Results 171 to 180 of about 4,761,459 (294)
Social Status, Inequality, and Redistribution
International Economic Review, EarlyView.ABSTRACT We explore implications of social status concerns for redistribution, income inequality, and growth in a political economy framework. Salience of such concerns leads to a propagation mechanism, whereby initial income inequality and reduced willingness to redistribute income reinforce each other, potentially giving rise to multiple steady ...
Mark Gradstein, Luigi Ventura
wiley +1 more source
The Causal Effect of Parents' Education on Children's Earnings
International Economic Review, EarlyView.ABSTRACT We develop and estimate a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children's outcomes. Identification uses earnings differences among children with equal schooling whose parents have different schooling.
Sang Yoon (Tim) Lee +2 more
wiley +1 more source
The size distribution across all cities - Double Pareto lognormal strikes
Using un-truncated settlement size data from eight countries, we show that the "double Pareto lognormal" (DPLN) distribution provides a better fit to actual city sizes than the simple lognormal (LN) distribution.
Zimmermann, Arndt +2 more
core
A Quantile Model of Firm Investment
International Economic Review, EarlyView.ABSTRACT Are firms risk averse? We propose a dynamic model of firm investment under uncertainty that captures firms' risk attitudes through quantile preferences. The firm maximizes its present value, defined as current profits and investment plus the discounted value of the τ$\tau$‐quantile of its value next period.
Heitor Almeida +3 more
wiley +1 more source
Distributional Characterization of ICV-Normalized Regional Brain Volumes in Alzheimer's Disease. [PDF]
Life (Basel)Somangalin Ramanathan HV +2 more
europepmc +1 more source
Genetic Determination of Maternal Behaviour in Pigs
Journal of Animal Breeding and Genetics, EarlyView.ABSTRACT In sows, maternal behaviour is a commercially important trait which affects sow and piglet welfare and the quality and safety of human‐animal interactions, especially if free farrowing of sows without crates is in place. The aim of this study was to evaluate maternal behaviour and to estimate its quantitative genetic parameters in Swiss ...
Nicole Maffezzini +5 more
wiley +1 more source
Simulation Study of the Decision Logic for 95% Upper Confidence Limit Calculations Applied in ProUCL 5.2. [PDF]
Risk AnalStuchal LD +4 more
europepmc +1 more source
Climate‐Neutrality Transition and Banks' Loan Pricing
Journal of Financial Research, EarlyView.Abstract In this paper, we propose a novel methodology to quantify firms' climate‐change transition risk (CCTR) and its implications for credit markets. We utilize the regulatory framework of the European Green Deal's 2050 carbon neutrality roadmap, focusing on large Eurozone firms and their banking relationships.
Evangelos Salachas +2 more
wiley +1 more source
The Evolution of Interest‐Rate Models: From the Yield Curve to the Swaption Cube
Journal of Economic Surveys, EarlyView.ABSTRACT Interest‐rate modelling is often taught as a catalogue of competing stochastic equations, obscuring why models were created and why modern sell‐side desks use several simultaneously. This survey reorganises the field around five layers of a pricing architecture: curve construction; arbitrage‐free dynamics; volatility‐smile representation ...
Xuan Feng +2 more
wiley +1 more source
Excess Movement in Option‐Implied Beliefs
The Journal of Finance, EarlyView.ABSTRACT We derive bounds on the rational variation in option‐implied beliefs about market returns. While risk preferences distort option‐implied (or risk‐neutral) beliefs away from subjective beliefs, one can nonetheless bound risk‐neutral belief movement under a general assumption on the stochastic discount factor.
NED AUGENBLICK, EBEN LAZARUS
wiley +1 more source