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Prices, policing and policy : the dynamics of crime booms and busts
Kirchmaier, Tom; Machin, Stephen; Sandi, Matteo; Witt, … - 2018
the case of metal crime, where in the face of big increases in value driven by world commodity prices, the incidence of … metal thefts in the UK (and elsewhere) rose very sharply in the 2000s. Early in the current decade, they fell sharply again … shows sizeable and significant metal crime-price elasticities, in line with the idea that changing economic returns do shape …
Persistent link: https://www.econbiz.de/10011853434
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Skewness expectations and portfolio choice
Drerup, Tilman H.; Wibral, Matthias; Zimpelmann, Christian - 2022
Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We provide a direct test of this prediction in a representative sample of the Dutch population. Using individual-level data on return expectations for a broad...
Persistent link: https://www.econbiz.de/10012805556
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Relationship between the real estate sector and the stock market in Chinese provinces
Di, Zeyu; Heshmati, Almas; Liu, Sijia - 2022
-term causality can provide good guidance for investors. This paper studies the causality and correlation relationship between the …
Persistent link: https://www.econbiz.de/10013172898
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Business education and portfolio returns
Altmejd, Adam; Jansson, Thomas; Karabulut, Yigitcan - 2024
Using university admission cutoffs that generate exogenous variation in college-major choices, we provide causal evidence that enrollment in a business or economics program leads individuals to invest significantly more in the stock market, earn higher portfolio returns, and ultimately...
Persistent link: https://www.econbiz.de/10014529731
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The impact of household capital income on income inequality : a factor decomposition analysis for Great Britain, Germany and the USA
Fräßdorf, Anna (contributor);  … - 2008
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...
Persistent link: https://www.econbiz.de/10003716531
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Graduate employment in the UK : an application of the Gottschalk-Hansen model
Grazier, Suzanne (contributor); O'Leary, Nigel (contributor) - 2008
There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate markups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education...
Persistent link: https://www.econbiz.de/10003741926
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Stochastic complementarity
Manzini, Paola; Mariotti, Marco; Ülkü, Levent - 2018
The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income variations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying...
Persistent link: https://www.econbiz.de/10011795820
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Real wages over the business cycle : OECD evidence from the time and frequency domains
Messina, Julian (contributor); Strozzi, Chiara (contributor) - 2008
positive correlation between the cyclicality of real wages and employment, suggesting that policy complementarities may … correlation ; labour market institutions …
Persistent link: https://www.econbiz.de/10003784405
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Education and mobility
Machin, Stephen (contributor); Pelkonen, Panu (contributor);  … - 2008
We show that the length of compulsory education has a causal impact on regional labour mobility. The analysis is based on a quasi-exogenous staged Norwegian school reform, and register data on the whole population. Based on the results, we conclude that part of the US-Europe difference, as well...
Persistent link: https://www.econbiz.de/10003778862
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Testing dependence among serially correlated multi-category variables
Pesaran, M. Hashem (contributor);  … - 2006
maximum canonical correlation between pairs of discrete variables. We also propose a trace canonical correlation test using …
Persistent link: https://www.econbiz.de/10003344606