An Analysis of the Determinants of Managerial Pay in the Czech Republic.

The purpose of this paper is to examine the seterminants of the variation in Czech managers' pay levels. Among the questions we attempt to answer are: Are the managers in state-owned firms compensated differently than those in private owned firms? How much of the difference in pay is explained by differences in individual characteristics and job levels? What is the importance of the regional location ot the industry affiliation of the firms for managerial pay differentials? For this purpose we use data from a cross-section of Czech managers in 1996 and estimate earnings equations augmented with a host explanatory vaiable related to firm and job characteristics.