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variation in religious concentration to identify the effect of people's gambling behavior in financial market settings. We argue … that religious background predicts people's gambling propensity, and that gambling propensity carries over into their …-stock return premium. Collectively, our findings indicate that religious beliefs regarding the acceptability of gambling impact …
Persistent link: https://www.econbiz.de/10009429385
The first public share issue in the PRC took place in 1994. By the early 21st century, in the space of less than two decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid enlargement of the market, the Chinese stock trading...
Persistent link: https://www.econbiz.de/10009471788
We explore the link between portfolio home bias and consumption risk sharing among Italian regions using household-level information on consumption, income and portfolio holdings. Since equity fundsare typically diversified at the national or international level, we use data on equity fund...
Persistent link: https://www.econbiz.de/10009465855
We explore the link between portfolio home bias and consumption risk sharing among Italian regions using aggregated household level information on consumption, income and portfolio holdings. We propose to use data on equity fund ownership to proxy for regional home bias: equity funds are...
Persistent link: https://www.econbiz.de/10009465884
Este trabajo desarrolla un método flexible y semiestructural para cuantificar empíricamente la transmisión no lineal de los shocks de renta a las decisiones de elección de cartera de los hogares, tanto en el margen extensivo como en el intensivo. Modelizo la participación en el mercado de...
Persistent link: https://www.econbiz.de/10014371534
Sexual activity among adolescents is associated with risks such as pregnancy and STDs, and there is substantial policy interest in how peers influence the timing of sexual initiation. This paper measures separate effects for two social mechanisms--peer-group norms and partner availability--using...
Persistent link: https://www.econbiz.de/10009439042
This dissertation is a collection of three essays on high school dropout by adolescents and the roll of their siblings in this risky behavior. Dropping out of high school can scar the individual for his entire labor supply period with lower earnings, higher unemployment, and in turn incur...
Persistent link: https://www.econbiz.de/10009477832
Local councils in New South Wales (NSW) have the authority to invest ratepayers' money that is not currently required for any other purpose by the council. At the end of 2006-07 financial year local councils in New South Wales had invested $590 million dollars in structured financial products...
Persistent link: https://www.econbiz.de/10009457475
Currently in the state of New South Wales (NSW) local government councils have the authority to invest ratepayers‟ money. At the end of 2006-07 financial year local councils in NSW had invested $590 million dollars in structured financial products such as collateralised debt obligations (CDO)....
Persistent link: https://www.econbiz.de/10009457609
This two-part paper is intended to explore the task of differentiating a professional gambler from a leisure gambler, specifically, among online poker players. The first part of the study consists of a statistical analysis to identify the requisite number of hands of online poker required to...
Persistent link: https://www.econbiz.de/10009467921