Risk managers at financial institutions are concerned with estimating default probabilities for asset groups both for internal risk control procedures and for regulatory compliance. Low-default assets pose an estimation problem that has attracted recent concern. The problem in default...

This study examines practice mobility among young physicians, based on a large nationwide 1987 survey of physicians under age 40 years and in their second through fifth years of practice. Averaged across all physicians, there is a 10% to 12% chance of ...