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Who Cares About Stock Market Booms and Busts? Evidence from Data on Mental Health
Ratcliffe, Anita - 2012
This paper investigates the relationship between share prices and mental health, exploiting the availability of … interview dates in the British Household Panel Survey to match the level and changes in the FTSE All Share price index to … respondents over the period 1991-2008. We present evidence that the level, 6 month and yearly changes in the share price index are …
Persistent link: https://www.econbiz.de/10013098468
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Minimum Wages and Firm Value
Bell, Brian - 2016
How does the value of a firm change in response to a minimum wage hike? The evidence we have to date is not well-suited to answer this question, principally because events that have been studied are not completely unknown to the stock market or have uncertainty associated with them. This paper...
Persistent link: https://www.econbiz.de/10012992737
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The Coming Wave : Where Do Emerging Market Investors Put Their Money?
Karolyi, George Andrew - 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/10013013596
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League-Table Incentives and Price Bubbles in Experimental Asset Markets
Cheung, Stephen L. - 2011
to short-term paper returns. Those who rank highly attract a larger share of new fund inflows. Under conditions in which …
Persistent link: https://www.econbiz.de/10013124787
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To See is to Believe : Common Expectations in Experimental Asset Markets
Cheung, Stephen L. - 2012
We challenge the recent claim that mispricing in the experimental asset markets introduced by Smith, Suchanek, and Williams (1988) is merely an artefact of confusion over declining fundamental value, and can be eliminated through appropriate training. We instead propose that when training is...
Persistent link: https://www.econbiz.de/10013099096
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Give Me Your Wired and Your Highly Skilled : Measuring the Impact of Immigration Policy on Employers and Shareholders
Lin, Carl - 2013
The paper links finance theory to labor economics and political economy in the context of migration and immigration policy. Most research treating the impact of immigration has focused on the consequences for employees as measured by wages, earnings, and employment. Less is known about the...
Persistent link: https://www.econbiz.de/10013092819
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Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10013153172
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Wealth Shocks and Health Outcomes : Evidence from Stock Market Fluctuations
Schwandt, Hannes - 2014
Do wealth shocks affect the health of the elderly in developed countries? The economic literature is skeptical about such effects which have so far only been found for poor retirees in poor countries. In this paper I show that wealth shocks also matter for the health of wealthy retirees in the...
Persistent link: https://www.econbiz.de/10013050970
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Mind, Body, Bubble! Psychological and Biophysical Dimensions of Behavior in Experimental Asset Markets
Butler, David - 2018
Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...
Persistent link: https://www.econbiz.de/10012917090
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Do Board Gender Quotas Matter? Selection, Performance and Stock Market Effects
Ferrari, Giulia - 2018
higher share of female board directors, higher levels of education of board members, and a lower share of older members ….We then use the reform period as an instrument for the share of female directors and find no significant impact on firms …' performance. Interestingly, the share of female directors is associated with a lower variability of stock market prices. We also …
Persistent link: https://www.econbiz.de/10012920456