Jeffrey R. Brown

TL;DR: In contrast to the dominant wage-premia approach to calculating the returns to education, which implicitly ignores risk, the authors evaluate the returns by treating the value of human capital as the price of a non-tradable risky asset.

TL;DR: APTA American Public Transportation Association, the lobbying organization for transit agencies in the USA CBD Central business district FRA Federal Railroad Administration, a division of the US Department of Transportation FTA Federal Transit Administration and MTDB The San Diego Metropolitan Transit Development Board, which planned and built light rail in the San Diego region but which organized a Verkehrsverbund arrangement (of which it was the centralized coordinating body) to operate all transit services in its jurisdiction PCC Presidents' Conference Committee, which conducted basic research to develop a radical new streetcar design between the late 1920s and mid-

TL;DR: This article studied the empirical determinants of intertemporal choice by analyzing a unique decision Croatian retirees made recently about whether to accept an immediate pension payment or a larger stream of delayed payments.

TL;DR: In this paper, the authors focus on two universes of generally liquid stocks (chosen because they are a primary focus of U.S. institutional investors such as mutual fund managers and pension fund managers), the stocks that make up the Standard & Poor's (S&P) 500 Index, and a broader index of the top 1,000 stocks measured by market capitalization (closely mimicking the Russell 1000 Index stocks).