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A theory of social impact bonds
Tortorice, Daniel L.; Bloom, David E.; Kirby, Paige; … - 2020
Social impact bonds (SIBs) are an innovative financing mechanism for public goods. In a SIB, an investor provides capital to a service provider for a social intervention. The investor receives a return based on the outcome of the intervention relative to a predetermined benchmark. We describe...
Persistent link: https://www.econbiz.de/10012243331
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Belief elicitation in experiments : is there a hedging problem?
Blanco, Mariana; Engelmann, Dirk; Koch, Alexander K.; … - 2008
existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding … both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the … empirical relevance of hedging effects in the lab. We find no evidence for hedging, comparing the standard hedging-proneʺ belief …
Persistent link: https://www.econbiz.de/10003719630
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A survey of hedge and safe havens assets against G-7 stock markets before and during the COVID-19 pandemic
Ozdemir, Huseyin; Ozdemir, Zeynel Abidin - 2021
show that the hedging effectiveness of gold, Bitcoin, and crude oil varies overtime before the Covid-19 pandemic …
Persistent link: https://www.econbiz.de/10012705552
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Does it pay to bet on your favourite to win? : evidence on experienced utility from the 2018 FIFA World Cup experiment
Kossuth, Lajos; Powdthavee, Nattavudh; Harris, Donna; … - 2019
This paper examined whether people gained significant emotional benefits from not engaging in emotional hedging … the tournament. This decision not to offset a potential loss through hedging did not pay off in people's happiness …
Persistent link: https://www.econbiz.de/10012105019
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Employment effects of welfare reforms : evidence from a dynamic structural life-cycle model
Haan, Peter (contributor); Prowse, Victoria (contributor);  … - 2008
In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from...
Persistent link: https://www.econbiz.de/10003716521
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Social change
Greenwood, Jeremy (contributor); Guner, Nezih (contributor) - 2008
A society is characterized by the common attitudes and behavior of its members. Such behavior reflects purposive decision making by individuals, given the environment they live in. Thus, as technology changes, so might social norms. There were big changes in social norms during the 20th century,...
Persistent link: https://www.econbiz.de/10003716525
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Fixed effects bias in panel data estimators
Buddelmeyer, Hielke; Jensen, Paul H.; Oguzoglu, Umut; … - 2008
Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet's bias-corrected LSDV and GMM estimators all perform well in both short and long panels....
Persistent link: https://www.econbiz.de/10003716527
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Do migrants get good jobs in Australia? : the role of ethnic networks in job search
Mahuteau, Stéphane (contributor);  … - 2008
We study the role of ethnic networks in migrants' job search and the quality of jobs they find in the first years of settlement. We find that there are initial downward movements along the occupational ladder, followed by improvements. As a result of restrictions in welfare eligibility since...
Persistent link: https://www.econbiz.de/10003716528
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Human capital externalities and the urban wage premium : two literatures and their interrelations
Halfdanarson, Benedikt (contributor);  … - 2008
In this paper we survey the recent developments in two empirical literatures at the crossroads of labor and urban economics: Studies about localized human capital externalities (HCE) and about the urban wage premium (UWP). After surveying the methods and main results of each of these two...
Persistent link: https://www.econbiz.de/10003716532
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Rule of law, institutional quality and information
Bruno, Randolph (contributor) - 2008
The focus of this paper is the analysis of the persistent lawlessness attitude observed in some transition and developing countries where an overall increase in the quality of institutions is recorded. The mechanism of information diffusion on institutional quality is explored using a model...
Persistent link: https://www.econbiz.de/10003716535