19 September 2018
In an analysis of job-leaving decisions at a large U.S. retailer that workers say were wage-based, Arindrajit Dube
, Laura Giuliano
, and Jonathan Leonard
find that decisions to quit are driven by comparisons with higher-paid peers, suggesting concerns about fairness.
18 September 2018
In a randomized controlled experiment in two full-service restaurants, customers given menus with calorie counts ordered 3 percent fewer calories than customers using menus without the counts, John Cawley
, Alex Susskind
, and Barton Willage
report. Exposure to the information increased consumers’ support for requiring calorie labels by 9.6 percent.
17 September 2018
Return heterogeneity increases equity wealth inequality among Indian investor, according to a study by John Y. Campbell
, Tarun Ramadorai
, and Benjamin Ranish
. This occurs both because there are many undiversified accounts, some of which experience outsize and some of which experience poor returns, and because on average large accounts are better diversified.