One fundamental principle of financial markets is the relationship between risk and return. This tenet is reflected in the Capital Asset Pricing Model (CAPM), the workhorse of security pricing, where the return required by investors is measured by adding the risk free rate (such as a treasury bond) to a market risk premium, adjusted for … Continue reading
During his State of the Union, President Obama’s call to raise the minimum wage generated enough buzz that congressional Republicans were barely to the steps of the capital building before they were voicing concern. Despite the surging popularity of this proposition, new research suggests that minimum wage increases may not benefit employees as matter-of-factly as … Continue reading
Policy Interns 