Lawrence Schmidt

MIT Sloan School of Management

77 Massachusetts Avenue

Cambridge, MA 02139-4307

United States

http://https://sites.google.com/site/lawrencedwschmidt/home

SCHOLARLY PAPERS

16

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17,149

SSRN CITATIONS
Rank 7,166

SSRN RANKINGS

Top 7,166

in Total Papers Citations

110

CROSSREF CITATIONS

72

Scholarly Papers (16)

Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors

Number of pages: 92 Posted: 02 Jan 2019 Last Revised: 20 Jul 2021
University of Chicago - Booth School of Business, Inalytics Limited, University of Chicago - Booth School of Business and MIT Sloan School of Management
Downloads 11,302 (578)
Citation 8

Abstract:

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Heuristics, Behavioral Finance, Expert Decision-Making, Limited Attention

Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors

NBER Working Paper No. w29076
Number of pages: 55 Posted: 26 Jul 2021 Last Revised: 18 Nov 2021
University of Chicago - Booth School of Business, Inalytics Limited, University of Chicago - Booth School of Business and MIT Sloan School of Management
Downloads 11 (798,868)
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2.
Downloads 1,264 ( 14,707)
Citation 44

Runs on Money Market Mutual Funds

Number of pages: 60 Posted: 14 Mar 2011 Last Revised: 12 Sep 2015
Lawrence Schmidt, Allan Timmermann and Russ Wermers
MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 1,264 (22,245)
Citation 43

Abstract:

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Money market mutual funds; bank runs; strategic complementarities

3.
Downloads 1,238 ( 23,327)
Citation 15

Pockets of Predictability

Journal of Finance, Forthcoming
Number of pages: 113 Posted: 29 Mar 2018 Last Revised: 14 Feb 2022
Leland Farmer, Lawrence Schmidt and Allan Timmermann
University of Virginia, MIT Sloan School of Management and UCSD
Downloads 1,238 (22,943)
Citation 21

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Out-of-sample return predictability; time-varying expected returns; sticky expectations; affine asset pricing models

Pockets of Predictability

CEPR Discussion Paper No. DP12885
Number of pages: 72 Posted: 23 Apr 2018
Leland Farmer, Lawrence Schmidt and Allan Timmermann
University of Virginia, MIT Sloan School of Management and UCSD
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Predictability of stock returns; incomplete learning; Markov switching predictive systems; cash flows; affine asset pricing models.

Working Remotely and the Supply-Side Impact of COVID-19

Number of pages: 68 Posted: 02 Jun 2020 Last Revised: 13 Aug 2021
Dimitris Papanikolaou and Lawrence Schmidt
Downloads 642 (57,183)
Citation 1

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Working Remotely and the Supply-Side Impact of Covid-19

NBER Working Paper No. w27330
Number of pages: 51 Posted: 10 Jun 2020 Last Revised: 06 Mar 2022
Dimitris Papanikolaou and Lawrence Schmidt
Downloads 111 (336,751)
Citation 10

Abstract:

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5.

Quantile Spacings: A Simple Method for the Joint Estimation of Multiple Quantiles Without Crossing

Number of pages: 64 Posted: 20 Feb 2013 Last Revised: 20 Jul 2016
Lawrence Schmidt and Yinchu Zhu
MIT Sloan School of Management and University of Oregon
Downloads 578 (66,188)
Citation 7

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Quantile Regression, Quantile Crossing Problem

6.

Robust Comparative Statics for the Elasticity of Intertemporal Substitution

Number of pages: 39 Posted: 04 Jan 2015 Last Revised: 28 Jan 2022
Joel P. Flynn, Lawrence Schmidt and Alexis Akira Toda
Massachusetts Institute of Technology (MIT) - Department of Economics, MIT Sloan School of Management and University of California, San Diego (UCSD) - Department of Economics
Downloads 457 (88,312)

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elasticity of intertemporal substitution, optimal portfolio problem, recursive preferences

Technology-Skill Complementarity and Labor Displacement: Evidence from Linking Two Centuries of Patents with Occupations

Number of pages: 93 Posted: 06 May 2020 Last Revised: 07 Dec 2021
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 385 (106,815)

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Technology-Skill Complementarity and Labor Displacement: Evidence from Linking Two Centuries of Patents with Occupations

