RCFS News

“Equity Issuance Methods and Dilution” by Mike Burkart and Hongda Zhong “Delegated Investment Management in Alternative Assets” by Aleksandar  Andonov

              The gender pay gap is one glaring example of discrimination. Some states, though, have adopted salary history bans to limit the perpetuation of previous discrimination. In the presence of salary history bans, employers cannot request and utilize a job candidate’s previous salary information. However, such bans have a possible unintended consequence: preventing potential employers from being able to observe worker productivity—that is, blocking… Read More »Paper Spotlight: Hidden Performance: Salary History Bans and the Gender Pay Gap

RCFS Executive Editor Andrew Ellul was interviewed for the Publishing in Finance: Fireside Chats with Journal Editors webinar series. The interviewers were Lea Stern (University of Washington) and Elena Simintzi (University of North Carolina at Chapel Hill). The video is available to watch online – simply click here and scroll to May 18, 2022, Session 3.

                Wealth inequality has significantly widened in the U.S. over the last few decades. One way that wealth is built is through homeownership. Expanding homeownership among low-income and minority groups is seen as an important public policy in the U.S. to tackle the wealth gap. But how important is homeownership in tackling wealth inequality? Ashleigh Eldemire, Kimberly F. Luchtenberg, and Matthew M. Wynter… Read More »Paper Spotlight: Does Homeownership Reduce Wealth Disparities for Low-Income and Minority Households?

The winners of the annual RCFS Awards were announced at the Awards Reception on May 23 as part of the SFS Cavalcade. We are pleased to share the winners: Best Paper Award “Wages and Firm Performance: Evidence from the 2008 Financial Crisis” Paige Ouimet and Elena Simintzi Prize: $10,000 Referee of the Year Jessica Jeffers Prize: $1000 Rising Scholar Award (tie) Michael D. Wittry for “Crisis Poison Pills” by Ofer Eldar and Michael D.… Read More »Winners of the RCFS Awards

The program for the CSEF-RCFS Conference on Finance, Labor, and Inequality is now available on the conference website. The conference will take place June 17-18, 2022, at the Mario Cacace Multimedia Center in Anacapri (Capri), Italy.

Nudges have long been recognized as devices that can influence individuals to take positive actions. Because they are relatively cheap to implement, effective nudges can be a useful policy tool. But can nudges lead to or even exacerbate differences in outcomes across different groups of people? In “The Disparate Effect of Nudges on Minority Groups,” Maya Haran Rosen and Orly Sade explore this question in the context of the Savings… Read More »Paper Spotlight: The Disparate Effect of Nudges on Minority Groups

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

“Credit Environment and Small Business Dynamics: Evidence from Establishment-Level Data” by Chen Lin, Mingzhu Tai, and Wensi Xie