In the absence of a broad international agreement, national climate policiesare less efficient, due to carbon leakage, and more costly, due to causingunemployment and a loss of competitiveness on international markets. As,in many countries, a substantial fraction of emissions results from the...

Based on the style analysis pioneered in [Sharpe, W.F. (1992). AssetAllocation: Management Style and Performance Measurement, Journalof Portfolio Management, 7-19.] I dene a procedure to examine theconsistency of hedge fund indexes across providers. The results of myinvestigation suggest that...

In this paper we analyzed the violations of UIP for the Swiss Franc against the Dollar, the Euro, the Yen, thePound and the Canadian Dollar using recent data up to fall 2008. This exercise provides the following mainresults : first the Swiss interest rate puzzle disappeared, i.e. mean returns on...

In Medien und Öffentlichkeit ist die Meinung, dass die infolge von Globalisierung und Strukturwandel freigesetztenArbeitskräfte zu den Verlierern der Globalisierung gehörten, weit verbreitet. Diese Studie zeigtauf, dass diese Wahrnehmung in der Schweiz nur bedingt mit der Realität...

This paper addresses the personal linkages between the public administration and the legislaturethat emerge because public servants pursue a political mandate. There are concernsthat the strong representation of bureaucrats in many Western parliaments compromises theconstitutionally proposed...

The present paper examines the relationship between fixed-term employment and jobsatisfaction using individual-level data from the German Socio Economic Panel (GSOEP).According to theoretical expectations, fixed-term employment should be associated with arelative low level of job satisfaction,...

This paper examines the question, whether the growing use of new technologies anddecentralized forms of work organization affects the age structure of workforces withinfirms. The initial idea behind this relationship is that technological and organizationalchange may not only be skill-biased,...

‘Happiness Research’ has attracted a great deal of attention in the social sciences as well as inthe general public. This is reflected by a massive increase in the amount of scholarly work onpeople’s subjective well-being1 and the frequent featuring of happiness research in the media.The...

Sorting of people on the labor market not only assures the most productive use of valuableskills but also generates individual utility gains if people experience an optimal match betweenjob characteristics and their preferences. Based on individual data on subjective well-being it ispossible to...

The present paper examines the wage effects of continuous training programs usingindividual-level data from the German Socio Economic Panel (GSOEP). In order to accountfor selectivity in training participation we estimate average treatment effects (ATE and ATT)of general and firm-specific...