Though the present thesis is not intended as a monograph, its respective chapters are interrelated: The major research question is whether the German public pension system (or potentially any annuity-based pension system) causes redistribution between income groups. Especially the relationship...

Die Arbeit untersucht in drei unabhängigen Studien Determinanten der Renteneintrittsentscheidung. Es werden drei natürliche Experimente ausgewertet, die sich aus Reformen der Alterssicherungssysteme in Deutschland und der Schweiz ergeben haben und die Identifikation kausaler Effekte erlauben....

The International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) have reaffirmed their commitment to accomplishing the convergence of International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Practice (US GAAP),...

Diese empirische Arbeit untersucht Determinanten des Renteneintritts. Sie basiert auf einem Optionswertmodell, um die Bedeutung finanzieller Überlegungen für ein Aufschieben des Renteneintritts zu analysieren. Zusätzlich wird der Einfluss institutioneller Rahmenbedingungen betrachtet. Ein neu...

Mine companies' profits higher. - Hecla and federal dividends for quarter are sharply higher. - Hecla Mining company, operating lead, zinc, silver and copper properties in Idaho, reported for the quarter ended March 1, net income of $176,660 after depreciation and depletion, but before provision...

Three local mines declare dividends. - Dividends of 1.2 cents per share on stock of the Sherman Lead company; one cent per share on stock of the Dayrock Mining company and of four-tenths of one cent pershare on stock of the Tamarack & Custer Consolidated Mining company where announced this...

This dissertation consists of two chapters. The first chapter shows that the measurement errors in betas for stocks induce corresponding measurement errors in alphas and a spurious negative covariance between the estimated betas and alphas across stocks. This negative covariance between the...

This dissertation examines whether simultaneously conditioning on themultidimensional characteristics of information signals can help predict returnsthat are of economic significance. We use large price changes, publicannouncements, and large volume increases to proxy for the...

Theoretical models suggest that ownership structure may be an important determinant of securities' market characteristics. For example, the presence of informed traders leads to greater bid-ask spreads (Copeland and Galai (1983), and Glosten and Milgrom (1985)), and strategic trading of informed...