Publication Information

{'id': 'https://openalex.org/W3121251611', 'doi': 'https://doi.org/10.1111/jofi.12141', 'title': 'Labor Mobility: Implications for Asset Pricing', 'display_name': 'Labor Mobility: Implications for Asset Pricing', 'publication_year': 2014, 'publication_date': '2014-01-16', 'ids': {'openalex': 'https://openalex.org/W3121251611', 'doi': 'https://doi.org/10.1111/jofi.12141', 'mag': '3121251611'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://doi.org/10.1111/jofi.12141', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S5353659', 'display_name': 'The Journal of Finance', 'issn_l': '0022-1082', 'issn': ['0022-1082', '1540-6261'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310320595', 'host_organization_name': 'Wiley', 'host_organization_lineage': ['https://openalex.org/P4310320595'], 'host_organization_lineage_names': ['Wiley'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': ['crossref'], 'open_access': {'is_oa': True, 'oa_status': 'green', 'oa_url': 'http://faculty.fuqua.duke.edu/seminarscalendar/Donangelo_F12.pdf', 'any_repository_has_fulltext': True}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5081591742', 'display_name': 'Andrés Donangelo', 'orcid': 'https://orcid.org/0000-0003-3453-3713'}, 'institutions': [{'id': 'https://openalex.org/I86519309', 'display_name': 'The University of Texas at Austin', 'ror': 'https://ror.org/00hj54h04', 'country_code': 'US', 'type': 'education', 'lineage': ['https://openalex.org/I86519309']}, {'id': 'https://openalex.org/I1317239608', 'display_name': 'Federal Reserve', 'ror': 'https://ror.org/05fk5tr28', 'country_code': 'US', 'type': 'other', 'lineage': ['https://openalex.org/I1317239608']}, {'id': 'https://openalex.org/I95457486', 'display_name': 'University of California, Berkeley', 'ror': 'https://ror.org/01an7q238', 'country_code': 'US', 'type': 'education', 'lineage': ['https://openalex.org/I95457486']}], 'countries': ['US'], 'is_corresponding': True, 'raw_author_name': 'ANDRÉS DONANGELO', 'raw_affiliation_strings': ['Andrés Donangelo is with the Finance Department, University of Texas at Austin. This paper is based on the first chapter of my PhD dissertation at the University of California at Berkeley entitled "Labor Mobility and the Cross-Section of Expected Returns." I am very grateful to the members of my dissertation committee, Nicolae Gârleanu (Chair), Martin Lettau, Dmitry Livdan, and Ulrike Malmendier. I would like to thank the anonymous referee, the anonymous Associate Editor, Aydogan Alti, Jonathan Berk, Maria Cecilia Bustamante, Esther Eiling, Andrew Karolyi, Campbell Harvey (the Editor), Hayne Leland, Richard Lowery, Miguel Palacios, Christine Parlour, Mitchell Petersen, Selale Tuzel, Johan Walden, Lu Zhang, and seminar participants at Arizona State University, Boston College, Columbia University, Copenhagen Business School, Cornell University, Duke University, Federal Reserve Board, Indiana University, London Business School, MIT, Northwestern University, Ohio State University, Stanford University, UC Berkeley, UCLA, UI Urbana-Champaign, USC, UT Austin, WFA 2011 Meeting, and the 19 Mitsui Finance Symposium for helpful comments and discussions. Errors are solely my responsibility. I gratefully acknowledge the Dean Witter, White, and NASDAQ OMX Educational foundations for financial support.'], 'affiliations': [{'raw_affiliation_string': 'Andrés Donangelo is with the Finance Department, University of Texas at Austin. This paper is based on the first chapter of my PhD dissertation at the University of California at Berkeley entitled "Labor Mobility and the Cross-Section of Expected Returns." I am very grateful to the members of my dissertation committee, Nicolae Gârleanu (Chair), Martin Lettau, Dmitry Livdan, and Ulrike Malmendier. I would like to thank the anonymous