fertile phase experience high unemployment rates. Based on these facts we investigate how marriage and fertility decisions in … countries like Spain. At the same time fertility is relatively low in the most concerned countries whereas those in their … likely to marry when they are unemployed during recession. Although we find effects on marriage we cannot observe any effects …

incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a …. However, we show that the board may implement a contract with insufficient incentives to communicate a warning, as refinancing …

) incentives before the crisis. We find some evidence that banks with CEOs whose incentives were better aligned with the interests …

. -- Bonuses ; investment banks ; leverage ; financial crisis ; perverse incentives …