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The Effect of Islamic Revolution and War on Income Inequality in Iran
Farzanegan, Mohammad Reza; Kadivar, Mohammad Ali - 2021
standalone effects. In this study, we focus on the case of the Iranian Revolution of 1979 and the subsequent Iran-Iraq war from … 1980 to 1988. We use the synthetic control method to study the effect of revolution and war on changes in income inequality … levels. Had there been no revolution and war in Iran, how would income inequality have developed? Utilizing the synthetic …
Persistent link: https://www.econbiz.de/10013312860
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Years of Life Lost to Revolution and War in Iran
Farzanegan, Mohammad Reza - 2021
This study examines the causal joint effect of a new political regime and war against Iraq on life expectancy of … Iranians for the period 1978–1988 during the revolution and war. I use a synthetic control approach to construct a synthetic … evolution of the factual Iranian life expectancy during the post-revolution period through the end of the war. I find a sizable …
Persistent link: https://www.econbiz.de/10013228858
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Firm-Level Expectations and Behavior in Response to the COVID-19 Crisis
Buchheim, Lukas - 2020
This paper studies the determinants of firms' business outlook and managerial mitigation strategies in the wake of the COVID-19 crisis using a representative panel of German firms. We first demonstrate that the crisis amplifies pre-crisis weaknesses: Firms that appear relatively weak before the...
Persistent link: https://www.econbiz.de/10012833757
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Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations
Hanspal, Tobin - 2020
We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations about retirement age, desired working hours, and household debt, but have...
Persistent link: https://www.econbiz.de/10012835653
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What You See is All There Is
Enke, Benjamin - 2020
News reports and communication are inherently constrained by space, time, and attention. As a result, news sources often condition the decision of whether to share a piece of information on the similarity between the signal and the prior belief of the audience, which generates a sample selection...
Persistent link: https://www.econbiz.de/10012840217
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Diverse Risk Preferences and Heterogeneous Expectations in an Asset Pricing Model
Gomez, Thomas - 2020
We propose a heuristic switching model of an asset market where the agents' choice of heuristic is consistent with their individual risk aversion. They choose between a fundamentalist and a trend-following rule to form expectations about the price of a risky asset. Given their risk aversion,...
Persistent link: https://www.econbiz.de/10012844420
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Arbitrage and Beliefs
Khorrami, Paymon - 2020
We study a segmented-markets setting in which self-fulfilling volatility can arise. The only requirements are (i) asset price movements redistribute wealth across markets (e.g., equities rise as bonds fall) and (ii) some stabilizing force keeps valuation ratios stationary (e.g., cash flow growth...
Persistent link: https://www.econbiz.de/10012825392
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Uncertainty, Imperfect Information, and Expectation Formation Over the Firms's Life Cycle
Chen, Cheng - 2020
Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...
Persistent link: https://www.econbiz.de/10012826001
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Policy Uncertainty and Information Flows : Evidence from Pension Reform Expectations
Ciani, Emanuele - 2019
Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We construct a new pan-European dataset of reform...
Persistent link: https://www.econbiz.de/10012861423
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Gender Differences in Wage Expectations : Sorting, Children, and Negotiation Styles
Kießling, Lukas - 2019
This paper presents evidence from a large-scale study on gender differences in expected wages before labor market entry. Based on data for over 15,000 students, we document a significant and large gender gap in wage expectations that closely resembles actual wage differences, prevails across...
Persistent link: https://www.econbiz.de/10012861444