Climbing career steps: becoming a full professor of economics

Article Abstract:

A constant exponential model is used to asses the transition risk of becoming a full professor of economics in Sweden. The analysis is done by applying event history models in an economic setting and using a continuous-time model that explains a state space and the set of feasible transitions between states. Results revealed that risk decreases with with age when defending a doctoral theses and increases with the choice of topic. Topic is a critical factor that should consider current popularity and expanding internationally.

EDUCATIONAL SERVICES, Education, Career Planning, Sweden, College teachers, College faculty, Study and teaching, Career development

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The cost of life expectancy and the implicit social valuation of life

Article Abstract:

A study was conducted to characterize a novel way of estimating the economic value of life. The method utilizes cross-country data to represent life expectancy as a function of real consumption of goods and services. The cost function of life expectancy based on the prices of specific goods and services was utilized to determine the cost of reduction in age-specific mortality rates designed to save the life of one person.

Social aspects, Consumption (Economics), Life expectancy

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Black, Merton and Scholes - their central contributions to economics

Article Abstract:

Black, Merton and Scholes central contribution to the field of economics comes in the form of a formula for valuing option prices that has paved the way for more effective options pricing. The formula is now being used for planning, purchasing, pricing and accounting as well as for valuing executive stock option plans, real production options, warrants, convertibles, securities, debt among others.

Methods, Analysis, Stock options, Works, Economists, Value (Economics)

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