Retirement and memory in Europe

2015 ◽  
Vol 36 (7) ◽  
pp. 1434-1458 ◽  
Author(s):  
LAURA BIANCHINI ◽  
MARGHERITA BORELLA
Keyword(s):  
Panel Data ◽  
Instrumental Variable ◽  
Fixed Effects ◽  
Word Recall ◽  
Individual Heterogeneity ◽  
Variable Technique ◽  
Data Set ◽  
Memory Measure ◽  
Measure Word ◽  
Positive Effect

ABSTRACTWe investigate the effect of retirement on memory using the Survey on Health, Ageing and Retirement in Europe (SHARE). The availability of a panel data-set allows individual heterogeneity to be controlled for when estimating the effect of transitions into retirement on a commonly employed memory measure, word recall. We control for endogeneity of the retirement decision applying an instrumental variable technique to our fixed-effects transformation. Our main finding is that, conditional on the average non-linear memory age path of the typical individual, time spent in retirement has a positive effect on word recall.

scholarly journals Determinants of the Solvency of Insurance Companies in Palestine

2019 ◽  
Vol 10 (6) ◽  
pp. 188
Author(s):  
Yousef Abdel Latif Abdel Jawad ◽  
Issam Ayyash
Keyword(s):  
Quantitative Analysis ◽  
Panel Data ◽  
Fixed Effects ◽  
Financial Statements ◽  
Insurance Companies ◽  
Insignificant Effect ◽  
Analysis Methods ◽  
Negative Effect ◽  
The Relationship ◽  
Positive Effect

The study aimed to investigate the factors that affect the solvency of the insurance companies in Palestine and to highlight the nature and strength of the relationship between liquidity, investment, leverage, claims and the solvency of the insurance companies in Palestine.To achieve the objectives of the study, the descriptive and quantitative analysis methods were used in the study. Based on the data of the financial statements of seven insurance companies (out of 9 companies) and by using regression of fixed effects of panel data for 2010-2017, the study found that the claims have a positive effect on the financial solvency and leverage has a negative effect on the solvency of insurance companies in Palestine, while investment and liquidity have an insignificant effect on financial solvency.

scholarly journals Media and Economic Growth: Country Groups Difference via Panel Data

2020 ◽  
Vol 5 (5) ◽  
Author(s):  
Viktoriia Ahapova
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Press Freedom ◽  
Foreign Direct Investments ◽  
Fixed Effects Model ◽  
Data Set ◽  
The Press ◽  
Per Capita

The present article investigates the link between economic growth, namely GDP per capita, and the media activity represented with the indicator of the press freedom alongside other factors such as infrastructure, institutional conditions, and foreign direct investments. A panel of 179 countries was used for the period from 2000 to 2015. In particular, we run two panel data analysis models, fixed effects and random effects models, and examined their output with Hausman’s specification test, which pointed the fixed effects model as more efficient for the presented data set. However due to the presence of serial correlation, heteroskedastic, and cross-panel dependence, a Prais-Winsten regression with panel corrected standard errors (PCSE) was implemented. The comparative analysis of models of four country groups, divided by GNI per capita, was conducted. Both statistically significant correlation coefficients and models’ output provided evidence of an association between economic growth and the press activity.

scholarly journals Informasi Akuntansi dan Harga Saham Perusahaan LQ45

2019 ◽  
Vol 30 (1) ◽  
pp. 32
Author(s):  
Dwi Hartini Rahayu
Keyword(s):  
Panel Data ◽  
Stock Price ◽  
Accounting Information ◽  
Data Set ◽  
Book Value ◽  
Independent Variables ◽  
Earnings Per Share ◽  
Operating Cash Flow ◽  
Relationship Of ◽  
Positive Effect

This paper examine relationship of accounting information and stock price of LQ45 firms. Earnings per share (EPS), book-value per share (BVPS) and net operating cash flow per share (NOCFPS) are used as independent variables and stock price as dependent variable.  Hypothesis was tested using balanced panel data set of 23 listed companies included in the LQ45 index during 2013-2017. The result of this study shows that EPS and NOCFPS has a positive effect on stock price, while there is no evidence that BVPS has effect on stock price.

scholarly journals Do White Police Officers Unfairly Target Black Suspects?

