We study the effect of standardized external tests on students’ academic outcomes. We exploit the fact that only one of the 17 Spanish regions started doing and publishing the results of standardized tests in 2005 and apply a difference-in-difference methodology using outcomes of the PISA...

In this paper, Extreme value theory (EVT) is applied in estimating low quantiles of P/L distribution and the results are compared to common VaR methodologies. The fundamental theory behind EVT is built, and peaks-over-threshold method is used for modeling the tail of the distribution of losses...

Problemstellung -- Die Leitfragen zur Evaluation des Aufsichtsrats -- Theoretisches und empirisches Wissen zur Effektivität und Effizienz des Aufsichtsrats: Eine Bestandsaufnahme -- Das Konzept zur Evaluation des Aufsichtsrats -- Die empirische Untersuchung -- Evaluation des Aufsichtsrats: Ein...

This paper tests the relationship between primacy and economic development for countries in Asia and the Americas. It tests explanations for primacy drawn from several social-science disciplines - demography, economics, geography, political science, and sociology. The study is one of the first...

The effect of job loss on health may play an important role in the development of the SES-health gradient. In this paper, we estimate the effect of job loss on objective measures of physiological dysregulation using longitudinal data from the Health and Retirement Study and biomarker measures...