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Bank risk preferences on the government-insured mortgage market
Ch. 8. P. 71–90.
Lozinskaia A. M., Ozhegov E. M.
The paper presents the structural model of decision-making process on the residential mortgage market. We empirically estimates key drivers of mortgage borrowing, underwriting, and default process by jointly using market-level monthly data and loan-level data from regional branch of Agency of Home Mortgage Lending (AHML). The multistep estimation procedure allows correcting for sample selection bias and endogeneity and provides consistent parameter estimates. Obtained results shows that risk preferences are changing during the time and AHML borrowers are relatively high risky.
Deeva A., Applied Econometrics 2025 No. 4(80) P. 47–67
This paper investigates the influence of Body-Mass-Index (BMI) on the earnings of men and women. The aim is to identify weight — wage discrimination in the Russian labour market, which results in overweight and obese people earning significantly less than normal weight workers. The study is conducted using a panel dataset from the Russian Longitudinal ...
Added: October 2, 2025
Deeva A., Вопросы статистики 2025 Т. 32 № 1 С. 51–63
This paper examines the impact of Body Mass Index (BMI) on individual earnings. The study aims to determine whether there is weight–wage discrimination against individuals with higher BMI levels in the Russian labor market, resulting in lower wages, all other things being equal.
The distinctive feature of this study is that the author analyzed the ...
Added: April 7, 2025
Sofiia Dolgikh, Potanin B., Journal of Economic Studies 2026 Vol. 53 No. 1 P. 107–122
The purpose of this study is to empirically investigate gender differences in the returns to different levels of education and studying in STEM fields in Mexico. Specifically, we estimate the effects of education on employment and income. We use data about more than 4.5 m individuals in the year 2020 in Mexico to estimate the average ...
Added: January 31, 2025
Gergenreter A., Kossova E. V., Potanin B., Прикладная эконометрика 2024 Т. 76 № 4 С. 96–119
The research focuses on the investigation of birth cohort effects in post-month consumption of alcohol, cigarettes and marijuana. The authors utilize hierarchical and non-hierarchical multivariate probit models to examine the relationship between the consumption of addictive goods, taking into account the endogeneity of subjective health evaluation. Based on the US National Survey on Drug Use and Health from 2002 ...
Added: December 4, 2024
Lukinskiy V., Lukinsky V., Bazhina D. et al., , in: Selected Papers from the 23rd International Multidisciplinary Conference on Reliability and Statistics in Transportation and Communication: Digital Twins - From Development to Application, RelStat-2023, October 19-21, 2023, Riga, Latvia. Reliability and Statistics in Transportation and Communication, LNNS, volume 913Vol. 913.: Cham: Springer, 2024. P. 269–277.
Inventory management in supply chains with independent demand has received considerable attention over the past decades. It should be also emphasized that significant progress has been reached in the algorithms development for inventory management under dependent demand, in particular, based on the concept of Material Requirement Planning (MRP) and its modifications. Despite the progress achieved ...
Added: April 1, 2024
Dolgikh S., Potanin B., Проблемы прогнозирования 2023 № 3 С. 146–157
The study is devoted to the analysis of dividend policy of Russian firms. This policy is considered as a two-step process. First, firm makes a decision whether to pay dividends. Second, it decides how much to pay. To estimate the influence of various factors on these decisions we have proposed a two-step estimation procedure that ...
Added: January 11, 2023
Dolgikh S., Potanin B., Прикладная эконометрика 2022 Т. 68 С. 117–139
We estimate the effect of higher education on abortion probability in Russia via hierarchical (recursive) probit model with nonrandom selection. To check the robustness of the results modifications of this model accounting for heteroscedasticity and non-normality of random errors are also applied. We have found statistical evidence that higher education decrease abortion probability. Furthermore, the ...
Added: December 5, 2022
Pomazanov M. V., , in: The 8th International Conference on Information Technology and Quantitative Management (ITQM 2020 & 2021): Developing Global Digital Economy after COVID-19Vol. 199: The 8th International Conference on Information Technology and Quantitative Management (ITQM 2020 & 2021): Developing Global Digital Economy after COVID-19.: Manchester: Elsevier, 2022. P. 798–805.
The article considers the issue of quantifying the quality of discrimination (approval) in the retail portfolio segments based on current statistical data on the level of refuse of customers who applied to the bank, the current level of defaults and market data (credit history bureaus). The analysis of the economic efficiency of the practiced level ...
