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Frey, Bruno S. - 2017

matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a …

Persistent link: https://www.econbiz.de/10011700543

Awards in economics : towards a new field of inquiry

Frey, Bruno S.; Neckermann, Susanne - 2009

. First steps towards integrating awards into economic theory are undertaken. -- Awards ; non-monetary incentives ; economics …Awards play a large role in the economics profession, which is documented by the large variety and number of awards …. However, little scientific attention has been devoted to them. This paper documents the prevalence of awards in the economics …

Persistent link: https://www.econbiz.de/10003806044

What can economists learn from happiness research?

Frey, Bruno S.; Stutzer, Alois - 2001

happiness research is able to contribute important insights for economics. We report how the economic variables income … some of the consequences for economic policy and for economic theory. …

Persistent link: https://www.econbiz.de/10011398921

Optimal asset allocation with factor models for large portfolios

Pesaran, M. Hashem (contributor); … - 2008

This paper characterizes the asymptotic behaviour, as the number of assets gets arbitrarily large, of the portfolio weights for the class of tangency portfolios belonging to the Markowitz paradigm. It is assumed that the joint distribution of asset returns is characterized by a general factor...

Persistent link: https://www.econbiz.de/10003720566

Panel unit root tests in the presence of a multifactor error structure

Pesaran, M. Hashem (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003630712

Financial returns to collecting rare political economy books

Ursprung, Heinrich W. - 2021

Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...

Persistent link: https://www.econbiz.de/10012437910

Educational and wage risk : social insurance vs. quality of education

Schindler, Dirk; Weigert, Benjamin - 2008

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...

Persistent link: https://www.econbiz.de/10003806025

Low skill but high volatility?

Buch, Claudia M.; Pierdzioch, Christian - 2009

Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand, low-skilled workers typically face more limited access...

Persistent link: https://www.econbiz.de/10003850520

Social security incidence under uncertainty assessing Italian reforms

Geron, Devis - 2009

This paper analyzes the welfare effects of the Italian social security system in an economy with uncertainty on wages, financial market returns and life expectancy. The introduction of a pension system reproducing the Italian statutory scheme turns out to decrease ex-ante individual welfare,...

Persistent link: https://www.econbiz.de/10003888079

Trade costs, market access and economic geography : why the empirical specification of trade costs matters

Bosker, Maarten (contributor); Garretsen, Harry (contributor) - 2007

Persistent link: https://www.econbiz.de/10003597976

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