So far economic analysis of unemployment has neglected social norms to a large extent. Here the empirical relevance of the social norm to live off one's own income is studied with regard to unemployed people's behaviour and subjective well-being. The strength of the social work norm is measured...

In this paper, we study the effect of women's suffrage on government expenditure in Swiss cantons. Based on the institutionally induced change in the electorate, we analyse the relationship between politically represented preferences and the outcome of the political process. Women, on average,...

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Historical events are reflected in asset prices. In this paper we therefore analyze the prices of Swiss government bonds traded during WWII. The econometric analysis reveals that some events that are generally considered crucial for the military threat Switzerland faced, are clearly reflected in...

The econometric analysis of government bonds prices reveals new historical insights and can therefore support the research activities of historians. In his comments on our article "Krieg und Finanzmarkt", which deals with this topic, JEAN-CHRISTIAN LAMBELET raises many important points. Our...

This paper deals with the question how to locate generally beneficial, but locally harmful facilities in accordance with citizens' procedural preferences. The analysis of survey data collected among people potentially affected by such siting decisions shows that aspects of procedural fairness...

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Crowding-Theory introduces a new psychological effect into economics. Under identifiable conditions, a higher price or stricter regulation reduces the intrinsic motivation to perform a task. Crowding-Out is the only effect which systematically works in the opposite direction to the Relative...

This short paper investigates the impact of Swiss economists by analyzing the citations collected in the Social Sciences Citation Index. It comes as no big surprise that the Anglo- Saxon countries dominate modern economics with respect to the absolute number of eminent, most frequently cited...