Among this paper’s contributions is evidence that different types of pay disparity matter in different ways to firm employees, and that disparity created by pay that is unrelated to the economics of the firm negatively impacts employee satisfaction, with consequences for firm performance. The paper also gives investors and proxy advisors a roadmap to interpret pay ratios and pay disparity. This roadmap may help regulators and firms to, respectively, mandate and prepare more informative disclosures.

Japan’s attack on Pearl Harbor in 1941 drew the United States into World War II and spawned a massive wave of shock and fear across the country. It also prompted the U.S. government to round up and send more than 100,000 Japanese-Americans to internment camps.

Scholars have long studied this dark chapter in American history and its denial of basic freedoms, but until recently little was known about the long-term economic effects on the lives of the people who were interned, their businesses, homes, and possessions hastily left behind.

Harvard economist Daniel Shoag and

A bipartisan group of lawmakers is working to address flaws in the Affordable Care Act while President Trump, upset at the failure of repeal and replace, threatens to gut the law by cutting subsidies to insurers. Republican leaders, meanwhile, seem intent on moving on to other legislative priorities.

David Cutler is the Otto Eckstein Professor of Applied Economics in

Joshua Buckholtz wants to change the way you think about psychopaths — and he’s willing to go to prison to do it.

An associate professor of psychology at Harvard, Buckholtz is the senior author of a study that relies on brain scans of nearly 50 prison inmates to help explain why psychopaths make poor decisions that often lead to violence or other anti-social behavior.

What they found, he said, is that psychopaths’ brains are wired in a way that leads them to overvalue immediate