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Fueling the gender gap? Oil and women's labor and marriage market outcomes

Maurer, Stephan E.; Potlogea, Andrei - London School of Economics (LSE) - 2014

This paper analyzes the effect of resource-based economic specialization on women's labor market outcomes. Using information on the location and discovery of major oil fields in the Southern United States coupled with a county-level panel derived from US Census data for 1900-1940, we...

Persistent link: https://www.econbiz.de/10011126482

Understanding the origins and pace of Africa’s urban transition

Fox, Sean - London School of Economics (LSE) - 2011

by population dynamics stimulated by technological and institutional change. In particular, disease control and expanded … of an inherent human propensity to agglomerate. Economic development, which has traditionally been viewed as the primary … the 1980s and 1990s, and the historically unprecedented rates of urban population growth seen in the region throughout the …

Persistent link: https://www.econbiz.de/10010745499

Financial institutions and the wealth of nations: tales of development

Tong, Jian; Chenggang, Xu - London School of Economics (LSE) - 2004

Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … development stages of an economy. At higher development stages a financing regime with ex post selection capacity is more …

Persistent link: https://www.econbiz.de/10010928613

The role of freedom, growth and religion in the taste for revolution

MacCulloch, Robert; Pezzini, Silvia - London School of Economics (LSE) - 2002

of political freedoms versus economic development. This paper takes a new approach to provide an answer by using micro …

Persistent link: https://www.econbiz.de/10010928706

Financial institutions and the wealth of nations: tales of development

Tong, Jian; Xu, Cheng-Gang - London School of Economics (LSE) - 2004

Persistent link: https://www.econbiz.de/10010745283

Does the bond-stock earning yield differential model predict equity market corrections better than high P/E models?

Lleo, Sebastien; Ziemba, William T. - London School of Economics (LSE) - 2014

In this paper, we extend the literature on crash prediction models in three main respects. First, we relate explicitly crash prediction measures and asset pricing models. Second, we present a simple, effective statistical significance test for crash prediction models. Finally, we propose a...

Persistent link: https://www.econbiz.de/10011163496

The economics of collateral

Anderson, Ronald W.; Jõeveer, Karin - London School of Economics (LSE) - 2014

In this paper we study how the use of collateral is evolving under the influence of regulatory reform and changing market structure. We start with a critical review of the recent empirical literature on the supply and demand of collateral which has focussed on the issue of ‘collateral...

Persistent link: https://www.econbiz.de/10011163500

Optimal capital growth with convex shortfall penalties

MacLean, Leonard C.; Zhao, Yonggan; Ziemba, William T. - London School of Economics (LSE) - 2014

The optimal capital growth strategy or Kelly strategy, has many desirable properties such as maximizing the asympotic long run growth of capital. However, it has considerable short run risk since the utility is logarithmic, with essentially zero Arrow-Pratt risk aversion. Most investors favor a...

Persistent link: https://www.econbiz.de/10011163505

Bitcoin and the PPP Puzzle

de Roure, Calebe; Tasca, Paolo - London School of Economics (LSE) - 2014

This paper approaches the PPP puzzle by using the Bitcoin/US Dollar exchange rate. The use of the virtual currency as macroeconomic laboratory allows us to remove frictions that previously impeded the empirical demonstration of the law of one price. We show that price adjustments are still far...

Persistent link: https://www.econbiz.de/10011163507

Custody chains and remoteness: disconnecting investors from issuers

Micheler, Eva - London School of Economics (LSE) - 2014

This paper shows that the current market infrastructure systemically prevents investors, both shareholders and bondholders, from exercising their rights against issuers. Equity and debt securities are now normally held through a chain of custodians. These custodians are connected with each other...

Persistent link: https://www.econbiz.de/10011163509