The August issue of RCFS has published! It is a Special Issue on “Discrimination, Disparity, and Diversity in Finance.” The Editor’s Choice paper is: Does Homeownership Reduce Wealth Disparities for Low-Income and Minority Households? Ashleigh Eldemire, Kimberly F. Luchtenberg, and Matthew M. Wynter The introduction is: “Discrimination, Disparities, and Diversity in Finance” Andrew Ellul, Isil Erel, Camelia Kuhnen, Uday Rajan, editors
“Energy Transitions and Household Finance: Evidence from U.S. Coal Mining” by Ding Du and Stephen A. Karolyi
“Managerial Entrenchment and the Market for Talent” by Fabio Feriozzi
Donor-advised funds (DAFs), important vehicles for philanthropic giving in the United States, have grown significantly in the recent past and continue to do so. DAFs are different from traditional charities because of the inherent flexibility contained in their structures. Of particular importance is the possibility given to donors to “give now, decide later.” In the RCFS paper “Social Change through Financial Innovation: Evidence from Donor-Advised Funds,” Jillian Grennan uses a… Read More »Paper Spotlight: Social Change through Financial Innovation: Evidence from Donor-Advised Funds
The reasons that can explain the very important issue of gender disparities in labor market outcomes are still quite nebulous. To remove such disparities we need first to understand the sources of women’s differential labor market outcomes. Differences in human capital have been found lacking in explaining observed differences. Recent developments in the literature point to three potential factors: gender differences in preferences, structure of work that can differentially impact… Read More »Paper Spotlight: What’s Good for Women Is Good for Science: Evidence from the American Finance Association
As migration across countries and continents has continued to rise, societies must ask whether these new members of their communities are suffering from lower access to finance due to a trust gap arising from cultural differences. There is ample evidence showing that cultural differences have an important effect on economic outcomes, and they do so through two different channels. First, there could be… Read More »Paper Spotlight: Culture, Lending Relationships, and the Cost of Credit
The winners of the best paper awards at the CSEF-RCFS Conference on Finance, Labor, and Inequality are: “Owner Culture and Pay Inequality within Firms,” by Jan Bena, Guangli Lu, and Iris Wang “Can the Unemployed Borrow? Implications for Public Insurance,” by J. Carter Braxton, Gordon Phillips, and Kyle Herkenhoff “Early exposure to entrepreneurship and the creation of female entrepreneurs,” by Mikkel Baggesgaard Mertz, Maddalena Ronchi, and Viola Salvestrini The program… Read More »Best Paper Awards at CSEF-RCFS Conference on Labor, Finance, and Inequality
Various studies provide evidence of racial and ethnic disparities in residential mortgage lending, and show that minorities face a higher probability of being denied a mortgage and a higher cost of capital when they are approved for one. In “Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time,” Bin Wei and Feng Zhao investigate a dimension about which very little is known, the time to process a loan… Read More »Paper Spotlight: Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time
We are grateful to our retiring associate editors: Carola Frydman Victoria Ivashina Daniel Paravisini And we welcome our incoming associate editors: Amil Dasgupta (London School of Economics) Sabrina Howell (New York University) Rawley Heimer (Boston College) Constantine Yannelis (Chicago Booth School of Business) Ayako Yasuda (UC Davis) Alminas Zaldokas (Hong Kong University of Science and Technology) Changes are effective July 1.
Fostering diversity implies inclusiveness and support of LGBTQ+ communities. LGBTQ+ issues have been the subject of deep and polarized debates in the wider society. Corporations, being an integral component of society, need to make important choices on this polarizing topic. It should be no surprise that the corporate world has produced examples of firms that have been open about their support to the LGBTQ+ community… Read More »Paper Spotlight: Determinants of LGBTQ+ Corporate Policies