NBER Working Paper No. w29552
Number of pages: 68 Posted: 13 Dec 2021 Last Revised: 01 Apr 2022
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 9 (818,821)
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Investor Information Acquisition and Money Market Fund Risk Rebalancing During the 2011-12 Eurozone Crisis

Robert H. Smith School Research Paper No. RHS 2886171
Number of pages: 78 Posted: 16 Dec 2016 Last Revised: 15 Dec 2019
University of Colorado at Boulder - Department of Finance, MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 304 (138,524)
Citation 14

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Money market funds, Eurozone crisis, financial fragility, endogenous information acqui- sition, transparency in short-term funding markets

Transparency, Investor Information Acquisition, and Money Market Fund Risk Rebalancing During the 2011-12 Eurozone Crisis

CEPR Discussion Paper No. DP11895
Number of pages: 68 Posted: 16 Mar 2017
University of Colorado at Boulder - Department of Finance, MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
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endogenous information acquisition, eurozone crisis, financial fragility, Money market funds, transparency in short-term funding markets

9.

Layoff Risk, the Welfare Cost of Business Cycles, and Monetary Policy

Number of pages: 65 Posted: 14 Sep 2015 Last Revised: 12 Apr 2019
David Berger, Ian Dew-Becker, Lawrence Schmidt and Yuta Takahashi
Northwestern University, Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Northwestern University
Downloads 277 (153,121)
Citation 9

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Layoff risk, monetary policy, heterogeneous agents, business cycles

Technological Innovation and Labor Income Risk

Number of pages: 98 Posted: 25 Jun 2020 Last Revised: 08 Jul 2021
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and U.S. Social Security Administration
Downloads 190 (219,030)

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Technological Innovation and Labor Income Risk

Number of pages: 98 Posted: 13 Jul 2020 Last Revised: 07 Jun 2021
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management, U.S. Social Security Administration and Boston College
Downloads 17 (742,266)

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Technological Innovation and Labor Income Risk

NBER Working Paper No. w26964
Number of pages: 99 Posted: 13 Apr 2020 Last Revised: 06 Mar 2022
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and U.S. Social Security Administration
Downloads 9 (818,821)

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11.

Real Risk or Paper Risk? Mis-Measured Factors, Granular Measurement Errors, and Empirical Asset Pricing Tests

Number of pages: 65 Posted: 30 Apr 2019 Last Revised: 14 Feb 2020
Sung Je Byun and Lawrence Schmidt
Federal Reserve Banks - Federal Reserve Bank of Dallas and MIT Sloan School of Management
Downloads 209 (201,049)

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Risk-Return Trade-Off; Idiosyncratic Risk; Empirical Asset Pricing

12.

Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk

Number of pages: 120 Posted: 26 Jul 2014 Last Revised: 21 Mar 2022
Lawrence Schmidt
MIT Sloan School of Management
Downloads 99 (361,329)
Citation 37

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13.

Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter

Number of pages: 107 Posted: 14 Dec 2021
Federal Reserve Bank of Kansas City, University of Minnesota - Minneapolis, U.S. Census Bureau, Social, Economic, and Housing Statistics Division and MIT Sloan School of Management
Downloads 25 (656,651)

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Income Risk, Persistent and Temporary Earnings, Human Capital, Incompete Markets, Income Process Estimation

14.

Measuring Document Similarity with Word Embeddings

Number of pages: 13 Posted: 20 Apr 2022
Bryan Seegmiller, Dimitris Papanikolaou and Lawrence Schmidt
Massachusetts Institute of Technology (MIT) - Sloan School of Management, affiliation not provided to SSRN and MIT Sloan School of Management
Downloads 15 (734,158)

Abstract:

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textual analysis, measuring document similarity

15.

Changing Income Risk Across the Us Skill Distribution: Evidence from a Generalized Kalman Filter

NBER Working Paper No. w29567
Number of pages: 108 Posted: 13 Dec 2021 Last Revised: 16 Apr 2022
University of Wisconsin - Parkside - University of Wisconsin, University of Minnesota - Minneapolis, U.S. Census Bureau, Social, Economic, and Housing Statistics Division and MIT Sloan School of Management
Downloads 4 (837,846)
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16.

Runs on Money Market Funds

CEPR Discussion Paper No. DP9906
Number of pages: 63 Posted: 02 Jun 2014
Lawrence Schmidt, Allan Timmermann and Russ Wermers
MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 3 (848,889)
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bank runs, money market mutual funds, quantile regression, strategic complementarities