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This study investigates the dose-response effects of making music on youth development. Identification is based on the …
Persistent link: https://www.econbiz.de/10012918255
Despite numerous studies on skill development, we know little about the effects of extracurricular music activities on … cognitive and non-cognitive skills. This study examines how music training during childhood and youth affects the development of … findings suggest that adolescents with music training have better school grades, are more conscientious, open and ambitious …
Persistent link: https://www.econbiz.de/10010462981
This paper uses stamp catalogue prices to investigate the returns on British collectible postage stamps over the period 1900–2008. We find an annualized return on stamps of 7.0% in nominal terms, or 2.9% in real terms. These returns are higher than those on bonds but below those on equities....
Persistent link: https://www.econbiz.de/10013009195
The recent evolution of cryptocurrencies has been characterized by bubble-like behavior and extreme volatility. While it is difficult to assess an intrinsic value to a specific cryptocurrency, one can employ recently proposed bubble tests that rely on recursive applications of classical unit...
Persistent link: https://www.econbiz.de/10012929792
Price indices for heterogenous goods such as real estate or fine art constitute crucial information for institutional or private investors considering alternative investments in times of financial markets turmoil. Classical mean-variance analysis of alternative investments has been hampered by...
Persistent link: https://www.econbiz.de/10009540165
A new heteroskedastic hedonic regression model is suggested which takes into account time-varying volatility and is applied to a blue chips art market. A nonparametric local likelihood estimator is proposed, and this is more precise than the often used dummy variables method. The empirical...
Persistent link: https://www.econbiz.de/10009349110
Analysts quantify price uncertainty through their estimates. This study utilizes the art market as an exogenous setting to explore how an increase in price uncertainty (e.g., the death of an artist) impacts the accuracy and precision of analysts' estimates. We find that in the year following an...
Persistent link: https://www.econbiz.de/10014255874
Persistent link: https://www.econbiz.de/10011402698
Persistent link: https://www.econbiz.de/10003857683
' leisure time on playing music or doing sports, or both. We find that while playing music fosters educational outcomes compared …
Persistent link: https://www.econbiz.de/10010510696