This paper presents the first empirical assessment of the causal relationship between social capital and health in Italy. The analysis draws on the 2000 wave of the Multipurpose Survey on Household conducted by the Italian Institute of Statistics on a representative sample of the population (n =...

Voters respond differently to trend growth as opposed to economic cycles in GDP. When assessing incumbent competence the rational voter filters out economic cycles when they are the product of external shocks but rewards strong trend growth over the previous term of office. Voters also respond...

The paper analyses the nature of the achievement possibility frontier between research and teaching quality in higher education under a system of quality evaluation by reference to discrete quality grades. It finds several important reasons why the associated feasible set is likely to be...

This study extends the standard consumption-based capital asset pricing model (C-CAPM) to include two additional factors related to firm size (SMB) and book-to-market value ratio (HML). The inclusion of HML improves mainly the fit of the low book-to-market portfolios, SMB, and HML that are not...

Whilst joint ventures offer a potentially attractive form of corporate and industrial organisation, they also experience high rate of break-up within ten years from their initial formation. In this paper, we model this process not as an uncertain random event, but rather as the predictable...

We propose a new test based on the no-arbitrage condition that compares cross-sectional variation in equity returns to the cross-sectional variation in their conditional covariance with the discount factors. Using the multivariate generalized heteroskedasticity in mean model (MGM) to estimate...

This work aims to assess risk perception of smokers in reporting survival expectations and subjective health. In particular, the analysis investigates individuals’ perception of smoking effects in the short and long-term and whether they believe that such detrimental effects can be reversed....

In adults, the negative relationship between smoking and income is well established. However divergent results have been reported on the impact of parental socioeconomic status on adolescent smoking. In this study we investigate the extent to which misclassification errors in self-reported...

We highlight the role of local instrumental variable (LIV) methods in exploring treatment effect heterogeneity using an empirical example of evaluating the use versus non-use of prehospital intubation (PHI) in patients with traumatic injury on inpatient mortality. We find evidence that the...

In this study we analyze the relationship between heat events and mortality in Germany. The main research questions are: Does heat lead to rising mortality and if yes, are the eects persistent or compensated for in the near future? Furthermore, we consider dierences between heat eects in urban...