referee, the anonymous Associate Editor, Aydogan Alti, Jonathan Berk, Maria Cecilia Bustamante, Esther Eiling, Andrew Karolyi, Campbell Harvey (the Editor), Hayne Leland, Richard Lowery, Miguel Palacios, Christine Parlour, Mitchell Petersen, Selale Tuzel, Johan Walden, Lu Zhang, and seminar participants at Arizona State University, Boston College, Columbia University, Copenhagen Business School, Cornell University, Duke University, Federal Reserve Board, Indiana University, London Business School, MIT, Northwestern University, Ohio State University, Stanford University, UC Berkeley, UCLA, UI Urbana-Champaign, USC, UT Austin, WFA 2011 Meeting, and the 19 Mitsui Finance Symposium for helpful comments and discussions. Errors are solely my responsibility. I gratefully acknowledge the Dean Witter, White, and NASDAQ OMX Educational foundations for financial support.', 'institution_ids': ['https://openalex.org/I86519309', 'https://openalex.org/I1317239608', 'https://openalex.org/I95457486']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 3, 'corresponding_author_ids': ['https://openalex.org/A5081591742'], 'corresponding_institution_ids': ['https://openalex.org/I86519309', 'https://openalex.org/I1317239608', 'https://openalex.org/I95457486'], 'apc_list': {'value': 4020, 'currency': 'USD', 'value_usd': 4020, 'provenance': 'doaj'}, 'apc_paid': None, 'fwci': 42.737, 'has_fulltext': True, 'fulltext_origin': 'pdf', 'cited_by_count': 247, 'citation_normalized_percentile': {'value': 0.999954, 'is_in_top_1_percent': True, 'is_in_top_10_percent': True}, 'cited_by_percentile_year': {'min': 99, 'max': 100}, 'biblio': {'volume': '69', 'issue': '3', 'first_page': '1321', 'last_page': '1346'}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T10019', 'display_name': 'Corporate Finance and Governance', 'score': 0.9996, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T10019', 'display_name': 'Corporate Finance and Governance', 'score': 0.9996, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T10047', 'display_name': 'Financial Markets and Investment Strategies', 'score': 0.9982, 'subfield': {'id': 'https://openalex.org/subfields/2003', 'display_name': 'Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T12675', 'display_name': 'Financial Reporting and Valuation Research', 'score': 0.9952, 'subfield': {'id': 'https://openalex.org/subfields/1408', 'display_name': 'Strategy and Management'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/labor-mobility', 'display_name': 'Labor mobility', 'score': 0.71698207}, {'id': 'https://openalex.org/keywords/leverage', 'display_name': 'Leverage (statistics)', 'score': 0.67067355}, {'id': 'https://openalex.org/keywords/operating-leverage', 'display_name': 'Operating leverage', 'score': 0.5964669}, {'id': 'https://openalex.org/keywords/stock', 'display_name': 'Stock (firearms)', 'score': 0.46187449}], 'concepts': [{'id': 'https://openalex.org/C2780370025', 'wikidata': 'https://www.wikidata.org/wiki/Q282773', 'display_name': 'Labor mobility', 'level': 2, 'score': 0.71698207}, {'id': 'https://openalex.org/C153083717', 'wikidata': 'https://www.wikidata.org/wiki/Q6535263', 'display_name': 'Leverage (statistics)', 'level': 2, 'score': 0.67067355}, {'id': 'https://openalex.org/C84566663', 'wikidata': 'https://www.wikidata.org/wiki/Q2738224', 'display_name': 'Operating leverage', 'level': 3, 'score': 0.5964669}, {'id': 'https://openalex.org/C2780598303', 'wikidata': 'https://www.wikidata.org/wiki/Q65921492', 'display_name': 'Flexibility (engineering)', 'level': 2, 'score': 0.56770027}, {'id': 'https://openalex.org/C120757647', 'wikidata': 'https://www.wikidata.org/wiki/Q381136', 'display_name': 'Shareholder', 'level': 3, 'score': 0.5556417}, {'id': 'https://openalex.org/C145236788', 'wikidata': 'https://www.wikidata.org/wiki/Q28161', 'display_name': 