Showing 1 - 10 of 10,823
Persistent link: https://www.econbiz.de/10012285112
We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security - which is immune to adverse selection - affects...
Persistent link: https://www.econbiz.de/10011761551
Persistent link: https://www.econbiz.de/10011805592
Persistent link: https://www.econbiz.de/10014496304
Persistent link: https://www.econbiz.de/10011522883
Persistent link: https://www.econbiz.de/10003825110
Persistent link: https://www.econbiz.de/10011286006
Persistent link: https://www.econbiz.de/10010253593
, we study the implications of the interaction between incentive compatibility and participation constraints for risk …
Persistent link: https://www.econbiz.de/10010499483
I investigate whether information quality affects the cost of equity capital through liquidity risk. Liquidity risk is … the importance of this systematic risk. I find that higher information quality is associated with lower liquidity risk and … association between information quality and liquidity risk is stronger in times of large shocks to market liquidity …
Persistent link: https://www.econbiz.de/10013093674