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1 - 10 van 171 voor positive return
memo241.pdf
... correlation between volatility and return consists of two components, a positive relation between the expected excess return and expected volatility, and a negative relation between the actual excess return and realised volatility ... of a recession, and raises the sharpe ratio. near the trough of the cycle, positive return innovations boost the sharpe ratio again, and this effect is reinforced by the ...
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rhineland-exit.pdf
... not fully transmitted into the wage.3 individuals with positive shocks are therefore underpaid compared to their productivity, while ... firm-specific risk is a risky return, it is a positive return. not sharing in that return thus seems just another way of ... positive effect on wages of capturing part of the profits in a steady-state equilibrium. 3.3 a more detailed analysis of insider power the return ...
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Tilburg finance tool huisstijl pdf
... about the instantaneous expected inflation, uncertainty about unexpected inflation and uncertainty about the stock return. any correlation between the real interest rate and inflation is modelled using 1r ... intuition, interpret the stochastic discount factor like a marginal utility change. for instance, positive return shocks lead to a decline in marginal utility. a theoretical justification of this ...
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Microsoft Word - Holland 110111
... test of the flexicurity model. can it cope with this and induce a reasonable quick return to lower unemployment or will it produce a persistent increase in joblessness which in turn ... effect. there is no short or longrun (5 years) positive employment effect from ordinary education for persons becoming unemployed in 2002. however, positive effects are found for persons who became unemployed in ...
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Microsoft Word - paper_flex_fredriksson.docx
... time. job search assistance presumably raises the efficiency of search and monitoring increases the individual return to search for each unit of time that the individual searches for a job. ... the program spell does not interact significantly with overall program effectiveness. however, there is a positive interaction with the effect of labor market training, suggesting that labor market training is ...
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analyzing labour supply elderly people life cycle approach pdf
... leisure, however, income and intratemporal substitution effects have an opposite sign. due to the assumed positive labour supply elasticity, the substitution effect is dominant in our model so that a ... insurance firms make payments to individuals (as a function of their asset levels) in return for receiving their positive assets when they die. however, these annuity markets and life-insurances do ...
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Athena
... amount of capital goods and labour in view of the expected return to the required investment. in doing this, they take into account ... is necessary to cover fixed costs. however, in the long run positive profits are only possible if there is no free entry. ... more than 0.5% (constant) if, ceteris paribus, productivity growth is positive or if the unemployment rate is falling. sectoral wages changes in ...
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analyzing female labor supply 0 pdf
... -points. simulations with our estimated model show that the positive effect on labor force participation dominates the negative effect of ... be different for women with different levels of education). we return to this issue in subsection 4.2 when we ... significance level. earlier studies for the netherlands found large and positive wage elasticities, for example, van soest, woittiez and kapteyn (1990 ...
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Microsoft Word - ageing_.doc
... , too. another way of explaining the finding of a positive net benefit is that current and future generations together have inherited positive government wealth from past generations (e.g. stemming ... return on equities, which also affects the return of pension funds. therefore, whereas the previous study assumed a rate of return of 5 % for pension funds the present study assumes the return ...
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Microsoft Word - doc73.doc
... our case studies are therefore rather limited, both in number and in kind. on the positive side, however, we found no evidence contradicting the policy recommendations made in the roadmap. the ... in price regulation, from rate-of-return to price-cap, has had no effect on reliability. however, the introduction of quality regulation did have a major positive effect on quality. finally, publicly ...
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