Maps record facts but, whether by design or by accident, they also project worldviews and function as arguments. Maps attached to Israeli-Palestinian peace agreements are a case in point. Every map reflects a set of judgments that influence the viewer's impression of the underlying data. The...

We exploit a unique Swiss reform to identify the importance of passivity, claiming social security benefits at the Full Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early claiming penalties significantly delays pension...

In this paper we study the effects of Switzerland implementing the Schengen agreement on cross-border commuting from regions of neighbouring countries. As vehicles are allowed to cross borders without stopping and residents in border areas are granted freedom to cross borders away from fixed...

Switzerland's National League is the world's third most high-paying ice hockey championship after the NHL and the KHL, even though Switzerland is a small country with a population of 8.5 million and the league's professional clubs are based in areas that vary enormously in terms of their local...

The paper examines the investment activities of Swiss National Bank during last years and especially what is the nature of these activities, what is their scope, what are their financial grounds, what possible consequences could they lead to, and why are they so disconcerting for the financial...

We study how reported wealth responds to changes in wealth tax rates. Exploiting rich intra-national variation in Switzerland, the country with the highest revenue share of annual wealth taxation in the OECD, we find that a 1 percentage point drop in the wealth tax rate raises reported wealth by...

The aim of this study is to evaluate the usefulness and relevance of earnings announcements, as the key determinant for share price changes. The main objective is to examine whether earnings response coefficient (ERC) behavior could explain more fully the share price changes, as to the reason...

Article 531 of the Turkish Commercial Code grants right to request corporate dissolution for just causes to shareholders representing at least ten per cent of the capital in joint stock companies, and five per cent in publicly traded companies. Aside from dissolution, the court is entitled to...

This paper describes the current Swiss occupational pension system with a focus on its governance aspects by emphasizing on the minimum guarantees established by the law, the governance-related requirements, and the most recent supervision framework. It documents in details how the various and...

We study the effect of culture on financial literacy by comparing secondary-school students along the German-French language border within Switzerland. We find that students in the French-speaking area have a lower level of financial literacy than students in the German-speaking area. The...