Edward Tower

Duke University - Department of Economics

Professor

213 Social Sciences Building

Box 90097

Durham, NC 27708-0204

United States

SCHOLARLY PAPERS

28

DOWNLOADS
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SSRN RANKINGS

Top 8,606

in Total Papers Downloads

10,142

SSRN CITATIONS
Rank 52,589

SSRN RANKINGS

Top 52,589

in Total Papers Citations

6

CROSSREF CITATIONS

10

Scholarly Papers (28)

1.

Vanguard versus Fidelity: Multidimensional Comparison of the Index Funds and ETFs of the Two Largest Mutual Fund Families

Economic Research Initiatives at Duke (ERID) Working Paper No. 283 (2019)
Number of pages: 15 Posted: 08 Apr 2019
Chong Li, Chong Li, Edward Tower and Rhona Zhang
Duke University, Trinity College of Arts & Sciences, Department of EconomicsSichuan University, Duke University - Department of Economics and North Carolina School of Science and Mathematics, Students
Downloads 2,009 (15,479)
Citation 3

Abstract:

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Vanguard; Fidelity; Comparison

2.

Vanguard Versus DFA & Wisdomtree, and the Value Added by Dan Wiener’s Independent Adviser for Vanguard Investors

Number of pages: 20 Posted: 14 Nov 2009 Last Revised: 14 Jan 2010
Edward Tower and Zhang Yichong
Duke University - Department of Economics and Duke University
Downloads 1,307 (29,972)

Abstract:

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3.

Vanguard versus the Enhanced Indexers, DFA, RAFI, and WisdomTree: Is Traditional Indexation Passé?

Number of pages: 22 Posted: 12 Dec 2012
Edward Tower and Chao Yang
Duke University - Department of Economics and Duke University, Department of Economics, Students
Downloads 787 (61,177)
Citation 1

Abstract:

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4.

GMO versus Vanguard: Assessing the Performance of Comparable Funds

Number of pages: 8 Posted: 04 Nov 2010 Last Revised: 09 Nov 2010
Edward Tower
Duke University - Department of Economics
Downloads 769 (63,079)

Abstract:

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5.

Should the Equities in the North Carolina State Employees’ Pension Fund Be Indexed or Actively Managed?

Economic Research Initiatives at Duke (ERID) Working Paper No. 210
Number of pages: 20 Posted: 25 Feb 2016 Last Revised: 24 May 2016
Edward Tower
Duke University - Department of Economics
Downloads 641 (79,636)

Abstract:

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6.

Vanguard and Fidelity Domestic Active Stock Funds: Both Beat their Style Mimicking Vanguard Index Funds, & Vanguard Beats by More

Number of pages: 15 Posted: 06 May 2023 Last Revised: 30 May 2023
Edward Tower
Duke University - Department of Economics
Downloads 626 (82,026)

Abstract:

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Vanguard mutual funds, Fidelity, active management, index mutual funds

7.

Are GMO’s Predictions Prescient? Using Them to Predict Vanguard’s Mutual Fund Returns, October 2010

Number of pages: 13 Posted: 03 Nov 2010 Last Revised: 09 Nov 2010
Edward Tower
Duke University - Department of Economics
Downloads 456 (121,223)
Citation 1

Abstract:

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8.

Vanguard's Active Funds Beat their Benchmarks

Number of pages: 10 Posted: 24 Jan 2023
Edward Tower
Duke University - Department of Economics
Downloads 453 (122,188)

Abstract:

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Vanguard mutual funds, Active Management, Index Mutual Funds

9.

GMO's Predictions: A Useful Guide for Investors?

Economic Research Initiatives at Duke (ERID) Working Paper
Number of pages: 11 Posted: 06 Jun 2014
Edward Tower, David Barry and Edward Stansky
Duke University - Department of Economics, Duke University and Duke University
Downloads 411 (136,810)

Abstract:

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10.

