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Full-Text Articles in Social and Behavioral Sciences
Gender, Marriage, And Asset Accumulation In The United States, Lucie Schmidt, Purvi Sevak
Gender, Marriage, And Asset Accumulation In The United States, Lucie Schmidt, Purvi Sevak
Economics: Faculty Publications
Wealth accumulation has important implications for the relative well-being of households. This article describes how household wealth in the United States varies by gender and family type. Evidence is found of large differences in observed wealth between single-female-headed households and married couples. Although some of this gap reflects differences in observable characteristics correlated with gender and wealth - such as position in the life cycle, education, and family earnings - controlling for these characteristics reduces but does not eliminate the estimated wealth gap. The wealth holdings of single females in the US, controlling for these same characteristics, are also significantly …
Whose Money? Whose Time? A Nonparametric Approach To Modeling Time Spent On Housework, Sanjiv Gupta, Michael Ash
Whose Money? Whose Time? A Nonparametric Approach To Modeling Time Spent On Housework, Sanjiv Gupta, Michael Ash
Economics Department Working Paper Series
We argue that earlier quantitative research on the relationship between heterosexual partners’ earnings and time spent on housework has two basic flaws. First, it has focused on the effects of women’s shares of couples’ total earnings on their housework, and has not considered the simpler possibility of an association between women’s absolute earnings and housework. Consequently it has relied on unsupported theoretical restrictions in the modeling. We adopt a flexible, nonparametric approach that does not impose the polynomial specifications on the data that characterize the two dominant models of the relationship between earnings and housework, the “economic exchange” and “gender …
The "Duty" To Be A Rational Shareholder, David A. Hoffman
The "Duty" To Be A Rational Shareholder, David A. Hoffman
All Faculty Scholarship
How and when do courts determine that corporate disclosures are actionable under the federal securities laws? The applicable standard is materiality: would a (mythical) reasonable investor have considered a given disclosure important. As I establish through empirical and statistical testing of approximately 500 cases analyzing the materiality standard, judicial findings of immateriality are remarkably common, and have been stable over time. Materiality's scope results in the dismissal of a large number of claims, and creates a set of cases in which courts attempt to explain and defend their vision of who is, and is not, a reasonable investor. Thus, materiality …