Publications des institutions partenaires
A Joint Valuation of Premium Payment and Surrender Options in Participating Life Insurance Contracts
Institution partenaire
English / 21/06/2011
The Impact of Introducing Insurance Guaranty Schemes on Pricing and Capital Structure
Institution partenaire
English / 20/06/2011
Integrating Safety and Crew Resource Management (CRM) Aspects in the Recurrent Training of Cabin Crew Members
Recurrent training of cabin crew should include theoretical and practical instruction on safety as well as crew resource management (CRM) issues. The endeavors of Swiss International Air Lines Ltd. and Swiss Aviation Training Ltd. to integrate CRM and safety aspects into a single training module were evaluated. The objective of the integration was to make CRM more tangible and ease...
Institution partenaire
English / 09/06/2011
Aging and the Financing of Social Security in Switzerland
Demographic projections forecast a doubling of the dependency ratio until 2050 as well as an increase of 10% in population due to longer life expectancy in Switzerland. To quantify the effects on social security and public finances, we use a computational overlapping generations model with five margins of labor supply: labor market participation, hours worked, job search, retirement...
Institution partenaire
English / 02/06/2011
Does Leaving Welfare Improve Health? : Evidence for Germany
Using exceptionally rich linked administrative and survey information on German welfare recipients we investigate the health effects of transitions from welfare to employment and of assignments to welfare-to-work programmes. Applying semi-parametric propensity score matching estimators we find that employment substantially increases (mental) health. The positive effects are mainly...
Institution partenaire
English / 01/06/2011
Inflation Risk Premia and Survey Evidence on Macroeconomic Uncertainty
The difference between nominal and real interest rates (break-even inflation) is often used to gauge the market's inflation expectations-and has become an important tool in monetary policy analysis. However, break-even inflation can move in response to shifts in inflation risk premia and liquidity premia as well as to changes in expected inflation. This paper sheds light on this...
Institution partenaire
English / 01/06/2011
Affective Commitment and Job Satisfaction Among Non-family Employees : Investigating the Roles of Justice Perceptions and Psychological Ownership
Due to numerous characteristics often attributed to family firms, they constitute a unique context for non-family employees' justice perceptions. These are linked to non-family employees' pro-organizational attitudes and behaviors, which are essential for family firms' success. Even though scholarly interest in non-family employees' justice perceptions has...
Institution partenaire
English / 01/06/2011
To centralize or not to centralize?
The CEO's dilemma-were the gains of centralization worth the pain it could cause?-is a perennial one. Business leaders dating back at least to Alfred Sloan, who laid out GM's influential philosophy of decentralization in a series of memos during the 1920s, have recognized that badly judged centralization can stifle initiative, constrain the ability to tailor products and...
Institution partenaire
English / 01/06/2011
Life-Cycle Unemployment, Retirement, and Parametric Pension Reform
This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i) improving actuarial fairness in pension assessment not only boosts old age participation but also reduces unemployment among prime age workers and raises welfare; (ii) strengthening the tax benefit link boosts life-cycle labor supply on all margins and welfare; (iii...
Institution partenaire
English / 16/05/2011
German Real Estate Return Distributions : Is There Anything Normal?
This paper uses a sample of German commercial and residential property returns to estimate parameters for stable distribution functions. A quantile-based estimation methodology is used to examine distributions of income, capital growth, and total returns. There are controls for the effects of property characteristics and for possible differences between appraisal-based and...
Institution partenaire
English / 01/05/2011
The Predictive Power of Anisotropic Spatial Correlation Modeling in Housing Prices
This paper develops a method to capture anisotropic spatial autocorrelation in the context of the simultaneous autoregressive model. Standard isotropic models assume that spatial correlation is a homogeneous function of distance. This assumption, however, is oversimplified if spatial dependence changes with direction. We thus propose a local anisotropic approach based on non-linear...
Institution partenaire
English / 01/05/2011
Testing for covariate balance using quantile regression and resampling methods
Consistency of propensity score matching estimators hinges on the propensity score's ability to balance the distributions of covariates in the pools of treated and nontreated units. Conventional balance tests merely check for differences in covariates' means, but cannot account for differences in higher moments. For this reason, this paper proposes balance tests which test...
Institution partenaire
English / 21/04/2011
Buchbesprechung: Aesthetics and World Politics / Roland Bleiker ; und: Deleuze and Guattari / Robert Porter
Institution partenaire
English / 12/04/2011
Buchbesprechung: The Romantic Economist - Imagination in Economics : by Richard Bronk
Institution partenaire
English / 12/04/2011
Regulation of Say on Pay: Engineering Incentives for Executives and Directors – Experiences from the United States and Implications for Regulation in Switzerland
The debate about the compensation of executives and directors is a discussion about incentives and agency costs. This article analyzes basic tools to reduce agency costs and also assesses the ongoing debate about the future regulation of the compensation of executives and directors. It draws upon legislative experience from the United States. Recently proposed legislation in...
Institution partenaire
English / 01/04/2011
Personality, personal values and cooperation preferences in public goods games : A longitudinal study
Recent research on behavioral heterogeneity in social dilemma situations has increasingly focused on exploring the predictive value of individual difference variables. This paper contributes to this line of research by examining how cooperation preferences in a series of three public goods games conducted over the course of five months are related to personality traits and personal...
Institution partenaire
English / 01/04/2011
Online consumer behavior and its relationship with socio-demographics, shopping orientations, need for emotion, and fashion leadership
With online shopping entering a consolidation phase, there is a need for research differentiating online consumer behavior for a range of prod-uct categories. Also, individual differences in online shopping need to be considered. Therefore, a survey (N = 405) assessing online infor-mation search and online shopping for nine different product categories as well as socio-demographic...
Institution partenaire
English / 01/04/2011
CSR, Sustainability and Other Confusing Terms : Transatlantic Perspectives
Report on the Workshop of the 4th meeting of the Transatlantic Academy on Corporate Responsibility, Montreal, October 11-16, 2010
Institution partenaire
English / 01/04/2011
A Comprehensive Method for Comparing Mental Models of Dynamic Systems
Mental models are the basis on which managers make decisions even though external decision support systems may provide help. Research has demonstrated that more comprehensive and dynamic mental models seem to be at the foundation for improved policies and decisions. Eliciting and comparing such models can systematically explicate key variables and their main underlying structures. In...
Institution partenaire
English / 01/04/2011
Moving moments : Affect and narrative performances in research of entrepreneurship
Institution partenaire
English / 24/03/2011
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