Showing 1 - 10 of 11
Returns merely based on one purchasing price of an asset are uninformative for people regularly contributing to their old-age provision. Here, each purchase has an influence on the outcome. Still, they are commonly used in finance literature, giving an overly optimistic view of expected...
Persistent link: https://www.econbiz.de/10010189923
This paper evaluates the Morningstar mutual fund ranking system. We find that indeed higher Morningstar ratings are associated with higher returns on the portfolios including respectively five-, four-, three-, two- and one-star funds only (STAR5 to STAR1). We then perform an unconditional and...
Persistent link: https://www.econbiz.de/10003823971
burden with respect to gainful employment and providing care. We propose a family working time model that incentivizes … fathers and – contrary to most conventional family policies – actively promotes the dual earner/dual carer paradigm. Combining … microsimulation and labor supply estimation, we empirically analyze the potential of the family working time model in the German …
Persistent link: https://www.econbiz.de/10011526058
first child raised fertility and increased the probability that the family was living without a father. We find that for our …
Persistent link: https://www.econbiz.de/10012119937
This paper investigates the impact of unemployment on the propensity to start a family. Unemployment is accompanied by … bad occupational prospects and impending economic deprivation, placing the well-being of a future family at risk. I … UK (1994-2001). The results highlight spurious negative effects of unemployment on family formation among men, which can …
Persistent link: https://www.econbiz.de/10003785156
of family formation, a lengthy process of occupational integration tends to delay the transition to parenthood for both …
Persistent link: https://www.econbiz.de/10003746620
We use US household survey data from 2001-2017 to investigate whether monetary policy has heterogeneous effects on women's and men's financial portfolio decisions by analyzing their equity investment. On the one hand, monetary policy significantly affects the entry decisions of women, but not of...
Persistent link: https://www.econbiz.de/10012146870
This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly...
Persistent link: https://www.econbiz.de/10003885103
This study investigates the role of gender in financial risk-taking. Specifically, I ask whether female investors tend to fund less risky investment projects than males. To answer this question, I use real-life investment data collected at the largest German market for peer-to-peer lending....
Persistent link: https://www.econbiz.de/10009427869
In this paper we investigate the analytical and empirical linkages between firms' capital investment behavior and financial frictions arising from asymmetric information, proxied by firms' liquidity and degree of uncertainty. Measures of intrinsic and extrinsic uncertainty are derived from...
Persistent link: https://www.econbiz.de/10003394918