Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower
A study finds unexpected impact when a disruptive player enters market
The Deterrent Effect of Ignition Interlock Devices — Before They’re Even Installed
Adding a car breathalyzer to existing penalties could substantially discourage drunken driving
Quick Quiz — Then on to Our Zoom Lecture
Welcome to UCLA Anderson Review's quiz, in which we aim to extract business and life lessons from faculty research we cover each month.
How Local Governance Came to England’s Economy
Nico Voigtländer found that to combat arbitrary taxes and corruption, merchants persuaded the king to cede control
Bringing a Sharper Focus to the Study of the Decline of Investment Diversification
Research measures the impact of global economic factors on returns
Being Passionate About Your Job Works … If You’re a Man
When being evaluated for ‘high potential’ programs, men are rewarded for showing emotion — women are penalized
How Life Insurers Insulate the Markets from Turmoil
Valentin Haddad’s research finds that insurers’ patient investing shields risky assets — and those who hold them — from steeper declines
The Strange Case of the Missing Stock Market Return
Investors in leveraged companies take on extra risk, but research indicates they see no offsetting return
New Technology Lifted Pay, Especially for the Bosses
Top executives saw much larger gains after broadband adoption than the workers below them
$52.6 Billion: Extra Cost to Consumers of Add-On Drug Patents
The figure is a subset, not covering huge expense of extended patents on high-priced biologics like Humira
Largest Firms’ Stock Gains Skew Big Picture on Worker-Owner Income Division
Wage earners get larger (relative) share at smaller companies, not at giants like Apple, Alphabet and Amazon
Why Rising Stocks Sometimes Reverse, Then Rally
Cultural differences and investor behavior can drive reversals and momentum
Oversight of Borrowed Money Creates Animosity
Friends lending to friends, taxpayers bailing out businesses feel it’s still their money and have opinions on how it’s spent
Quick Quiz — Stuff You Might Know
Academic medical centers, French elections and Chinese garment workers
How Far Would You Go for an Ivy League Kid?
Study finds interest in screening embryos for education propensity, especially if everyone else is doing it
One Way the Stock Market Sends Signals to Bond Traders
Thin stock trading, amid both price volatility and a period of potential economic change, leads bond investors to seek a higher yield