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The coming wave : where do emerging market investors put their money?
Karolyi, G. Andrew; Ng, David Tat-chee; Prasad, Eswar S. - 2015
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10011347171
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The determination of wages and the gender wage gap : a survey
Kunze, Astrid - 2000
In this paper the extensive empirical literature on the gender wage gap is reviewed with particular attention given to the identification of the key parameters in the specified human capital wage regression models. This aspect has been of great importance in the literature chiefly for two...
Persistent link: https://www.econbiz.de/10011336850
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Can we test for bias in scientific peer-review?
Oswald, Andrew J. (contributor) - 2008
Science rests upon the reliability of peer review. This paper suggests a way to test for bias. It is able to avoid the … data from the field of economics. No scientific bias or favoritism is found (although the Journal of Political Economy …
Persistent link: https://www.econbiz.de/10003752848
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Prediction markets in theory and practice
Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006
Prediction Markets, sometimes referred to as "information markets", "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes...
Persistent link: https://www.econbiz.de/10003289880
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The wider economic impacts of high-skilled migrants : a survey of the literature
Nathan, Max - 2013
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call "the...
Persistent link: https://www.econbiz.de/10010196029
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Private information, human capital, and optimal “home bias” in financial markets
Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - 2011
deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance … models predict. Our model ascribes the "bias" to endogenous information acquisition bolstered by investors' human capital. We … understanding the global financial crisis of 2007-09. -- private information ; human capital ; home bias ; financial markets ; risky …
Persistent link: https://www.econbiz.de/10009516904
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New moneys under the new normal? : bitcoin and gold interdependence during COVID times
Agnese, Pablo; Thoss, Jonathan - 2021
Bitcoin in particular and so-called cryptocurrencies in general have shaken up the financial world and seem to be …
Persistent link: https://www.econbiz.de/10012517614
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Precious metal prices : a tale of four U.S. recessions
Agnese, Pablo; Garcia-del-Barrio, Pedro; Gil-Alaña, Luis A. - 2023
This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that gold still is the most prominent safe haven asset within...
Persistent link: https://www.econbiz.de/10014246740
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Predictability of asset returns and the efficient market hypothesis
Pesaran, M. Hashem - 2010
expectations ; forecast averaging ; equity premium puzzle …
Persistent link: https://www.econbiz.de/10003985756
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On the estimation of treatment effects with endogenous misreporting
Nguimkeu, Pierre; Denteh, Augustine; Tchernis, Rusty - 2018
effect having an opposite sign from the true effect. We present an expression for the asymptotic bias of both OLS and IV … estimators and discuss the conditions under which sign reversal may occur. We provide a method for eliminating this bias when …
Persistent link: https://www.econbiz.de/10011820585