With city contributions totaling $37 billion in 2018, or 6 percent of tax revenue, TRS has two important characteristics that distinguish it from most other public pension plans in the nation.
Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we understand these decisions is the subject of a new perspective piece in Nature Physics that aims to correct a foundational mistake in economic theory.
How risky is travel in the US? It gets tricky. Despite a lot of research on the dangers of traffic injury and death, there's a lack of clarity on the role of the built environment (roadway designs and adjoining development) and its risk effects. Before we can know how risky a given built environment is, we have to know how many people are traveling there, and in many cases, for pedestrians and cyclists, this data is not available.
Conventional wisdom indicates that market discipline and transparency ensures that financial data of public firms are more reliable for potential investors than financial reports from private companies. Contrary to this widely-held belief, new research from Bocconi University , NYU Stern School of Business and University of Bolzano finds that when comparing European public firms against private firms with similar organizational structures, private firms provide a higher 'earnings quality', a measure of reliability of financial statements.
Banks face financial risks and uncertainty when deciding when to chase consumers who default on their credit card payments and when to let them go. A new study from the McCombs School of Business at The University of Texas at Austin analyzes delinquent credit card user behaviors and develops a predictive model for sorting them into categories based on whether they are more or less likely to pay back their overdue debt.
University researchers and industry practitioners have developed lists of 'top tips' for businesses and academics to foster better relationships that could potentially benefit all parties.
A novel new way of determining the value of employee stock options has yielded some surprising insights: Options granted to woman and senior managers are worth more because they hold them longer. And options that vest annually rather than monthly are worth more for the same reason.
Declining life expectancies in the US include Gen X and Y Americans, in addition to the older Baby Boomers. But the causes of premature mortality vary by race, gender and ethnicity, according to a new study from Duke University. The researchers examined data from the Centers for Disease Control and Prevention Mortality Multiple Cause Files for the years 1990-2016.
There are two major shapes of bacteria, i.e., rod-shape and spherical shape. The genus Deinococcus consists of rod-shape and spherical shape species.
New study finds there's real skill in fantasy sports.