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Kristopher Gerardi and Yuping Tsai
Working Paper 2010-15 (September)
Studying the introduction of a Taiwanese social security program, the authors find that the probability of an adult child providing monetary transfers to his or her parents decreases substantially if the parents receive public assistance.
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Ramon P. DeGennaro and Gerald P. Dwyer
Working Paper 2010-14 (August)
Angel investors fund thousands of entrepreneurial projects annually. The authors' estimates indicate that the expected return for doing so is about 70 percent per year, compensating for the substantial risk.
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Shutao Cao, Enchuan Shao, and Pedro Silos
Working Paper 2010-13 (August)
The authors provide a theory of why firms offer both employment contracts with high job protection and contracts with no protection. Using that theory, they find that increasing firing costs can increase wage inequality.
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Fascinating facts about current and historic U.S. money, including security features, how to spot a counterfeit, and more
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This quarterly economic and business magazine features articles on regional, national, and international issues; interviews with subject matter experts; and highlights of regional data and analysis.
Learn moreListen up! In interviews and speeches, experts discuss today's topics in the economy, banking, finance, and more.
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