occupational pension wealth observed in Switzerland …

motivators that derive their value from such social concerns. Panel data from the call center of a large international bank allow …

saliency of their professional identity and subsequently measure their risk aversion in a real stakes investment task. If bank … professional norms generally increase bank employees' willingness to take risks …

We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … bonus share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …

mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize … banks is higher than that of banks enjoying monopoly rents, and is robust to the introduction of social costs of bank … failures. In this model, there is no trade-off between bank competition and financial stability …

the central bank after a liquidity shock creates a new channel of policy transmission that leads to a sharp decrease in …