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We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...
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We exploit migration patterns from the UK to Australia, South Africa, and the US to investigate whether a person's decision to smoke is determined by culture. For each country, we use retrospective data to describe individual smoking trajectories over the life-course. For the UK, we use these...
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rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … highest and most equally distributed homeownership in this country as well. The mortgage market in Germany is on the other …
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