InstEAD Co-Director Professor Sarah Brown gave a research seminar at Nottingham Trent University on 5 December, 2018 on ‘Portfolio Allocation, Income Uncertainty and Households’ Flight from Risk’.
The abstract from the paper is below:
Analysing the US Survey of Consumer Finances and US Panel Study of Income Dynamics, we propose a deflated fractional ordered probit model to investigate the extent to which households reduce their financial risk exposure when confronted with background risk. Background risk exerts a significant impact on household portfolios, resulting in a ‘flight to safety’ away from riskier to safer assets. Our novel modelling approach quantifies how the overall asset composition in a portfolio adjusts with background risk, and is unique in recovering for, any given risky asset class, the shares that are re-allocated to a safer asset.
Download the paper ‘Portfolio Allocation, Income Uncertainty and Households’ Flight from Risk’
InstEAD Co-Director Jennifer Roberts gave a seminar at the Faculty of Business and Economics, Monash University, Australia on 24th October, 2018. They presented on “Social Media Use and Young People’s Wellbeing”.
The same research was also presented by Philip Powell at the International Society for Quality of Life Research 2018 25th Annual Conference, Dublin, Ireland, 24 – 27 October, 2018.
Download the working paper ‘Social Media Use and Young People’s Wellbeing’
InstEAD research affiliate Dr Emily McDool presented her work at two international conferences this autumn.
The first on “Neighbourhood Effects on Educational Attainment: Does Family Background Influence the Relationship?” at the European Association of Labour Economists (EALE) Conference, Lyon, France, 13 – 15 September, 2018.
Download the working paper ‘Neighbourhood Effects on Educational Attainment: Does Family Background Influence the Relationship?
The second on “Class Setting and Children’s Non-Cognitive Outcomes” at the International Conference on Education Economics, Budapest, Hungary, 21 – 23 November, 2018.
Download the working paper ‘Class Setting and Children’s Non-Cognitive Outcomes’
Professor Alberto Montagnoli presented a new research paper with the title Credit Supply Shocks and Household Leverage: Evidence from the US Bank Deregulation, co-authored with Professor Sarah Brown and Dr Dan Gray at the European Economics Association (EEA) Annual Congress in Cologne on the 29 August 2018.
Research paper abstract
Professor Jennifer Roberts has been awarded a Leverhulme Trust International Academic Fellowship for the project ‘Commuting as an economic behaviour in the US and the UK’. This research, is joint with Dr David Cuberes of Clark University (Massachusetts, USA) and combines urban economic theory with applied microeconometrics to improve our understanding of commuting and household location choices. Jennifer is currently in Massachuesetts, USA and will return to Sheffield in January 2019.
Furthermore, Professor Roberts has also joined the Leverhulme Trust Research Awards Advisory Committee. The Leverhulme Trust is one of the largest all-subject providers of research funding in the UK, distributing approximately £80m a year.