We construct one triple-threshold GARCH model to analyze the asymmetric response of mean and conditional volatility. In parameter estimation, we apply Griddy-Gibbs sampling method, which require less work in selection of starting values and pre-run. As we apply this model in Chinese stock...

We present a sovereign default model with asymmetric shocks and long-term bonds, and solve the model using discrete state dynamic programming. As result, our model matches the Argentinean economy over period 1993Q1-2001Q4 quite well. We show that our model can match high default frequency, high...

Using teacher–student random gender matching and hand-collected individual-level data, we examine how female teachers in elementary schools influence students’ time preferences in adulthood. Our major finding is that female teachers lead pupils to have lower time discount rates. Furthermore,...

COVID-19 has led to the closure of various schools in Japan to cope with the pandemic. This study explores how school closure influences parents’ work style based on short panel data for the period of school closure from mid-March to mid-April 2020. Specifically, we analyze how the presence of...

The spread of the novel coronavirus disease caused schools in Japan to close to cope with the pandemic. In response to this, parents of students were obliged to care for their children during the daytime when they were usually at school. Does the increase in burden of childcare influence...

This study analyzes the altruistic and selfish motivations of charitable giving in the context of Japan’s hometown tax donation system, whereby people can donate to municipalities where they do not live and receive reciprocal gifts, using local government-level panel data for 2008–2015. We...

This study investigates how spousal age gaps influence the allocation of housework between husbands and wives. Further, we consider the identity formed as a result of respondents’ family backgrounds by specifically exploring the effects of the age gaps between the respondents’ parents. We...