Now showing items 41-44 of 44
Globally Dangerous Diseases: Bad News for Main Street, Good News for Wall Street?
This paper examines whether investor mood, driven by World Health Organization (WHO) alerts and media news on globally dangerous diseases, is priced in pharmaceutical companies' stocks in the United States. We concentrate ...
The Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification
We show that property damages from weather-related natural disasters significantly weaken the stability of banks with business activities in affected regions, as reflected in lower z-scores, higher probabilities of default, ...
Older People’s Willingness to Delay Social Security Claiming
We designed and fielded an experimental module in the 2014 HRS which seeks to measure older persons’ willingness to voluntarily defer claiming of Social Security benefits. In addition we evaluate the stated willingness of ...
Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data
Households buy life insurance as part of their liquidity management. The option to surrender such a policy can serve as a buffer when a household faces a liquidity need. In this study, we investigate empirically which ...