Edward Tower

Duke University - Department of Economics

Professor

213 Social Sciences Building

Box 90097

Durham, NC 27708-0204

United States

Chulalongkorn University-Economics Department

Visiting Professor

Bangkok

Thailand

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 7,097

SSRN RANKINGS

Top 7,097

in Total Papers Downloads

6,307

SSRN CITATIONS
Rank 44,688

SSRN RANKINGS

Top 44,688

in Total Papers Citations

1

CROSSREF CITATIONS

10

Scholarly Papers (25)

1.

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 1,236 (15,880)

Abstract:

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2.

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, Edward Tower and Rhona Zhang
Duke University, Trinity College of Arts & Sciences, Department of Economics, Duke University - Department of Economics and North Carolina School of Science and Mathematics, Students
Downloads 947 (23,637)
Citation 1

Abstract:

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Vanguard; Fidelity; Comparison

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 666 (38,503)
Citation 1

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4.

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 600 (44,300)

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5.

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 391 (75,387)

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6.

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 385 (76,735)
Citation 1

Abstract:

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7.

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 369 (80,617)

Abstract:

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8.

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 335 (90,068)
Citation 3

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9.

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 250 (123,240)
Citation 1

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

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 236 (130,173)
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

11.

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 175 (172,828)
Citation 1

Abstract:

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12.

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 Cornell University - Department of Economics
Downloads 129 (222,593)

Abstract:

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Manufacturing Share, Economic Growth, Trade Restrictions

13.

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 127 (225,174)

Abstract:

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Enhanced index fund, Fundamental indexation, Style analysis

14.

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 96 (274,614)

Abstract:

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15.

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 91 (284,217)

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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 65 (349,783)

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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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17.

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 42 (420,265)

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18.

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 42 (420,265)

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19.

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, Edward Tower and Rhona Zhang
Duke University, Trinity College of Arts & Sciences, Department of Economics, Duke University - Department of Economics and North Carolina School of Science and Mathematics, Students
Downloads 37 (440,279)

Abstract:

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20.

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 37 (440,279)
Citation 1

Abstract:

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21.

How Did the 2003 Prescription Drug Re-Importation Bill Pass the House?

Economics & Politics, Vol. 18, No. 1, pp. 27-45, March 2006
Number of pages: 19 Posted: 08 May 2006
Seton Hall University - School of Diplomacy and International Relations, Independent, Duke University - Department of Economics and Duke University - Department of Economics
Downloads 25 (497,504)
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22.

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 20 (526,471)

Abstract:

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Transfer, reparation, trade deficit

23.

DFA, Fidelity, and Vanguard: Comparing the Returns of these Leading Mutual Fund Families

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: 48 Posted: 15 Oct 2019
Chong Li, Edward Tower and Rhona Zhang
Duke University, Trinity College of Arts & Sciences, Department of Economics, Duke University - Department of Economics and North Carolina School of Science and Mathematics, Students
Downloads 6 (613,639)

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DFA, Fidelity, Vanguard, active versus passive investment

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Enhanced index fund, Fundamental indexation, Style analysis

25.

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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