Publications des institutions partenaires
Weshalb die Schweiz nach Honig schmeckt
Sauberes Wasser, Sicherheit, gute Schulen - den wichtigsten Pfeiler der Sozial- und Familienpolitik nehmen wir gar nicht richtig wahr.
Institution partenaire
Deutsch / 06/09/2015
Electricity Derivatives Pricing with Forward-Looking Information
In order to increase overall transparency on key operational information, power transmission system operators publish an increasing amount of fundamental data, including forecasts of electricity demand and available capacity. We employ a fundamental model for electricity prices which lends itself well to integrating such forecasts, while retaining ease of implementation and...
Institution partenaire
English / 01/09/2015
Vom Elfenbeinturm in dIe Öffentlichkeit - und wieder zurück
Weshalb gelingt es der Ökonomie nicht, die eigenen Ansprüche an die Forschung und die Forderungen der Gesellschaft nach verständlichen Erkenntnissen in Einklang zu bringen? Wäre denn ein Abschied vom Elfenbeinturm angezeigt? Die Antwort sei hier bereits verraten: Nein. Aber: Universitäten und Nachfrager nach ökonomischem Wissen sollten Modelle finden, die den Wissenschaftlern...
Institution partenaire
Deutsch / 23/07/2015
Wie sozial ist Sozialpolitik?
Die staatlichen Leistungen sollen den Richtigen zugute kommen. Doch wie treffsicher sind diese in einem komplexen System zu erreichen? Überlegungen zur Zielgenauigkeit der Sozialpolitik.
Institution partenaire
Deutsch / 01/07/2015
Sharp IV Bounds on Average Treatment Effects on the Treated and Other Populations Under Endogeneity and Noncompliance
In the presence of an endogenous binary treatment and a valid binary instrument, causal effects are point identified only for the subpopulation of compliers, given that the treatment is monotone in the instrument. With the exception of the entire population, causal inference for further subpopulations has been widely ignored in econometrics. We invoke treatment monotonicity and/or...
Institution partenaire
English / 15/06/2015
Testing instrument validity for LATE identification based on inequality moment constraints
This paper proposes bootstrap tests for the validity of instrumental variables (IV) in just identified treatment effect models with endogeneity. We demonstrate that the IV assumptions required for the identification of the local average treatment effect (LATE) allow us to both point identify and bound the mean potential outcomes (i) of the always takers (those treated irrespective...
Institution partenaire
English / 01/05/2015
Do Long-term Unemployed Workers Benefit from Targeted Wage Subsidies?
We evaluate a wage subsidy program that is targeted at long-term unemployed
workers in Germany. We use an alternative identification procedure compared to
empirical studies conducted so far. Exploiting the particular program regulations and
large administrative data we estimate the impact of program availability using a regression discontinuity framework. Our...
Institution partenaire
English / 01/02/2015
Die Reform der Altersvorsorge als Schuldenbremse
Bundesrat Berset hat es in der ersten Version seiner Reform der Altersvorsorge versäumt, Automatismen einzubauen: eine Anpassung der flexiblen Spanne des Rentenalters an die Lebenserwartung und des Umwandlungssatzes an Zinsumfeld und demografische Parameter.
Institution partenaire
Deutsch / 21/01/2015
Agglomeration Theory with Heterogeneous Agents
This chapter surveys recent developments in agglomeration theory within a unifying framework. We highlight how locational fundamentals, agglomeration economies, the spatial sorting of heterogeneous agents, and selection effects affect the size, productivity, composition, and inequality of cities, as well as their size distribution in the urban system.
Institution partenaire
English / 01/01/2015
Essays on location choice: agglomeration, amenities and housing
Why do people live where they live and what are the consequences of these decisions? People and firms allocate themselves unevenly across space. In spite of large costs incurred when living in metropolitan areas, economic agents remain extremely concentrated in a finite number of cities. This thesis explores several factors that may influence these location decisions and their effect...
Institution partenaire
English / 01/01/2015
Trade and frictional unemployment in the global economy
We develop a multi-country, multi-sector trade model with labor market frictions and equilibrium unemployment. Trade opening leads to a reduction in unemployment if it raises real wages and reallocates labor towards sectors with lower-than-average labor market frictions. We estimate sector-specific labor market frictions and trade elasticities using employment data from 25 OECD...
Institution partenaire
Français / 01/01/2015
Measurement and effects of home care policy on health care use
This dissertation focuses on the measurement of regional home care policy and its effects on health care utilization. It brings three main contributions. First, it provides causal evidence on the effects of home care policy generosity on hospitalizations, doctor visits, and nursing home use. Variations in generosity across the Swiss cantons and over time are used to identify the...
Institution partenaire
English / 01/01/2015
Public Policies for Well-being with Justice: A Theoretical Discussion based on Capabilities and Opportunities
This article presents a theoretical framework that combines virtues and strengths of the Capability Approach (CA) and Equality of Opportunity (EOp) approach for analyzing public policies that aim to improve individual wellbeing and social justice. We show that neither approach is sufficient on its own for this goal. It is particularly useful to combine the two approaches because the...
Institution partenaire
English / 01/01/2015
Structured Debt Ratings: Evidence on Conflicts of Interest
We test if issuers of asset- and mortgage-backed securities receive rating favors from agencies with which they maintain strong business relationships. Controlling for issuer fixed effects and a large set of credit risk determinants, we show that agencies publish better ratings for those issuers that provide them with more bilateral securitization business. Such rating favors are...
Institution partenaire
Français / 01/01/2015
The Sources of Risk Spillovers Among U.S. REITs : Financial Characteristics and Regional Proximity
In this paper, we estimate the risk spillovers among 74 U.S. REITs using the statedependent sensitivity value-at-risk (SDSVaR) approach. This methodology allows for the quantification of the spillover size as a function of a company's financial condition (tranquil, normal, and volatile REIT prices). We show that the size of risk spillovers is more than twice as large when REITs...
Institution partenaire
English / 01/01/2015
Treatment effects and panel data
It is a major achievement of the econometric treatment effect literature to clarify under which conditions causal effects are non-parametrically identified. The first part of this chapter focuses on the static treatment model. In this part, I show how panel data can be used to improve the credibility of matching and instrumental variable estimators. In practice, these gains come...
Institution partenaire
English / 01/01/2015
Electricity Market Coupling in Europe: Status Quo and Future Challenges
In electricity markets globally, market participants and policymakers increasingly focus on integrating adjacent, yet separate market areas via cross-border trade in electricity. Based on a discussion of the institutional framework for organizing cross-border trade, this paper analyzes how spot and futures prices for wholesale electricity are affected by different degrees of market...
Institution partenaire
English / 01/01/2015
La migration améliore les perspectives d’emplois pour les Suisses
La migration est la dimension négligée de la mondialisation, assure Tobias Müller. Le professeur d’économie à l’Université de Genève plaide pour des mesures actives d’insertion.
Institution partenaire
Français / 01/01/2015
From "The Geneva Papers on Risk and Insurance" to "The Geneva Risk and Insurance Review"
Institution partenaire
English / 01/01/2015
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