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Bay State companies most in need left out of federal relief loan program
"...the Paycheck Protection Program had a bit of a design flaw. The hardest-hit sectors actually tended to receive the least amount of aid."
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Why even the most elite investors do dumb things when investing
“...even when we look at a sample of extremely talented, highly incentivized expert investors, they are still people."
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Unemployment today cuts deeper and lasts longer, driving rise in income risk
According to a new working paper by Assistant Prof. Lawrence D.W. Schmidt "income risk" is primarily a problem for college-educated people.
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Which workers suffer most when new technology arrives?
Leonid Kogan and Lawrence Schmidt devised a new way to measure how people's exposure to technology changed over time.
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Retirement incentives disproportionately benefit white, high-income workers
Hispanic and Black workers have stronger liquidity needs and may be more constrained by liquidity than their white counterparts.
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Black, Hispanic American workers' contributions to employer-sponsored retirement plans 40% lower than white workers': study
"Our findings suggest that there can actually be a deterrent effect in making these accounts illiquid."
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Is your company's 401(k) match unfair?
Employer contributions add up to 24% of the wealth in retirement plans, according to assistant professor Taha Choukhmane.
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How equitable are 401(k) plans?
"It's all about how much you can afford to contribute and how much you choose to contribute."
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How early 401(k) withdrawals widen the racial retirement gap
"The rate of early withdrawals among Black Americans is almost twice as high as among white workers. "
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The AI job cuts are here — or are they?
Amazon is likely able to automate jobs faster than most of its rivals because of its scale, said associate professor