We test under what circumstances boards discipline managers and whether such interventions improve performance. We …

lead to higher inequality across firms, increased segregation of labour markets and decreased within-firm inequality. This … workplace systems. Our results suggest that HPWOs increase both across and within firm inequality. We do not find evidence …

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the … possible rationale for recent inequality developments. …

to large changes in welfare. I then feed the model with an additional assumption: managers are employment friendly. This …

constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

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 …