We argue that the practise of valuing the portfolio is important for the calculation of the V aR. In particular, the seller (buyer) of an asset does not face horizontal demand (supply) curves. We propose a partially new approach for incorporating this fact in the V aR and in an empirical...

This thesis consists of two papers dealing with fertility in Sweden. In paper [1] we discuss possible explanations for the variation in the Swedish fertility. We are primarily interested in economic and social conditions and their impact on the total fertility rate between 1965 and 2003. The...

A person’s first experience of working life is not the individual’s actual first job, but rather the perception conveyed by their family and other reference groups. Using Swedish register data on young adults (aged 18-34), and controlling for personal characteristics, we find that...