40 research outputs found
Trust, sociability and stock market participation
No full textWe investigate the effects of both trust and sociability for stock market participation, the role of which has been examined separately by existing finance literature. We use internationally comparable household data from the Survey of Health, Ageing and Retirement in Europe supplemented with regional information on generalized trust from the World Value Survey and on specific trust to financial institutions from Eurobarometer. We show that trust and sociability have distinct and sizeable positive effects on stock market participation and that sociability is likely to partly balance the discouragement effect on stockholding induced by low generalized trust in the region of residence. We also show that specific trust in advice given by financial institutions represents a prominent factor for stock investing, compared to other tangible features of the banking environment. Probing further into various groups of households, we find that sociability can induce stockholding among the less well off in Sweden, Denmark, and Switzerland where stock market participation is widespread. On the other hand, the effect of generalized trust is strong in countries with limited participation and low average trust like Austria, Spain, and Italy, offering an explanation for the remarkably low participation rates of the wealthy living therein
Immigrant Self-Employment: Does Intermarriage Matter?
No full textThis paper investigates the effect of a native spouse on the transitions into and out of entrepreneurship of male immigrants in the U.S. We find that those married to a native are less likely to start up a business compared to those married to an immigrant. This finding is robust when the endogeneity of being married to a native is taken into account. We also show that immigrants married to a native are significantly less likely to exit from entrepreneurship compared to their counterparts who are married to an immigrant. Our results point to an interesting asymmetric role of being intermarried in deciding to become an entrepreneur and for survival in entrepreneurship, which is consistent with a network effect. On the one hand, intermarriage reduces the chance of starting up a business possibly because better access to local networks can help transitions into other forms of employment (e.g. paid employment). On the other hand, superior access to local networks through marriage to a native spouse facilitates business survival.native spouse, migration, business ownership, social networks
Correction to: A multilevel longitudinal study of obsessive compulsive symptoms in adolescence: male gender and emotional stability as protective factors
No full textAbstract The original version of this article unfortunately contained a mistake in the author name. The co-author’s name should be Dimitris Dikeos instead of Dimitris Dikaios
An empirical study of UK households' portfolio decisions
No full textEThOS - Electronic Theses Online ServiceGBUnited Kingdo
Author Correction:Genomic epidemiology reveals multiple introductions of SARS-CoV-2 from mainland Europe into Scotland (Nature Microbiology, (2021), 6, 1, (112-122), 10.1038/s41564-020-00838-z)
No full textCorrection to: Nature Microbiology https://doi.org/10.1038/s41564-020-00838-z, published online 21 December 2020.In the Supplementary Information PDF originally published with this Article, the surname of the consortium member Dimitris Grammatopoulos was misspelt ‘Gramatopoulos’. This error has now been corrected.</p
Does Culture Matter? The Relevance of Culture in Politics and Governance in the Euro-Mediterranean Zone. ZEI Discussion Paper: 2002: C 111
No full text[Table of Contents]: Culture and Governance in the Mediterranean – A Rationale and Overview, by Indra de Soysa and Peter Zervakis; The Relevance of Culture in Democratic Governance – Lessons from the Western Hemisphere, by Lawrence E. Harrison; Culture in Politics and Governance – European Experiences, by Klaus von Beyme; Penser L’Espace Mediterranean, by Mohammed Arkoun; Muslim and Western Civilization – Is Co-Prosperity and Peace Possible?, by Erich Weede; Political Culture and Democracy in Turkey, by Ergun Özbudun; The Crisis of Political Culture in the Arab World – A Conflict of Paradigms, by Paul Salem; Euro-Mediterranean Formations – Cultural Imperatives of System Change, by Dimitris K. Xenakis and Dimitris Chryssochoou; Cross-cultural Currents in the Mediterranean – What Prospects, Stephan Calleya; Politics and Governance in the Mediterranean, by Franck Biancheri; The Mediterranean - New Directions of Research and Policy-Making, by Ludger Kühnha
Correction: A multilevel longitudinal study of obsessive compulsive symptoms in adolescence: Male gender and emotional stability as protective factors [Ann Gen Psychiatry, 16, (2017), (42)] DOI: 10.1186/s12991-017-0165-z
No full textThe original version of this article [1] unfortunately contained a mistake in the author name. The co-author's name should be Dimitris Dikeos instead of Dimitris Dikaios. The original article has been corrected. © The Author(s) 2018
Correction: Minimally invasive surgery in emergency surgery: a WSES survey (World Journal of Emergency Surgery, (2022), 17, 1, (18), 10.1186/s13017-022-00419-x)
No full textFollowing the publication of the original article [1], in html tagging the author name “Dimitris Damaskos” under WSES MIS working group was incorrectly written as “Dimitris Damascos”.The original article has been corrected
Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession
No full textWe use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital losses in housing and in their financial portfolios, and that a non-trivial fraction of respondents have lost their job. As a consequence of these shocks, many households reduced substantially their expenditures. We estimate that the marginal propensities to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those who became unemployed reduced spending by 10 percent. We also distinguish the effect of perceived transitory and permanent wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year’s time, and those who don’t. In line with the predictions of standard models of intertemporal choice, we find that the latter group adjusted much more than the former its spending in response to financial wealth shocks
Household debt and social interactions : [Version 1 März 2012]
No full textDebt-induced crises, including the subprime, are usually attributed exclusively to supply-side factors. We examine the role of social influences on debt culture, emanating from perceived average income of peers. Utilizing unique information from a household survey representative of the Dutch population, that circumvents the issue of defining the social circle, we consider collateralized, consumer, and informal loans. We find robust social effects on borrowing, especially among those who consider themselves poorer than their peers; and on indebtedness, suggesting a link to financial distress. We employ a number of approaches to rule out spurious associations and to handle correlated effects
