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Université de Fribourg

Zusammenarbeit zwischen Vorstand und Geschäftsführung in Verbänden und anderen Nonprofit Organisationen

Bürgisser, Sarah

(Working Papers SES ; 431)

Eine gut funktionierende Zusammenarbeit zwischen ehrenamtlichen und hauptamtlichen Mitarbeitenden, insbesondere aber zwischen der hauptamtlichen Geschäftsführung und dem ehrenamtlichen Vorstand, ist für den Erfolg einer jeden Nonprofit-Organisation (NPO) von zentraler Bedeutung. Aufgrund der unterschiedlichen Rahmenbedingungen von Ehrenamt und Hauptamt gestaltet sich diese Zusammenarbeit...

Université de Fribourg

A wild bootstrap algorithm for propensity score matching estimators

Huber, Martin ; Camponovo, Lorenzo ; Bodory, Hugo ; Lechner, Michael

(Working Papers SES ; 470)

We introduce a wild bootstrap algorithm for the approximation of the sampling distribution of pair or one-to-many propensity score matching estimators. Unlike the conventional iid bootstrap, the proposed wild bootstrap approach does not construct bootstrap samples by randomly resampling from the observations with uniform weights. Instead, it fixes the covariates and constructs the bootstrap...

Université de Fribourg

What makes a price fair ? : An experimental study of transaction experience and endogenous fairness views

Herz, Holger ; Taubinsky, Dmitry‏

(Working Papers SES ; 477)

People’s fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet little is known about how these preferences are formed. In this paper, we provide clean evidence that previous transactions play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely to perceive high prices as fair...

Université de Fribourg

What if dividends were tax-exempt? : evidence from a natural experiment

Isakov, Dušan ; Pérignon, Christophe ; Weisskopf, Jean-Philippe

(Working Papers SES ; 498)

We study the effect of dividend taxes on the payout and investment policy of listed firms and discuss their implications for agency problems. To do so, we exploit a unique setting in Switzerland where some, but not all, firms were suddenly able to pay tax-exempted dividends to their shareholders following the corporate tax reform of 2011. Using a difference-in-differences specification, we...

Université de Fribourg

What if dividends were tax-exempt? : Evidence from a natural experiment

Isakov, Dušan ; Pérignon, Christophe ; Weisskopf, Jean-Philippe

(Working Papers SES ; 498, revised)

We study the effect of dividend taxes on the payout and investment policy of listed firms and discuss their implications for agency problems. To do so, we exploit a unique setting in Switzerland where some, but not all, firms were suddenly able to pay tax-exempted dividends to their shareholders following the corporate tax reform of 2011. Using a difference-indifferences specification, we...

Université de Fribourg

Werden Frauen und Männer in NPO gleich bezahlt?

Gmür, Markus

(Working Papers SES ; 429)

Dass Frauen und Männer in der Arbeitswelt bis heute nicht nur in unterschiedlichem Ausmass Führungspositionen besetzen, sondern auf diesen Positionen auch unterschiedlich bezahlt werden, ist allgemein bekannt und wird als Beleg für bestehende Diskriminierung angeführt. Die im Auftrag des Bundesamts für Statistik und dem Eidgenössischen Büro für die Gleichstellung von Frau und Mann...

Université de Fribourg

Wage Effects of High-skilled Migration: International Evidence

Grossmann, Volker ; Stadelmann, David

(Working Papers SES ; 415)

This paper argues that international migration of high-skilled workers triggers productivity effects at the macro level such that the wage rate of skilled workers may well rise in host countries and decline in source countries. We exploit a recent data set on international bilateral migration flows and provide evidence which is consistent with this hypothesis. In order to identify the causal...