Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis yields three main results: The introduction ...
Earnings differences are a recurring topic of public discussion in Germany. Data from the long-term Socio-Economic Panel (SOEP) study as well as a separate survey of German employees (LINOS) show that earnings inequalities are generally perceived as fair while a substantial share of the respondents find the current earnings distribution in Germany unfair. This applies above all to the middle and lower ...
The Executive Board is in charge of overall management at DIW Berlin and is comprised of the president, managing director, and another scientific Executive Board member. The Executive Board represents the institute externally, is responsible for the institute’s scholarly and scientific affairs, and assumes commercial, legal, and administrative responsibility. One Executive Board member is appointed ...
