Following the Loss Distribution Approach (LDA), this article develops two procedures for the simulation of an annual loss distribution for the modeling of operational risk. First, we provide an overview of the typical compound-process LDA used widely in operational risk modeling, before...

The results of this study for the 50 states imply that considerations of distance play an important role in the migration decision of blacks, with the distance variable being statistically significant at the five percent level or better in 80 percent of the cases. The racial composition variable...

This study examines determinants of gross in-migration by race (white and black) over the 1965-1970 time period. The ordinary least squares results reveal that both white migrants and black migrants have an aversion to cold weather and prefer to move shorter rather than longer distances. White...