Showing 1 - 10 of 19
This paper takes a fresh look at the nature of financial and real business cycles in OECD countries using annual data series and shorter quarterly and monthly economic indicators. It first analyses the main characteristics of the cycle, including the length, amplitude, asymmetry and changes of...
Persistent link: https://www.econbiz.de/10010550832
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …
Persistent link: https://www.econbiz.de/10010948821
Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …
Persistent link: https://www.econbiz.de/10010948878
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …
Persistent link: https://www.econbiz.de/10009364730
risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans … (redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …
Persistent link: https://www.econbiz.de/10010668475
We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels of cooperation. This means that there is...
Persistent link: https://www.econbiz.de/10010639421
This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model …
Persistent link: https://www.econbiz.de/10005766081
The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying … positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …
Persistent link: https://www.econbiz.de/10005766285
even if the risk-free asset return is correlated with other risky assets' returns. However, equivalence fails to hold on an …
Persistent link: https://www.econbiz.de/10004979407
can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …
Persistent link: https://www.econbiz.de/10005051510