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We examine the measurement of individual poverty in an intertemporal context. Our aim is to capture the importance of … illustrate our new index with an application to EU countries. -- Intertemporal poverty measurement ; equity … persistence in a state of poverty and we characterize a corresponding individual intertemporal poverty measure. Our first axiom …
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The at-risk-of-poverty rate (AROP) is one of the three indicators used for monitoring progress towards the Europe 2020 … poverty and social exclusion reduction target. Timeliness of this indicator is crucial for monitoring of the social situation …, estimates of the number of people at risk of poverty are published with a significant delay. This paper extends and updates …
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trading costs. We develop trade-time liquidity measures that reflect per-dollar price impacts of fixed-dollar volumes. Our …
Persistent link: https://www.econbiz.de/10012903499
We develop and test measures of the horizon of firm uncertainty and of the horizon of managers' corporate disclosures. The measures exploit information in the term structure of implied equity volatilities to gauge the relative extent to which the information underlying securities prices reflects...
Persistent link: https://www.econbiz.de/10013060883
This paper proposes an empirical approach to capture investment horizons. I utilize this method to analyze short-termist investment. It relies on information which is not observable to investors in the period of investment and therefore considers the nature of short-termism as an agency problem....
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