Narrow search
Showing 1 - 10 of 175
Cover Image
School curricula, educational trajectories, and labor market outcomes
Arold, Benjamin W. - 2022
Benjamin W. Arold prepared this study while he was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2022 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of four distinct empirical essays that...
Persistent link: https://www.econbiz.de/10013342692
Cover Image
Optimistic, but not in control : life-orientation and the theory of mixed control
Urbig, Diemo; Monsen, Erik - 2009
external factors, such as powerful others or chance. Furthermore, some authors suggest that internal control beliefs interact … with self-efficacy beliefs regarding their effects on outcome expectancies and thus optimism. We argue that it is not only … self-efficacy that interacts, but efficacy beliefs about external factors, too. We further hypothesize that the effect of …
Persistent link: https://www.econbiz.de/10003809924
Cover Image
A risk augmented mincer earnings equation? : taking stock
Hartog, Joop - 2009
We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty in the future wage to be earned after completing an education. There is wide empirical support for the predicted positive effect of wage variance and the negative effect of wage...
Persistent link: https://www.econbiz.de/10003900500
Cover Image
Financial literacy and subprime mortgage delinquency : evidence from a survey matched to administrative data
Gerardi, Kristopher; Götte, Lorenz; Meier, Stephan - 2010
The exact cause of the massive defaults and foreclosures in the U.S. subprime mortgage market is still unclear. This paper investigates whether a particular aspect of borrowers' financial literacy - their numerical ability - may have played a role. We measure several aspects of financial...
Persistent link: https://www.econbiz.de/10008664618
Cover Image
Trust, sociability and stock market participation
Georgarakos, Dimitris; Pasini, Giacomo - 2009
We investigate the effects of both trust and sociability for stock market participation, the role of which has been examined separately by existing finance literature. We use internationally comparable household data from the Survey of Health, Ageing and Retirement in Europe supplemented with...
Persistent link: https://www.econbiz.de/10003947447
Cover Image
Can subjective expectations data be used in choice models? : evidence on cognitive biases
Zafar, Basit - 2010
dissonance affects the reporting of beliefs, and 2) whether individuals exert sufficient mental effort when probed about their … subjective beliefs. For this purpose, I collect a unique panel data set of Northwestern University undergraduates that contains … cognitive biases systematically affecting the reporting of beliefs: By analyzing patterns of belief updating, I can rule out …
Persistent link: https://www.econbiz.de/10008657257
Cover Image
Trust and the choice between housing and financial assets : evidence from Spanish households
Attar, Mayssun el; Poschke, Markus - 2010
Trusting behavior has been shown to affect households' portfolio choice between risky and risk-free financial assets. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households' portfolios, real estate. In a simple model, we show how the...
Persistent link: https://www.econbiz.de/10009153590
Cover Image
Using the value at risk method in estimation of investment risk in the metallurgical sector companies
Miłoś, Ewa - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 1, pp. 37-48
The aim of this paper is to analyze the merits of using the Value At Risk method in estimating the risk associated with investments in metallurgical sector companies. The paper presents how to construct the model, various methods of its estimation and their advantages and disadvantages. In the...
Persistent link: https://www.econbiz.de/10009510795
Cover Image
Measuring the social discount rate under uncertainty : a methodology and application
Ahsan, Syed; Tsigaris, Panagiotis Demetrios - 2002
It is well recognised that the issue of the social rate of discount applies only to the gains from public investment that accrues to the public sector. When it comes to measurement, however, there is a problem: public investment in infrastructure and the like do not usually yield direct...
Persistent link: https://www.econbiz.de/10011514079
Cover Image
Do wages really compensate for risk aversion and skewness affection?
Hartog, Joop; Vijverberg, Wim P. M. - 2002
Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of the compensation paid. In particular, because the...
Persistent link: https://www.econbiz.de/10011405939