Showing 1 - 10 of 856
We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 66 banks. We document an economically significant correlation of...
Persistent link: https://www.econbiz.de/10010412865
The authors compare a firm's costs and benefits of providing apprenticeship training in Austria and Switzerland, using … pay in Austria, which in turn is associated with collective bargaining agreements and competition with alternative school …
Persistent link: https://www.econbiz.de/10011743102
Criminal law enforcement depends on the actions of public agents such as police officers, but the resulting agency problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We develop an agency model of police behavior that...
Persistent link: https://www.econbiz.de/10010509622
After the collapse of the Soviet Union, more than 3 million people with German ancestors immigrated to Germany under a … authorities across regions upon arrival, we find that immigration significantly increases crime. The crime impact of immigration … substantially stronger effects in regions with high preexisting crime levels or large shares of foreigners. …
Persistent link: https://www.econbiz.de/10010509654
Following the collapse of the Berlin Wall, the birth rate halved in East Germany. Despite their small sizes, the … cohorts conceived during this period of socio-economic turmoil were, as they grew up in reunified Germany, markedly more …
Persistent link: https://www.econbiz.de/10013174486
The paper analyses the empirical relationship between immigrants and crime using panel data for 391 German … positive association between the immigrant rate and the crime rate. We assess the robustness of this result by considering the … interpretation of the estimates. There is no evidence that immigrants increase crime. …
Persistent link: https://www.econbiz.de/10012029079
Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and … Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in … is Germany's capitulation in 1945. The analysis of financial markets provides a fruitful method to evaluate the …
Persistent link: https://www.econbiz.de/10009781716
Turkish individuals and in other crimes targeting Islamic immigrants in Germany. Using German Socioeconomic Panel (SOEP) data …
Persistent link: https://www.econbiz.de/10011901768
Persistent link: https://www.econbiz.de/10003688926
Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...
Persistent link: https://www.econbiz.de/10011507659