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Performance Incentives, Performance Pressure and Executive Turnover

Subramanian, Narayanan; Chakraborty, Atreya; Sheikh, Shahbaz - EconWPA - 2002

We examine the relationship between the optimal incentive contract and the firm’s decision to fire a manager for poor performance. We first derive some theoretical results using a simple principal-agent model, and then examine the empirical evidence on the incidence of forced turnover among...

Persistent link: https://www.econbiz.de/10005413045

Firm Performance and Executive Compensation in the Savings and Loan Industry

Hermalin, Benjamin E.; Wallace, Nancy E. - EconWPA - 1997

Previous empirical analyses of the relationship between executive compensation and firm performance are often interpreted as suggesting that this relationship is weak. Although an absolute term like "weak" is ambiguous in this context, relative terms, such as "stronger," are meaningful. We argue...

Persistent link: https://www.econbiz.de/10005413065

Is the Euro Working? The Euro and European Labour Markets

Silvia, Stephen - EconWPA - 2005

Now that four years have passed since the introduction of the euro as a commercial currency, it has become possible to assess many arguments made in the abstract during the 1990s about the implications of monetary union. This contribution does precisely that. In brief, the euro zone still falls...

Persistent link: https://www.econbiz.de/10005124952

College Characteristics and the Wages of Young Women

Daniel, Kermit; Black, Dan; Smith, Jeffery - EconWPA - 1996

have positive impacts on young women's wages. We find evidence of ability sorting, but controlling for ability, women who … attend higher quality colleges earn higher wages. Women receive smaller gains from college quality than do men; black women … earn more than those who attend public colleges, and women earn lower wages, the higher the proportion of their college …

Persistent link: https://www.econbiz.de/10005125045

College Quality and the Wages of Young Men

Daniel, Kermit; Black, Dan; Smith, Jeffery - EconWPA - 1996

have substantial positive impacts on young men's wages. This finding is robust to a wide array of alternative …

Persistent link: https://www.econbiz.de/10005125048

Evaluating the effect of tax deductions on training

Leuven, Edwin; Oosterbeek, Hessel - EconWPA - 2002

wages. We find that the training rate of workers just above 40 is about 15-20 percent higher than the training rate of …

Persistent link: https://www.econbiz.de/10005125714

The role of technology in determining skilled employment: an economywide approach

Laplagne, Patrick; Marshall, Peter; Stone, Susan - EconWPA - 2001

This paper compares the role of technological change with that of trade in explaining the increased demand for skilled workers. The paper shows technology has played the dominant role in changing employment patterns in Australia. The finding is consistent across industries, including those...

Persistent link: https://www.econbiz.de/10005125725

Competitiveness and regional growth in the European Union: Disparities in unit labour costs

RODIL-MARZABAL, OSCAR - EconWPA - 2005

This paper aims at analysing the relation between competitiveness and economic growth for the period 1995-2000 (2002 for some variables). To this aim we analyse the evolution of the unit labour cost by sector (‘traded’ and ‘non-traded’ sector) and decomposition between the unit labour...

Persistent link: https://www.econbiz.de/10005125734

Why do capital intensive companies pay higher wages?

Virén, Matti - EconWPA - 2005

An obvious answer to this question is the capital-skill complementarity hypothesis originally proposed by Zwi Griliches (1969). But the relatively poor performance of this hypothesis suggests that other explanations are needed. Here we consider the labour union behaviour in the wage bargaining...

Persistent link: https://www.econbiz.de/10005125811

Wage and Income Inequality in Slovenia, 1993-2002

Stanovnik, Tine; Verbic, Miroslav - EconWPA - 2005

and the second is obtained using published data on wages and the wage distribution. Analyses of both datasets clearly show …

Persistent link: https://www.econbiz.de/10005125991