Recent studies use names—first and surnames—to estimate intergenerational mobility in sources that lack direct family links. While generating novel evidence on intergenerational transmission processes, it remains unclear how different estimators compare and how reliable they are. This paper...

This paper illustrates the effects of item-nonresponse in surveys on the results of multivariate statistical analysis when estimation of productivity is the task. To multiply impute the missing data a data augmentation algorithm based on a normal/Wishart model is applied. Data of the German IAB...

The Romanian vegetable market is in continuous development, with consumers preferring local vegetables to the detriment of imported ones. Even though there is a very good potential and a fairly varied supply of fresh vegetables on the domestic market, some of the producers have given up making...

The sentiment of news predicts the short-term stock market performance of individual companies. We find that this association is solely due to the idiosyncratic informational content of an article. We transparently quantify the association between news sentiment and stock market performance of...

Artificial intelligence (AI) can improve the resiliency of both individual financial institutions and the financial sector as a whole. Yet, its users must balance benefits and risks of these technologies. This paper illustrates five focus points which financial institutions should consider when...

We construct an index for economic policy uncertainty in Denmark using articles in Denmark's largest financial newspaper. We adapt a Latent Dirichlet Allocation (LDA) model to sort articles into topics. We combine article-specific topic weights with the occurrence of words describing uncertainty...

We construct novel proxies of physical and transition climate risks by conducting textual analysis of climate-change news over the period 2000-2018. This analysis uncovers four textual variables related to the topics of U.S. climate policy, international summits, natural disasters, and global...

The convex time budget (CTB) method is a widely used experimental method for eliciting an individual's time preference. Researchers adopting the CTB experiment usually assume quasi-hyperbolic discounting utility as a behavioural model and estimate the parameters of the utility function. However,...

Der weit verbreitete Eindruck der Uneinheitlichkeit von statistischen Informationen zur (beruflichen) Weiterbildung dürfte zu einem Teil auf Unterschiede in Erhebungskonstrukten zurückzuführen sein. Denn was unter (beruflicher) Weiterbildung verstanden wird und wie Weiterbildungsaktivitäten...

In Zeiten von einer Vielzahl spektakulärer Bilanzskandale im In- und Ausland greift die Finanzverwaltung zunehmend im Rahmen der digitalen Betriebsprüfung auf mathematisch-statistische Methoden zurück, welche helfen sollen, dolose Handlungen leichter und effizienter erkennen zu können....