This paper studies in some examples the role of information in a default-risk framework. In a first-passage model, we … and the default hazard process. In such cases, it is better avoiding the intensity approach for valuation of default …-sensitive contingent claims since the hazard processapproach is more efficient. …

the catastrophic losses, and an effort strategy (mitigation) aimed at reducing the frequency of such losses. The … optimal mix of mitigation/effort strategies allows to reduce the volatility of the economic growth rate, even if its level may …

disadvantage in British shipwrecks, and that there seems to be no association between duration of a disaster and the impact of …

gap in labour force participation. We highlight the role of two factors - international migration and education - on the … education and migration have a significant association with the gender gap in labour force participation in Tajikistan … participation by men domestically; increased female education, especially at the university and vocational level, increases female …

on education are examined empirically, at both the household and the individual level. Results are mixed, though the … balance of evidence weighs toward pro-male bias in spending on education at the household level. Results also indicate that …

school and significantly reduced the degree of heterogeneity in the Finnish primary and secondary education. We estimate the … the scores of students from families where parents had only basic education. …