The implementation of a lockdown to control the spread of the COVID-19 pandemic has led to a strong economic and political debate in several countries. This makes it crucial to shed light on the actual benefits of such kind of policy. To this purpose, we focus on the Swiss lockdown during the...

Retail banks usually apply simple linear regression models for describing the dynamics of the deposit rates of non-maturing accounts (NMA) like savings deposits. Thus, typical patterns like asymmetry or rigidity that banks follow when adjusting their deposit rates are ignored. This is insofar...

If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people to retire earlier than they would have in the absence of such a scheme. Individuals thus leave the workforce as soon as the retirement income is deemed sufficient and the...

Diese Dissertation besteht aus vier unabhängigen Aufsätzen über die Finanzentscheidungen von Haushalten. Die ersten drei Aufsätze untersuchen die Beziehungen zwischen Haushalten und Banken. Der erste Aufsatz untersucht die Determinanten und die aggregierten Implikation von...