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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 inequality has been rising since the 1980s. Thereafter, the...
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-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 pay gap is positively associated with bank performance and negatively … associated with bank risk while VP pay gap is positively associated with bank risk. We show that only executive pay is sensitive …
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Greater gender diversity on bank board of directors is associated with higher compensation inequality because CEOs at …
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