Added: November 18, 2022
Kossova E. V., Potanin B., Прикладная эконометрика 2022 № 3(67) С. 121–143
We propose a two-step estimation procedure for multinomial endogenous switching model assuming joint normality of random errors. Simulated data analysis suggests that our method outperforms popular alternatives when independence of irrelevant alternatives (IIA) assumption is violated. We also apply our method to estimate marriage male premium. We have found statistical evidence that this premium is ...
Added: October 5, 2022
Bryukhanov M., Fedotenkov I., Journal of Contemporary Religion 2021 P. 1–23
Does religiosity make people happy? Many studies document positive associations between religiosity and various forms of subjective well-being. This holds true for general life satisfaction as well, both under normal economic conditions and in the case of economic shocks. However, both life satisfaction and religiosity may be correlated with unobserved individual and household traits or ...
Added: September 30, 2021
Potanin B., Trifonov Y., Прикладная эконометрика 2021 Т. 63 С. 76–90
This study applies various modifications of the GARCH-M process to model oil prices considering both the expectations of the investors and the risk premium. Futures contracts prices and volatility are used as a proxy for investors’ expectations and risk premium correspondingly. The advantage of the proposed approach is that the risk premium is modeled without ...
Added: September 22, 2021
Seleznyova Z., Евдокимова М. С., Финансы: теория и практика 2022 Т. 26 № 3 С. 64–84
Endogeneity can cause a significant bias of the coefficient estimation, up to the change in sign. It leads to controversial research results, which also makes it difficult to adequately test individual hypotheses and theories in corporate finance (CF). For practitioners, such as company valuation consultants, these model problems interrupt to obtaining the most reliable estimates ...
Added: July 31, 2021
Shcherbakova A., Россия в глобальной политике 2021 Т. 19 № 1 (107) С. 243–253
The article examines the most important crisis in the history of Argentina. ...
Added: January 11, 2021
Kostov P., Davidova S., Bailey A. et al., Journal of Agricultural Economics 2020
We investigate the impact of direct payments on agricultural commercialisation in Kosovo. Kosovo is one of the poorest countries in Europe but, with European assistance, provides substantial funds to support agriculture, made up of many small and often semi‐subsistence farms. Thus, the effect of this support is a central policy issue. Identifying the effect of ...
Added: October 26, 2020
Mariya T., Финансы и бизнес 2021 Т. 17 № 1 С. 52–76
Nowadays there are few researches which investigate the pricing methods for structured products which depend on several underlying assets and no researches devoted to this topic in the case of Russian market. The aim of this article is to estimate fair value of first-to-default structured notes based on Russian issuers CDS and to conclude is ...
Added: October 20, 2020
Kossova E. V., Potanin B., Sheluntcova M., Journal of Economic Studies 2020 Vol. 47 No. 7 P. 1649–1667
Purpose: Purpose of the article is to investigate the effect of marriage on male wages in Russia. The paper provides insight about contribution of observed and unobserved factors to wages of Russian men regarding their marital status. Design/methodology/approach: Database is the Russian Longitudinal Monitoring Survey (RLMS) for 2016. We add to the literature by introducing ...
Added: June 22, 2020
Kossova E. V., Куприянова Л. А., Potanin B., Прикладная эконометрика 2020 Т. 57 С. 119–139
В статье рассматриваются параметрические и полупараметрические методы коррекции смещения отбора и проводится их сопоставление в случае двумерного механизма отбора наблюдений. Сравнение осуществляется на симулированных данных. Исследуется точность оценок параметрических и полупараметрических методов при распределениях случайных ошибок, существенно отличающихся от нормального несимметричностью, наличием «тяжелых хвостов» или бимодальностью. Делается вывод о высокой точности параметрических методов даже при ...
Added: March 19, 2020
Ozhegov E. M., Ozhegova A., Journal of Forecasting 2019 Vol. 39 No. 3 P. 489–500
In this research we analyze a new approach for prediction of demand. In the studied market of performing arts the observed demand is limited by capacity of the house. Then one needs to account for demand censorship to obtain unbiased estimates of demand function parameters. The presence of consumer segments with different purposes of going ...
Added: November 24, 2019
Kopytok V., Ratnikova T. A., Прикладная эконометрика 2019 Т. 55 С. 51–72
This paper studies the effects of compulsory military service in the Russian army on subsequent income and wages of conscripts. Russia Longitudinal Monitoring survey, RLMS-HSE, is used. It allows to estimate the effects of compulsory military service in the army in peacetime. In order to identify the causal relationship, a kink in the profile of ...
Added: November 1, 2019