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19 results on '"Garrett, Daniel G"'

1. Conflicts of Interest in Municipal Bond Advising and Underwriting*.

Author

Garrett, Daniel G

Subjects
INVESTMENT advisors, CONFLICT of interests, BUSINESS ethics, MUNICIPAL bonds, DODD-Frank Wall Street Reform & Consumer Protection Act, BOND market
Abstract

When can financial advisor conflicts of interest generate worse outcomes for clients? A regulation following from Dodd-Frank prohibits municipal advisors from simultaneously acting as bond underwriters. Using a difference-in-differences approach and 20,051 bond auctions, I test whether limited advisor privileges affect financial advice and borrower outcomes. Financing costs of bonds with potential dual advisor-underwriters fall by 11.4 basis points after the advisor is no longer allowed to underwrite. The decline follows from increases in standardization, third-party certification, and auction participation, all of which are consistent with limiting the adverse selection that arises from advisors withholding information from the market. (JEL D44, D53, G12, G14, G28, H74) [ABSTRACT FROM AUTHOR]

Published
2024
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5. The unintended consequences of the war on poverty

Author

Gallaway, Lowell E. and Garrett, Daniel G.

Subjects
United States. Congress, At risk youth -- Economic aspects, Income distribution -- Economic aspects, Poverty -- Economic aspects, Economic growth -- Economic aspects, Political science
Abstract

'Conventional wisdom suggests that a rise in federal expenditures designed to help low income groups should produce some reduction in poverty and thus some reduction in measured income inequality.' This [...]

Published
2016

17. Differences in Post-Graduation Earnings and College Completion: the Case of Students from Appalachia

Author

Garrett, Daniel G.

Subjects
Economics, Higher Education, Returns to Higher Education, College Completion
Abstract

An individual who views higher education as an investment will likely take future earnings into account when he or she makes the decision to complete a college degree. Students do not necessarily know exactly what they will earn after college, but they will use their own best estimates to make education related decisions. This study seeks to test if students use regional specific information about post-graduation earnings to make the decision to complete a college degree. The study examines college completion of students from Appalachia where an additional year of education is not compensated as well as it is in the rest of the United States. Post-graduation earnings are compared and students from Appalachia earn less than students from another part of the U.S. on average after correcting for observable differences, but the lower earnings do not cause Appalachian students to have less incentive to graduate. Appalachian students have a higher chance of graduating from college than students elsewhere, which raises questions about differing individual preferences and individual expectations forming.

Published
2014

19. Studying pharmaceutical care: difficult but necessary.

Author

Christensen DB, Ferguson MS, Garrett DG, Bunting BA, Malone DC, and Cranor CW

Subjects
Patient Education as Topic, Pharmaceutical Services supply & distribution, Health Services Research, Pharmaceutical Services standards
Abstract

Research into the impact of pharmaceutical care need not be complex, but it is difficult in real-world settings. Pharmaceutical care projects need a committed project manager, dedicated pharmacists, an involved payer, and patients who believe they have a problem that needs to be addressed. Significant differences in outcomes are more likely with some chronic diseases than with others. Adequate funding of pharmaceutical care studies is needed to support identification of drug-related problems and outcomes in larger numbers of patients and over longer time periods. Demonstrating changes in patient satisfaction with providers and in health-related quality of life is difficult.

Published
2003
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