Showing 1 - 10 of 3,367
We study how negative sentiment around an industry impacts beliefs and behaviors, focusing on demands for racial justice after the murder of George Floyd and the salience of the "defund the police" movement. We assess stakeholder beliefs on the impact of protests on the stock prices of...
Persistent link: https://www.econbiz.de/10014635693
mortality if and only if mortality risk is convex in forecast errors. We test for such convexity using data on the universe of … how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce … mortality events and weather forecasts for a twelve-year period in the U.S. Results show that erroneously mild forecasts …
Persistent link: https://www.econbiz.de/10014322749
individuals' subjective believes of their mortality risk. Previous studies have shown that individual responses on subjective …
Persistent link: https://www.econbiz.de/10012469223
According to the dynamic version of the Gordon growth model, the long-run expected return on stocks, stock yield, is the sum of the dividend yield on stocks plus some weighted average of expected future growth rates in dividends. We construct a measure of stock yield based on sell-side analysts'...
Persistent link: https://www.econbiz.de/10012458014
We propose and test a novel economic mechanism that generates stock return predictability on both the time series and the cross section. In our model, investors' income has two sources, wages and dividends, that grow stochastically over time. As a consequence, the fraction of total income...
Persistent link: https://www.econbiz.de/10012470415
volatility forecast, coupled with a parametric lognormal-normal mixture distribution implied by the theoretically and empirically …
Persistent link: https://www.econbiz.de/10012470566
/U.K. (1629-1812), U.K. (1813-1870) and U.S. (1871-2015). We show that dividend yields are stationary and consistently forecast …
Persistent link: https://www.econbiz.de/10012457852
widely-used income-side version GDPI . We propose and explore a "forecast combination" approach to combining them. We then …
Persistent link: https://www.econbiz.de/10012461237
find that cities with higher levels of mortality during the Great Influenza of 1918-1919 subsequently expanded hospital … capacity by more than cities experiencing less influenza mortality: cities in the top half of the mortality distribution …
Persistent link: https://www.econbiz.de/10013462691
We examine mortality differences between Americans with and without a four-year college degree over the period 1992 to … 2021. From 1992 to 2010, both groups saw falling mortality, but with greater improvements for the more educated; from 2010 … to 2019, mortality fell for those with a BA and rose for those without; from 2019 to 2021, mortality rose for both groups …
Persistent link: https://www.econbiz.de/10014287337