Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age,...

Dass mich die Beendigung von Beziehungen nicht nur in beruflicher, sondern auch in privater Hinsicht stark beschäftigen würde, habe ich zu Beginn meiner Arbeit natürlich nicht gewusst. Die ersten sechs Wochen meiner Schreibphase waren gerade beendet, als mich die Nachricht von Tode meines...

We study the role of labour and credit market imperfections in the determination of equilibrium unemployment. In the credit market, loan contracts are negotiated between financiers and firms, both of which have bargaining power, while firms and organized labour bargain over the base wage. The...

How do we explain divergent trajectories of change in wage bargaining institutions? Existing studies maintained that European economic integration and liberalisation, decline in trade union power, changing work organization and new pay systems would push national wage-setting institutions...