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Volatile Top Income Shares in Switzerland? Reassessing the Evolution Between 1981 and 2009

Foellmi, Reto; Martínez, Isabel Z. - C.E.P.R. Discussion Papers - 2014

We study the recent evolution of top incomes in Switzerland, analyzing both social security data on labor incomes and ….01 percent’s share even doubled, putting Switzerland similar to European countries for the top 1 percent group but closer to the … suggests that labor incomes have become more important among top income earners in Switzerland. This is in line with findings …

Persistent link: https://www.econbiz.de/10011083290

Do Agglomeration Economies Reduce the Sensitivity of Firm Location to Tax Differentials?

Brülhart, Marius; Jametti, Mario; Schmidheiny, Kurt - C.E.P.R. Discussion Papers - 2007

Low corporate taxes can help attract new firms. This is the main mechanism underpinning the standard 'race-to-the-bottom' view of tax competition. A recent theoretical literature has qualified this view by formalizing the argument that agglomeration forces can reduce firms' sensitivity to tax...

Persistent link: https://www.econbiz.de/10005791554

Exploiting Regional Treatment Intensity for the Evaluation of Labour Market Policies

Fröhlich, Markus; Lechner, Michael - C.E.P.R. Discussion Papers - 2006

We estimate the effects of active labour market policies (ALMP) on subsequent employment by nonparametric instrumental variables and matching estimators. Very informative administrative Swiss data with detailed regional information are combined with exogenous regional variation in programme...

Persistent link: https://www.econbiz.de/10005792373

Competition Policy in Switzerland

Neven, Damien J; von Ungern-Sternberg, Thomas - C.E.P.R. Discussion Papers - 1996

This paper provides a critical review of competition policy in Switzerland. We analyse the legal statute, the …

Persistent link: https://www.econbiz.de/10005124301

Regional Treatment Intensity as an Instrument for the Evaluation of Labour Market Policies

Fröhlich, Markus; Lechner, Michael - C.E.P.R. Discussion Papers - 2004

The effects of active labour market policies (ALMP) on individual employment chances and earnings are evaluated by non-parametric instrumental variables based on Swiss administrative data with detailed regional information. Using an exogenous variation in the participation probabilities across...

Persistent link: https://www.econbiz.de/10005498153

Does Subsidized Temporary Employment Get the Unemployed Back to Work? An Econometric Analysis of Two Different Schemes

Gerfin, Michael; Lechner, Michael; Stieger, Heidi - C.E.P.R. Discussion Papers - 2002

schemes of subsidized temporary employment implemented in Switzerland. One scheme operates as a non-profit employment …

Persistent link: https://www.econbiz.de/10005504692

International Portfolio Holdings and Swiss Franc Asset Returns

Kugler, Peter; Weder di Mauro, Beatrice - C.E.P.R. Discussion Papers - 2004

This Paper revisits the puzzle of low returns on Swiss franc assets using a new dataset of international portfolio holdings at Swiss banks. The main findings are as follows. First, we find that the return anomaly is present only for fixed income assets and not for equity. Second, it is mostly...

Persistent link: https://www.econbiz.de/10005656129

Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2011

While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar, suggesting global dollar illiquidity. In response, the Federal Reserve partnered with other central banks to inject dollars into the international financial system. Empirical...

Persistent link: https://www.econbiz.de/10009293988

How Effective Is Monetary Transmission in Developing Countries? A Survey of the Empirical Evidence

Mishra, Prachi; Montiel, Peter J; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2011

This paper surveys the evidence on the effectiveness of monetary transmission in developing countries. We summarize the arguments for expecting the bank lending channel to be the dominant means of monetary transmission in such countries, and present a simple model that suggests why this channel...

Persistent link: https://www.econbiz.de/10009322980

Rose, Andrew K - C.E.P.R. Discussion Papers - 2013

In contrast to earlier recessions, the monetary regimes of many small economies have not changed in the aftermath of the global financial crisis. This is due in part to the fact that many small economies continue to use hard exchange rate fixes, a reasonably durable regime. However, most of the...

Persistent link: https://www.econbiz.de/10011083734