Seminar by – Alok Kumar, Department of Economics,University of Victoria, British Columbia, 3rd August, 2017 (Thursday) at 3:00 PM

  Earning Risks, Parental Schooling Investment, And Old-Age Income Support From Children by Alok Kumar Department of Economics, University of Victoria, British Columbia On 3rd August, 2017 (Thursday) at 3:00 PM Venue : Seminar Room (First Floor) Department of Economics, Delhi School of Economics All are cordially invited Abstract Old-age income support is an important motive for parents to invest in  schooling  of their children in developing countries.  At the time parents choose schooling (human capital) investment for their children, both  parental future income and  return from schooling  are uncertain. This paper analyzes  effects of parental income risk and human capital

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Seminar by – Anusar Farooqui, Indian Institute of Management—Udaipur; McGill University, Columbia University, 25th July, 2017 (Tuesday) at 3:00 PM

  The Risk Premium on Balance Sheet Capacity by Anusar Farooqui  Indian Institute of Management Udaipur; McGill University; Columbia University On 25th July, 2017 (Tuesday) at 3:00 PM Venue : Seminar Room (First Floor) Department of Economics, Delhi School of Economics All are cordially invited Abstract We show that exposure to shocks to the balance sheet capacity of US securities broker-dealers carries a significant risk premium. We construct a novel measure of dealer risk appetite and show that it is priced in the cross-section of expected stock excess returns; even after controlling for benchmark risk factors (MKT, SMB, HML, RMW, CMA,

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