Life-Cycle Consumption Patterns at Older Ages in the US and the UK: Can...
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including...
View ArticleAugmenting the Human Capital Earnings Equation with Measures of Where People...
We augment standard ln earnings equations with variables reflecting unmeasured attributes of workers and measured and unmeasured attributes of their employer. Using panel employee-establishment data...
View ArticleThe Effects of School Desegregation on Mixed-Race Births -- by Nora Gordon,...
We find a strong positive correlation between black exposure to whites in their school district and the prevalence of later mixed-race (black-white) births, consistent with the literature on...
View ArticleNigerian Stock Exchange And Bloomberg Set To Hold 2nd CEO Roundtable - With...
The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg is set to host the 2nd NSE Bloomberg CEO Roundtable Event on Wednesday, 31st  August 2016 at the Stock Exchange House, Marina,...
View ArticleTIM Group Bolsters Size Of Us Offices With Three New Hires - Three New Hires...
TIM Group, a global provider of software, services and platforms for institutional investors to achieve market-beating returns, has recruited three further members to work in its New York office, to...
View ArticleCME Group Expands Base Metals Offering With Two New Alumina Futures Contracts
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will expand its base metals offering with the introduction of Alumina FOB Australia (S&P Global Platts)...
View ArticleIs There Such a Thing as Too Much Feedback?
The Wall Street Journal reports today on the changing culture at Kimberly-Clark, maker of products such as Huggies diapers and Kleenex tissues. Â In this article, Lauren Weber writes the following:...
View ArticleEEX Publishes 2016 Auction Calendar For The New EU Common Auction Platform -...
The European Energy Exchange (EEX) has determined the Auction Calendar for the auctions of EU allowances (EUA) and EU aviation allowances (EUAA) to be held on the successor EU common auction platform...
View ArticleCFTC Orders California Resident Irena Feldman and her Companies Cindium Inc....
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Respondents Irena Feldman, Cindium Inc., and Einstein Exchange Group Inc. for...
View ArticleCanadian Securities Regulators To Measure Impact Of Point of Sale Amendments...
The Canadian Securities Administrators (CSA) today announced a multi-year research project to measure the impacts of requirements introduced by Phase 2 of the Client Relationship Model (CRM2) and the...
View ArticleVolatility and Arbitrage. (arXiv:1608.06121v1 [q-fin.PM])
The capitalization-weighted total relative variation $\sum_{i=1}^d \int_0^\cdot \mu_i (t) \mathrm{d} \langle \log \mu_i \rangle (t)$ in an equity market consisting of a fixed number $d$ of assets with...
View ArticleNew economic windows on income and wealth: The k-generalized family of...
Over the last decades, the distribution of income and wealth has been deteriorating in many countries, leading to increased inequalities within and between societies. This tendency has revived the...
View ArticleOptimal Switching under Ambiguity and Its Applications in Finance....
In this paper, we study optimal switching problems under ambiguity. To characterize the optimal switching under ambiguity in the finite horizon, we use multidimensional reflected backward stochastic...
View ArticleA String Model of Liquidity in Financial Markets. (arXiv:1608.05900v1...
We consider a dynamic market model where buyers and sellers submit limit orders. If at a given moment in time, the buyer is unable to complete his entire order due to the shortage of sell orders at the...
View ArticleThe Growth of Oligarchy in a Yard-Sale Model of Asset Exchange: A Logistic...
The addition of wealth-attained advantage (WAA) to the Yard-Sale Model (YSM) of asset exchange has been demonstrated to induce wealth condensation. In a model of WAA for which the bias is a continuous...
View ArticleStochastic Evolution Equations in Banach Spaces and Applications to...
In this paper we study the stochastic evolution equation (1.1) in martingale-type 2 Banach spaces (with the linear part of the drift being only a generator of a C0-semigroup). We prove the existence...
View ArticleHong Kong's Securities And Futures Commission Reprimands And Fines Morgan...
The Securities and Futures Commission (SFC) has resolved its concerns with Morgan Stanley Hong Kong Securities Limited (MSHK) over its internal control failures. Under the resolution, the SFC...
View ArticleASIC Bans Former Macquarie Adviser Sarah Kate Gardner
ASIC has banned Sarah Kate Gardner, of Mooloolaba, Queensland, from providing financial services for one year.read more...
View ArticleMoscow Exchange: Risk Parameters For Bond
This bond will be transferred to the partial collateral from August 25, 2016. From this date on, the following risk parameters will be applied:read more...
View ArticleASIC Bans Former Macquarie Adviser Anthony Jason Sourris
ASIC has banned Anthony Jason Sourris, of Kenmore, Queensland, from providing financial services for two and a half years.read more...
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