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It is notoriously difficult to identify peer effects within the family, because of the common shocks and reflection problems. We make use of a novel identification strategy and unique data in order to gain some purchase on this problem. We employ data from the universe of children born in...
Persistent link: https://www.econbiz.de/10011610897
Men have fallen behind women in education in developed countries. Why? I study the impact of a transitory increase in the opportunity cost of schooling on men's and women's educational attainment. I exploit a reform in Iceland that lowered income taxes to zero for one year and compare teenagers...
Persistent link: https://www.econbiz.de/10014251210
Persistent link: https://www.econbiz.de/10003499576
Does the composition of governance affect firm outcomes? We exploit the timings and thresholds of a gender quota in boards of directors and supervisory boards to causally determine the impact of a change in leadership on performance. Using a novel design and data on boards, we find that firms...
Persistent link: https://www.econbiz.de/10013266065
We analyze (frequency) connectedness and portfolio hedging among U.S. energy commodities from 1997 to 2023. We show …
Persistent link: https://www.econbiz.de/10014456134
Mexico experienced a tremendous expansion of its export-processing maquila sector during the 1990s. At the same time, a large proportion of its labor force remains employed in the informal sector. Since one of the main objectives of the maquiladora program was to increase formal employment, we...
Persistent link: https://www.econbiz.de/10009489292
the impact of the recent reform on allowance prices. By including bounded rationality such as myopia or hedging …-ante in the decision making of the firms. Myopia and hedging requirements have little impact in the prereform market but … strongly drive market outcomes after the reform. In the post-reform market, hedging requirements in combination with …
Persistent link: https://www.econbiz.de/10012291879
sensitivity and damage rate hedging effects to deal with future economic and climatic and damage risks. …
Persistent link: https://www.econbiz.de/10011996310
to higher delinquencies and interest rates, while exports are unaffected. Natural and financial hedging successfully mute …
Persistent link: https://www.econbiz.de/10014304470
Persistent link: https://www.econbiz.de/10003641668