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...

Dieser empirische Beitrag nutzt verbundene Arbeitgeber-Arbeitnehmer-Daten des Statistischen Bundesamtes, um Lohndifferentiale zwischen Arbeitnehmern mit befristeten und unbefristeten Arbeitsverträgen zu schätzen. Der Datensatz erlaubt die Analyse der Lohndifferentiale innerhalb von Firmen und...

Most fatal avalanche accidents in the Alps are caused by skiers and snowboarders. It has been one aim from the beginning to give guidelines for backcountry skiers in order to avoid avalanche accidents. About 10 years ago, the mountain guide Werner Munter developed a strategy for backcountry...

This empirical research note documents the relationship between composition of a firm's workforce (with a special focus on age and gender) and its performance with respect to innovative activities (outlays and employment in research and development (R&D)) for a large representative sample of...

The authors analyze the importance of relative wage positions within firms in western Germany in the context of individual quit decisions as an inverse measure of job satisfaction. Using a linked employer-employee data set (LIAB) for the years 1996?2005 whose sample consists of full-time male...

This paper uses German linked employer-employee data in order to estimate the impact of intra-firm wage dispersion on the probability that firms pay for continuous training. About half of all firms in the estimation sample cover all direct and indirect training costs, which contradicts the...

This empirical research note documents the relationship between composition of a firm's workforce (with a special focus on age and gender) and its performance with respect to innovative activities (outlays and employment in research and development (R&D)) for a large representative sample of...