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Australian Government Balance Sheet Management
Au-Yeung, Wilson - 2010
balance sheet liabilities, such as public sector superannuation. Australia will be developing a significant financial asset …
Persistent link: https://www.econbiz.de/10012761284
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Corporate Demand for Insurance : New Evidence from the U.S. Terrorism and Property Markets
Michel-Kerjan, Erwann - 2013
Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate policy from commercial property coverage. In this paper, we determine whether companies differ in their demand for property and terrorism insurance. Using a unique dataset of...
Persistent link: https://www.econbiz.de/10013074297
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The Effects of Tax-Law Changes on Property-Casualty Insurance Prices
Bradford, David F.; Logue, Kyle D. - 2021
During the 1980s, the federal income tax treatment of property-casualty insurers and their policyholders underwent several important changes, the most significant of which came in 1986. This paper develops theoretical predictions for how these changes should have affected the equilibrium prices...
Persistent link: https://www.econbiz.de/10013223880
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National Survey Evidence on Disasters and Relief : Risk Beliefs, Self-Interest, and Compassion
Viscusi, W. Kip - 2012
A nationally representative sample of respondents estimated their fatality risks from four types of natural disasters, and indicated whether they favored governmental disaster relief. For all hazards, including auto accident risks, most respondents assessed their risks as being below average,...
Persistent link: https://www.econbiz.de/10012755455
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Goals and Plans in Protective Decision Making
Krantz, David - 2012
Protective decisions are often puzzling. Among other anomalies, people insure against non-catastrophic events, underinsure against catastrophic risks, and allow extraneous factors to influence insurance purchases and other protective decisions. Neither expected utility theory nor prospect theory...
Persistent link: https://www.econbiz.de/10012755476
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The Effect of Evaluation on Performance : Evidence from Longitudinal Student Achievement Data of Mid-Career Teachers
Taylor, Eric S. - 2011
The effect of evaluation on employee performance is traditionally studied in the context of the principal-agent problem …. Evaluation can, however, also be characterized as an investment in the evaluated employee's human capital. We study a sample of … mid-career public school teachers where we can consider these two types of evaluation effect separately. Employee …
Persistent link: https://www.econbiz.de/10013128610
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Estimation and Evaluation of DSGE Models : Progress and Challenges
Schorfheide, Frank - 2011
advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future …
Persistent link: https://www.econbiz.de/10013130259
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Estimation and Evaluation of Conditional Asset Pricing Models
Nagel, Stefan - 2010
We find that several recently proposed consumption-based models of stock returns, when evaluated using an optimal set of managed portfolios and the associated model-implied conditional moment restrictions, fail to capture key features of risk premiums in equity markets. To arrive at these...
Persistent link: https://www.econbiz.de/10013137023
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Life-Cycle Consumption and the Age-Adjusted Value of Life
Kniesner, Thomas J. - 2012
Our research examines empirically the age pattern of the implicit value of life revealed from workers' differential wages and job safety pairings. Although aging reduces the number of years of life expectancy, aging can affect the value of life through an effect on planned life-cycle...
Persistent link: https://www.econbiz.de/10013115884
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Regression Discontinuity Designs with an Endogenous Forcing Variable and an Application to Contracting in Health Care
Bajari, Patrick - 2011
Regression discontinuity designs (RDDs) are a popular method to estimate treatment effects. However, RDDs may fail to yield consistent estimates if the forcing variable can be manipulated by the agent. In this paper, we examine one interesting set of economic models with such a feature....
Persistent link: https://www.econbiz.de/10013117577