Given the tremendous growth of factor allocation strategies in active and passive fund management, we investigate whether factor or sector asset allocation strategies provide investors with a superior performance. Our focus is on comparing factor versus sector allocations as some recent...

This paper investigates the role of risk-aversion in the allocation of workers between formal and informal jobs in Ghana.  In the model I propose risk-averse workers can opt between the free-entry informal sector and queuing for formal occupations.  Conditional on identifying the riskier...

This paper investigates the role of risk-aversion in the allocation of workers between formal and informal jobs in Ghana. In the model I propose risk-averse workers can opt between the free-entry informal sector and queuing for formal occupations. Conditional on identifying the riskier option,...