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Full-Text Articles in Social and Behavioral Sciences
Black-White Differences In Wealth Accumulation Among Americans Nearing Retirement, Eun Hyei Shin
Black-White Differences In Wealth Accumulation Among Americans Nearing Retirement, Eun Hyei Shin
All Graduate Theses and Dissertations, Spring 1920 to Summer 2023
Using data from the 2006 Health and Retirement Study (HRS), this study examines what types of assets and levels of savings are held by Black near-retirees, while comparing how types of assets and levels of savings of Black near-retirees differ from those of White near-retirees. Through the use of multivariate analyses, this study further investigates the effects of being Black on the levels of savings, the likelihood of holding IRAs, and the likelihood of being financially prepared for retirement. The study sample includes 4,077 individuals between the ages of 51 and 64, and the subsamples consist of 680 Black and …
Three Essays In Forward Rate Unbiasedness Hypothesis, Devalina Chatterjee
Three Essays In Forward Rate Unbiasedness Hypothesis, Devalina Chatterjee
All Graduate Theses and Dissertations, Spring 1920 to Summer 2023
The objective of this dissertation is to verify and explain the forward exchange rate unbiasedness hypothesis in the foreign exchange market. Since in most of the cases the unbiasedness hypothesis fails to hold, we try to provide three different explanations of this puzzling behavior in the three essays. The first essay tries to resolve the forward premium puzzle by addressing the model misspecification issue and thereby adding a time-varying risk premium term in the percentage change specification. The risk premium term is modeled using the GARCH-M representation and the model is estimated by applying a GARCH (1, 1) specification. The …