Showing 1 - 10 of 651
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
Traders in global markets operate at different local times-of-day. Suboptimal times-of-day may produce sleepiness due to daily variations in sleep/wake patterns and possibly also increased accumulation of hours awake. Global asset markets imply significantly increased heterogeneity in circadian...
Persistent link: https://www.econbiz.de/10012947730
This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10013138268
and flows via non-participation. Close to two-thirds of the volatility of unemployment in the UK over this period can be …
Persistent link: https://www.econbiz.de/10013123583
This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10013038587
little evidence about whether having more education causes employees to experience lower earnings volatility or shelters them … 1972 increase in compulsory schooling on earnings volatility over the life cycle. Our estimates suggest that men exposed to … evidence that education affects earnings volatility of older men …
Persistent link: https://www.econbiz.de/10012943711
We provide new evidence about earnings and labour market volatility in Britain over the period 1992-2008, and for women … as well as men. (Most research about volatility refers to earnings volatility for US men.) We show that earnings … volatility declined slightly for both men and women over the period but the changes are not statistically significant. When we …
Persistent link: https://www.econbiz.de/10013078825
associated with better mental health while greater uncertainty, as measured by index volatility, is associated with poorer mental …
Persistent link: https://www.econbiz.de/10013098468
This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany's nuclear reactors while...
Persistent link: https://www.econbiz.de/10013121551
This paper studies the value of firms and their hiring and firing decisions in an environment where the productivity of the workers depends on how well they match with their co-workers and the firm acts as a coordinating device. Match quality derives from a production technology whereby workers...
Persistent link: https://www.econbiz.de/10013104660