Jasso, Guillermina; Milgrom, Eva M. Meyersson - Institute for the Study of Labor (IZA) - 2007
This paper develops a framework for studying individuals’ ideas about what constitutes just compensation for chief … compensation, including (1) the just CEO compensation, in the eyes of each observer; (2) the principles of microjustice - observers … - ideas about the just level and dispersion in compensation across all CEOs. Our estimates yield the following main results …