Author Profile

Richard Lowery

Associate Finance professor, University of Texas at Austin

Richard Lowery is Associate Professor of Finance at the McCombs School of Business. His research focuses on financial intermediation and experimental economics. Dr. Lowery has a Ph.D. in Economics from Carnegie Mellon University.

Latest Columns

Paid sick leave will hurt the most vulnerable

Austin's recently passed ordinance requiring paid sick leave adds one more layer of difficulty for small- and medium-sized businesses. In a growing city with a young population, the creation and expansion of new, interesting, and innovative firms and even industries play an essential role in providing the needed job opportunities and services. Taking away the flexibility of such firms to determine their own mix of compensation when competing for workers inhibits this type of growth.