'Labour economics', 'level': 1, 'score': 0.53276724}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.5100995}, {'id': 'https://openalex.org/C204036174', 'wikidata': 'https://www.wikidata.org/wiki/Q909380', 'display_name': 'Stock (firearms)', 'level': 2, 'score': 0.46187449}, {'id': 'https://openalex.org/C181236170', 'wikidata': 'https://www.wikidata.org/wiki/Q848354', 'display_name': 'Capital asset pricing model', 'level': 2, 'score': 0.42275643}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.41150504}, {'id': 'https://openalex.org/C40700', 'wikidata': 'https://www.wikidata.org/wiki/Q1411783', 'display_name': 'Industrial organization', 'level': 1, 'score': 0.34309107}, {'id': 'https://openalex.org/C10138342', 'wikidata': 'https://www.wikidata.org/wiki/Q43015', 'display_name': 'Finance', 'level': 1, 'score': 0.24562466}, {'id': 'https://openalex.org/C129361004', 'wikidata': 'https://www.wikidata.org/wiki/Q2470236', 'display_name': 'Profitability index', 'level': 2, 'score': 0.11683503}, {'id': 'https://openalex.org/C41008148', 'wikidata': 'https://www.wikidata.org/wiki/Q21198', 'display_name': 'Computer science', 'level': 0, 'score': 0.09049165}, {'id': 'https://openalex.org/C127413603', 'wikidata': 'https://www.wikidata.org/wiki/Q11023', 'display_name': 'Engineering', 'level': 0, 'score': 0.07488787}, {'id': 'https://openalex.org/C78519656', 'wikidata': 'https://www.wikidata.org/wiki/Q101333', 'display_name': 'Mechanical engineering', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C39389867', 'wikidata': 'https://www.wikidata.org/wiki/Q380767', 'display_name': 'Corporate governance', 'level': 2, 'score': 0.0}, {'id': 'https://openalex.org/C187736073', 'wikidata': 'https://www.wikidata.org/wiki/Q2920921', 'display_name': 'Management', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C119857082', 'wikidata': 'https://www.wikidata.org/wiki/Q2539', 'display_name': 'Machine learning', 'level': 1, 'score': 0.0}], 'mesh': [], 'locations_count': 2, 'locations': [{'is_oa': False, 'landing_page_url': 'https://doi.org/10.1111/jofi.12141', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S5353659', 'display_name': 'The Journal of Finance', 'issn_l': '0022-1082', 'issn': ['0022-1082', '1540-6261'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310320595', 'host_organization_name': 'Wiley', 'host_organization_lineage': ['https://openalex.org/P4310320595'], 'host_organization_lineage_names': ['Wiley'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, {'is_oa': True, 'landing_page_url': 'http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.258.7912', 'pdf_url': 'http://faculty.fuqua.duke.edu/seminarscalendar/Donangelo_F12.pdf', 'source': {'id': 'https://openalex.org/S4306400349', 'display_name': 'CiteSeer X (The Pennsylvania State University)', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I130769515', 'host_organization_name': 'Pennsylvania State University', 'host_organization_lineage': ['https://openalex.org/I130769515'], 'host_organization_lineage_names': ['Pennsylvania State University'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}], 'best_oa_location': {'is_oa': True, 'landing_page_url': 'http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.258.7912', 'pdf_url': 'http://faculty.fuqua.duke.edu/seminarscalendar/Donangelo_F12.pdf', 'source': {'id': 'https://openalex.org/S4306400349', 'display_name': 'CiteSeer X (The Pennsylvania State University)', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I130769515', 'host_organization_name': 'Pennsylvania State University', 'host_organization_lineage': ['https://openalex.org/I130769515'], 'host_organization_lineage_names': ['Pennsylvania State University'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}, 'sustainable_development_goals': [{'score': 0.77, 'display_name': 