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Chinese New Year: How People Spend Their Money

February 20th, 2015
in News, econ_news, syndication

from Felix Richter, Statista.com
by Niall McCarthy

Asia's biggest party is kicking off today.  China's new year celebrations are a huge event but what do people spend their money on?

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UK Universities Find a Cash Cow in the Financial Fall-Out

February 19th, 2015
in econ_news

by Andreas Kyprianou, The Conversation

The past three decades have seen an unprecedented explosion of activity in a new sub-discipline of mathematics: financial mathematics. The emergence of this field has parallelled the expansion of the quantitative financial services industry, the arm of banking that uses mathematical models to value, regulate and contrive trading strategies for complex financial derivatives such as options and futures. And it has transformed the role that university mathematics departments now play in feeding the financial services industry with its students.

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The Countries Where Kids Do The Most Homework

February 19th, 2015
in News, econ_news, syndication

from Felix Richter, Statista.com
by Niall McCarthy

Does your kid complain about endless hours of homework?

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Latest Headlines: French Deflation, War on Greek Oligarchs, Lower Growth for Mexico and More

February 19th, 2015
in News, econ_news, syndication

Early Bird Headlines 19 February 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

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Looking At Student Loan Defaults Through A Larger Window

February 19th, 2015
in econ_news

by Meta Brown, Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw - Liberty Street Economics, Federal Reserve Bank of New York

[second of a 3 part series] Most of our previous discussion about high levels of student loan delinquency and default has used static measures of payment status. But it is also instructive to consider the experience of borrowers over the lifetime of their student loans rather than at a point in time. In this second post in our three-part series on student loans, we use the Consumer Credit Panel (CCP), which is itself based on Equifax credit data, to create cohort default rates (CDRs) that are analogous to those produced by the Department of Education but go beyond their three-year window. We find that default rates continue to grow after three years and that performance by cohort worsened in the years leading up to the Great Recession.

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