Dieses Papier beschäftigt sich mit dem Herdenverhalten (“Herding”) vonInvestmentfondsmanagern in Folge von Analystenempfehlungen. Dabei wird zunächstuntersucht, ob sich überhaupt ein gleichgerichtetes Verhalten der Fondsmanager nachVeröffentlichung einer Analystenempfehlung beobachten...

There is emerging evidence to suggest that initial differentials between thehealth of poor and more affluent children in the UK do not widen over earlychildhood. One reason may be that through the universal public funded healthcare system all children have access to equally effective primary...

This paper argues that our understanding of income and poverty dynamicsbenefits from taking a life cycle perspective. A person’s age and familycircumstances – the factors that shape their life cycle – affect the likelihood ofexperiencing key life events, such as partnership formation,...

The authors determine the time horizon on the risk of stock investments.