团队

基于种种社会经济问题，香港有数十万劳动人口及其家庭已经移居海外。与此同时，受香港政府积极进取的人才计划所吸引，过去一年也有数十万人从外地来港。人口流动对香港的劳动力和人才库有何影响？关颖伦博士、邓希炜教授和王柏林博士通过分析领英（LinkedIn）社交数据和政府统计数据评估香港的劳动力市场和经济前景。

The Dodd-Frank Act shifted regulatory jurisdiction over “midsize” investment advisers from the SEC to state-securities regulators. Client complaints against midsize advisers increased relative to those continuing under SEC oversight by 30 to 40 percent of the unconditional probability. Complaints increasingly cited fiduciary violations and rose more where state regulators had fewer resources. Advisers responding more to weaker oversight had past complaints, were located farther from regulators, faced less competition, had more conflicts of interest, and served primarily less-sophisticated clients. Our results inform optimal regulatory design in markets with informational asymmetries and search frictions.