Christos Makridis

Massachusetts Institute of Technology (MIT) - Sloan School of Management

100 Main Street

E62-416

Cambridge, MA 02142

United States

SCHOLARLY PAPERS

43

DOWNLOADS
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5,597

SSRN CITATIONS
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SSRN RANKINGS

Top 16,450

in Total Papers Citations

38

CROSSREF CITATIONS

19

Scholarly Papers (43)

1.
Downloads 985 ( 23,951)
Citation 2

Did the Paycheck Protection Program Hit the Target?

Number of pages: 41 Posted: 26 Apr 2020 Last Revised: 11 May 2020
Joao Granja, Christos Makridis, Constantine Yannelis and Eric Zwick
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Chicago, Booth School of Business, Finance, Students and University of Chicago - Finance
Downloads 895 (27,032)

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PPP, stimulus, loan guarantees, CARES, COVID-19, coronavirus

Did the Paycheck Protection Program Hit the Target?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-52
Number of pages: 1 Posted: 27 Apr 2020
Joao Granja, Christos Makridis, Constantine Yannelis and Eric Zwick
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Chicago, Booth School of Business, Finance, Students and University of Chicago - Finance
Downloads 65 (369,853)

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Did the Paycheck Protection Program Hit the Target?

NBER Working Paper No. w27095
Number of pages: 42 Posted: 05 May 2020
Joao Granja, Christos Makridis, Constantine Yannelis and Eric Zwick
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Chicago Booth School of Business and University of Chicago - Finance
Downloads 25 (541,374)

Abstract:

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2.

The Cost of COVID-19: A Rough Estimate of the 2020 US GDP Impact

Special Edition Policy Brief
Number of pages: 7 Posted: 07 Apr 2020
Christos Makridis and Jonathan Hartley
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard University, Harvard Kennedy School (HKS), Students
Downloads 412 (77,168)
Citation 3

Abstract:

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GDP, economic indicators, healthcare, coronavirus, coronavirus pandemic, COVID-19, public health, economics, quarantine, economy, economic crisis

3.

The Cost of COVID-19: A Rough Estimate of the 2020 U.S. GDP

Number of pages: 6 Posted: 23 Mar 2020 Last Revised: 27 Apr 2020
Christos Makridis and Jonathan Hartley
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard University, Harvard Kennedy School (HKS), Students
Downloads 398 (78,727)
Citation 2

Abstract:

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coronavirus, COVID-19, real GDP, economic growth

Firm Reputation Following Financial Misconduct: Evidence from Employee Ratings

Number of pages: 53 Posted: 26 Oct 2018 Last Revised: 25 Oct 2019
Yuqing Zhou and Christos Makridis
University of California, Los Angeles (UCLA), Anderson School of Management, Students and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 215 (151,580)
Citation 1

Abstract:

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Financial Misconduct, Firm Reputation, Employee Ratings

Financial Misconduct and Changes in Employee Satisfaction

Number of pages: 57 Posted: 18 Oct 2019 Last Revised: 23 Oct 2019
Yuqing Zhou and Christos Makridis
University of California, Los Angeles (UCLA), Anderson School of Management, Students and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 109 (268,201)

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Financial Misconduct, Employee Satisfaction, Misconduct Predicting

5.

The Distribution of Non-Wage Benefits: Maternity Benefits and Gender Diversity

Number of pages: 67 Posted: 19 Dec 2017 Last Revised: 29 Jul 2019
Tim Liu, Christos Makridis, Paige Ouimet and Elena Simintzi
University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 289 (112,734)
Citation 4

Abstract:

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Non-Wage Compensation, Compensation, Corporate Finance

6.

Measuring the Economic Effects of Data Breaches on Firm Outcomes: Challenges and Opportunities

Number of pages: 33 Posted: 02 Oct 2017 Last Revised: 30 Mar 2018
Christos Makridis and Benjamin Dean
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Columbia University - School of International & Public Affairs (SIPA)
Downloads 279 (117,012)

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Cyber Crime, Data Breaches, Productivity, Information Security

7.

Do Right-to-Work Laws Work? Evidence from Individual Well-Being and Economic Sentiment

Number of pages: 57 Posted: 03 Jan 2018 Last Revised: 24 Jun 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 249 (131,734)
Citation 3

Abstract:

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right-to-work, sentiment, union, well-being, welfare

8.

(Why) Is There a Public/Private Pay Gap?

Number of pages: 33 Posted: 02 Aug 2018 Last Revised: 20 Jan 2020
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 233 (140,596)

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careers, development and training, earnings, management, public-private pay gap

9.

