BACKGROUND Different theories of the link between socio-economic status (SES) and mental illness have been postulated. In particular, two theories of this association, social causation and social selection, differ in the implied causal pathway. The authors employ behavior genetic modeling to consider evidence for both social selection and social causation in the relationship between income vari...

Private equity investors have traditionally used innovative financial methods in structuring their leveraged buyouts (LBO) deals. In recent years, they have frequently employed securitization to raise funds on the back of their acquisitions’ operating assets. A distinctive feature of these transactions is that they aim to enhance the securitizing LBO’s debt pay capacity through a set of structu...

【】 Indicates Sales by Region < > Indicates % Change Over Same Period in Previous Year In Japan, third-quarter net sales were 1,010.2 billion yen (US$9,021 million), a 7.6% increase compared to the same period in the prior fiscal year. Although there was a decrease in sales of mobile phone base stations and other products, higher sales of services, PCs, mobile phones, and advanced technology log...

This paper examines the performance of property and liability reinsurance companies in the United States. It shows that these reinsurers have higher mean values than primary insurers in the following financial ratios: net operating income to net premium earned (NOI/PE), yield on invested assets (YIA), and loss reserves to net premium written (LR/NPW). Primary insurers, on the other hand, have h...

Using transnational terrorism data from 1980 to 2000, this study empirically examines the relationships between frequency of participation in transnational terrorism acts and economic development and education improvement. We find an inverse U-shaped association between the frequency of various nationals acting as perpetrators in transnational terrorism acts and per capita income in their respe...

One typically observes differing trends in the distribution of gross incomes across countries. Where do these inequalities originate from? We consider a simple model where individuals have identical preferences but different abilities, and we investigate the impact on the distribution of gross income of changes in the way abilities are distributed among the individuals. Journal of Economic Lite...

We use a firm-CEO assignment framework to model the market for CEO effective labor. In the model’s equilibrium more talented CEOs match with and supply more effort to larger firms. Taxation of CEO incomes affects the equilibrium pricing of CEO effective labor and, hence, spills over and affects firm profits. Absent the ability to tax profits or a direct concern for firm owners, a standard presc...

The Lorenz curve for assessing economic inequality depicts the relation between two cumulative distribution functions (CDFs), one for the distribution of incomes or wealth and the other for their first-moment distribution. By contrast, the receiver operating characteristic (ROC) curve for evaluating diagnostic systems depicts the relation between the complements of two CDFs, one for the distrib...