or hardship distributions tend to have other debts and poor credit ratings. The tendency for people with weak household balance sheets to tap 401(k) funds prior to retirement will increase the...
Barriers to entering the field of invention have led to negative outcomes for individuals and for the economy. We built a vibrant middle class in the post-war era because we started to tear down many of the barriers that had kept women of all races and men of color from contributing their full...
This article builds on industry data and a unique dataset of small and medium-sized merchants to provide insights into the acquirer-merchant market in Canada. Three main findings are presented. First, smaller merchants pay their acquirer more for every dollar of card payment than larger...
A correction to this paper has been published: https://doi.org/10.1057/s11369-021-00219-2
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