Showing 1 - 10 of 5,937
-announcement times. We use a heteroskedasticity-based procedure to estimate a "Fed non-yield shock", which is orthogonal to yield changes … and is identified from excess volatility in the S&P 500 and various dollar exchange rates. A positive non-yield shock …-yield shock is essentially uncorrelated with previous monetary policy shocks and its effects are large in comparison. Its strong …
Persistent link: https://www.econbiz.de/10014576665
The Pension Benefit Guarantee Corporation becomes the trustee for private defined benefit plans that have defaulted. The PBGC pays retirement benefits as provided by the plan and that are consistent with federal guidelines concerning the type and amounts of distributions. In response to a...
Persistent link: https://www.econbiz.de/10014322865
Using a semi-supervised topic model on 7,000,000 New York Times articles spanning 160 years, we test whether topics of media discourse predict future stock and bond market returns to test rational and behavioral hypotheses about market valuation of disaster risk. Focusing on media discourse...
Persistent link: https://www.econbiz.de/10014287305
We study public vs. private provision of health care for veterans aged 65 and older who may receive care provided by … of Doyle et al. (2015), we find that the VA reduces 28-day mortality by 46% (4.5 percentage points) and that these … relative to private hospitals. We find suggestive evidence of complementarities between continuity of care, health IT, and …
Persistent link: https://www.econbiz.de/10012938734
We characterize how risk evolves during a crisis. Using high-frequency data, we find that the first two principal components (PCs) of the covariance matrix of global asset returns experience large, sudden, and temporary spikes coinciding with well-known crises - Covid-19 pandemic, Global...
Persistent link: https://www.econbiz.de/10014635656
We study the impact of the 1918 Spanish Flu on U.S. stock prices. We use the death rate to control for the impact of the global pandemic and war news reported in the New York Times to capture the positive effects of the end of World War I on stock prices. Using a new weekly hand collected NYSE...
Persistent link: https://www.econbiz.de/10012482574
We examine whether loss of emergency department services is associated with county-level mortality rates in rural areas … emergency department closure on all-cause mortality; drug, alcohol, and suicide deaths; or AMI mortality. We find that closure …, as well as an increase in AMI mortality in the South and West …
Persistent link: https://www.econbiz.de/10014512043
-stamped electronic health record data from two large hospitals, we document that in-hospital mortality increased more for Black patients …A growing literature has documented racial disparities in health care. We argue that racial disparities may be … greater mortality consequences from prolonged wait times. Finally, the largest racial disparities in mortality were among …
Persistent link: https://www.econbiz.de/10013362034
Good health is important for employment at older ages. However, little is known about how health-related functional … capacity by race/ethnicity and gender are small, suggesting health is not a major driver of observed earnings disparities …
Persistent link: https://www.econbiz.de/10013210064
"boomerang" back home impact their parents in their pre-retirement and post-retirement years. We use data from the Health and … well as on their wealth, health, and life satisfaction. Event study analysis suggests that boomerang children return home … there any evidence that they affect parents' wealth, health, or life satisfaction …
Persistent link: https://www.econbiz.de/10013537757