This paper tests whether intergenerational transfers are given out of altruism or part of an exchange. We uniquely draw a distinction between the transfer motives in a semiparametric, two-part model. Compared to models employed by extant studies, this approach makes less parametric assumption,...

In a data-rich environment, few studies use many predictors at different frequencies to forecast crude oil returns. This paper proposes a new model, LASSO-MIDAS, which combines LASSO (the least absolute shrinkage and selection operator) and MIDAS (mixed data sampling model) to predict crude oil...