strong dependence, respectively. The factor exhibits a robust negative correlation with market measures of aggregate risk …

The co-dependence between assets tends to increase when the market declines. This paper develops a correlation measure … focusing on market declines using the expected shortfall (ES), referred to as the ES-implied correlation, to improve the … existing value at risk (VaR)-implied correlation. Simulations which define period-by-period true correlations show that the ES …

measures such as intergenerational regression coefficient and intergenerational correlation. However, most of the available … coefficient and intergenerational correlation. This paper provides evidence on this in the context of intergenerational schooling … persistence, using two exceptional surveys from India and Bangladesh that include all children irrespective of residency status …