Related papers: Putting a price on tenure
This study examines how market risks impact the sustainability and performance of the New Pension System (NPS). NPS relies on defined contributions from both employees and employers to build a corpus during the employee's service period.…
In this article, we investigate whether exchange rate risk is priced. We use a multivariate GARCH-in-Mean specification and test alternative conditional international CAPM versions. Our results support strongly the international…
This study investigates price seasonality in the Brazilian air transport industry, emphasizing the impact of the COVID-19 pandemic on domestic airline pricing strategies. Given potential shifts in demand patterns following the global health…
Equal pay is an essential component of gender equality, one of the Sustainable Development Goals of the United Nations. Using resume data of over ten million Chinese online job seekers in 2015, we study the current gender pay gap in China.…
Investment in research and development is a key factor in increasing countries' competitiveness. However, its impact can potentially be broader and include other socially relevant elements like job quality. In effect, the quantity of…
This paper statistically analysed pensioner longevity in Ghana. It fundamentally sought to ascertain the significant determinants of longevity amongst Ghanaian pensioners, specifically, SSNIT pensioners by estimating the mortality rate of…
Increasing every year the retirement age by the same amount as the increase of the life expectancy gives roughly stable ratios of the number of retired to working-age people in industrialized countries. Continuous influx of immigrants,…
Travel speed is an intrinsic feature of transport, and enlarging the speed is considered as beneficial. The benefit of a speed increase is generally assessed as the value of the saved travel time. However, this approach conflicts with the…
We identify the distributional and quantile marginal treatment effect functions when the outcome is right-censored. Our method requires a conditionally exogenous instrument and random censoring. We propose asymptotically consistent…
Brazilian executive body has consistently vetoed legislative initiatives easing creation and emancipation of municipalities. The literature lists evidence of the negative results of municipal fragmentation, especially so for metropolitan…
When a firm hires a worker, adding the new hire to payroll is costly. These costs reduce the amount of resources that can go to recruiting workers and amplify how unemployment responds to changes in productivity. Workers also incur up-front…
It is customary for researchers and practitioners to fit linear models in order to predict NBA player's salary based on the players' performance on court. On the contrary, we focus on the players salary share (with regards to the team…
This paper extends and adapts an existing abstract model into an empirical metropolitan region in Brazil. The model - named SEAL: a Spatial Economic Agent-based Lab - comprehends a framework to enable public policy ex-ante analysis. The aim…
Tax work is costly for society: Administrative tax labour is typically to a high degree shuffled off the government and onto every taxpayer by law. The higher the burden of any tax system, the costlier for society, as taxpayers are unable…
In 2015, Germany introduced a national minimum wage. While the literature agrees on at most limited negative effects on the overall employment level, we go into detail and analyze the impact on the working hours dimension and on the subset…
Hydrogen is expected to play a key role in the energy transition. Analyses exploring the price of hydrogen usually calculate average or marginal production costs regardless of the time of delivery. A key factor that affects the price of…
We explore the statistical laws behind the plurality voting system by investigating the election results for mayor held in Brazil in 2004. Our analysis indicate that the vote partition among mayor candidates of the same city tends to be…
This paper investigates the relationship between job mobility and earnings growth in the UK labour market, with a focus on gender differences in the returns to switching jobs. Using data from the Annual Survey of Hours and Earnings (ASHE)…
Global fixed income returns span across multiple maturities and economies, that is, they naturally reside on multi-dimensional data structures referred to as tensors. In contrast to standard "flat-view" multivariate models that are agnostic…
In the context of a general semimartingale model of a complete market, we aim at answering the following question: How much is an investor willing to pay for learning some inside information that allows to achieve arbitrage? If such a value…