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Institut de recherches économiques
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+41 32 718 14 00
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A.-L. Breguet 2
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2000
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Neuchâtel
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CH
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Academic Institute
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508 Résultats
Voici les éléments 1 - 10 sur 508
- PublicationMétadonnées seulementFrom Lifetime Jobs to Churning?(2014)
; Ferro Luzzi, GiovanniUsing data over 1991–2008 for Switzerland, we investigate job stability through a series of Cox proportional hazards models. Our baseline results show that employment has become less stable for older male workers, with less noticeable change for other groups. However, when destination states are considered in the model, results indicate that younger workers face more transitions towards unemployment than before, whereas older male workers’ greater instability is caused by an increase in transitions to inactivity. It thus appears that the situation of young workers has deteriorated, while the evolution of older men’s job stability is at least partly explained by the increasing number of early retirements. For women, our results are largely consistent with their increasing participation rate and attachment to the labor market. - PublicationMétadonnées seulement
- PublicationAccès libreThe Impact of Institutional Investors on Corporate Governance: A View of Swiss Pension Funds in a Changing Financial EnvironmentTheories on corporate governance have developed in line with the development of the financial markets and the increasing power of institutional investors. Indeed, the financial markets' power can be measured by the ability of shareholders, and of institutional investors in particular, to influence businesses and their managers. A number of reforms have been implemented in several countries, Switzerland included, in order to strengthen shareholders' powers. Making specific reference to Swiss case studies, this paper aims to create a better understanding of the role of institutional investors in corporate governance. Indeed, Switzerland is paradoxical in that it is generally considered Rhenish, with banks and families taking a leading role in controlling big business (David et al. 2004; Windolf & Nollert 2001), whilst developing a pension fund system which, since the mid-1980s, has attracted considerable funds and is still experiencing strong growth. How do these two approaches, traditionally at opposite ends of the spectrum as far as the subject's literature is concerned, reconcile themselves in the Swiss market?
- PublicationAccès libreOvernight rate and signalling effects of central bank bills(2022)
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- PublicationAccès libreImpacts of rainfall shocks on out-migration are moderated more by per capita income than by agricultural output in Türkiye(2023)
; ; ; Rural populations are particularly exposed to increasing weather variability, notably through agriculture. In this paper, we exploit longitudinal data for Turkish provinces from 2008 to 2018 together with precipitation records over more than 30 years to quantify how variability in a standardized precipitation index (SPI) affects out-migration as an adaptation mechanism. Doing so, we document the role of three potential causal channels: per capita income, agricultural output, and local conflicts. Our results show that negative SPI shocks (droughts) are associated with higher out-migration in rural provinces. A mediated-moderator approach further suggests that changes in per capita income account for more than one quarter of the direct effect of droughts on out-migration, whereas agricultural output is only relevant for provinces in the upper quartile of crop production. Finally, we find evidence that local conflict fatalities increase with drought and trigger out-migration, although this channel is distinct from the direct effect of SPI shocks on out-migration. - PublicationMétadonnées seulement
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