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England and Wales: stable fertility and pronounced social status differences

Sigle-Rushton, Wendy - London School of Economics (LSE) - 2008

For nearly three decades, the total fertility rate in England and Wales has remained high relative to other European … countries, and stable at about 1.7 births per woman. In this chapter, we examine trends in both period and cohort fertility … and quantum of fertility. Breaking with a market-oriented and laissez-faire approach to work and family issues, the last …

Persistent link: https://www.econbiz.de/10010745633

Fertility and union dissolution in Brazil: an example of multi-process modelling using the Demographic and Health Survey calendar data

Leone, Tiziana; Hinde, Andrew - London School of Economics (LSE) - 2007

between union instability and fertility in Brazil which has been long understudied. Using the example of Brazil it … fertility in Brazil using multiprocess event history analysis techniques as developed by Lillard (1993). This type of … countries mainly due to the lack of data. The paper will demonstrate the positive effect of union instability on fertility. …

Persistent link: https://www.econbiz.de/10010746580

Top team demographics, innovation and business performance: findings from English firms and cities 2008-9

Nathan, Max - London School of Economics (LSE) - 2013

National Business Survey. I construct measures of diversity and sameness across ethnicity and gender 'bases', alongside …

Persistent link: https://www.econbiz.de/10011125961

School quality, child wellbeing and parents' satisfaction

Gibbons, Stephen; Silva, Olmo - London School of Economics (LSE) - 2009

Researchers in economics of education usually assume that parents choose schools for their high academic performance, with some support from revealed preference evidence based on local house prices. However, anecdotal evidence and common sense suggest that school quality is not one-dimensional...

Persistent link: https://www.econbiz.de/10010745351

Does the bond-stock earning yield differential model predict equity market corrections better than high P/E models?

Lleo, Sebastien; Ziemba, William T. - London School of Economics (LSE) - 2014

In this paper, we extend the literature on crash prediction models in three main respects. First, we relate explicitly crash prediction measures and asset pricing models. Second, we present a simple, effective statistical significance test for crash prediction models. Finally, we propose a...

Persistent link: https://www.econbiz.de/10011163496

The economics of collateral

Anderson, Ronald W.; Jõeveer, Karin - London School of Economics (LSE) - 2014

In this paper we study how the use of collateral is evolving under the influence of regulatory reform and changing market structure. We start with a critical review of the recent empirical literature on the supply and demand of collateral which has focussed on the issue of ‘collateral...

Persistent link: https://www.econbiz.de/10011163500

Optimal capital growth with convex shortfall penalties

MacLean, Leonard C.; Zhao, Yonggan; Ziemba, William T. - London School of Economics (LSE) - 2014

The optimal capital growth strategy or Kelly strategy, has many desirable properties such as maximizing the asympotic long run growth of capital. However, it has considerable short run risk since the utility is logarithmic, with essentially zero Arrow-Pratt risk aversion. Most investors favor a...

Persistent link: https://www.econbiz.de/10011163505

Bitcoin and the PPP Puzzle

de Roure, Calebe; Tasca, Paolo - London School of Economics (LSE) - 2014

This paper approaches the PPP puzzle by using the Bitcoin/US Dollar exchange rate. The use of the virtual currency as macroeconomic laboratory allows us to remove frictions that previously impeded the empirical demonstration of the law of one price. We show that price adjustments are still far...

Persistent link: https://www.econbiz.de/10011163507

Custody chains and remoteness: disconnecting investors from issuers

Micheler, Eva - London School of Economics (LSE) - 2014

This paper shows that the current market infrastructure systemically prevents investors, both shareholders and bondholders, from exercising their rights against issuers. Equity and debt securities are now normally held through a chain of custodians. These custodians are connected with each other...

Persistent link: https://www.econbiz.de/10011163509

Model risk of risk models

Danielsson, Jon; James, Kevin R.; Valenzuela, Marcela; … - London School of Economics (LSE) - 2014

This paper evaluates the model risk of models used for forecasting systemic and market risk. Model risk, which is the potential for different models to provide inconsistent outcomes, is shown to be increasing with and caused by market uncertainty. During calm periods, the underlying risk...

Persistent link: https://www.econbiz.de/10011163510