Individual preferences with respect to risk taking play an important role in financial economic behaviour and, hence, in financial markets. Using German microdata, we argue that individual religiosity is a determinant of household willingness to take risks, since it shapes relevant individual...

Assuming that certain religious beliefs, as a proxy for one’s cultural background, may inhibit wealth accumulation, individual savings behavior in the USA with its vital religious market is examined. Using data from the US Panel Study of Income Dynamics (PSID), I found notable differences in...

The participation rate of women in the labor market shows a sizeable variation across countries and across time. Following studies conducted for North America, this section tests the hypothesis whether, next to structural conditions, cultural norms with regard to existing role models within...

Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...

We use a large linked employer-employee data set to analyze the importance of relative wage positions in the context of individual quit decisions as an inverse measure of job satisfaction. Our main findings are: (1) Workers with higher relative wage positions within their firms are on average...

type="main" <p>Linked employer–employee data from the German Federal Statistical Office are used to estimate differences in gender wage gaps and gender gaps in holding leadership positions between establishments with male- and female-dominated workforces. Main findings are: (i) the gender wage...</p>

type="main" xml:id="sjpe12056-abs-0001" <title type="main">Abstract</title> <p>This paper provides scarce insider econometric evidence on the structure of management compensation and on the incentive effects of fixed base salaries and bonus payments. Six years of personnel data of 177 managers in a German company are...</p>

We analyze the impact of participation in sports activities during adolescence and as an adult on labour market earnings. Sport might increase productivity due to better physical and social skills. Using the rich information from the German Socio-Economic Panel (GSOEP), we estimate earnings...

This paper compares contractual with effective working hours and wages, respectively. Effective working hours are defined as contractual working hours minus absent working hours. This approach takes into account workers' downward adjustment of working time via paid absenteeism if working time...