Early tracking school systems, which stream student by ability, are considered a trigger of widening inequality in education. However, more homogenous class composition resulting from ability tracking seem to improve efficiency of teaching and learning. Literature on peer effects shows...

The presence of third-party guarantees such as insurance guaranty funds can induce managers of covered institutions to take actions that increase the level of risk or increase vulnerability to unfavorable developments. This paper presents evidence of these effects taking place under insurance...

The presence of third-party guarantees such as insurance guaranty funds can induce managers of covered institutions to take actions that increase the level of risk or increase vulnerability to unfavorable developments. This paper presents evidence of these effects taking place under insurance...