This study investigates the public-private sector wage gap in Switzerland with a special focus on distributional aspects. Using data from the Swiss Labour Force Survey the study finds that the wage structure differs between the sectors. The public sector guarantees a higher base salary while the...

This paper studies the links existing between the Swiss stock market and the five largest stock markets in the world (USA, Japan, United Kingdom, Germany and France) in terms of return and volatility. We find that conditional heteroskedasticity is present in every market and also that...

In this paper, the item nonresponse problem associated with wage data collected by telephone surveys is analysed. Using data from the 1998 Swiss Labour Force Survey (SLFS) and data on interviewers, it is shown that the response decision can only partially be explained by the chracteristics of...

Michael Porter and others have recently argued that suitable environmental regulations are likely to induce cost-reducing innovations. We analyze under which conditions such arguments might be consistent with microeconomic analysis, and under which additional conditions the firms' benefits might...

This paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications of multi-sectoral real business cycle models are examined by resorting to testing techniques based on stock market returns. The empirical evidence is obtained by calculating...

This study evaluates the short-run employment effects of general basic courses, German language courses, and computer courses which were held for unemployed persons in the Swiss canton St. Gallen between January and April 1998. It is based on administrative data provided by the Swiss State...

Contemporaneous comovements of aggregated output time series between industrialized countries represent an important characteristic of the international business cycle and have already been well documented. This paper shows that a small open economy like Switzerland shares common short term GDP...

We study managerial compensation schemes for situations, where the current management knows more about the company's expected profitability than the new employee. When a manager is offered a contract with only a low fixed salary but a high profit participation, he is afraid that the company's...

First, we present the OAXACA'S (1973) traditional measure of the wage discrimination. We mention the shortcomings. Then, we describe the method proposed by SHRESTHA and SAKELLARIOU (1996). The later is applied to the survey 1994 on the Swiss wage structure. A significant discrimination in favour...

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