We use panel data from the Swiss Labor Force Survey to estimate age-earnings profiles as well as transitory and permanent income shock variances for investor groups distinguished by gender, education and activity rate. Estimation results are then used to stylize several different Swiss investor...

This paper analyses the Determinants of Venture Capital Staging and Syndication in Switzerland. I find that among the different affiliations of VC investors in Switzerland especially independent investors make more extensive use of staged capital infusions. Moreover, the results suggest that...

We discuss the ongoing liberalization process in the market for addressed letter mail in Switzerland. The paper assesses the impact of the liberalization on the financial viability of various universal service obligations with and without access to the incumbent's downstream delivery network for...

After the switch to a floating exchange rate in 1973, the Swiss National Bank at first adopted annual monetary targets and in the 1990s shifted to a medium-term targeting strategy. In this paper I review the SNB’s internal policy analysis, an aspect of Swiss monetary targeting that has...

Many studies on insider trading are based on data of the U.S. market and conclude that insiders can earn abnormal profits. This paper examines for the Swiss stock market whether insiders can earn abnormal profits and whether outsiders can make abnormal profits by mimicking the transactions of...

We investigate the gender wage differentials for Switzerland. Using the Swiss Labour Force Survey, we apply a matching method. Compared to the Oaxaca-Blinder decomposition, this nonparametric technique does not require any estimation of wage equations and accounts for differences that can be due...

By January 1, 2005, Switzerland reduced the legal level of blood–alcohol concentration while driving from 0.8h to 0.5h. This happend on basis of the assumptions that more restrictive per mil levels increase road safety. The benefit of lower blood–alcohol levels, however, depends on whether...

Monetary aggregates have historically played an important role in Swiss monetary policy, with the Swiss National Bank using money growth targets until 1999. Since 2000, when a new policy framework was introduced that focuses on an inflation forecast, money growth has been used as an indicator...

We investigate environmental aspects of agriculture from a welfare economic perspective and show that both positive and negative effects exhibit the character of undepletable externalities. To internalise these externalities while taking equity concerns into account, we propose compensation of...

We analyze the completed highest education degree of two birth cohorts (1934-1943 and 1964-1973) in Switzerland, using data from the 1999 Swiss Household Panel. The fraction of tertiary graduates has increased over time, for women more so than for men. Educational attainment depends strongly on...