Distribution of boardroom ideologies

When Two Tribes Go To Work: Board Political Diversity and Firm Performance

European Journal of Political Economy Analysing the effects of ideological diversity in boardrooms, we find a positive correlation with firm performance. However, the causal effect is instead negative, even excluding top management. The implications are discussed in light of growing polarization.

June 2020 · James Rockey, Nadia Zakir
Optimal stimulus spending during the Great Recession in the United States

Losing Money on the Margin

Journal of Economic Behavior and Organization Margin calls limit the losses of margin-traders. This study shows these induce lower returns with lottery-like skewness. Analyzing Chinese brokerage data, we observe significant losses for margin traders, suggesting a reevaluation of regulation.

May 2019 · Daniel Ladley, Guanqing Liu, James Rockey
Distributions of Posterior Inclusion Probabilities across data sets

Growth Econometrics for Agnostics and True Believers

European Economic Review Bayesian Model Averaging has been widely used to address model uncertainty in empirical studies of economic growth. Ciccone and Jarociński (2010) highlighted its sensitivity to the data used. Using updated PWT data, this study meticulously revisits their critique and introduces a constrained agnosticism approach.

January 2016 · James Rockey, Jonathan Temple
Effect of unemployment insurance on labor market tightness across matching models

Ideology and the Size of US State Government

Public Choice Paper posits ideology’s effect on US state government size intensifies with state income. Ideology-income interaction drives government size; left-leaning ideologies expand government as income increases. Income elasticities vary by state and time, supporting the theory.

October 2012 · Andrew Pickering, James Rockey
Matching structure and solution of the model of aggregate demand and idle time

Reconsidering the Fiscal Effects of Constitutions

European Journal of Political Economy This paper reevaluates Persson and Tabellini’s analysis of the impact of constitution type on government size, improving methodological refinements. The age of a democracy is crucial, leading to the introduction of two new democracy age measures.

September 2012 · James Rockey
Fertility affects mate preferences

Women's behavioural engagement with a masculine male heightens during the fertile window: Evidence for the cycle shift hypothesis

Evolution and Human Behaviour Study suggests fertile women prefer masculine men, shown in a quiz-show experiment where host masculinity varied. Fertile women showed increased romantic attraction and faster responses to masculine hosts, supporting Gangestad and Thornhill’s hypothesis.

July 2012 · Heather D. Flowe, Elizabeth Swords, James C. Rockey
Marginal Effect of Ideology on Government Spending Conditional on Income per Capita

Ideology and the Growth of Government

Review of Economics and Statistics A simple extension of the Meltzer-Richard model implies that redistribution an public spending depends on income, the identity of the median voter, and their interaction. Using manifesto data, we show the interaction of ideology and mean income has a major role in explaining the increase and divergence in government size observed across OECD countries.

August 2011 · Andrew Pickering, James Rockey