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Does it matter who pays for ratings? Yes, but not for the rating agencies’ behavior. These are the findings of our experiment where we analyze the effect of the remuneration model of rating agencies on their assessments as well as on investors’ and issuers’ behavior. First, we find that rating agencies’ assessments are comparable whether the agency is (partially) paid by issuers, investors or solely ...
In:
German Economic Review
16 (2015), 3, 324-342
| Christoph Bühren, Marco Pleßner
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In order to analyze if heterogeneity in psychological traits affects individual performance in sequential tournaments, we conducted a tennis field experiment. In the experiment, we also varied the payment schemes (individual, team, competition) to control for moderating effects of different incentives. Team incentives, risk taking, and self-esteem reduced performance whereas a preference towards competition ...
Aachen, Gießen, Göttingen, Kassel, Marburg, Siegen:
RWTH Aachen, Justus-Liebig-Universität Gießen, Georg-August-Universität Göttingen, Universität Kassel, Philipps-Universität Marburg, Universität Siegen,
2017,
(Joint Discussion Paper Series in Economics No. 05-2017)
| Christoph Bühren, Philip J. Steinberg
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The legal regulations require the minimum wage in Germany to be adjusted biennially which gives rise to a policy discontinuity. From the perspective of rational expectations models, such policy features render standard local approximation techniques infeasible. The article presents a stylized model in which negotiated wages and corporate profits are the outcome of an optimization problem, while changes ...
In:
Applied Economics Letters
24 (2017), 15, 1121-1126
| Dirk Bursian
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Syracuse:
Syracuse University, Maxwell School,
2004,
(Luxembourg Income Study Working Paper No. 394)
| Gary Burtless
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Luxembourg:
Luxembourg Income Study (LIS),
2008,
(Luxembourg Income Study Working Paper No. 489)
| Gary Burtless, Janet C. Gornick, Timothy M. Smeeding
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In:
Review of Income and Wealth
53 (2007), 3, 460-483
| Peter Burton, Shelley Phipps
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The study examines micro-level determinants of the occupational gender segregation, analyzing work values and their effects on gender (a)typical occupational preferences of adolescents. Human capital theory assumes that women develop higher preferences for a good work/life-balance in youth, whereas men develop higher extrinsic work values. Socialization theory predicts that female adolescents form ...
Bielefeld:
Universität Bielefeld,
2011,
(SFB 882 Working Paper Series No. 2)
| Anne Busch
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In:
BGSS Newsletter
May 2013 (2013), 4, 7
| Anne Busch
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In:
Weekly Report
4 (2008), 6, 36-41
| Anne Busch, Elke Holst
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The study analyses the gender pay gap in private-sector management positions based on the German Socio-Economic Panel Study (SOEP) for the years 2001-2008. It focuses on occupational gender segregation, and on the effects of this inequality on earnings levels and gender wage differentials in management positions. Our paper is, to our knowledge, the first in Germany to use time-constant unobserved heterogeneity ...
Berlin:
DIW Berlin,
2011,
(SOEPpapers 357)
| Anne Busch, Elke Holst