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The Determinants of Credit Spread Changes.

by Pierre Collin-Dufresne , Robert S Goldstein , J Spencer Martin , Gurdip Bakshi , Greg Bauer , Dave Brown , Francesca Carrieri , Peter Christoffersen , Susan Christoffersen , Greg Duffee , Darrell Duffie , Vihang Errunza , Gifford Fong , Mike Gallmeyer , Laurent Gauthier , Rick Green , John Griffin , Jean Helwege , Kris Jacobs , Chris Jones , Andrew Karolyi , Dilip Madan , David Mauer , Erwan Morellec , Federico Nardari , N R Prabhala , Tony Sanders , Sergei Sarkissian , Bill Schwert , Ken Singleton , Chester Spatt , René Stulz - Journal of Finance , 2001
"... ABSTRACT Using dealer's quotes and transactions prices on straight industrial bonds, we investigate the determinants of credit spread changes. Variables that should in theory determine credit spread changes have rather limited explanatory power. Further, the residuals from this regression are ..."
Abstract - Cited by 422 (2 self) - Add to MetaCart
used. We conclude in Section V. 2 I. Theoretical Determinants of Credit Spread Changes So-called structural models of default provide an intuitive framework for identifying the determinants of credit spread changes. 4 These models build on the original insights of Black and Scholes (1973), who

Labor supply response to the earned income tax credit. The Quarterly

by Nada Eissa, Jeffrey, B. Liebman - Journal of Economics , 1996
"... This paper examines the impact of the Tax Reform Act of 1986 (TRA86), which included an expansion of the earned income tax credit, on the labor force participation and hours of work of single women with children. We identify the impact of TRA86 by comparing the change in labor supply of single women ..."
Abstract - Cited by 396 (12 self) - Add to MetaCart
who were already in the labor force. Historically, the United States has chosen to provide a safety net for families with children. Since 1935, Aid to Families with Dependent Children (AFDC) has supplied cash welfare payments to needy single-parent families. Families on AFDC may also re-ceive food

The Neighborhoods They Live In: The Effects of Neighborhood Residence on Child and Adolescent Outcomes

by Tama Leventhal, Jeanne Brooks-gunn - Psychological Bulletin , 2000
"... This article provides a comprehensive review of research on the effects of neighborhood residence on child and adolescent well-being. The first section reviews key methodological issues. The following section considers links between neighborhood characteristics and child outcomes and suggests the im ..."
Abstract - Cited by 309 (10 self) - Add to MetaCart
for an emerging developmental framework for research on neighborhoods are discussed. Social science concerns about the effects of residence in a poor neighborhood on children and youth date back more than 50 years to the publication of Shaw and McKay's (1942) Juvenile Delin-quency and Urban Areas. Historical

Who trusts others?

by Alberto Alesina, Eliana La Ferrara , 2002
"... Both individual experiences and community characteristics influence how much people trust each other. Using individual level data drawn from US localities we find that the strongest factors associated with low trust are: (i) a recent history of traumatic experiences; (ii) belonging to a group that h ..."
Abstract - Cited by 297 (8 self) - Add to MetaCart
that historically felt discriminated against, such as minorities (blacks in particular) and, to a lesser extent, women; (iii) being economically unsuccessful in terms of income and education; (iv) living in a racially mixed community and/or in one with a high degree of income disparity. Religious beliefs and ethnic

Historical origins of the health belief model

by Irwin M. Rosenstock, Ph. D - Health Education Monographs , 1974
"... I t is always difficult to trace the historical development of a theory that has been the subject of considerable direct study and has directly or indirectly spawned a good deal of additional research. This is certainly true of the Health Belief Model, perhaps even more than usual because the Model ..."
Abstract - Cited by 189 (0 self) - Add to MetaCart
I t is always difficult to trace the historical development of a theory that has been the subject of considerable direct study and has directly or indirectly spawned a good deal of additional research. This is certainly true of the Health Belief Model, perhaps even more than usual because the Model

Sociocultural theory and second language learning

by James P. Lantolf, Steven L. Thorne , 2000
"... The intent of this chapter is to familiarize readers with the principles and con-structs of an approach to learning and mental development known as Socio-cultural Theory.1 Sociocultural Theory (SCT) has its origins in the writings of the Russian psychologist L. S. Vygotsky and his colleagues. SCT ar ..."
Abstract - Cited by 259 (2 self) - Add to MetaCart
The intent of this chapter is to familiarize readers with the principles and con-structs of an approach to learning and mental development known as Socio-cultural Theory.1 Sociocultural Theory (SCT) has its origins in the writings of the Russian psychologist L. S. Vygotsky and his colleagues. SCT

Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market,” mimeo

by Lutz Kilian, Jel E - Department of Economics, University of Michigan
"... Abstract: Using a newly developed measure of global real economic activity, a structural decomposition of the real price of crude oil into three components is proposed: crude oil supply shocks; shocks to the global demand for all industrial commodities; and demand shocks that are specific to the cr ..."
Abstract - Cited by 259 (39 self) - Add to MetaCart
to the crude oil market. The latter shock is designed to capture shifts in the price of oil driven by higher precautionary demand associated with concerns about the availability of future oil supplies. The paper estimates the dynamic effects of these shocks on the real price of oil. A historical decomposition

Exemplar dynamics: Word frequency, lenition and contrast

by Janet B. Pierrehumbert - In , 2001
"... Exemplar theory was first developed as a model of similarity and classification in perception. In this paper, the theory is extended to model speech production as well as speech perception. Straightforward extension of the model provides a formal framework for thinking about the quantitative predict ..."
Abstract - Cited by 243 (7 self) - Add to MetaCart
predictions of usage-based phonology, as proposed by Bybee. A model is proposed which allows us to derive the finding that leniting historical changes are more advanced in frequent words than in rarer ones. Calculations using this model are presented which reveal the interaction of production noise, lenition

2002), “The Economics of the World Trading System

by Kyle Bagwell, Robert W. Staiger, Book Review, Chad P. Bown - Bićanić, Ivo and Marko Škreb (1991), “The Service Sector in East European Economies: What Role Can it Play in Future Development,” Communist Economies and Economic Transformation 3(1
"... 1 Before the late 1990s, a trade economist who wished to delve into research on the theory behind the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) faced significant barriers to entry. First, as research into the GATT/WTO framework has historically been the dom ..."
Abstract - Cited by 235 (32 self) - Add to MetaCart
1 Before the late 1990s, a trade economist who wished to delve into research on the theory behind the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) faced significant barriers to entry. First, as research into the GATT/WTO framework has historically been

Welfare’s Historical Origins and the Expansion of AFDC................................................... 5

by James Midgley, Commentaries Kitty Stewart, David Piachaud, Howard Glennerster
"... ..."
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