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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...
Persistent link: https://www.econbiz.de/10003949496
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...
Persistent link: https://www.econbiz.de/10009696931
In addition to providing useful skills, education may also yield valuable information about one's tastes and talents. This paper exploits an exogenous difference in the timing of academic specialization within the British system of higher education to test whether education provides such...
Persistent link: https://www.econbiz.de/10013153976
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 …
Persistent link: https://www.econbiz.de/10003726010
and the Socio-Economic Panel in Germany we find gains from economic growth in the United States over their 1990s business …-1989). Furthermore, they were more equitably distributed than were the gains in Germany over their 1990s business cycle (1991 … States and Great Britain the entire income distribution moved upward in the 1990s. In Germany, as was the case in the United …
Persistent link: https://www.econbiz.de/10003315460
This paper compares child poverty dynamics cross-nationally using panel data from seven nations: the USA, Britain …, Germany, Ireland, Spain, Hungary and Russia. As well as using standard relative poverty definitions the paper examines flows … transition has led to a much higher degree of mobility. Interestingly, the USA, which has the highest level of relative poverty …
Persistent link: https://www.econbiz.de/10011433962
countries (the US, West Germany, Denmark, Italy, and the United Kingdom), whose fertility rates span the observed fertility …
Persistent link: https://www.econbiz.de/10011438624
This paper addresses the issue of estimating and forecasting productivity growth trends in the US and Germany from the …
Persistent link: https://www.econbiz.de/10002637885
This working paper presents Chapter 7 of a book to be published for the National Bureau of Economic Research by the University of Chicago Press. The point of the book is to compare taxes on income from capital in four countries,accounting for corporate, personal, and property taxes, and...
Persistent link: https://www.econbiz.de/10013224427
taken into account. Comparisons of Engel curves are also made to households in Great Britain and Germany. Results from …
Persistent link: https://www.econbiz.de/10013309366