2022 ◽  
Vol 4 (2) ◽  
pp. p12
Author(s):  
John R. Lott, Jr ◽  
Carlisle E. Moody
Keyword(s):  
Panel Data ◽  
Police Officers ◽  
Fixed Effects ◽  
The United States ◽  
Fixed Effects Model ◽  
Discrimination Test ◽  
Data Set ◽  
Unique Data ◽  
Fbi Data ◽  
The City

Using a unique data set we link the race of police officers who kill suspects with the race of those who are killed across the United States. We have data on a total of 2,706 fatal police killings for the years 2013 to 2015. This is 1,333 more killings by police than is provided by the FBI data on justifiable police homicides. We conducted three tests of discrimination. The results of these tests are different. In the first test we find some evidence that white officers are more likely to kill a black suspect who is later found to be unarmed than they are to kill an unarmed white suspect. However, this result could not be confirmed using a fixed effects model on panel data aggregated to the city level. In the second test, we find that white police officers are no more likely to kill an unarmed black suspect than are black or Hispanic officers. The results of this test are confirmed by the panel data version of the test. The third discrimination test indicated that black suspects, whether armed or not, are no more likely to be killed by a white officer than they are to be killed by black or Hispanic officers. Similarly, Hispanic suspects are no more likely to be killed by white offices than officers of other races. These results are also confirmed by panel data analyses. We find that when there is more than one officer on the scene, unarmed black suspects are not more likely to be killed by white police officers than unarmed white suspects. This could be evidence supporting a policy of reducing the number of officers working alone. Also, we find no evidence that body cameras affect either the number of police killings or the racial composition of those killings.

Non-performing Loans and Moral Hazard in the Indian Banking Sector: A Threshold Panel Regression Approach

2020 ◽  
pp. 097215092092613
Author(s):  
Robin Thomas ◽  
Shailesh Singh Thakur
Keyword(s):  
Panel Data ◽  
Moral Hazard ◽  
Regression Model ◽  
Fixed Effects ◽  
Bank Lending ◽  
Empirical Literature ◽  
Data Set ◽  
Panel Data Regression ◽  
Data Regression ◽  
Indian Banks

This article attempts to examine the effect of non-performing assets (NPA) on behaviour of banks in India. The objectives of this article is to test if lending choices of Indian Banks demonstrate moral hazard and to test whether an increase in NPA ratio of banks raises riskier bank lending. We employ a threshold panel data regression model on a data set retrieved from the Reserve bank of India, which covered 45 commercial banks during the period 2009–2015, to test if lending choices of Indian banks demonstrate moral hazard. The results establish that the moral hazard hypothesis does not hold true for the given sample of India Banks, suggesting that an increase in the NPA ratio does not potentially increase riskier lending in sample banks. We find empirical evidence for the notion that ‘too-big-to-fail’ banks possibly have certain incentives to take higher risks and thus have higher NPA ratios. Graphical approach to NPA threshold explanation reveals presence of threshold; however, it could not be statistically established. Future implications of findings are evaluated. The study seminally adds to the empirical literature on use of fixed effects threshold panel data regression model in the context of Indian banks.

Leverage and Family Firms

2020 ◽  
pp. 191-208
Author(s):  
Sergio Camisón-Haba ◽  
José Antonio Clemente ◽  
Beatriz Forés ◽  
Melanie Grueso-Gala
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Agency Theory ◽  
Ownership Structure ◽  
Theoretical Approach ◽  
Family Firms ◽  
Tourism Industry ◽  
Individual Heterogeneity ◽  
The Relationship ◽  
Positive Effect

This chapter analyses the relationship between ownership structure and leverage, providing an integrated theoretical approach that combines traditional financial theories, agency theory, and recently developed theories relating to non-financial preferences. The results show that, after controlling for endogeneity, being a family firm has a positive effect on the propensity to incur debt. These findings add to the existing body of literature and underline the need for a multi-theoretical approach when explaining the capital structure of family firms. The authors apply panel data methodology to control for individual heterogeneity of family firms. The chapter uses a sample of Spanish firms operating in the tourism industry.

scholarly journals Alcohol Consumption and Liver Cirrhosis Mortality: New Evidence from a Panel Data Analysis for Sixteen European Countries

2011 ◽  
Vol 6 (1) ◽  
pp. 67-82 ◽  
Author(s):  
Jan Bentzen ◽  
Valdemar Smith
Keyword(s):  
Liver Cirrhosis ◽  
Panel Data ◽  
Alcohol Consumption ◽  
Fixed Effects ◽  
Close Association ◽  
Panel Data Analysis ◽  
Empirical Modeling ◽  
European Countries ◽  
Data Set ◽  
Cirrhosis Mortality

