In this paper we reevaluate the returns to education based on the increase in the compulsory schooling age from 14 to 15 in the UK in 1947. We provide a Bayesian fuzzy regression discontinuity approach to infer the effect on earnings for a subset of subjects who turned 14 in a narrow window...

In finance and economics, there is a great deal of work on the theoretical modeling and statistical estimation of the yield curve (defined as the relation between $-\frac{1}{\tau }\log p_{t}(\tau )$ and $\tau$, where $p_{t}(\tau )$ is the time $t$ price of the zero-coupon bond with payoff 1 at...