This research tries to assess the dependents and Long Term Care costs for next years in Spain. To do this, it has been taken account data from the Survey on Disabilities, Impairments and Health Status and population forecasts estimated by INE, the legal rules passed between 2006 and 2008, and...

In dieser Studie wird untersucht, inwieweit die Lebensbedingungen in der Kindheit und das Ausmaß sozialer Ungleichheit die individuelle Chance beeinflussen, erfolgreich, das heißt gesund und aktiv, zu altern. Europaweite Daten, die im Rahmen der SHARELängsschnittstudie erhoben wurden,...

Zwischen 2001 und 2011 hat sich die Zahl der Erwerbstätigen im Rentenalter in Deutschland auf rund 760 000 verdoppelt. In keiner anderen Altersgruppe ist die Zuwachsrate der Erwerbstätigen in dieser Zeit so deutlich gestiegen wie bei den Über-65- Jährigen. Das DIW Berlin hat die...

This study compared 10 economic, demographic, and job factors between happier and less happy OECD countries based upon scores of subjective well-being (SWB), a concept commonly meaning happiness or life satisfaction. In 2009, the scores of residents in the happier OE CD countries were...

In this paper we analyze the influence that incentives play in the timing of the transition to retirement in Spain. We use the Continuous Sample of Working Histories 2006 (CSWH “Muestra Continua de Vidas Laborales”, in Spanish) to construct incentive measures from the Social Security...

Considering the investment in education as uncertain financial decision making we modify the short-cut method of calculating rates of return to education by incorporating the risk premium. Recognizing that market risk isn't the only factor affecting returns, we estimate the returns to education...

This paper examines the factors that affect inflows - outflows of capital in bond mutual funds that operated in the Greek market during the period 1997-2005. Investors in bond mutual funds do not seek for high gross returns in order to determine their investment decisions in contrast with...

The classical APT model is of the form r j - E(r j) = beta j(I - EI) + epsilon j, where r j - E(r j) is the earning deviation (called basic ariance-profit) of the security j, I is a common factor. This paper considers the impact on the securities return caused by the skewness and kurtosis of the...

Passive investment strategies basically aim to replicate an underlying benchmark. Thereby, the management usually selects a subset of stocks being employed in the optimization procedure. Apart from the optimization procedure, the stock selection approach determines the stock portfolios's...

This paper examines the overreaction hypothesis on the JSE Securities Exchange (JSE) documented by Page and Way [5] and Muller [4] over a longer and more recent period from 01 January 1993 to 31 March 2009. The mean reversals due to investor overreaction are found to be stronger for the past...