This paper examines the power of a conditional difference-in-differences approach to nonparametrically identify the causal effects of sequences of interventions. In the classical difference-in-differences case, a period previous to the implementation of the intervention is used as a comparison...

I analyze the effect of unemployment on subsequent employment history for Switzerland. Using administrative panel data from the unemployment insurance system and the social security databases, I estimate a discrete time hazard model for the exit from the different labor market states:...

This paper examines whether European monetary union has lowered the degree of price dispersion among member countries. The difference-in-differences methodology is applied to four independent data sets containing prices of identical goods. While the results reported in the paper vary somewhat...

This paper analyzes the likely economic consequences of a specific proposal for corporate income tax reform in Switzerland that is based on the recent ERU (2001) report. The proposal includes a partial dividend tax relief, more effective taxation of capital gains, and a property tax reduction,...

In recent years, venture capital has increasingly become a factor in the financing of new firms. We examine how the value of mature firms determines the incentives of entrepreneurs to start up new firms and of venture capitalists to finance and advise them. We examine how capital gains taxes as...

The integration of core labour standards into the WTO has been demanded mostly on ei-ther humanitarian or fair trade grounds. While both reasons can be justified theoretically, the case for integration remains unclear. Whereas the humanitarian integration of core la-bour standards is a question...

Um zu zeigen, dass wirtschaftliche Aktivitäten dem Gemeinwohl dienen, wird als normative Referenz im allgemeinen das Pareto-Kriterium verwendet. Dieses lässt sich auch in begrenztem Rahmen zur Rechtfertigung politischer Entscheidungen nutzen. Damit solche Entscheidungen getroffen werden...

Antidumping has become the dominant instrument for temporarily restricting imports. There is need for concern, as it represents a particularly distorting trade policy measure. Many observers have made suggestions on how to improve the current situation. These sug-gestions aim at restraining...

Underconsumption theories played an important part in the economic policy debates during the Great Depression of the 1930s. The commonsense appeal of the arguments and the clear cut policy advice secured their proponents' popular support. Here, the contributions of John A. Hobson, Emil Lederer,...

Subsidised employment is an important tool of active labour market policies to improve the chances of the unemployed to find permanent employment. Using informative individual administrative data we investigate the effects of two different schemes of subsidised temporary employment implemented...