AbstractEmpirical evidence gives support to a close association between liver cirrhosis mortality and the intake of alcohol. The present analysis draws on a panel data set for sixteen European countries from 1970–2006 where both alcohol consumption and liver cirrhosis seem best described as trend-stationary variables. Consequently, a flexible non-linear functional form with country fixed effects including linear trends is applied in the analysis. It is argued that fewer restrictions on the relationship between liver cirrhosis mortality and alcohol consumption are appropriate for empirical modeling. The conclusion is that the total level of alcohol consumption as well as the specific beverages – beer, wine and spirits – contribute to liver cirrhosis mortality, but the present study also reveals that addressing the question of panel unit roots directly and in this case subsequently applying a trend-stationary modeling methodology reduces the estimates of the impacts from alcohol consumption to liver cirrhosis. Finally, more restrictive alcohol policies seem to have influenced the country-specific development in cirrhosis mortality positively. (JEL Classification: 110)

scholarly journals The Impacts of Charter Schools on Student Achievement: Evidence from North Carolina

2006 ◽  
Vol 1 (1) ◽  
pp. 50-90 ◽  
Author(s):  
Robert Bifulco ◽  
Helen F. Ladd
Keyword(s):  
North Carolina ◽  
Public Schools ◽  
Panel Data ◽  
Charter Schools ◽  
Fixed Effects ◽  
Data Set ◽  
Achievement Gains ◽  
Traditional Public Schools ◽  
Negative Effect ◽  
The Impact

Using an individual panel data set to control for student fixed effects, we estimate the impact of charter schools on students in charter schools and in nearby traditional public schools. We find that students make considerably smaller achievement gains in charter schools than they would have in public schools. The large negative estimates of the effects of attending a charter school are neither substantially biased, nor substantially offset, by positive impacts of charter schools on traditional public schools. Finally, we find suggestive evidence that about 30 percent of the negative effect of charter schools is attributable to high rates of student turnover.

scholarly journals Estimating the impact of export costs on Vietnam‟s export

2018 ◽  
Vol 1 (Q5) ◽  
pp. 74-81
Author(s):  
Tu Thi Cam Mai
Keyword(s):  
Panel Data ◽  
Random Effects ◽  
Fixed Effects ◽  
Trade Costs ◽  
Export Growth ◽  
International Competition ◽  
Data Set ◽  
Factors Affecting ◽  
Domestic Trade ◽  
The Impact

In the context of increasing international competition, production and export costs are the two crucial factors affecting the competitiveness and sustainability of developing ountries’ export growth The p per hen e fo use on estim ting the imp t of export ost on Vien m’s export value. This paper employed panel data set which covers the annual export from 2001 to 2013 of 70 Vietnamese major exporters with 910 observations. Hausman – Taylor (1981) test is used to compare the Random-effects (RE) and Fixed-effects (FE) estimations to determine the most appropriate. The findings confirmed that export cost plays an import nt role in the Vietn m’s export perform n e in the period 2001-2013. The determinants of Vietn m’s export v lue re tr e ost (-2.965), Vietn m’s GDP (0 658) importer’s GDP (0 413) importer’s popul tion (0 289) importer’s openness (0.252). This suggests that the Vietnamese Government should attempt to reduce domestic trade costs to enhance competitiveness and boost export growth sustainably.

scholarly journals Board of Directors’ Size and Firm Performance: Evidence from Non-Financial French Firms Listed on CAC 40

2020 ◽  
Vol 15 (2) ◽  
pp. 46-61
Author(s):  
Hemza Boussenna
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Board Of Directors ◽  
Random Effects ◽  
Fixed Effects ◽  
Optimal Number ◽  
Board Size ◽  
The Relationship ◽  
Positive Effect

AbstractThe study aims to investigate the relationship between board size and firm’s performance for a sample of non-financial French firms listed on the CAC 40 between 2005 and 2017. We estimated the firm’s performance using two types of metrics, the accounting-based measures (ROA and ROE) and the market-based measures (Tobin Q and MTB). By applying the panel data regressions (fixed-effects and random-effects), the findings show that there is a positive effect of board size on firm performance. In addition, our results show that the optimal number of the board size should be between 13 and 17 members in order to achieve good performance for non-financial French firms.

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