the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques …

maximum likelihood estimation of the parameters in the model, we use an expectation maximization algorithm based on the state …

the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the … occupational pension wealth observed in Switzerland …

estimation of a VAR-GARCH model. The results can be summarized as follows. Negative news have significant positive effects on …

We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay … for their sovereign bond emissions. For this purpose we analyse financial market data from 288 tradable cantonal bonds in … significantly to lower cantonal bond spreads. Second, we study the impact of a credible no-bailout regime on the risk premia of …

structure can help predict interest rates and excess bond returns. We demonstrate that the statistical tests that have been used … slope of the yield curve are robust predictors of excess bond returns, and there is no robust and convincing evidence for …

This study assesses the short and long-run behaviour of long-term sovereign bond yields in OECD countries, for the …

-adjusted mortality rates of residents of Germany, using longitudinal, annual, state-level data during the period 2000-2007. The estimates …-adjusted cancer mortality rates of residents of France, using longitudinal, annual, cancer-site-level data during the period 2002 … mortality rates, and may have accounted for as much as half of the decline …

example, report contradictory effects of education and compulsory schooling on mortality - ranging from zero to large … mortality reductions. Using data from 19 compulsory schooling reforms implemented in Europe during the twentieth century, we … quantify the mean mortality effect and explore its dispersion across gender, time and countries. We find that men benefit from …