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French CEO Compensations: What is the Cost of a Mandatory Upper Limit?
Llense, Fabienne - CESifo - 2008
In the middle of the nineties, the sharp increase in globalisation and the last privatization wave have promoted the shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model is simulated in order to assess to what extend such a...
Persistent link: https://www.econbiz.de/10005405777
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How Much Sunlight Does it Take to Disinfect a Boardroom? A Short History of Executive Compensation Regulation
Dew-Becker, Ian - CESifo - 2008
This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...
Persistent link: https://www.econbiz.de/10005181351
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Optimal Incentive Contracts For a Worker Who Envies His Boss
Dur, Robert; Glazer, Amihai - CESifo - 2004
awarded stock options, why incentive pay is usually lower in non-profit organizations, and higher in larger firms. Envy may …
Persistent link: https://www.econbiz.de/10005765867
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Measuring the Consumption Value of Higher Education
Alstadsæter, Annette - CESifo - 2009
This paper argues that the consumption value of education is an important motivation for the educational choice. While controlling for ability, we document that individuals are willing to forego substantial future wage returns in order to acquire a particular type of higher education. We...
Persistent link: https://www.econbiz.de/10008533984
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The Consumption Value of Higher Education
Alstadsæter, Annette; Sievertsen, Hans Henrik - CESifo - 2009
The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10008534058
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The Willingness to Pay for Job Amenities: Evidence from Mothers' Return to Work
Felfe, Christina - CESifo - 2009
This study is the first to estimate mothers’ marginal willingness to pay (MWP) for job amenities directly. Its identification strategy relies on German maternity leave length. The key aspect of the maternal leave framework is that mothers can decide whether and when to return to their...
Persistent link: https://www.econbiz.de/10005010151
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CEO Compensation
Frydman, Carola; Jenter, Dirk - CESifo - 2010
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10008799732
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Profit Sharing and Relative Consumption
Goerke, Laszlo - CESifo - 2012
Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal … labour costs without reducing total cost or labour income. In this paper, we show that profit sharing can also represent a … Pareto-improvement if labour supply is excessive due to relative consumption effects. Mandatory profit sharing reduces wages …
Persistent link: https://www.econbiz.de/10010877685
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Can Profit Sharing Lower Flexible Outsourcing? A Note
Koskela, Erkki; König, Jan - CESifo - 2009
the implementation of profit sharing influence flexible outsourcing? We show that in general profit sharing has a negative … a constant effort level will result so that in this case firm’s optimal choice of profit sharing is zero. …
Persistent link: https://www.econbiz.de/10005000374
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Flexible Outsourcing, Profit Sharing and Equilibrium Unemployment
Koskela, Erkki; König, Jan - CESifo - 2008
We analyze the questions associated with flexible outsourcing both with committed and flexible profit sharing under … imperfect domestic labour markets. How does profit sharing influence flexible outsourcing? What is the relationship between … outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in …
Persistent link: https://www.econbiz.de/10005406397