Earlier studies which applied the family of stable Paretian distributions to financial data are inconclusive and contradictory. In this article I estimate the parameters of the model by the Feuerverger-McDunnough method which enables the application of maximum likelihood rhethods. Based on...

The statistical analysis of short-run exchange-rate data shows that there is strong heteroskedasticity and serial dependence of volatility. In addition, the empirical distributions are leptokurtic. The model of generalized autoregressive conditional heteroskedasticity (GARCH) seems to be ideally...

This paper explores the applicability of static and dynamic models to capture the stylized facts of exchange-rate dynamics. The static models (mixture of distributions, compound Poisson process, generalized Student distribution) are compatible with leptokurtosis and can be characterized as...

This study investigates how precarious employment throughout the life course affects the fertility behavior of men and women in Germany, and how risk attitudes moderate exposure to objectively given uncertainty. Analyzing data from the German Socio-Economic Panel (SOEP) study from 1990 to 2015,...

The aim of this paper is to investigate how occupational prospects affect first-birth decisions of men and women. Contrasting the continental conservative German welfare state with the liberal market economy of the UK, the focus of analyses rests on how welfare state alignment affects fertility...

Die amtliche Statistik weißt für die letzten Jahre einen steigenden Anteil an kinderlosen Frauen aus. Die Kinderlosigkeit von Männern blieb bisher weitgehend unberücksichtigt. Ziel dieses Beitrages ist es, die sozialstrukturellen Rahmenbedingungen unter denen eine Familiengründung ausbleibt...