Aggregate idiosyncratic volatility
We examine aggregate idiosyncratic volatility in 23 developed equity markets, measured using various methodologies. We find no evidence of upward…
Lees meerEndogenous dividend dynamics and the term structure of dividend strips
Many leading asset pricing models predict that the term structure of expected returns and volatilities on dividend strips are upward…
Lees meerOn the relative pricing of long maturity index options and collateralized debt obligations
We investigate a structural model of market and firm-level dynamics in order to jointly price long-dated S&P 500 index options…
Lees meerTesting conditional factor models
Using nonparametric techniques, we develop a methodology for estimating and testing conditional alphas and betas and long-run alphas and betas,…
Lees meerCognitive functioning over the life cycle
This paper by Eric Bonsang, Thomas Dohmen, Arnaud Dupuy and Andries de Grip (Maastricht University, ROA) reviews the psychological, medical,…
Lees meerRisicoattitude en beroepskeuze van schoolverlaters
Retirement and cognitive development: Are the retired really inactive?
This paper uses longitudinal test data to analyze the relation be-tween retirement and cognitive development. Controlling for individ-ual fixed effects…
Lees meerSatisfaction with social contacts of older Europeans
Satisfaction with daily activities after retirement in Europe
This paper analyses the determinants of satisfaction with daily activities among retirees aged 65 years or older in eleven European…
Lees meerCognitive ageing and risk attitude
In this paper we investigate to what extent the decrease in the willingness to take risks with age can be…
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