extensive simulation study and out-of-sample prediction exercise and find large improvements both in model selection and … prediction compared to alternative selection methods. Our proposed method has higher out-of-sample Sharpe ratios and explanatory …

factors also contribute to a higher risk of long-term unemployment. Surprisingly, workers from the construction sector do not …

classification of Dutch manufacturing that can be used for policy purposes. We use a twolimit tobit model with sample selection … innovative sales. The model is estimated for eleven industries based on the Dutch Standard Industrial Classification (SBI 1993 …

find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …

Consumption risk sharing among U.S. federal states increases in booms and decreases in recessions. We find that small … aggregate risk sharing are more pronounced in states in which small firms account for a large share income or employment. In … to have loosened the dependence of aggregate risk sharing on the business cycle. Not only do our result support that …