Showing 1 - 10 of 2,797
pension policy. This paper presents the conceptual differences between static period and dynamic cohort mortality tables …
Persistent link: https://www.econbiz.de/10012892234
This paper analyses persistence and non-linearities in quarterly and monthly US Treasury 10-year bond yields over the …
Persistent link: https://www.econbiz.de/10013306037
How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending … the value of the lending relationship and lowers the lending rate. Bond investors demand compensation for the increased …
Persistent link: https://www.econbiz.de/10012892132
that mortality rises with age and a large share of HCE is caused by proximity to death. This hypothesis has spurned a large …
Persistent link: https://www.econbiz.de/10012858634
We study the design of pension benefits for male and female workers. Women live longer than men but have a lower wage. Individuals can be single or live in couples who pool their incomes. Social welfare is utilitarian but an increasing concave transformation of individuals’ lifetime utilities...
Persistent link: https://www.econbiz.de/10013224069
differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction …
Persistent link: https://www.econbiz.de/10013316608
This paper documents a comparative application of algorithms to deal with the problem of missing values in higher frequency data sets. We refer to Swiss business tendency survey (BTS) data which are conducted in both monthly and quarterly frequency, where an information sub-set is collected at...
Persistent link: https://www.econbiz.de/10014262560
green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …
Persistent link: https://www.econbiz.de/10014358701
Results from cultural evolutionary theory often suggest that social learning can lead cultural groups to differ … meet this challenge, we exploit a cultural border dividing Switzerland in ways that are independent of institutional … preferences related to fertility and mortality, the two basic components of genetic fitness. We specifically select six referenda …
Persistent link: https://www.econbiz.de/10014347354
. In this paper, we explore how access to the hospital and modern medicine affects mortality. We do so by leveraging a …-supported hospital reduced infant mortality by 10%, saving one life for every $20,000 (2017 dollars) spent. Effects were larger for Black … infants (16%) than for White infants (7%), implying a reduction in the Black-White infant mortality gap by one-third. We show …
Persistent link: https://www.econbiz.de/10014241607