Utilizing data from the June Current Population Survey (CPS) Fertility Supplement mergedwith data from other months of the CPS, we describe trends in parents´ employment andleave-taking after birth of a newborn and analyze the extent to which these behaviors areassociated with parental leave...

This paper seeks to understand the intriguing but only sparsely explored phenomenon of “leisure timeinvention,” where the main underlying idea for the new product or process occurs when the inventor isaway from the workplace. We add to previous research by focussing on the inventive...

Diese Broschüre gibt einen Überblick über die aktuelle Situation in der Freizeitsicherheit und zeigt die Möglichkeiten zur Förderung der Präventionsarbeit in der Schweiz auf.

Frühwarn- bzw. Frühaufklärungs- oder Prognosesysteme, zielen speziell darauf ab, Entwicklungen oder Ereignisse in der Zukunft früh wie möglich zu erkennen um damit adäquate Reaktionsmaßnahmen einleiten zu können.(...)

In this paper we investigate the potential of the analysis of noisy non-stationary time series by quantizing it into streams of discrete symbols and applying finite-memory symbolic predictors. The main argument is that careful quantization can reduce the noise in the time series to make model...

Vorliegendes Arbeitspapier beschäftigt sich mit der Kapitalanlageperformance der deutschen Lebensversicherer unter besonderer Berücksichtigung der realisierten Risikoposition.

We want to assess the relationship between the equity and the debt cost of capital. Using a verysimple dividend discount model we compute the implied discount rate and we compare it with thecorresponding premium on the corporate credit default swap using a cointegration approach. Wedemonstrated...

This paper studies asset allocation decisions in the presence of regime switching in asset returns. Wefind evidence that four separate regimes - characterized as crash, slow growth, bull and recovery states- are required to capture the joint distribution of stock and bond returns. Optimal asset...

We systematically examine the comparative predictive performance of a number of alternativelinear and non-linear models for stock and bond returns in the G7 countries. Besides Markovswitching, threshold autoregressive (TAR), and smooth transition autoregressive (STAR) regimeswitching...