'Decent work and economic growth', 'id': 'https://metadata.un.org/sdg/8'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 37, 'referenced_works': ['https://openalex.org/W1504446110', 'https://openalex.org/W1510857960', 'https://openalex.org/W1530804213', 'https://openalex.org/W1598397695', 'https://openalex.org/W1970567871', 'https://openalex.org/W2010801055', 'https://openalex.org/W2014192858', 'https://openalex.org/W2045151299', 'https://openalex.org/W2072799098', 'https://openalex.org/W2083519475', 'https://openalex.org/W2090467626', 'https://openalex.org/W2093049185', 'https://openalex.org/W2119742456', 'https://openalex.org/W2121527398', 'https://openalex.org/W2132082635', 'https://openalex.org/W2140821279', 'https://openalex.org/W2146613073', 'https://openalex.org/W2154044885', 'https://openalex.org/W2163759112', 'https://openalex.org/W2169645335', 'https://openalex.org/W3044348100', 'https://openalex.org/W3121353815', 'https://openalex.org/W3121470524', 'https://openalex.org/W3122553623', 'https://openalex.org/W3122649028', 'https://openalex.org/W3122781175', 'https://openalex.org/W3122942031', 'https://openalex.org/W3123216046', 'https://openalex.org/W3123370480', 'https://openalex.org/W3123808005', 'https://openalex.org/W3124321153', 'https://openalex.org/W3125717248', 'https://openalex.org/W3126017435', 'https://openalex.org/W4232468530', 'https://openalex.org/W4234681908', 'https://openalex.org/W4242067316', 'https://openalex.org/W62905205'], 'related_works': ['https://openalex.org/W4239656852', 'https://openalex.org/W3090288300', 'https://openalex.org/W3027168258', 'https://openalex.org/W2804056828', 'https://openalex.org/W2513518431', 'https://openalex.org/W2392523151', 'https://openalex.org/W2390932311', 'https://openalex.org/W2272884367', 'https://openalex.org/W2208355735', 'https://openalex.org/W1513536332'], 'abstract_inverted_index': {'ABSTRACT': [0], 'Labor': [1], 'mobility': [2, 64], 'is': [3, 39], 'the': [4, 67], 'flexibility': [5, 53], 'of': [6, 62], 'workers': [7], 'to': [8, 16, 54], 'walk': [9], 'away': [10], 'from': [11], 'an': [12, 59, 71], 'industry': [13], 'in': [14, 23, 87, 97], 'response': [15], 'better': [17], 'opportunities.': [18], 'I': [19, 57, 83], 'develop': [20], 'a': [21], 'model': [22, 43, 68], 'which': [24], 'labor': [25, 63], 'flows': [26], 'make': [27], 'bad': [28], 'times': [29], 'worse': [30], 'for': [31], 'shareholders': [32], 'who': [33], 'are': [34], 'left': [35], 'with': [36, 66], 'capital': [37], 'that': [38, 45, 85], 'less': [40, 98], 'productive.': [41], 'The': [42], 'shows': [44], 'firms': [46, 86], 'face': [47], 'greater': [48], 'operating': [49, 78], 'leverage': [50], 'by': [51], 'providing': [52], 'mobile': [55, 88, 99], 'workers.': [56], 'construct': [58], 'empirical': [60], 'measure': [61], 'consistent': [65], 'and': [69, 80], 'document': [70], 'economically': [72], 'significant': [73], 'cross‐sectional': [74], 'relation': [75], 'between': [76], 'mobility,': [77], 'leverage,': [79], 'stock': [81], 'returns.': [82], 'find': [84], 'industries': [89], 'earn': [90], 'returns': [91], 'over': [92], '5%': [93], 'higher': [94], 'than': [95], 'those': [96], 'industries.': [100]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W3121251611', 'counts_by_year': [{'year': 2024, 'cited_by_count': 31}, {'year': 2023, 'cited_by_count': 36}, {'year': 2022, 'cited_by_count': 21}, {'year': 2021, 'cited_by_count': 21}, {'year': 2020, 'cited_by_count': 28}, {'year': 2019, 'cited_by_count': 16}, {'year': 2018, 'cited_by_count': 18}, {'year': 2017, 'cited_by_count': 16}, {'year': 2016, 'cited_by_count': 16}, {'year': 2015, 'cited_by_count': 19}, {'year': 2014, 'cited_by_count': 9}, {'year': 2013, 'cited_by_count': 7}, {'year': 2012, 'cited_by_count': 4}], 'updated_date': '2024-12-12T08:34:18.876108', 'created_date': '2021-02-01'}