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, while the time span of the data remains fixed, and the cross-sectional dimension is fixed or increasing. We derive a Central … Limit Theorem (CLT) for the cross-sectional beta dispersion at a point in time, enabling us to test whether this quantity … beta dispersion, as a function of time-of-day, changes across days. We extend this further by developing inference …
Persistent link: https://www.econbiz.de/10012480274
; is U-shaped in age and un-trended over time in the USA although they are trended up in a number of EU countries and …National Time Accounting is a way of measuring society's well-being, based on time use. Its explicit form is the U …-index, for "unpleasant" or "undesirable", which measures the proportion of time an individual spends in an unpleasant state. In …
Persistent link: https://www.econbiz.de/10012464330
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
This paper attempts to assess whether money can generate persistent economic" fluctuations in dynamic general equilibrium models of the business cycle. We show that a small" nominal friction in the goods market can make the response of output to monetary shocks large" and persistent if it is...
Persistent link: https://www.econbiz.de/10012472554
winners from the first study cohort were slightly less likely to graduate on time than control applicants, suggesting that …
Persistent link: https://www.econbiz.de/10012455665
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
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
math tests, have larger test score gains over time, have fewer absences and disciplinary incidents, are less likely to …
Persistent link: https://www.econbiz.de/10012456138
average returns. This rules out typical risk-based explanations and is a challenge to structural models of time …
Persistent link: https://www.econbiz.de/10012456467
This paper considers the potential relationship between providing care for grandchildren and retirement, among women nearing retirement age. Using 47,400 person-wave observations from the Health and Retirement Study (HRS), we find the arrival of a new grandchild is associated with a more than...
Persistent link: https://www.econbiz.de/10012457910