Showing 1 - 10 of 14
In this paper, we study mutual fund performance in terms of timing ability with daily data from 1998 to 2009. A novel timing model is proposed by incorporating the regime-switching framework into the Treynor and Mazuy (1966) model. The volatility follows a generalized autoregressive conditional...
Persistent link: https://www.econbiz.de/10013121309
This paper studies the influence of family, schools and neighborhoods on life-cycle earnings inequality. We develop an …. We exploit differences in the timing of family mobility and the partial overlap of schools and neighborhoods to … separately identify sorting from community and family effects. We find that family is far more important than community in …
Persistent link: https://www.econbiz.de/10011517739
Persistent link: https://www.econbiz.de/10011500288
individual educational achievement, employment and earnings vary with individual family characteristics such as the gender of …
Persistent link: https://www.econbiz.de/10012940859
between siblings' earnings reflect shared community and family background. These earnings relationships capture important …
Persistent link: https://www.econbiz.de/10011653810
, employment and earnings vary with individual family characteristics such as the gender of siblings and own parental education. We …
Persistent link: https://www.econbiz.de/10011790876
individual educational achievement, employment and earnings vary with individual family characteristics such as the gender of …
Persistent link: https://www.econbiz.de/10011772350
We model the correlations of brothers' earnings isolating the effect of fathers' earnings from additional residual influences shared between brothers. We separate the two effects by analysing sibling correlations and intergenerational correlations jointly within a unified framework. Our...
Persistent link: https://www.econbiz.de/10011774122
Correlations between the earnings of siblings reflect shared family and community background, but evidence is mixed on … teenage neighbors jointly in a unified framework. Using administrative data on the Danish population we find that (1) family … quality on long-term earnings is overestimated if the family component is ignored, and becomes negligible and not …
Persistent link: https://www.econbiz.de/10011774327
correlation of permanent earnings into family and community effects allowing for life-cycle dynamics; finding that family is the …
Persistent link: https://www.econbiz.de/10011752512