The covid‐19 pandemic induced a major shift in the prevalence of remote and hybrid work
arrangements. This review article studies the effects of this remote work revolution for …

The past two decades have seen a rapid increase in Private Equity (PE) investment in
healthcare, a sector in which intensive government subsidy and market frictions could lead …

This article reviews empirical methods to assess risk and return in private equity. I discuss
data and econometric issues for fund-level, deal-level, and publicly traded partnerships …

Financial wealth inequality and long-term real interest rates track each other closely over the
post-war period. Faced with unanticipated lower real rates, households which rely more on …

The government budget constraint ties the market value of government debt to the expected
present discounted value of fiscal surpluses. We find evidence that US Treasury investors …

We use a large cross section of equity returns to estimate a rich affine model of equity prices,
dividends, returns, and their dynamics. Our model prices dividend strips of the market and …

Institutional investors expect infrastructure to deliver long-term stable returns but gain
exposure to infrastructure predominantly through finite-horizon closed private funds. The …

We provide the first analysis of the risk exposure and risk-adjusted performance of impact
investing funds, private market funds with dual financial and social goals. We introduce a …

We disentangle the effects of treatment, selection, and financial engineering on investor
returns in private equity deals using a narrative approach for identification. Exploiting …

We propose a simple and intuitive measure of the annualized excess return of investments
in private equity (PE) funds, as well as in similar vehicles that hold hard-to-values assets …