Disability Benefits, Consumption Insurance, and Household Labor Supply -- by...
While a mature literature finds that Disability Insurance (DI) receipt discourages work, the welfare implications of these findings depend on two rarely studied economic quantities: the full cost of DI...
View ArticleAccess and Use of Contraception and Its Effects on Women's Outcomes in the...
Changes in childbearing affect almost every aspect of human existence. Over the last fifty years, American women have experienced dramatic changes in the ease and convenience of timing and limiting...
View ArticleAre U.S. Companies Too Short-Term Oriented? Some Thoughts -- by Steven N. Kaplan
U.S. companies are often criticized for being overly short-term oriented. This paper documents that those criticisms have a long history, going back at least thirty-five years. The paper then considers...
View ArticleSchool Performance, Accountability and Waiver Reforms: Evidence from...
States that received federal waivers to the No Child Left Behind (NCLB) Act were required to implement reforms in designated "Focus Schools" that contribute to achievement gaps. In this study, we...
View ArticleThe Effects of School Reform Under NCLB Waivers: Evidence from Focus Schools...
Under waivers to the No Child Left Behind (NCLB) Act, the federal government required states to identify schools where targeted subgroups of students have the lowest achievement and to implement...
View ArticleDifferentiated Accountability and Education Production: Evidence from NCLB...
In 2011, the U.S. Department of Education granted states the opportunity to apply for waivers from the core requirements of No Child Left Behind (NCLB). In exchange, states implemented systems of...
View ArticlePricing Asian options for NIG and VG Levy markets. (arXiv:1706.01562v1...
In this work, we study the value of an Asian option in the case of exponential Levy markets. More specifically, we are interested in the NIG (normal inverse Gaussian) the VG (variance gamma) models....
View ArticleHedging in fractional Black-Scholes model with transaction costs....
We consider conditional-mean hedging in a fractional Black-Scholes pricing model in the presence of proportional transaction costs. We develop an explicit formula for the conditional-mean hedging...
View ArticleClik here to view.
The effects of monetary policy shocks on inequality in Japan
The impacts of monetary easing on inequality have been attracting increasing attention recently. In this paper, we use the micro-level data on Japanese households to study the distributional effects of...
View ArticleITG Releases May 2017 U.S. Trading Volume
NEW YORK, June 07, 2017 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that May 2017 U.S. trading volume was 3.2 billion shares and...
View ArticleInnovating Around the Box
Knowledge@Wharton reports on a new book by Wharton Professor David Robertson. (The Power of Little Ideas). In the author interview, Robertson describes his focus on innovation associated with...
View ArticleRules on combating money laundering and terrorist financing in correspondent...
Press release about the Basel Committee clarifying rules on combating money laundering and terrorist financing in correspondent banking (7 June 2017).
View ArticleSound management of risks related to money laundering and financing of...
The Basel Committee is publishing the "Sound management of risks related to money laundering and financing of terrorism: revisions to correspondent banking annex - final document" report, June 2017.
View ArticleSupply Chain Management and Business Performance: VACS Model
Against this current trend of low growth and high uncertainty, business directors must work with their shareholders to set strategic objectives and define business models.read more...
View ArticleSmart Decisions in Complex Systems
Faced with ever-increasing complexity on a daily basis, the decision-makers of today are struggling to find the appropriate models, methods and tools to face the issues arising in complex systems...
View ArticleClik here to view.
Innovation, between Science and Science Fiction
Innovation mobilizes complex process in which the imaginary intervenes at various levels. If it is difficult for some players to assert who, science or science fiction is the source of innovations,...
View ArticleCobalt Frenzy: Prices Surge 150% As Tech Giants Battle For Supply | OilPrice.com
The perfect storm that is the #cobalt market https://t.co/B96TIIYNrW â moneyscience (@moneyscience) June 7, 2017
View ArticleAdaptive Robust Control Under Model Uncertainty. (arXiv:1706.02227v1 [math.OC])
In this paper we propose a new methodology for solving an uncertain stochastic Markovian control problem in discrete time. We call the proposed methodology the adaptive robust control. We demonstrate...
View Article
