Financial sector compensation and excess risk-taking—a consideration of the issues and policy lessons
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References listed on IDEAS
- Thomas Philippon & Ariell Reshef, 2009.
"Wages and Human Capital in the U.S. Financial Industry: 1909-2006,"
NBER Working Papers
14644, National Bureau of Economic Research, Inc.
- Philippon, Thomas & Reshef, Ariell, 2009. "Wages and Human Capital in the U.S. Financial Industry: 1909-2006," CEPR Discussion Papers 7282, C.E.P.R. Discussion Papers.
- Kempf, Alexander & Ruenzi, Stefan & Thiele, Tanja, 2009.
"Employment risk, compensation incentives, and managerial risk taking: Evidence from the mutual fund industry,"
Journal of Financial Economics,
Elsevier, vol. 92(1), pages 92-108, April.
- Kempf, Alexander & Ruenzi, Stefan & Thiele, Tanja, 2008. "Employment risk, compensation incentives and managerial risk taking: Evidence from the mutual fund industry," CFR Working Papers 07-02, University of Cologne, Centre for Financial Research (CFR).
- Jeffrey M. Lacker, 2009. "What Lessons Can We Learn from the Boom and Turmoil?," Cato Journal, Cato Journal, Cato Institute, vol. 29(1), pages 53-63, Winter.
- Raghuram G. Rajan, 2005. "Has financial development made the world riskier?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Aug, pages 313-369.
- James Crotty, 2010. "The Bonus-Driven “Rainmaker” Financial Firm: How These Firms Enrich Top Employees, Destroy Shareholder Value and Create Systemic Financial Instability (revised)," Working Papers wp209_revised3, Political Economy Research Institute, University of Massachusetts at Amherst.
More about this item
Keywordsfinancial market compensation; financial institutions; excess risk-taking; magnitude and structure of pay; governance of compensation; labour market mobility; regulation;
- G1 - Financial Economics - - General Financial Markets
- G2 - Financial Economics - - Financial Institutions and Services
- G3 - Financial Economics - - Corporate Finance and Governance
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
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