Strategic Asset Allocation in Practice: Using Vanguard Funds to Clone GMO’s Benchmark‐Free Allocation Fund

Number of pages: 8 Posted: 03 Nov 2010 Last Revised: 09 Nov 2010
Edward Tower
Duke University - Department of Economics
Downloads 367 (155,414)
Citation 3

Abstract:

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Tobin’s Q Versus CAPE Versus CAPER: Predicting Stock Market Returns Using Fundamentals and Momentum

Number of pages: 24 Posted: 21 Mar 2011 Last Revised: 12 May 2011
Edward Tower
Duke University - Department of Economics
Downloads 307 (186,885)
Citation 1

Abstract:

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CAPE, CAPER, Tobin’s q, momentum, stock market

Tobin’s Q Versus Cape versus Caper: Predicting Stock Market Returns Using Fundamentals and Momentum

Economic Research Initiatives at Duke (ERID) Working Paper, https://doi.org/10.3905/joi.2012.21.1.097
Posted: 21 May 2019
Edward Tower
Duke University - Department of Economics

Abstract:

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CAPE, CAPER, Tobin’s q, momentum, stock market

12.

Ranking Mutual Fund Families: Minimum Expenses and Maximum Loads as Markers for Moral Turpitude

Economic Research Initiatives at Duke (ERID) Working Paper No. 8
Number of pages: 44 Posted: 11 Sep 2008
Edward Tower and Wei Zheng
Duke University - Department of Economics and affiliation not provided to SSRN
Downloads 285 (203,429)
Citation 4

Abstract:

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Mutual fund families, Performance, Turnover, Expense ratio, Loads

13.

Alternative Measures of Mutual Fund Performance: Ranking DFA, Fidelity, and Vanguard

Handbook of Applied Investment Analysis. Edited by John Guerard and Bill Ziemba, to be published by World Scientific in 2020. October 14, 2019 draft., Economic Research Initiatives at Duke (ERID) Working Paper No. 291
Number of pages: 53 Posted: 15 Oct 2019
Chong Li, Chong Li, Edward Tower and Rhona Zhang
Duke University, Trinity College of Arts & Sciences, Department of EconomicsSichuan University, Duke University - Department of Economics and North Carolina School of Science and Mathematics, Students
Downloads 227 (254,825)
Citation 2

Abstract:

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DFA, Fidelity, Vanguard, active versus passive investment

14.

Manufacturing Fetishism: The Neo-Mercantilist Preoccupation with Protecting Manufacturing

Economic Research Initiatives at Duke (ERID) Working Paper No. 227
Number of pages: 30 Posted: 02 Sep 2016
Alecia Cassidy, Edward Tower and Lucy Xiaolu Wang
University of Alabama, Department of Economics, Finance, and Legal Studies, Duke University - Department of Economics and University of Massachusetts Amherst - Department of Resource Economics
Downloads 220 (262,589)

Abstract:

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Manufacturing Share, Economic Growth, Trade Restrictions

15.

Enhanced versus Traditional Indexation for International Mutual Funds: Evaluating DFA, WisdomTree and RAFI Powershares

Number of pages: 15 Posted: 03 Jul 2013
Heehyun Lim and Edward Tower
Duke University and Duke University - Department of Economics
Downloads 194 (294,670)

Abstract:

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Enhanced index fund, Fundamental indexation, Style analysis

16.

An Efficiency Enhancing Minimum Wage

Number of pages: 9 Posted: 31 Dec 1997
Omer Gokcekus and Edward Tower
Seton Hall University - School of Diplomacy and International Relations and Duke University - Department of Economics
Downloads 189 (301,636)
Citation 2

Abstract:

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17.

CAPE: Using Its Variants to Predict the Returns from Investing in the S&P 500 Index

Economic Research Initiatives at Duke (ERID) Working Paper No. 262
Number of pages: 14 Posted: 08 Dec 2017
Edward Tower
Duke University - Department of Economics
Downloads 158 (352,832)

Abstract:

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18.

Dynamic Indexing and Allocation: Do they Dominate Simple Static Indexing?

