This paper examines several US monthly financial time series data using fractional integration and cointegration techniques. The univariate analysis based on fractional integration aims to determine whether the series are I(1) (in which case markets might be efficient) or alternatively I(d) with d < 1, which implies mean reversion. The multivariate framework exploiting recent developments in fractional ...
In this paper, we focus on network- and gender-specific determinants of remittances, which are often explained theoretically by way of intra-family contracts. We develop a basic formal concept that includes aspects of the transnational network and derive hypotheses from it. For our empirical investigation, we use data from the German Socio-Economic Panel Study (SOEP) for the years 2001-2006. Our findings ...
Perceived control plays an important role in shaping development throughout adulthood and old age. Using data from the adult lifespan sample of the national German Socio-Economic Panel (SOEP; N > 10,000, covering 25 years of measurement), we explored long-term antecedents, correlates, and outcomes of perceived control and examined if associations differ with age. Targeting correlates and antecedents ...
Abstract: This is the first study investigating the causal effect of maternal education on child's health behavior and schooling outcomes in Germany. Our paper adds to the existing literature on intergenerational transfers in various ways. We apply a new instrumental variables approach which has not yet been used in the intergenerational context. Therefore, we draw on a rich German panel data set ...