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Default Predictors and Credit Scoring Models for Retail Banking

Kočenda, Evžen - 2013

compared in terms of efficiency and power to discriminate between low and high risk clients by employing data from a new …

Persistent link: https://www.econbiz.de/10013095290

Climatic Roots of Loss Aversion

Galor, Oded - 2018

This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of...

Persistent link: https://www.econbiz.de/10012920767

Asymmetries in Earnings, Employment and Wage Risk in Great Britain

Angelopoulos, Konstantinos - 2017

This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour … BHPS sub-sample of Understanding Society for 2010-2014. We measure idiosyncratic risk in labour income by the relevant … idiosyncratic risk increases during contractions in the labour market. Furthermore, we find evidence of insurance, both at the …

Persistent link: https://www.econbiz.de/10012958452

Hybrid Historical Simulation VaR and ES : Performance in Developed and Emerging Markets

Zikovic, Sasa - 2009

We introduce a new hybrid approach to joint estimation of Value at Risk (VaR) and Expected Shortfall (ES) for high … lower cost in capital reserves. In ES estimation the hybrid model yields the smallest error statistics surpassing even the …

Persistent link: https://www.econbiz.de/10013155427

Returns to Skills Around the World : Evidence from PIAAC

Hanushek, Eric Alan - 2014

Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...

Persistent link: https://www.econbiz.de/10013059025

A Rise By Any Other Name? Sensitivity of Growth Regressions to Data Source

Hanousek, Jan - 2008

Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon occurs largely because data sets differ in whether and how they adjust for changes in relative prices across countries. Replication of several recent studies of growth determinants...

Persistent link: https://www.econbiz.de/10012773476

Measurement Error in Education and Growth Regressions

Portela, Miguel - 2008

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

Persistent link: https://www.econbiz.de/10012774497

Unraveling the Fortunates of the Fortunate : An Iterative Bayesian Model Averaging (IBMA) Approach

Eicher, Theo S. - 2007

inherent in growth regressions. IBMA is essential to our estimation because the simultaneous consideration of model uncertainty …

Persistent link: https://www.econbiz.de/10012777687

Jointness of Growth Determinants

Doppelhofer, Gernot; Weeks, Melvyn - 2021

This paper introduces a new measure of dependence or jointness among explanatory variables. Jointness is based on the joint posterior distribution of variables over the model space, thereby taking model uncertainty into account. By looking beyond marginal measures of variable importance,...

Persistent link: https://www.econbiz.de/10013317072

Modeling Uncertainty in Climate Change : A Multi-Model Comparison

Gillingham, Kenneth - 2015

The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in climate change using multiple integrated assessment models. The study looks...

Persistent link: https://www.econbiz.de/10013013082