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The ownership of funds and systems for reparation of very large accidents

Bolin, Kristian - 1999

, nor allow for compensation of all damages. The reason is that the magnitudes of the accidents that we study are so big … take care even further because of the moral hazard problem. Another component of the compensation system is the 1969 … improve the situation with the apparent inadequacy of the system to meet the compensation demands from victims. The CLC forces …

Persistent link: https://www.econbiz.de/10013208400

Social comparison in the workplace: Evidence from a field experiment

Cohn, Alain; Fehr, Ernst; Herrmann, Benedikt; … - 2011

We conducted a randomized field experiment to examine how workers respond to wage cuts, and whether their response depends on the wages paid to coworkers. Workers were assigned to teams of two, performed identical individual tasks, and received the same performance-independent hourly wage....

Persistent link: https://www.econbiz.de/10010316865

Risk-Taking Incentives, Governance, and Losses in theFinancial Crisis

Chesney, Marc; Stromberg, Jacob; Wagner, Alexander F. - Swiss National Centre of Competence in Research North … - 2010

This paper studies the extent to which risk-taking incentives of CEOs and other governancefeatures in a range of years prior to the recent financial crisis were related to the write-downsof U.S. financial institutions during the crisis. We document that institutions whose CEOs hadparticularly...

Persistent link: https://www.econbiz.de/10009305115

Bank CEO Incentives and the Credit Crisis

Fahlenbrach, Rüdiger; Stulz, René M. - Swiss National Centre of Competence in Research North … - 2009

accounting return on equity (ROE). Further, banks with higher option compensationand with a larger fraction of compensation given …

Persistent link: https://www.econbiz.de/10009305118

Executive Compensation and Specific Knowledge

Morellec, Erwan; Niu, Jijun - Institut für Schweizerisches Bankwesen <Zürich> - 2005

This paper presents a model of executive compensation in which the executive is risk averse and has specific knowledge … compensation. Notably, we find that relative performance evaluation is optimal only if the quality of specific knowledge is low. We …

Persistent link: https://www.econbiz.de/10005858765

Public versus private sector wage gap in Egypt: Evidence from quantile regression on panel data

Tansel, Aysit; Keskin, Halil İbrahim; Özdemir, Abidin - 2018

This paper considers the public and private sector wage earners in Egypt and examines their wage distribution during 1998-2012 using Egyptian Labor Market Panel Survey. We estimate the public-private sector wage gap with Mincer wage equations both at the mean and at different quantiles of the...

Persistent link: https://www.econbiz.de/10012060216

Wage inequality and returns to education in Turkey: a quantile regression analysis

Tansel, Aysit; Bircan, Fatma - 2011

This paper investigates the male wage inequality and its evolution over the 1994-2002 period in Turkey by estimating Mincerian wage equations using OLS and quantile regression techniques. Male wage inequality is high in Turkey. While it declined at the lower end of the wage distribution it...

Persistent link: https://www.econbiz.de/10010273688

Parental leave and the glass ceiling in Sweden

Albrecht, James W.; Skogmann Thoursie, Peter; Vroman, … - 2015

In this paper, we update and extend "Is There a Glass Ceiling in Sweden?" (Albrecht et al. 2003) by documenting the extent to which the gender log wage gap across the distribution in Sweden has changed over the period 1998-2008. We then examine the Swedish glass ceiling in 2008 in more detail by...

Persistent link: https://www.econbiz.de/10011440164

Decomposing outcome differences between HBCU and non-HBCU institutions

De Zeeuw, Mels; Fazili, Sameera; Hotchkiss, Julie L. - 2020

This paper investigates differences in outcomes between historically black colleges and universities (HBCU) and traditional college and universities (non-HBCUs) using a standard Oaxaca/Blinder decomposition. This method decomposes differences in observed educational and labor market outcomes...

Persistent link: https://www.econbiz.de/10012389587

An empirical characterization of volatility dynamics in the DAX

Virla, Leonardo Quero - 2021

This paper addresses stock market volatility in Germany between 1991 and 2018. Through a GARCH model with leverage term, an estimation of volatility in the DAX is provided. Such estimation is then plugged into a quantile regression model where potential economic determinants are analyzed. The...

Persistent link: https://www.econbiz.de/10012643577