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Pricing of idiosyncratic equity and variance risks
Gourier, Elise - 2016
This paper decomposes the risk premia of individual stocks into contributions from systematic and idiosyncratic risks … the variance of idiosyncratic returns. The estimation is performed on a time series of returns and option prices from 2006 … 80% of the equity and variance risk premia, respectively. I provide a categorization of sectors based on the risk profile …
Persistent link: https://www.econbiz.de/10011410917
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On investment and cycles in explicitely solved vintage capital models
Albis, Hippolyte d’; Drugeon, Jean-Pierre - 2020
Persistent link: https://www.econbiz.de/10012244586
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Growth, convergence and EU membership
Crespo Cuaresma, Jesús; Dimitz, Maria Antoinette; … - 2002
Persistent link: https://www.econbiz.de/10001671749
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A classical model of education, growth and distribution
Dutt, Amitava Krishna; Veneziani, Roberto - 2017
We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality-reducing. Expansive education policies may foster growth and...
Persistent link: https://www.econbiz.de/10011596523
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Notes on optimal growth, climate change calamities, adaptation and mitigation
Chisari, Omar O. - 2010
Persistent link: https://www.econbiz.de/10009306013
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Beyond GDP : modelling labour supply as a "free time" trade-off in a multiregional optimal growth model
Bosetti, Valentina; Ghersi, Frédéric - 2012
In this paper we develop the standard utility function of a Ramsey-type optimal growth model to account for a "market-time" vs. "free-time" trade-off. To do so, we introduce a free-time preference coefficient that measures the utility gained by deviating from a maximum labour supply defined as...
Persistent link: https://www.econbiz.de/10009565539
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The environment and directed technical change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - 2010
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10008735766
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The environment and directed technical change : Comment
Hourcade, Jean-Charles; Pottier, Antonin; Espagne, Etienne - 2011
This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield...
Persistent link: https://www.econbiz.de/10009419743
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Household saving and labor informality : the case of Chile
Schclarek, Alfredo; Caggia, Mauricio - 2015
This paper compares the saving behavior of formal and informal workers and additionally provides a socioeconomic and financial characterization of informal workers in Chile. The paper uses the Financial Household Survey conducted by the Central Bank of Chile in 2007, 2008, 2009 and 2010, which...
Persistent link: https://www.econbiz.de/10011290974
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Do behavioral drivers matter for healthcare decision-making in times of Crisis? : a study of low-income women in El Salvador during the COVID-19 pandemic
Bernal, Pedro; Daga, Giuliana; Kossuth, Lajos; López … - 2023
Understanding health-seeking behaviors and their drivers is key for governments to manage health policies. There is a growing literature on the role of cognitive biases and heuristics in health and care-seeking behaviors, but little is known of how they might be influenced during a context of...
Persistent link: https://www.econbiz.de/10014546236