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This paper examines the relationship between changes in the financial sector and the increasing inequality in Germany …. For this, first an overview about the development of the main inequality indicators for Germany is given, which show …
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Using a comprehensive sample of US banks for years 2001 to 2016, we split the pay gap between the CEO and rank-and-file employees into two: CEO pay gap and VP pay gap. We examine the effect on bank performance of the tournament incentives arising from these different pay gaps. We find that CEO...
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