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Kulati, Ellam; Myck, Michał; Pasini, Giacomo - 2022

(SHARE), we elicit individual time preferences using competing discounting specifications. With the formulation that best …

Persistent link: https://www.econbiz.de/10014236507

What Do Unions Do to Pension Performance?

Even, William E. - 2010

This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...

Persistent link: https://www.econbiz.de/10013136725

How General are Time Preferences? Eliciting Good-Specific Discount Rates

Ubfal, Diego - 2012

corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …

Persistent link: https://www.econbiz.de/10013099793

Criminal Discount Factors and Deterrence

Mastrobuoni, Giovanni - 2016

offender's time discounting. We exploit quasi-experimental variation in sentence length generated by a large collective pardon … in Italy and provide non-parametric evidence on the extent of discounting from the raw data on recidivism and sentence …

Persistent link: https://www.econbiz.de/10012997433

Choosing Monetary Sequences : Theory and Experimental Evidence

Manzini, Paola - 2006

it is quite under-explored in the economics domain. We find that: 1) traditional economic models based on discounting … is allowed; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data …' around the basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns …

Persistent link: https://www.econbiz.de/10012780545

Decomposing Excess Returns in Stochastic Linear Models

Lin, Carl - 2012

We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition result from two random linear functions in which the result can be applied to most models using...

Persistent link: https://www.econbiz.de/10013113072

Predictability of Asset Returns and the Efficient Market Hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10013141228

The Analytical Returns to Measuring a Detailed Household Roster

Akresh, Richard - 2010

Households are dynamic while most surveys only collect information on individuals who are present at a single point in time. We exploit a unique and thorough household membership enumeration in Burkina Faso to consider the analytical costs of the typical static household roster. We document that...

Persistent link: https://www.econbiz.de/10013147556

International Specialization and the Return to Capital

Batista, Catia - 2010

How does factor accumulation affect the pattern of international specialization and returns to capital? We provide a new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976-2000. We confirm the Heckscher-Ohlin prediction that, with...

Persistent link: https://www.econbiz.de/10013148352

Expected Returns to Crime and Crime Location

Braakmann, Nils; Chevalier, Arnaud; Wilson, Tanya - 2022

We provide first evidence that temporal variations in the expected returns to crime affect the location of property crime. Our identification strategy relies on the widely-held perception in the UK that households of South Asian descent store gold jewellery at home. Price movements on the...

Persistent link: https://www.econbiz.de/10014077677