Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10010241594
This paper examines if (and how) continuous-time trading renders dynamically-complete a financial market in which the underlying risk process is a Brownian motion and the securities pay dividends that are proportional to geometric Brownian motions. A sufficient condition, that the instantaneous...
Persistent link: https://www.econbiz.de/10011185963
This paper studies the pricing implications of the sole ambiguity aversion, in a Lucas’ tree economy where asset returns are ambiguous. Abstracting from a specific functional form, we disentangle the model-specific effect from the effect of ambiguity aversion. In addition, we allow the...
Persistent link: https://www.econbiz.de/10010736703
A key issue in increasing women’s participation in productive activities is the possibility of achieving a high work-life balance, both in terms of personal wellbeing and in terms of fair career prospects. The crucial event that challenges any level of work-life balance working women achieve...
Persistent link: https://www.econbiz.de/10009652330
We show that the introduction in a power utility function of a confidence index to sig- nal the state of the world allows for an otherwise standard asset pricing model to match the observed consumption growth volatility and excess returns with a reasonable level of relative risk aversion. Our...
Persistent link: https://www.econbiz.de/10010941706
We analyse the effects of motherhood on women’s working career using WHIP, a database that records individual work histories together with childbearing events. We investigate two main issues: the career penalty and the wage penalty (better known in the literature as family wage gap). We focus...
Persistent link: https://www.econbiz.de/10005181131
Many studies have been devoted to analyse the effect of maternity on working mothers; they mostly refer to countries where female participation is high. Fewer studies consider Southern European countries. This paper aims at filling the gap analysing the effects of motherhood on women’s working...
Persistent link: https://www.econbiz.de/10005094025
Many studies have been devoted to analyse the effect of maternity on working mothers; they mostly refer to countries where female participation is high. Fewer studies consider Southern European countries. This paper aims at filling the gap analysing the effects of motherhood on women’s working...
Persistent link: https://www.econbiz.de/10005094031