Using the staggered adoption of US state-level Paid Family Leave (PFL) acts, we find that lowering labor market frictions for female workers leads to...
The dominant agency-cost paradigm for the analysis of corporate law is based on the
proposition that the welfare of society is best met by rules which...
We develop a model of the market for knowledge workers in which talent is discovered on the job. In the model, asymmetric information and firm-specific...
Corporate law primarily operates to reduce agency costs, but it also has an important role to play in protecting society from social harms resulting from...