Can You Feel the Heat? Extreme Temperatures, Stock Returns, and Economic Sentiment

Number of pages: 37 Posted: 05 Jan 2018 Last Revised: 16 Nov 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 182 (177,136)
Citation 3

Abstract:

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beliefs, climate, sentiment, temperature

10.

Sentimental Business Cycles and the Protracted Great Recession

Number of pages: 62 Posted: 28 Dec 2017 Last Revised: 29 Jan 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 172 (186,196)
Citation 9

Abstract:

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beliefs, business cycles, consumption, sentiments, well-being

11.

Does Culture Pay? Evidence from Crowdsourced Employee Engagement Data

Number of pages: 78 Posted: 24 Jun 2017 Last Revised: 26 Dec 2018
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 163 (194,978)

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Organizational practices, job satisfaction, turnover, compensating differentials, productivity

12.

The Local Effects of Foreclosures

Number of pages: 108 Posted: 14 Jun 2017 Last Revised: 26 Dec 2019
Christos Makridis and Michael Ohlrogge
Massachusetts Institute of Technology (MIT) - Sloan School of Management and New York University School of Law
Downloads 160 (198,161)
Citation 1

Abstract:

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Employment, Foreclosures, Labor Markets, Mortgages, Uncertainty

13.

On the Cyclicality of Real Wages and Employment: New Evidence and Stylized Facts from Performance Pay and Fixed Wage Jobs

Number of pages: 74 Posted: 14 Aug 2017 Last Revised: 24 Mar 2020
Christos Makridis and Maury Gittleman
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Bureau of Labor Statistics
Downloads 122 (245,922)
Citation 2

Abstract:

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business cycle, compensation, employment, incentives, pay for performance

14.

Structural Transformation and the Rise of Information Technology

Prepared for the Carnegie-Rochester-NYU Conference Series on Public Policy, 2017
Number of pages: 71 Posted: 16 Oct 2017 Last Revised: 19 Feb 2018
Giovanni Gallipoli and Christos Makridis
Vancouver School of Economics, UBC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 120 (248,982)
Citation 5

Abstract:

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information technology, productivity, skill premia, structural transformation

Ties that Bind (and Social Distance): How Social Capital Helps Communities Weather the COVID-19 Pandemic

Number of pages: 26 Posted: 04 May 2020 Last Revised: 15 May 2020
Christos Makridis and Cary Wu
Massachusetts Institute of Technology (MIT) - Sloan School of Management and York University
Downloads 81 (328,624)

Abstract:

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COVID-19, public health, social capital, social distancing, trust

Ties That Bind (and Social Distance): How Social Capital Helps Communities Weather the COVID-19 Pandemic

Number of pages: 19 Posted: 06 May 2020
Christos Makridis and Cary Wu
Massachusetts Institute of Technology (MIT) - Sloan School of Management and York University
Downloads 34 (489,985)

Abstract:

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COVID-19, expectations, social capital, social distancing

16.

Do Managers Matter? A Natural Experiment from 42 R&D Labs in India

Number of pages: 53 Posted: 27 Mar 2018 Last Revised: 22 May 2019
Prithwiraj Choudhury, Tarun Khanna and Christos Makridis
Harvard University - Business School (HBS), Harvard University - Strategy Unit and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 115 (256,805)

Abstract:

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incentives, innovation, management, productivity, research and development

17.

Foreclosure Spillovers and Individual Well-Being: Evidence from the Great Recession

Number of pages: 64 Posted: 21 Jun 2017 Last Revised: 21 Jul 2019
Christos Makridis and Michael Ohlrogge
Massachusetts Institute of Technology (MIT) - Sloan School of Management and New York University School of Law
Downloads 111 (263,340)

Abstract:

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foreclosures, housing market, life satisfaction, well-being

18.

Does Religious Affiliation Protect People's Well-being? Evidence from the Great Recession After Correcting for Selection Effects

Number of pages: 33 Posted: 03 Aug 2019 Last Revised: 09 Mar 2020
Christos Makridis, Byron Johnson and Harold Koenig
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Baylor University - Institute for Studies of Religion and Duke University
Downloads 97 (288,801)

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Well-being, life satisfaction, social capital, business cycle, financial circumstances

19.

Rise of the 'Quants' in Financial Services: Regulation and Crowding Out of Routine Jobs

Number of pages: 43 Posted: 08 Aug 2018 Last Revised: 15 Feb 2020
Christos Makridis and Alberto G. Rossi
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Georgetown University
Downloads 96 (290,727)

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fintech, financial services, STEM workers, regulation, STEM

20.

