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This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a … newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search … and investment, so it may take some time before an unemployed worker finds a job. Wages are determined by bargaining. A …
Persistent link: https://www.econbiz.de/10005504418
-industrial sector. The interaction of investment with unemployment creates a channel for potentially divergent long-run outcomes. If the …
Persistent link: https://www.econbiz.de/10005504722
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
-defined local labour markets. This allows pursuing instrumental variable as well as matching estimation strategies. A specific …
Persistent link: https://www.econbiz.de/10005792373
This paper provides a critical review of competition policy in Switzerland. We analyse the legal statute, the …
Persistent link: https://www.econbiz.de/10005124301
small sample problems occurring in IV estimation, our results suggest that ALMP increases individual employment …
Persistent link: https://www.econbiz.de/10005498153
schemes of subsidized temporary employment implemented in Switzerland. One scheme operates as a non-profit employment … anyway, as well as for those with short unemployment duration. For unemployed with potentially long unemployment duration and …
Persistent link: https://www.econbiz.de/10005504692
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
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
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …
Persistent link: https://www.econbiz.de/10009209829