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Wealth transfers and the role of collateral when lifetimes are uncertain

Seghir, Abdelkrim; Torres-Martinez, Juan Pablo - 2006

We develop a general equilibrium model of wealth transfers in the presence of uncertain lifetimes and default. Without introducing exogenous debt constraints, agents are allowed to make collateral-backed promises at any state of their life span.

Persistent link: https://www.econbiz.de/10011807351

The Demographic Transition and the Sexual Division of Labor

Falcão, Bruno L. S.; Soares, Rodrigo R. - 2006

This paper presents a theory where increases in female labor force participation and reductions in the gender wage … fertility. The paper suggests a link between changes in mortality and transformations in the role of women in society that has … capital and to have children. Particularly, gains in adult longevity reduce fertility, increase investments in market human …

Persistent link: https://www.econbiz.de/10011807352

Realized volatility: a review

McAleer, Michael; Medeiros, Marcelo C. - 2006

This paper reviews the exciting and rapidly expanding literature on realized volatility. After presenting a general univariate framework for estimating realized volatilities, a simple discrete time model is presented in order to motivate the main results. A continuous time specification provides...

Persistent link: https://www.econbiz.de/10011807355

Unconditional Quantile Regressions

Firpo, Sergio; Fortin, Nicole M.; Lemieux, Thomas - 2006

We propose a new regression method to estimate the impact of explanatory variables on quantiles of the unconditional distribution of an outcome variable. The proposed method consists of running a regression of the (recentered) influence function (RIF) of the unconditional quantile on the...

Persistent link: https://www.econbiz.de/10011807357

Toward a framework for implementation of climate change treaty through self-enforcing mechanisms

Mehra, Meeta Keswani; Mukherjee, Saptarshi; Dutta, Monica - 2012

Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...

Persistent link: https://www.econbiz.de/10011807664

Recession and child labor: A theoretical analysis

Chowdhury, Sahana Roy - 2013

Child labor (CL) has been a major concern for the developing world, especially for India with its goal towards 'inclusive growth'. However, impact (or vulnerabilities) of major domestic or external spillovers (policy related or recessionary shocks) on child labor market, in contrary to other...

Persistent link: https://www.econbiz.de/10011807672

Money and politics: The effects of campaign spending limits on political competition and incumbency advantage

Avis, Eric; do Amaral, Claudio A. Ferraz; Finan, … - 2017

This paper examines the effects of campaign spending limits on political competition and incumbency advantage. We study a reform in Brazil that imposed limits on campaign spending for mayoral elections. These limits were implemented with a discontinuous kink which we exploit for causal...

Persistent link: https://www.econbiz.de/10011807895

Gibt es aus portfoliotheoretischer Sicht eine Liquiditätsfalle?

Läufer, Nikolaus K. A. - 2004

In der Makroökonomik werden Liquiditätsfallen ohne Mikrofundierung als existent angenommen und die Japan-Krise hat Liquiditätsfallen wieder zum Diskussionsthema gemacht. Deshalb wird die Frage der Existenz von Liquiditätsfallen hier portfolio-theoretisch untersucht im Rahmen eines...

Persistent link: https://www.econbiz.de/10010308434

Research program of the Research Unit "Cultural Sources of Newness"

Hutter, Michael; Berthoin Antal, Ariane; Farías, Ignacio; … - 2010

In this discussion paper the program of the Research Unit Cultural Sources of Newness is presented. Short descriptions of currently nine projects follow. The assumption driving the research program is that newness lies at the core of innovations and emerges in cultural sources, which are...

Persistent link: https://www.econbiz.de/10010308461

A back-door brain drain

Stark, Oded; Byra, Lukasz - 2012

In this paper we study the impact of the international migration of unskilled workers on skill formation and the average skill level in the home country. We analyze what appears to be the least threatening scenario from the point of view of its effect on the supply of skills at home: namely,...

Persistent link: https://www.econbiz.de/10010308475