Do Product Market Reforms Raise Innovation? Evidence from Micro-data Across 12 Countries

Number of pages: 47 Posted: 01 May 2019 Last Revised: 05 Nov 2019
Anastasia Litina, Christos Makridis and Georgios Tsiachtsiras
University of Ioannina, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Barcelona
Downloads 94 (294,680)

Abstract:

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competition; digital economy; product market reforms; innovation; regulation; research & development

21.

The Social Value of a Ridesharing Platform

Number of pages: 34 Posted: 02 Jan 2019 Last Revised: 30 Jan 2020
Christos Makridis and Yongwook Paik
Massachusetts Institute of Technology (MIT) - Sloan School of Management and KAIST College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 83 (318,378)

Abstract:

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sharing economy, welfare, hedonic pricing model, ridesharing, digital platform

22.

Stuck in the Seventies: Gas Prices and Consumer Sentiment

Number of pages: 38 Posted: 26 Oct 2018 Last Revised: 28 Jan 2020
Carola Binder and Christos Makridis
Haverford College - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 79 (327,822)
Citation 2

Abstract:

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Consumer sentiment, macroeconomic expectations, selective attention, gas prices, behavioral macroeconomics

23.

Moving to Opportunity? The Geography of the Foreclosure Crisis and the Importance of Location

Number of pages: 68 Posted: 02 May 2018 Last Revised: 03 Dec 2019
Christos Makridis and Michael Ohlrogge
Massachusetts Institute of Technology (MIT) - Sloan School of Management and New York University School of Law
Downloads 79 (327,822)
Citation 1

Abstract:

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foreclosure, financial crisis, mobility, unemployment

24.

Housing Market Regulation and Labor Market Dynamism

Number of pages: 27 Posted: 20 May 2018 Last Revised: 15 Jul 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 78 (330,282)
Citation 1

Abstract:

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cost of living, housing market regulation, labor market dynamism, turnover

25.

Determinants of Cyber Readiness

Number of pages: 22 Posted: 07 Aug 2018
Christos Makridis and Max Smeets
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Stanford University - Freeman Spogli Institute for International Studies
Downloads 77 (332,839)

Abstract:

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cyber security, cyber readiness, information technology, productivity

26.

Learning from Friends in a Pandemic: Social Networks and the Macroeconomic Response of Consumption

Number of pages: 34 Posted: 17 May 2020
Christos Makridis and Tao Wang
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Department of Economics, Johns Hopkins University
Downloads 66 (365,198)

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Aggregate Demand, Consumption, Coronavirus, COVID-19, Expectations, Peer Effects, Social Networks

27.

(Why) Are Housing Costs Rising?

Number of pages: 29 Posted: 09 Feb 2019 Last Revised: 12 Feb 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 56 (393,223)

Abstract:

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housing affordability, labor costs, regulation, wages

28.

Is Recycling Effective? Evidence from California between 2004 and 2017

Number of pages: 33 Posted: 07 Aug 2018 Last Revised: 18 Feb 2020
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 56 (393,223)

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Recycling and Conservation, Tiebout Sorting, Energy Consumption, Environmental Quality, Public Policy

29.

Does Housing Make I.T. Boom? The Collateral Channel, Information Technology, and Skilled Labor

Number of pages: 35 Posted: 06 Sep 2017
Christos Makridis, Pei-Yu Chen and Bin Gu
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Arizona State University (ASU) - Department of Information Systems and Boston University - Department of Management Information Systems
Downloads 50 (413,643)

Abstract:

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Housing prices, information technology, collateral channel, skill bias

30.

Refined by Fire: The Great Depression and Entrepreneurship

Number of pages: 46 Posted: 14 May 2019 Last Revised: 03 Apr 2020
Christos Makridis and Erin McGuire
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Scheller College of Business, Georgia Institute of Technology
Downloads 37 (464,964)

Abstract:

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Entrepreneurship; Growth; Great Depression; Behavioral Finance

31.

Time to Research? The Cyclicality of Time Use in R&D Among Private and Public Sector Workers

Number of pages: 38 Posted: 17 Dec 2017 Last Revised: 10 Jun 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 36 (469,377)

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cyclicality, innovation, public and private sector, research & development

32.

