In this paper, the course-related training of elderly workers in Switzerland isanalysed with data from the Swiss Labour Force Survey. Elderly individuals invest substantialamounts in their human capital via course-related training...

This paper explores the impact of university finance reforms on teachingquality. It is shown that the graduate tax can achieve efficiency with tuitionfees administered by the government, while student grants, pure and incomecontingent loans are bound to fail. All options are inefficient when...

Student loans schemes are in operation in more than seventy countries around the world.Most loans schemes benefit from sizeable built-in government subsidies and, in addition, aresubject to repayment default and administrative costs that are not passed on to studentborrowers. We probe two issues...

Any opinions expressed here are those of the author(s) and not those of IZA. Research published inthis series may include views on policy, but the institute itself takes no institutional policy positions.The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international...

Die Wissensgesellschaft ist inzwischen Realität. Wettbewerbsvorteile und hoheWertschöpfung werden über Vorsprünge in Wissen und dessen Anwendungerreicht. Reiche Regionen existieren dort, wo innovative Cluster bestehen.Technologietransfer entstand aus der Notwendigkeit, an Hochschulen...

Bei Public Private Partnerships (PPP) spielt der Wirtschaftlichkeitsvergleich eine entscheidendeRolle. Er dient zur Ermittlung von Effizienzvorteilen und Einsparungen einerRealisierungsvariante (öffentlicher Eigenbau oder privatwirtschaftlich) und als Argumentationsgrundlagesowie Rechtfertigung...

Bei Public Private Partnerships (PPP) spielt der Wirtschaftlichkeitsvergleich eine entscheidendeRolle. Er dient zur Ermittlung von Effizienzvorteilen und Einsparungen einerRealisierungsvariante (öffentlicher Eigenbau oder privatwirtschaftlich) und als Argumentationsgrundlagesowie Rechtfertigung...

Is there any need to “clean” up a banking system in the midst of a crisis, by closing or recapitalizing weak banks and taking bad assets off bank balance sheets, or can one wait till the crisis is over? We argue that an “overhang” of impaired banks that may be forced to sell assets soon...

Among the policy responses to the global financial crisis, the international provision of US dollars via central bank swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated policy response. Using the BIS international banking...

Bailing out banks requires overcoming debt overhang as well as dealing with adverseselection with respect to the quality of banks' balance sheets, in terms of heterogeneity inboth the likelihood and extent of their potential shortfalls, of future asset values vis-a-viscontractual debt...