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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
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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
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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
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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
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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
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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
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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
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A Gains from Trade Perspective on Macroeconomic Fluctuations
Beaudry, Paul; Portier, Franck - C.E.P.R. Discussion Papers - 2011
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10009221567
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Fiscal Multipliers Over the Business Cycle
Michaillat, Pascal - C.E.P.R. Discussion Papers - 2011
This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The … theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of …
Persistent link: https://www.econbiz.de/10009324257
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Skill-Biased Technological Change and the Business Cycle
Balleer, Almut; van Rens, Thijs - C.E.P.R. Discussion Papers - 2011
Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....
Persistent link: https://www.econbiz.de/10009643505