Human Flourishing and Religious Liberty: Evidence from Over 150 Countries, 2006-2018

Number of pages: 41 Posted: 30 Oct 2019 Last Revised: 25 Nov 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 34 (478,450)

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economic development, human flourishing, religious liberty, subjective well being

Do Monetary Policy Announcements Shift Household Expectations?

FRB of New York Staff Report No. 897, September 2019
Number of pages: 67 Posted: 09 Sep 2019 Last Revised: 22 Jan 2020
Daniel J. Lewis, Christos Makridis and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 32 (500,288)
Citation 2

Abstract:

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monetary policy shocks, central bank communication, information rigidities, consumer confidence, high-frequency identification

Do Monetary Policy Announcements Shift Household Expectations?

CEPR Discussion Paper No. DP14360
Number of pages: 69 Posted: 11 Feb 2020
Karel Mertens, Daniel J. Lewis and Christos Makridis
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2 (711,812)
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Abstract:

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central bank communication, consumer con dence, high frequency identi cation, informational rigidities, monetary policy shocks

34.

The Future of Work and Employee Job Attitudes and Well-Being

Number of pages: 24 Posted: 05 Feb 2020
Christos Makridis and Joo Han
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Rutgers University
Downloads 33 (483,109)

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Technological change; firm behavior; employee attitudes; managers.

The Impact of COVID-19 on the U.S. Child Care Market: Evidence from Stay-at-Home Orders

Number of pages: 28 Posted: 14 May 2020 Last Revised: 18 May 2020
Umair Ali, Chris M. Herbst and Christos Makridis
Arizona State University (ASU) - School of Public Affairs, Arizona State University (ASU) - School of Public Affairs and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 25 (547,876)

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Child care, Coronavirus, COVID-19, Early Care and Education, Stay-at-Home Orders

The Impact of Covid-19 on the U.S. Child Care Market: Evidence from Stay-at-Home Orders

IZA Discussion Paper No. 13261
Number of pages: 29 Posted: 23 May 2020
Umair Ali, Chris M. Herbst and Christos Makridis
Arizona State University (ASU) - School of Public Affairs, Arizona State University (ASU) - School of Public Affairs and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (725,647)

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child care, coronavirus, COVID-19, early care and education, stay-at-home orders

36.

Labor Market Earnings of Veterans: Is Time in the Military More Valuable or Less than is Civilian Experience?

Number of pages: 30 Posted: 18 Oct 2019 Last Revised: 13 Mar 2020
Christos Makridis and Barry T. Hirsch
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Georgia State University
Downloads 21 (549,696)

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Military veterans, earnings levels and dispersion, work experience, licensing, public sector, occupation growth

37.

Do Monetary Policy Announcements Shift Household Expectations?

FRB of Dallas Working Paper No. 1906
Number of pages: 48 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Daniel J. Lewis, Christos Makridis and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 14 (594,144)

Abstract:

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Monetary policy shocks, central bank communication, information rigidities, consumer confidence, high frequency identification

38.

The (Non)Separability of Air Quality: Evidence from Millions of Households Across the United States

Number of pages: 41 Posted: 13 Nov 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 8 (634,793)

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elasticity of air quality; hedonic prices; non-separability; willingness to pay

39.

Integrated Insiders or Alienated Outsiders? How Strong Norms in Organizations Relate to Contractors' Cultural Integration

Number of pages: 62 Posted: 21 Jan 2020
Matthew Corritore and Christos Makridis
McGill University - Desautels Faculty of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 7 (641,599)

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contractors, nonstandard work, organizations, culture

40.

Do Data Breaches Damage Reputation? Evidence from 43 Companies Between 2002 and 2018

Number of pages: 16
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1

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brand, cybersecurity, data breach, intangible capital, reputation

41.

Leveraging Machine Learning to Characterize the Role of Socio-economic Determinants of Physical Health and Well-being Among Veterans

Number of pages: 24 Posted: 14 May 2020
Christos Makridis, David Zhao and Gil Alterovitz
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Stanford University, School of Engineering, Computer Science, Students and Department of Veterans Affairs (VA)
Downloads 6

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Artificial intelligence, machine learning, medical informatics, subjective well-being, veterans

42.

Beating the Heat: Temperature and Spatial Reallocation over the Short and Long-run

Posted: 11 Jan 2019
Christos Makridis and Tyler Ransom
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Oklahoma

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climate, productivity, reallocation, weather, growth

43.

Work and Grow Rich: The Dynamic Effects of Performance Pay Contracts

Posted: 11 Jan 2019
Christos Makridis
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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human capital, skill premium, earnings inequality, on the job learning, pay for performance