infonet-economy

Modelling Lorenz curves (LC) for stochastic dominance comparisons is central to the analysis of income distribution. It is conventional to use non-parametric statistics based on empirical income cumulants which are in the construction of LC and other related second-order dominance criteria. However, although attractive because of its simplicity and its apparent flexibility, this...

Bericht der Arbeitsgruppe Corporate Governance - Der vorliegende Bericht basiert auf einer fundierten Analyse aller Organisationen und Unternehmen im öffentlichen Sektor des Landes Liechtenstein, welche im Sinne der OECD Guidelines als State-Owned Enterprises (SOE's) qualifiziert werden können. Dies sind konkret Organisationen und Unternehmen, welche das Land vollständig oder...

Der vorliegende Bericht basiert auf einer fundierten Analyse aller Organisationen und Unternehmen im öffentlichen Sektor des Landes Liechtenstein, welche im Sinne der OECD Guidelines als State-Owned Enterprises (SOE's) qualifiziert werden können. Dies sind konkret Organisationen und Unternehmen, welche das Land vollständig oder mehrheitlich beherrscht, sei dies durch...

The risk management of non-maturing account positions in a bank's balance like savings deposits or certain types of loans is complicated by the embedded options that clients may exercise. In addition to the usual interest rate risk, there is also uncertainty in the timing and amount of future cash flows. Since the corresponding volume risk cannot directly be hedged, the account...

Child-care subsidies are meant to facilitate work for mothers with small children. The paper demonstrates that the predominant current income-dependent subsidy scheme in Switzerland (which is currently also discussed in Germany) creates strong negative work incentives especially for well qualified women. The example of the city of Zurich shows that it does not pay off for mothers to...

Surveys are often design so that initial non-respondents to some continuous amount can disclose partial information with follow-up questions. These questions are often based on prompting responses with a sequence of bids that classify the undisclosed amount within a category. Secondary variables may reduce the problem of nonresponse but are unlikely to eliminate the problem...

http://www.manuel-ammann.com/pdf/PubsAmmann2007UBSWealthManagementEnglis...

Hintergrundpapier zu den Teilen 1, 2 und 7 des Jahresberichts 2007 der Kommission für Konjunkturfragen 2007 - At the end of 2007, the Swiss ‘Kommission für Konjunkturfragen' (Economic Advisory Board of the Swiss Government) founded in 1932 will be dissolved. Thus, there is no longer an independent committee to comment - quasi officially - Swiss economic policy. In this paper a...