The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why privatization is useful as well as profitable for an...

Neben dem Pensions- und dem Gesundheitssystem ist der Pflegebereich das dritte Aufgabengebiet der Sozialpolitik, das stark von der demographischen Entwicklung geprägt ist. Schon derzeit sind die Budgets der Länder und Gemeinden durch die Mittel für die Pflege, vor allem für die in Alten- und...

This paper deals with a cross section analysis of local compensation payments to farmers for their provision of landscape amenities in alpine tourist communities. These payments can be interpreted as the outcomes of Coasian negotiations. Based on Austrian data we empirically identify the...

We analyse the consequences of starting a wage subsidised job, marginal employment, for unemployed workers. Marginal employment is a type of wage subsidy paid to unemployed workers and they do not lose their unemployment benefits if the wage is below a certain threshold. We ask if the unemployed...

Die private Pensionsversicherung, bei der dem Versicherungsnehmer regelmässige Auszahlungen bis an das Lebensende garantiert werden, ist Gegenstand einer spezifischen steuerlichen Förderung. Dahinter steht die Überlegung, dass eine Ergänzung zum öffentlichen Pensionssystem erreicht werden...

While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm’s and from a macro perspective. Adjustment cost theories and arguments about option values...

If and how the conduct of the banking sector contributes to the propagation of aggregate shocks has become a prominent empirical research question. This study explores what a cyclicality analysis of net interest margins and spreads, as well as profitability figures, can contribute to the...