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Nepotism, altruism, lower managerial abilities, and a small pool of qualified family candidates may speak against family management. However, a large share of family-owned firms is run by family managers. Our study develops a theoretical model that provides an explanation for this paradox,...
Persistent link: https://www.econbiz.de/10015202761
Gut die Hälfte der Beschäftigten in Deutschland bewertet ihr Einkommen zu allen hier betrachteten Befragungszeitpunkten - 2005, 2007 und 2009 - als gerechte Entlohnung. Bei der Beurteilung des eigenen Einkommens lassen sich aber auch deutliche Veränderungen beobachten. Die Daten des...
Persistent link: https://www.econbiz.de/10011602199
High levels of economic inequality may lead to lower economic growth and can have negative social and political impacts … significantly more than previously suggested. Currently, the average Gini index (a common measure) of inequality in Eastern Europe … is about 3 percentage points higher than in the rest of Europe. This rise in inequality was initially driven by …
Persistent link: https://www.econbiz.de/10013266267
This paper investigates the sources of inequality in household gross and net wealth across eight euro area countries … remarkable effect on wealth inequality that is stronger than that of income differences. In Austria, Germany and Cyprus the … contribution of real and financial assets inherited or received as gifts to gross and net wealth inequality attains about 40 per …
Persistent link: https://www.econbiz.de/10014363258
sozialer Gerechtigkeit Korrekturen fordern. So haben die Reallöhne in den vergangenen Jahren stagniert, teilweise sind sie …
Persistent link: https://www.econbiz.de/10011601855
experimental democracy. We design a two-period experiment in which subjects first choose a distributional scheme by majority voting … the effect of social immobility on choosing distributional regimes the experiment is conducted with and without a social … inequality perpetuated by social immobility is likely to undermine the general support for market-based systems. …
Persistent link: https://www.econbiz.de/10014504499
In relation to the problem of SME productivity, it is necessary to investigate whether there is a problem of mismatch between workers and work and groups and corporate cultural values. This study aims to analyze whether the concept of innovative work behavior can mediate the relationship of...
Persistent link: https://www.econbiz.de/10012703572
One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk … obtain that lower agent's risk aversion unambiguously leads to higher incentives when the technology function linking …
Persistent link: https://www.econbiz.de/10011852723
. In the upper income segment, in contrast, no negative effect of the income tax burden on perceived income justice is …
Persistent link: https://www.econbiz.de/10011601313
In der öffentlichen Debatte herrscht die Einschätzung vor, dass die Ungleichheit der Einkommen und des Vermögens in Deutschland und in Europa in den letzten Jahren stark zugenommen hat. Geht die Schere zwischen Arm und Reich wirklich weiter auseinander, oder ist die wachsende Ungleichheit ein...
Persistent link: https://www.econbiz.de/10011694140