Publications des institutions partenaires

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Heterogeneity and international economics

In the first chapter of this chapter we explore the heterogeneity in returns to export promotion across countries using a semi-parametric varying coefficient model. In the second chapter we evaluate the impact of terrorist attacks on economic growth while taking into account the mitigating effect of counter-terrorism through a set of strategies and policies deemed to influence the...

Institution partenaire

Université de Genève

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English / 01/01/2018

Are Correlations Constant? Empirical and Theoretical Results on Popular Correlation Models in Finance

Multivariate GARCH models have been designed as an extension of their univariate counterparts. Such a view is appealing from a modeling perspective but imposes correlation dynamics that are similar to time-varying volatility. In this paper, we argue that correlations are quite different in nature. We demonstrate that the highly unstable and erratic behavior that is typically observed...

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English / 01/11/2017

Shirk or Work? On How Legislators React to Monitoring

In 2014 the Swiss Upper House introduced an electronic voting system, which would make it easier to monitor the voting behavior of its legislators. In this system, individual decisions on specific exogenously defined vote types are published automatically, while all other votes are not publicly disclosed. The present paper uses this institutional change to determine, in a quasi-...

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English / 01/11/2017

Something in the Air: Information Density, News Surprises, and Price Jumps

This paper introduces a new information density indicator to provide a more comprehensive understanding of price reactions to news and, more specifically, to the sources of jumps in financial markets. Our information density indicator, which measures the abnormal amount of noisy "ticker" news before scheduled macroeconomic announcements, is significantly related to the...

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English / 20/09/2017

Do Local Governments Tax Homeowner Communities Differently?

This paper investigates whether and how strongly the share of homeowners in a community affects residential property taxation by local governments. Different from renters, homeowners bear the full property tax burden irrespective of local market conditions, and the tax is more salient to them. "Homeowner communities" may hence oppose high property taxes in order to protect...

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English / 01/09/2017

Numeracy and the quality of on-the-job decisions: Evidence from loan officers

We examine how the numeracy level of employees influences the quality of their on-the-job decisions. Based on an administrative dataset of a retail bank we relate the performance of loan officers in a standardized math test to the accuracy of their credit assessments of small business borrowers. We find that loan officers with a high level of numeracy are more accurate in assessing...

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English / 01/07/2017

Externer Verwaltungsrat - Mehrwert für ein familiengeführtes KMU

Ein externer Verwaltungsrat (VR) kann familiengeführten KMU als Sparringpartner dienen, eine Aussensicht einbringen und dadurch die Betriebsblindheit reduzieren. Zudem wird an Themen gearbeitet, welche die Zukunft der Firma betreffen. Neben den grossen Chancen gibt es jedoch einige Voraussetzungen, damit ein externer VR in KMU auch seine Schlagkraft entfalten kann.

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Deutsch / 30/05/2017

Schweizer KMU. Eine Analyse der aktuellsten Zahlen – Ausgabe 2017

Nicht grosse Unternehmen ab 250 Mitarbeitenden dominieren die Schweizer Unternehmenslandschaft, sondern sogenannte Klein- und Mittelunternehmen (KMU): 99.8% der Unternehmen in der Schweiz gelten gemäss den neusten provisorischen Zahlen des Bundesamtes für Statistik als KMU. Dabei sind die Kleinst- oder Mikrounternehmen mit weniger als zehn Mitarbeitenden mit 92.4% der Unternehmen die...

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Deutsch / 12/04/2017

Best Land Use with Negative Externalities: Determining Land Values from Residential Rents

When land regulations are binding, then the land price per m2 is determined by the attractiveness of the location and the restrictiveness of the regulation. In the case of a maximum oor area ratio (FARmax) restriction, the best use land price can be directly expressed as a function of the FARmax and local amenities. We show theoretically and empirically how this approach can be used...

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English / 01/04/2017

Culture and Financial Literacy

We study the effect of culture on financial literacy by comparing secondary-school students along the German-French language border within Switzerland. We find that students in the Frenchspeaking
area have a lower level of financial literacy than students in the German-speaking area. The difference in financial literacy across the language groups is mainly observed for native...

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English / 03/02/2017

Explaining the phenomenon of waste allocation among waste treatment operations: case studies, concepts & methods

Cette thèse aborde principalement le phénomène de l'allocation des déchets entre filières de traitement des déchets. Les connaissances obtenues d'une étude de cas exploratoire sur la gestion du déchet de bois en Suisse et d'une revue de la littérature scientifique ont conduit à développer la méthode analytique du processus d'allocation des déchets. Cette méthode...

Institution partenaire

Université de Genève

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English / 01/01/2017

Es lohnt sich, im Alter den Anschluss nicht zu verlieren

Man kann auch mit über fünfzig Jahren Violine spielen lernen - ein
privater Versuch mit politisch bedeutsamen Erkenntnissen

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/ 01/12/2016

Why does the Job Corps increase gender earnings inequality?

Several studies considering the Job Corps find more positive earnings effects for males than for females. This effect heterogeneity in favor of males contrasts with the results of the majority of other training program evaluations. Applying the translated quantile approach of Bitler, Hoynes, and Domina (2014), I show that the main mechanism behind the surprising findings for the Job...

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English / 30/11/2016

Anstellung einer Haushalthilfe als politischer Selbstversuch

Wer den Inländervorrang in der scharfen Variante fordert, hat noch nie eine Mitarbeiterin über die Arbeitsvermittlung gesucht.

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/ 01/11/2016

What effect do vocational training vouchers have on the unemployed?

The objective of providing vocational training for the unemployed is to increase their chances of re-employment and human capital accumulation. In comparison to mandatory course assignment by case workers, the awarding of vouchers increases recipients’ freedom to choose between different courses and makes non-redemption a possibility. In addition, vouchers may introduce market...

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English / 01/11/2016

Banken entdecken ihr Herz für Familien

Beim Kauf von Wohneigentum gilt allerdings auch in Zeiten tiefer Zinsen vor allem diese Regel: Drum prüfe, wer sich ewig bindet.

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/ 01/10/2016

Und wer muss am Ende dafür bezahlen? Die Jugend

Die Wahl einer hohen Franchise bei der Krankenkasse ist nicht
Ausdruck von Entsolidarisierung. Das Gegenteil ist richtig.

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/ 01/10/2016

Wenn das Sparsäuli der Enkel die Rente sichert

Wer hat am meisten von der AHV? Die Babyboomer? Oder eher deren
Eltern? Klar ist nur, wer weniger haben wird: Die Jugend von heute

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/ 01/09/2016

The Earned Income Tax Credit:Targeting the Poor but Crowding Out Wealth

In this paper, we quantify the effects of the Earned Income Tax Credit (EITC) from a macroeconomic perspective. We analyze jointly the labor supply and saving responses to changes in tax credit generosity and their aggregate and distributional implications. Our results show that the EITC raises labor force participation, provides insurance to working poor households but also...

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English / 01/09/2016

Communal Land and Agricultural Productivity

Communal land tenure is a typical feature of many developing countries. Such tenure regimes implement a “use it or lose it” principle by imposing restrictions to land transferability that are enforced via the threat of expropriation. This paper measures the distortionary impact of communal land in a dynamic general equilibrium model of occupational selection, calibrated to Ethiopia....

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English / 01/09/2016

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