Similar Search Results

Risk and return in international corporate bond markets

Bekaert, Geert; De Santis, Roberto A. - 2020

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a pricing perspective, we find little to no evidence against the World CAPM model, where the market consists out of equity, sovereign and corporate bonds. However, from a factor...

Persistent link: https://www.econbiz.de/10012422114

Commonality in hedge fund returns: driving factors and implications

Bussière, Matthieu; Hoerova, Marie; Klaus, Benjamin - 2014

We measure the commonality in hedge fund returns, identify its main driving factor and analyse its implications for financial stability. We find that hedge funds’ commonality increased significantly from 2003 until 2006. We attribute this rise mainly to the increase in hedge funds’ exposure...

Persistent link: https://www.econbiz.de/10011605703

Risk and Return in International Corporate Bond Markets

De Santis, Roberto A. - 2020

Persistent link: https://www.econbiz.de/10012825946

Commonality in Hedge Fund Returns : Driving Factors and Implications

Bussière, Matthieu - 2014

We measure the commonality in hedge fund returns, identify its main driving factor and analyze its implications for financial stability. We find that hedge funds' commonality increased significantly from 2003 until 2006. We attribute this rise mainly to the increase in hedge funds' exposure to...

Persistent link: https://www.econbiz.de/10013057670

Aging and Pension Reform : Extending the Retirement Age and Human Capital Formation

Vogel, Edgar - 2012

, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that openness has a relatively … mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has …

Persistent link: https://www.econbiz.de/10013100571

Employment Duration and Shifts into Retirement in the EU

Aranki, Ted - 2013

determinants of retirement based on the Eurostat Survey on Income and Living Conditions (EU-SILC). Applying standard survivor … analysis tools to describe exits into retirement, we do not find any significant differences in the patterns into retirement … between the average euro area and EU non-euro area countries. Moreover, we find that shifts into retirement have increased …

Persistent link: https://www.econbiz.de/10013086839

On the Retirement Effect of Inheritance : Heterogeneity and the Role of Risk Aversion

Garbinti, Bertrand - 2019

This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information … allows us to compare current retirement rates among current and future inheritors. Chances of current retirement are 40 …

Persistent link: https://www.econbiz.de/10012894812

Pensions and Fertility : Back to the Roots -- The Introduction of Bismarck's Pension Scheme and the European Fertility Decline

Fenge, Robert - 2014

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper provides detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our theoretical...

Persistent link: https://www.econbiz.de/10013047746

Pensions and Household Savings : Cross-Country Heterogeneity in Europe

d’Addio, Anna - 2020

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...

Persistent link: https://www.econbiz.de/10012842350

Flexible asset purchases and repo market functioning

Grasso, Adriana; Poinelli, Andrea - 2025

Flexibility has progressively become a distinctive feature of the implementation of the Eurosystem's asset purchases. In its many manifestations, flexibility has also been used by asset managers in the daily selection of sovereign bonds to limit the impact of asset purchases on repo market...

Persistent link: https://www.econbiz.de/10015199443