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July 29, 2013 Women Are Less Likely to Marry After Winning the LotteryWinning $25,000 or more in a state lottery reduces single women's likelihood of marrying within the next three years by 40%, say Mark Hoekstra of the University of Pittsburgh and Scott Hankins of the University of Kentucky. A big windfall may reduce marriage's risk-sharing benefits for women, or it may make single life attractive in other ways, the researchers suggest. There's no such effect on men's marriage rates, nor does winning the lottery prompt women (or men) to divorce at higher rates. SOURCE: Lucky in Life, Unlucky in Love? The Effect of Random Income Shocks on Marriage and Divorce |
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FEATURED PRODUCTHow CEOs Can Fix CapitalismHBR SingleThe financial crisis of 2008 and the Great Recession caused a crisis of public confidence in business and American-style capitalism, with its focus on maximizing shareholder value. Corporate leaders understood that reform was needed and that they needed to commit themselves to the dual goal of producing benefits for society and their firms' bottom lines--to creating "shared value." But the specific actions they could take to bring about this change were less clear. This ebook offers some of the freshest thinking today on practical measures that businesses can implement to create shared value. The authors of this collection of short articles include current or former CEOs, such as Howard Schultz of Starbucks and Dominic Barton of McKinsey & Company, and an array of prominent academics and other thought leaders, including Roger Martin of the University of Toronto and Jeffrey Pfeffer of Stanford. Buy It Now |
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