infonet-economy

Arbeitszeugnisse sind in der Schweiz von besonderer Bedeutung, da hier im Gegensatz zu den Regelungen in anderen Ländern der Grundsatz gilt: Wahrheit vor Wohlwollen. Im Gesetz ist dies zwar nicht ausdrücklich vorgegeben, doch resultiert der Grundsatz aus der Rechtsprechung des Bundesgerichtes, wonach der Aussteller eines Arbeitszeugnisses für die Vollständigkeit und Richtigkeit der...

Das vorliegende Smart Metering Impact Assessment untersucht die Kosten und Nutzen unterschiedlicher Smart-Metering-Einführungsszenarien für die Schweiz. Als Grundlage für die Analyse dienen insgesamt 30 Interviews mit Vertretern aus Wissenschaft, Industrie, Akteuren der Energiewirtschaft und weiteren Stakeholdern sowie eine Auswertung von Smart-Meter-Pilotprojekten und der aktuellen...

Moving towards a fiscal union does not address the problems of divergence in Europe. Given cultural heterogeneity and diverse preferences, fiscal policy should remain under national sovereignty while important regulatory power is assigned to the Union. The paper argues that more credible fiscal rules combined with tighter surveillance reduce negative policy spillovers. A better...

This paper provides a theory of incorporation and taxation that emphasizes
the role of the corporate legal form in facilitating access to external capital
and the potential advantages of limited liability. Incorporation relaxes financing
constraints and makes corporations larger than comparable non-corporate
firms. For the same reason, a tax on corporations...

Women with children tend to earn lower hourly wages than women without children - a shortfall known as the ‘motherhood wage gap'. While many studies provide evidence for this empirical fact and explore several hypotheses about its causes, the impact of motherhood on job dimensions other than wages has scarcely been investigated. In order to assess changes in women's jobs...

We present a new methodology for decomposing the (risk-adjusted) performance in empirical finance. Our technique offers the same straightforward economic intuition and all the statistical benefits of the portfolio sorts approach, in particular robustness to cross-sectional correlation, and in addition resolves the major drawbacks of portfolio sorts. Most importantly, our regression-...

Arbitrage ensures that covered interest parity holds. The condition is central to price foreign exchange forwards and interbank lending rates, and reflects the efficient functioning of markets. Normally, deviations from arbitrage, if any, last seconds and reach a few basis points. After the Lehman bankruptcy, instead, arbitrage profits were large, persisted for months and involved...