People spend more and more time commuting and often find it a burden. According to economics, the burden of commuting is chosen when compensated either on the labor or on the housing market so that individuals utility is equalized....

Die Entlohnung von Topmanagern ist in den westlichen Industrieländern über dieletzten Jahre markant angestiegen. Wir stellen verschiedene Ansätze dar, welche dieseEntwicklung zu erklären versuchen, und prüfen sie auf ihren Erklärungsgehalt: (1) DieEntwicklung ist das Ergebnis eines gut...

Stock option grants to top managers have largely contributed to the dramatic increase in US executive pay in recent years. In this paper it is argued that stock options, compared to other forms of compensation, have created strong incentives for managers to engage in lobbyingactivities for...

Distortions in memory impose important bounds on rationality but have been largely disregardedin economics. While it is possible to learn, it is more difficult, and sometimes impossible, tounlearn...

Corporate scandals, reflected in excessive management compensation and fraudulentaccounts, cause great damage...

The self-employed are substantially more satisfied with their work than employed persons. We document this relationship for 23 countries and show that the higher job satisfaction can directly be attributed to the greater autonomy that self-employed persons enjoy....

In view of recent corporate scandals, it is argued that corporate governance can learn from public governance ...

Corporate scandals are reflected in excessive top management compensation and fraudulent accounts ...

People behave pro-socially in a wide variety of situations that standard economic theory is unable to explain. Social comparison is one explanation for such pro-social behavior: people contributeif others contribute or cooperate as well....

One can be independent, or subject to decisions made by others. This paper empirically tests whether individuals attach an intrinsic value to the institutional difference between independence and hierarchy ...