Narrow search
Showing 1 - 10 of 2,752
Cover Image
Asset Insulators
Chodorow-Reich, Gabriel - 2018
We propose that financial institutions can act as asset insulators, holding assets for the long run to protect their valuations from consequences of exposure to financial markets. We demonstrate the empirical relevance of this theory for the balance sheet behavior of a large class of...
Persistent link: https://www.econbiz.de/10012911716
Cover Image
An Empirical Examination of Information Barriers to Trade in Insurance
Cawley, John - 2010
This paper tests restrictions implied by the canonical theory of insurance under asymmetric information using ideal data that contains the self-perceived and actual mortality risk of individuals, as well as the price and quantity of their life insurance. We report several findings which are hard...
Persistent link: https://www.econbiz.de/10012763899
Cover Image
Multiple Dimensions of Private Information in Life Insurance Markets
Wu, Xi - 2015
Conventional theory for private information of adverse selection predicts a positive correlation between insurance coverage and ex post risk. This paper shows the opposite in the life insurance market despite the clear evidence of private information on mortality risk. The reason for this...
Persistent link: https://www.econbiz.de/10013034714
Cover Image
Market Evidence of Misperceived Prices and Mistaken Mortality Risks
Bhattacharya, Jay; Goldman, Dana P.; Sood, Neeraj - 2021
We construct and implement a test of rational consumer behavior in a highstakes financial market. In particular, we test whether consumers make systematic mistakes in perceiving their mortality risks. We implement this test using data from secondary life insurance markets where consumers with a...
Persistent link: https://www.econbiz.de/10013311182
Cover Image
How to Construct Nationally Representative Firm Level Data from the ORBIS Global Database : New Facts and Aggregate Implications
Kalemli-Ozcan, Sebnem - 2015
We construct representative firm-level longitudinal data for twenty-seven European countries using financial statements from the Orbis global database, providing a “how-to” guide on the construction. We validate our dataset by comparing its aggregate coverage to official statistics and...
Persistent link: https://www.econbiz.de/10013015543
Cover Image
Multivariate Fractional Regression Estimation of Econometric Share Models
Mullahy, John - 2010
proposed by Papke and Wooldridge, 1996, 2008, in univariate cross-sectional and panel contexts. The paper discusses the … econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression … estimation strategies proposed by Papke and Wooldridge and to extend the fractional regression approach to estimation of and …
Persistent link: https://www.econbiz.de/10013138354
Cover Image
Convergence and Modernization Revisited
Barro, Robert J. - 2012
"iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization …In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate …
Persistent link: https://www.econbiz.de/10013101830
Cover Image
Revisiting the Minimum Wage-Employment Debate : Throwing Out the Baby with the Bathwater?
Neumark, David - 2013
studies claiming that the standard panel data approach used in much of the "new minimum wage research" is flawed because it …
Persistent link: https://www.econbiz.de/10013088692
Cover Image
The Tax Sensitivity of Foreign Direct Investment : Evidence from Firm-Level Panel Data
Cummins, Jason G. - 2009
previously unexplored (for this purpose) panel data on FDI by subsidiaries of U.S. multinational firms collected by Compustat …
Persistent link: https://www.econbiz.de/10013155967
Cover Image
Women,Wealth Effects, and Slow Recoveries
Fukui, Masao - 2018
Business cycle recoveries have slowed in recent decades. This slowdown comes entirely from female employment: as women's employment rates converged towards men's over the course of the past half-century, the growth rate of female employment slowed. But does the slowdown in the growth of female...
Persistent link: https://www.econbiz.de/10012907136