Measuring Love with CEO Pay

From Tyler Cowen:

1. In Danish data, if a CEO's child dies, the value of that CEO's company falls by one-fifth in the following two years.

2. If a CEO's wife dies, the value of that CEO's company falls by fifteen percent.

3. If a CEO's mother-in-law dies, the value of that CEO's company rises slightly.

The moral is simple: grief is debilitating, or at least distracting. Read the original paper here.


More like this

Just in time for Mother’s Day comes more good news from the Affordable Care Act: the rate of uninsured moms caring for kids younger than 19 has dropped to its lowest rate in nearly 20 years. According to a new analysis from the Urban Institute released this month, the rate of uninsured moms fell 3.…
by Kim Krisberg It's often noted that immigrants to the United States experience a decline in health after adopting American lifestyle habits. However, a recent study has found that new immigrants might not be arriving in such good health after all. Published in the December issue of Health Affairs…
Most families have some set of stories they tell each other over and over again. Generally people think they are just getting together and sharing a good laugh over a funny story, or a hardship turned into laughter with the passage of time. But repeating these stock fables is a way of telling the…
In the whirlwind that is my life this summer, I have not been able read or review The Silent Deep. For a general primer on the deep sea, I often reach for and recommend Gage and Tyler's Deep-Sea Biology. Since 1992 it has been a bible for our field. However, in the last 15 years major…

Heh. You got blurbed over at Tyler Cowen.

You touch economics, he touches Proust.