default shock bias. First, we find that investors stop investing in new loans and cease from diversifying their portfolio after … experiencing a loan default. The default shock significantly worsens the risk-return profile of investors' loan portfolios. The …, but does not reduce the default shock bias. These findings have important implications not only for the behavioral finance …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

for children's development. We examine this hypothesis by analyzing the short-and long-run effects on children's health … and education of a specific shock: housing damages caused by a super typhoon. Our results reveal negative effects on … children's education - not, however, on health. The effects on children's education aggravate over time. Empirical evidence …

adults and children. The modern sector produces a quality-differentiated product: high-quality varieties are produced by …

Given that credit and insurance markets are imperfect, and given also that intra-household transfers, and much of the …

household types …

We use Swiss data to test whether intergenerational educational mobility is affected by the age at which children first … children of better educated parents …