We present a simple theory of the quality of elected officials. Quality has (at least) two dimensions: competence and … lower than the market wages of high-quality citizens (competence), and/or because they reap higher returns from holding …

, we use a combination of lab, field, and survey evidence to study whether these two types of behaviour are indeed linked … behaviour in cashing the check and completing tasks on time. Our results lend support to the hypothesis that subjects who have a …

firms’ dynamic behaviour in factor markets. …

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

We provide evidence on the match between firms, managers and incentives using a new survey designed for this purpose … managers are heterogeneous. Following the sources of heterogeneity observed in the data, we assume that firms differ by … than non-family firms. Managers differ in their degree of risk aversion and talent. The entry of firms and managers, the …

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

based on a matching procedure. Only 7% of top-level Czech managers are women and their wages are about 20 percent lower even …