Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs). Key contributions are the use of a unique data set of SME lending by over 400 German banks and relating systematic risk to the size dependence of regulatory capital requirements. What sets our sample apart is its comprehensive coverage of the particularly rich and well developed ...

Students are often assigned to instructors by student schedule or request. We present findings that assigning students based on learning style similarity can improve learning. assume teach consistent with their style, and use the Felder Silverman Index of Learning Styles (ILS) describe as a vector in R4. examine effect grade difference function “distance” between . X2 tests show (N=300) who wer...

Crime has high social costs. The criminal justice system is costly, imprisonments have negative effects on labor force participation, and the pain for victims is significant for most types of crime. Criminal behavior is related to marginal costs and marginal utility that go beyond deterrence and punishment. Economic theory suggests that some policies, for example improved labor market opportuni...

This paper uses insights from behavioral economics to explain a particularly surprising borrowing phenomenon: One in six undergraduate students offered interest-free loans turn them down. Models of impulse control predict that students may optimally reject subsidized loans to avoid excessive consumption during school. Using the National Postsecondary Student Aid Study (NPSAS), we investigate st...

Corrected authors’ contributions MN made substantial contributions to conception and design, acquisition of data, analysis and interpretation of data, and drafted the manuscript. DA made substantial contributions to conception and design, acquisition of data, analysis and interpretation of data. MC made substantial contributions to the inception of the study, revision of the manuscript, and is ...

This paper develops a simple time-allocation model to examine the relationship between college tuition and students’ performance at college studies. We find that an increase in tuition lowers performance. Further, it is found that an increase in the wage rate lowers performance (since it results in an increase in the hours spent working). Our model thus (indirectly) provides theoretical support...

The conclusions of a recent research project on the impacts of full-spectrum light on student performance and health prompted us to investigate the performance of students attending three daylit schools that were designed by our firm. The 1992 "Study into the Effects of Light on Children of Elementary School Age: A Case of Daylight Robbery" was conducted in Alberta, Canada by the Policy and Pla...

What kinds of policies can governments adopt to attract, retain, motivate and develop qualified teachers in elementary and secondary schools? The project will pursue two avenues to address this question. The first component will study the effect of recent reforms on the teaching profession in four countries. Some of these reforms involve increases in compensation linked to specific teacher beha...

This paper describes a new student model technology that combines evidences and knowledge about pedagogical and domain structure. Its structure is generated from the metadata available in the content representation of the adaptive webbased learning platform ActiveMath (or other contents). The evidences are processed with Item Response Theory and Transferable Belief Model uncertainty methodologi...