Economic Research Initiatives at Duke (ERID) Working Paper No. 300
Number of pages: 23 Posted: 22 Sep 2020
Joseph E. McCarthy and Edward Tower
Duke University and Duke University - Department of Economics
Downloads 146 (376,524)

Abstract:

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Mutual funds, index investing, dynamic indexing, alpha

19.

Do Chinese Investors Get What They Don't Pay For? Expense Ratios, Loads, and the Returns to China's Open-End Mutual Funds

Economic Research Initiatives at Duke (ERID) Working Paper No. 231
Number of pages: 29 Posted: 28 Oct 2016
Yang Wang and Edward Tower
Tulane University, A.B. Freeman School of Business, Finance & Economics, Students and Duke University - Department of Economics
Downloads 131 (409,955)

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The Optimum Minimum Wage When Labor Services are Taxed

Number of pages: 13 Posted: 19 May 1997
Mark Grimes and Edward Tower
Merrill Lynch, Inc. and Duke University - Department of Economics
Downloads 86 (556,712)

Abstract:

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The Optimum Minimum Wage When Labor Services are Taxed

Posted: 25 Jun 1997
Mark Grimes and Edward Tower
Merrill Lynch, Inc. and Duke University - Department of Economics

Abstract:

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21.

Vanguard’s ETFs Returned a Substantial Proportion of Their Expenses to Investors

Number of pages: 10 Posted: 24 Jan 2023
Edward Tower
Duke University - Department of Economics
Downloads 82 (566,793)

Abstract:

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Vanguard Index ETFs, Expense ratios, Turnover

22.

Evaluating the Changed Collection of Equity Mutual Funds for Vanguard Participants in the Duke University Retirement Plan

Economic Research Initiatives at Duke (ERID) Working Paper No. 286 (2019)
Number of pages: 19 Posted: 22 Aug 2019
Chong Li, Chong Li, Edward Tower and Rhona Zhang
Duke University, Trinity College of Arts & Sciences, Department of EconomicsSichuan University, Duke University - Department of Economics and North Carolina School of Science and Mathematics, Students
Downloads 73 (605,686)

Abstract:

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23.

How Taxes and Real Wage Inflexibility Interact to Make Trade Deficits Addictive: The Tertiary and Quaternary Burdens and Benefits of a Transfer

Economic Research Initiatives at Duke (ERID) Working Paper No. 203
Number of pages: 17 Posted: 21 Jan 2016
Edward Tower and Victor Ye
Duke University - Department of Economics and Duke University, Department of Economics, Students
Downloads 63 (654,620)
Citation 1

Abstract:

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24.

Is a Protectionist Reputation Worth the Protection?: Extending Jans, Wall and Hariharan

Number of pages: 21 Posted: 18 Nov 1997
Omer Gokcekus and Edward Tower
Seton Hall University - School of Diplomacy and International Relations and Duke University - Department of Economics
Downloads 58 (681,507)

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25.

Should the Capital Account Be Liberalized in a Minimum Real Wage Economy?

Number of pages: 16 Posted: 13 May 1997
Omer Gokcekus and Edward Tower
Seton Hall University - School of Diplomacy and International Relations and Duke University - Department of Economics
Downloads 58 (681,507)

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26.

Transfers and Taxes: How Balancing the Budget with Distortionary Taxation Further Blesses the Recipient of a Transfer and Burdens the Donor

Number of pages: 17 Posted: 22 Aug 2016
Edward Tower
Duke University - Department of Economics
Downloads 39 (804,504)

Abstract:

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Transfer, reparation, trade deficit

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Enhanced index fund, Fundamental indexation, Style analysis

28.

Does Trade Liberalization Benefit Young and Old Alike?

REVIEW OF INTERNATIONAL ECONOMICS
Posted: 08 Nov 1996
Omer Gokcekus and Edward Tower
Seton Hall University - School of Diplomacy and International Relations and Duke University - Department of Economics

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