Showing 1 - 10 of 114
We analyse the extent to which firm-level uncertainty is affected by aggregate uncertainty. Firm-level uncertainty is constructed from a large and monthly panel dataset of manufacturing firms. We find that aggregate uncertainty has a positive and robust impact on firm-level uncertainty. This...
Persistent link: https://www.econbiz.de/10013239562
-cohort differences in the distributions of socioeconomic status within schools in a linear fixed effects model to identify a causal rank … effect. I find that a higher rank during high school improves a student's depression scores, cognitive ability, self …-esteem and popularity. The rank effects are persistent with long-lasting consequences for adult depression and college attainment …
Persistent link: https://www.econbiz.de/10014290158
We present first experimental evidence that relative performance feedback improves both the speed and quality with which challenging long-term tasks are completed. Providing university students with ongoing relative feedback on accumulated course credits accelerates graduation by 0.12 SD, and...
Persistent link: https://www.econbiz.de/10014290256
This paper examines the long-run impact of ordinal rank during primary school on productivity using comprehensive … achievement, being ranked highly during primary school has large effects on secondary school achievement, with the impact of rank …
Persistent link: https://www.econbiz.de/10010398570
This paper studies how a student’s ordinal rank in a peer group affects performance and specialisation choices in … university. By exploiting data with repeated random assignment of students to teaching sections, we find that a higher rank … effects. First, earlier ranks are less important than later ranks. Second, responses to rank changes are asymmetric …
Persistent link: https://www.econbiz.de/10012582103
This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are derived by optimally pooling the information contained in national indicator series. Following the ideas of predictive modeling, we construct the area-wide indicators by...
Persistent link: https://www.econbiz.de/10010264416
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which 'observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …
Persistent link: https://www.econbiz.de/10010285540
In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions---personalization, discretion,...
Persistent link: https://www.econbiz.de/10012836714
Previous analyses of the 2016 Brexit referendum used region-level data or small samples based on polling data. The former might be subject to ecological fallacy and the latter might suffer from small-sample bias. We use individual-level data on thousands of respondents in Understanding Society,...
Persistent link: https://www.econbiz.de/10011931943
Despite the fact that many aggregates are nonlinear functions and the aggregation weights of many macroeconomic …, time-invariant aggregation weights. In this study a framework for nonlinear contemporaneous aggregation with possibly …
Persistent link: https://www.econbiz.de/10010270456