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Daniel Herrera-Araujo, Bennett Shaywitz, John Holahan, Karen Marchione, Reissa Michaels, Sally Shaywitz et James K. Hammitt
n° 17-761, janvier 2017
While much is known about dyslexia in school-age children and adolescents, less is known about its effects on quality of life in adults. Using data from the Connecticut Longitudinal Study we provide the first estimates of the monetary value of improving reading, speaking, and cognitive skills to...
Jihyun Kim et Joon Park
vol. 196, n° 1, janvier 2017, p. 37–54
We provide the asymptotic theory for functionals of recurrent diffusions. Our asymptotics are completely general and applicable for all cases, including positive and null recurrent diffusions, and diffusions with and without the integrabil- ity conditions. They are established directly from the...
Céline Nauges
Springer Netherlands, vol. 66, n° 1, janvier 2017, p. 65–88
Jean-Paul Décamps, S. Gryglewicz, E. Morellec et Stéphane Villeneuve
vol. 30, n° 1, janvier 2017, p. 162–210
We develop a dynamic model of investment, financing, liquidity and risk manage- ment policies in which firms face financing frictions and are subject to permanent and temporary cash ow shocks. In this model, the cash- ow sensitivity of cash increases with financing constraints and cash ow...
Michael Gurven, Astrid Hopfensitz, Hillard Kaplan et Jonathan Stieglitz
vol. 38, n° 1, janvier 2017, p. 71–81
Two disparate views of the sexual division of labour have dominated the 53 representation of intra-household resource allocations. These joint and separate interests 54 views differ in their interpretation of the relative roles of men and women, and make different 55 predictions about the extent to...
Samuel Maistre, Pascal Lavergne et Valentin Patilea
vol. 180, janvier 2017, p. 13–29
We address the issue of lack-of-fit testing for a parametric quantile regression. We propose a simple test that involves one-dimensional kernel smoothing, so that the rate at which it detects local alternatives is independent of the number of covariates. The test has asymptotically gaussian...
Thilak Mallawaarachchi, Céline Nauges, John Quiggin et Orion Sanders
vol. 61, n° 1, janvier 2017, p. 36–55
The agricultural sector is commonly regarded as one of the most vulnerable to climate change. Current understanding of the impact of climate change on this sector relies on the underlying assumptions about farmers’ possible responses to weather variability, including changes in crop choice, input...
Jean-François Bonnefon, Wim De Neys et Astrid Hopfensitz
vol. 40, janvier 2017, p. 24–25
Research on trustworthiness perception from faces has unfolded in a way that is strikingly reminiscent of Jussim's narrative in his 2012 book. Jussim's analysis warns us against overemphasizing evidence about prejudice over evidence about accuracy, when both are scant; and reminds us to hold all...
Olivier Faugeras
vol. 5, n° 1, janvier 2017, p. 121–132
In this note, we elucidate some of the mathematical, statistical and epistemological issues involved in using copulas to model discrete data. We contrast the possible use of (nonparametric) copula methods versus the problematic use of parametric copula models. For the latter, we stress, among other...
Nataliya Klimenko et Jean-Charles Rochet
vol. 68, janvier 2017, p. 92–102
We develop a simple macroeconomic model with extreme financial frictions (no credit markets) and show that poverty traps can emerge even in the absence of leverage. In our model, farmers produce fruit by renting land from landlords. Crops are exposed to aggregate shocks (weather risk). To guarantee...
