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The Racial Saving Gap Enigma: Unraveling the Role of Institutions
Belton, Willie; Uwaifo Oyelere, Ruth - Agricultural and Applied Economics Association - AAEA - 2008
of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an … scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions … be attributed solely to racial discrimination but can be explained by the response of culture to institutional …
Persistent link: https://www.econbiz.de/10005523050
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Why Do People Leave Bequests? For Love or Self-Interest? Evidence from a New International Survey of Bequest Plans
Horioka, Charles Yuji - School of Economics, University of the Philippines at … - 2014
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...
Persistent link: https://www.econbiz.de/10010778610
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Erwartungen und Sparen: wie wirken Arbeitslosigkeits- und Gesundheitserwartungen auf die Sparentscheidung von Haushalten?
Arent, Stefan - In: ifo Dresden berichtet 19 (2012) 02, pp. 13-18
konstant halten. Dieses Ziel lässt sich am einfachsten durch Sparen erreichen. Dabei stellt sich die Frage, ob bzw. wie …
Persistent link: https://www.econbiz.de/10011148751
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The review of black political economy
New York, NY : Springer; früher: New York, NY; teils: …; … - 1.1970 -
Persistent link: https://www.econbiz.de/10008371756
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Loan Pricing : Thinking Collateral
Akguen, Aydin - 2009
We introduce a framework that analyzes the interplay of credit risk and collateral market risk on loan pricing. That for, we decompose any loan in unsecured and secured part. We further consider explicitly the recovery process. The framework allows us to develop semi-analytical pricing formulas...
Persistent link: https://www.econbiz.de/10012721427
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Individual Investor Sentiment and Stock Returns - What Do We Learn from Warrant Traders?
Glaser, Markus - 2009
In this paper, we propose a measure of individual investor sentiment that is derived from the market for bank-issued warrants. Due to a unique warrant transaction data set from a large discount broker we are able to calculate a daily sentiment measure and test whether individual investor...
Persistent link: https://www.econbiz.de/10012721548
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What's in Your 403(B)? Academic Retirement Plans and the Costs of Underdiversification
Angus, John - 2009
Many college and university 403(b) plans restrict investment choices to the funds offered by TIAA-CREF, the current manager of over half of all 403(b) contributions. In the face of 2006 Internal Revenue Code changes some sponsors are dropping alternatives to TIAA-CREF. Using historical data, we...
Persistent link: https://www.econbiz.de/10012721768
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Loss-Aversion and Household Portfolio Choice
Dimmock, Stephen G. - 2009
In this paper we empirically test if loss-aversion affects household participation in equity markets, household allocations to equity, and household allocations between mutual funds and individual stocks. Using household survey data, we obtain direct measures of each surveyed household's...
Persistent link: https://www.econbiz.de/10012721816
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A Presentation : Seconds First: The Role of Second Liens in the Mortgage Crisis and Rescue
Bernstein, David P. - 2008
This presentation explores the impact of second liens on the 2007 and 2008 mortgage crisis and the ongoing financial rescue. The presentation relies on data from the 2001 and 2007 American Housing Surveys. The major questions addressed in this presentations are:What happened to the use of second...
Persistent link: https://www.econbiz.de/10012722634
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House Prices and Economic Risks - Are Irish Households Rational?
Baur, Dirk G. - 2008
This study analyzes the evolution of house prices in Ireland and investigates the question of whether Irish households are overexposed to certain economic risks rendering the decision to buy a house too risky and hence irrational. We use a simple theoretical framework to demonstrate the...
Persistent link: https://www.econbiz.de/10012723437