by Elke Holst and Anja Kirsch In 2015, the share of women in the top decision-making bodies of the financial sector increased once again but men remain in the overwhelming majority and thus continue to call the shots. At the end of 2015, women made up just under eight percent of executive board members of the 100 largest banks in Germany. The corresponding figure for the 59 largest insurance companies ...
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one’s job reduces the willingness to take risks. This effect strengthens in previous hourly wage, begins to manifest itself as soon as an employee perceives the threat of job loss and is ...
We ended 2015 with good news: For the first time in history, the number of extremely poor people dropped below 10 percent. The new sustainable development goals and the Paris climate deal bring momentum to our effort to lift the remaining 700 million poor out of poverty while generating climate-smart economic growth. Hardly ever before did so many governments, businesses, international...
