Demand is growing for a better understanding of how assets are priced in countries outside of the U.S. While financial data are available for many firms world-wide, it is important to have a reliable and replicable method of constructing high-quality systematic risk factors from these data. This...

A major obstacle for research in international asset pricing and corporate finance has been a lack of reliable and publicly available data on international common risk factors and portfolios. To address this gap, we provide a step-by-step description of how appropriately screened data from...

Demand is growing for a better understanding of how assets are priced in countries outside of the U.S. While financial data are available for many firms world-wide, it is important to have a reliable and replicable method of constructing high-quality systematic risk factors from these data. This...

The corona pandemic and the political measures undertaken to contain it are changing the working conditions of many people in Germany. Based on data from the first tranche of a supplementary survey (SOEP-Cov) to the German Socio-Economic Panel (SOEP), this study analyzes the effects of the...

We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not...

This research examines the effects of rate regulations and compulsory insurance laws on insurance purchases. Three stage least squares (3sls) regressions have been employed to control for the endogeneity of the main variables, which are premiums, regulations, and insurance purchases. The...

In our efforts to better understand how policies geared towards poverty reduction may impact teen childbirth, we analyzed the impact of the 10-20-30 provision of the American Recovery and Reinvestment Act of 2009 (ARRA, P.L. 111-5) on teen childbirth. The 10-20-30 provision allocated at least...

In this paper, an international comparison of the military welfare service in the U.S., U.K. and Germany is made, with a particular focus on vocational education, dwelling for military personnel, and military medical service. The findings from the international comparison of these three...

The rate of incarceration has increased dramatically in the US since 1980. We explore the implications of this increased incarceration on national poverty measurement using micro data for the period 1979-1997. We make use of an as-yet unexplored data set on prisoner earnings, in conjunction with...

This paper begins with a discussion of what constitutes corporate welfare, then proceeds to apply the corporate welfare concept to the steel industry in the United States. A review is made of the various government supports that the steel industry has enjoyed since 1969. Studies have estimated...