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To study the role of talent in finance workers' pay, we exploit a special feature of the French higher education system. Wage returns to talent have been significantly higher and have risen faster since the 1980s in finance than in other sectors. Both wage returns to project size and the...
Persistent link: https://www.econbiz.de/10012905021
We quantify firm heterogeneity in skill returns and present direct evidence of worker–firm complementarities. Within a model of firms' demand for cognitive and noncognitive attributes we show that identification depends on the availability of skill measures. Linking administrative data to test...
Persistent link: https://www.econbiz.de/10014442305
In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...
Persistent link: https://www.econbiz.de/10003754931
Persistent link: https://www.econbiz.de/10011447097
American business seems to be infatuated with its workers' "leadership" skills. Is there such a thing, and is it rewarded in labor markets? Using the Project Talent, NLS72 and High School and Beyond datasets, we show that men who occupied leadership positions in high school earn more as adults,...
Persistent link: https://www.econbiz.de/10011411183
Persistent link: https://www.econbiz.de/10001483938
We examine the relationship between wages and skill requirements in a sample of over 50,000 managers in 39 companies …
Persistent link: https://www.econbiz.de/10012471020
order of magnitude larger for owners and managers compared to other types of skilled workers. We interpret this to imply … by choosing to employ more levels of management. These managers require a higher average skill level and command a higher … average skill premium. Additionally, our model predicts that skill premium is increasing in the ratio of workers to managers …
Persistent link: https://www.econbiz.de/10012954536
We examine the relationship between wages and skill requirements in a sample of over 50,000 managers in 39 companies …
Persistent link: https://www.econbiz.de/10013216102
workers, I use text analysis of 10-K statements to show that managers of nonroutine workforces focus relatively more on …
Persistent link: https://www.econbiz.de/10013034634