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Social impact bonds (SIBs) are an innovative financing mechanism for public goods. In a SIB, an investor provides capital to a service provider for a social intervention. The investor receives a return based on the outcome of the intervention relative to a predetermined benchmark. We describe...
Persistent link: https://www.econbiz.de/10012829219
In this paper we develop a job portfolio model of dual job holding based on a Stone-Geary utility function. We derive the associated Slutsky equation components. Because the job portfolio model applies only to unconstrained dual jobholders, we separate individuals who moonlight because of an...
Persistent link: https://www.econbiz.de/10012783284
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and possible confounders such as financial literacy,...
Persistent link: https://www.econbiz.de/10012977336
Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We provide a direct test of this prediction in a representative sample of the Dutch population. Using individual-level data on return expectations for a broad...
Persistent link: https://www.econbiz.de/10013406448
existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding … both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the … empirical relevance of hedging effects in the lab. We find no evidence for hedging, comparing the standard "hedging …
Persistent link: https://www.econbiz.de/10013325138
In this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage …-Blinder decomposition to measure the extent to which this disparate treatment of lenders in mortgage pricing against immigrants is due to …
Persistent link: https://www.econbiz.de/10013128211
Insights to detect ensuing mortgage delinquencies. Such searches locate documents which assist to write a successful loan …
Persistent link: https://www.econbiz.de/10013114318
. We contribute to the literature in distinguishing homeowners with mortgage payments and outright homeowners. We … homeowner, a homeowner with mortgage payments or a tenant by a mixed multinomial logit model. To be able to correctly identify … results show that homeowners with a mortgage exit unemployment first. Outright owners stay unemployed the longest. Tenants …
Persistent link: https://www.econbiz.de/10013072160
having a mortgage in Spain. Similarly, the higher the mortgage depth in the country of ancestry, the higher the present value … of the monthly mortgage payments. Our results suggest that social norms regarding mortgage finance in the country of … ancestry matter in determining immigrants' mortgage finance in the host country. More specifically, the effect of social norms …
Persistent link: https://www.econbiz.de/10012926734
amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
Persistent link: https://www.econbiz.de/10012861296