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Stock investments for old-age : less return, more risk, and unexpected timing

Ulbricht, Dirk - 2013

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

Selectivity, market timing and the Morningstar star-rating system

Antypas, Antonios; Caporale, Guglielmo Maria; … - 2009

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

Gender-specific effects of unemployment on family formation : a cross-national perspective

Schmitt, Christian (contributor) - 2008

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

Meet the parents? : the causal effect of family size on the geographic distance between adult children and older parents

Holmlund, Helena; Rainer, Helmut; Siedler, Thomas - 2009

An emerging question in demographic economics is whether there is a link between family size and the geographic …. However, when we use multiple births and sibship sex composition as instruments for family size, we do not find any evidence … that the observed positive relationship represents a causal effect. Given that family sizes are continuing to fall in many …

Persistent link: https://www.econbiz.de/10003879576

Labour market integration and the transition to parenthood : a comparison of Germany and the UK

Schmitt, Christian (contributor) - 2008

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

What can happiness research tell us about altruism? : Evidence from the German socio-economic panel

Schwarze, Johannes (contributor); … - 2005

Much progress has been made in recent years on developing and applying a direct measure of utility using survey questions on subjective well-being. In this paper we explore whether this new type of measurement can be fruitfully applied to the study of interdependent utility in general, and...

Persistent link: https://www.econbiz.de/10002765797

Does grandparenting pay off for the next generations? : intergenerational effects of grandparental care

Barschkett, Mara; Spieß, C. Katharina; Ziege, Elena - 2021

Grandparents act as the third largest caregiver after parental care and daycare in Germany, as in many Western societies. Adopting a double-generation perspective, we investigate the causal impact of this care mode on children's health, socio-emotional behavior, and school outcomes, as well as...

Persistent link: https://www.econbiz.de/10012651659

Firm investment and financial frictions

Baum, Christopher F. (contributor); … - 2006

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

Currency futures' risk premia and risk factors

Bernoth, Kerstin; Hagen, Jürgen von; Vries, Casper G. de - 2020

The use of futures exchange contracts instead of forwards completes the maturity spectrum of the correlation between the spot yield and the premium. We ﬁnd that the forward premium puzzle (FFP) depends signiﬁcantly on the maturity horizon of the futures contract and the choice of sampling...

Persistent link: https://www.econbiz.de/10012209529