Showing 1 - 10 of 241
A number of theories have been advanced to explain the size and timing of intergenerational transfers. One factor only recently explored is the effects of taxes, and in particular the estate tax, on such transfers. This paper represents the first attempt to explore how capital gains and gift...
Persistent link: https://www.econbiz.de/10012467662
to predict stock or bond market returns. Recent research argues that these results may be driven by an aggregate time …
Persistent link: https://www.econbiz.de/10012467866
Recent work has revived the Schumpeterian hypothesis that recessions facilitate innovation and growth. But a major source of productivity growth, research and development, is actually procyclical. This paper argues that while it is optimal to concentrate growth-enhancing activities in downturns,...
Persistent link: https://www.econbiz.de/10012467949
This is the first paper to statistically examine the timing of interest group lobbying. It introduces a theoretical framework based on recurring structural policy windows' and argues that these types of windows should have a large effect on the intensity and timing of interest group activity....
Persistent link: https://www.econbiz.de/10012468105
Time is money, and distance matters. We model the interaction of these truisms, and show the implications for global …
Persistent link: https://www.econbiz.de/10012468969
Participation (SIPP). We then exploit variation in laws governing divorce across states and over time to quasi … divorce significantly increases the probability of full-time employment later in life, and significantly decreases retirement … does not impact full-time employment after age 50 but is positively associated with investment in education post marriage …
Persistent link: https://www.econbiz.de/10012455942
Uncertainty about the timing of retirement is a major financial risk with implications for decision making and welfare over the life cycle. We estimate that the standard deviation of the difference between retirement expectations and actual retirement dates ranges from 4.28 to 6.92 years. We...
Persistent link: https://www.econbiz.de/10012456070
In October 2014, all 4,494 undergraduates at the Massachusetts Institute of Technology were given access to Bitcoin, a decentralized digital currency. As a unique feature of the experiment, students who would generally adopt first were placed in a situation where many of their peers received...
Persistent link: https://www.econbiz.de/10012456083
The purposes of this paper are to describe some conceptual and empirical foundations of "healthy-time" measures of … framework, surveys some of the healthy-time outcome/quality measures in use across a variety of contexts and applications …, explores how data from the U.S. Medical Expenditure Panel Survey (MEPS) might be used to develop ongoing healthy-time measures …
Persistent link: https://www.econbiz.de/10012456117
We use new timestamp data from the two Securities Information Processors (SIPs) to examine SIP reporting latencies for quote and trade reports. Reporting latencies average 1.13 milliseconds for quotes and 22.84 milliseconds for trades. Despite these latencies, liquidity-taking orders gain on...
Persistent link: https://www.econbiz.de/10012456128