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Politics-business interaction paths
Belloc, Marianna; Pagano, Ugo - 2009
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10003923223
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The subversive nature of inequality : subjective inequality perceptions and attitudes to social inequality
Kuhn, Andreas - 2016
meritocratic (non-meritocratic) principles as being important in determining individual wages. This finding is robust to the use of …
Persistent link: https://www.econbiz.de/10011515432
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Buying to sell : private equity buyouts and industrial restructuring
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2013
We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block rivals from obtaining assets. These incentives...
Persistent link: https://www.econbiz.de/10009772935
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Behind the support for redistributive politics : social preferences or beliefs?
Brañas-Garza, Pablo; Cabrales, Antonio; Espinosa, … - 2024
In this paper we explore how individual social preferences correlate with political support for redistribution. We ran an incentivized experiment with a large representative sample of the Spanish population. Our participants took six decisions that elicited their social preferences. Their...
Persistent link: https://www.econbiz.de/10014632365
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011398011
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The market for CEOs
Cziraki, Peter; Jenter, Dirk - 2021
We study the market for CEOs of large publicly-traded US firms, analyze new CEOs' prior connections to the hiring firm, and explore how hiring choices are determined. Firms are hiring from a surprisingly small pool of candidates. More than 80% of new CEOs are insiders, defined as current or...
Persistent link: https://www.econbiz.de/10012546976
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CEO compensation : evidence from the field
Edmans, Alex; Gosling, Tom; Jenter, Dirk - 2021
We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints...
Persistent link: https://www.econbiz.de/10012584217
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Globalization, wage polarization, and the unstable great ratio
Cozzi, Guido; Impullitti, Giammario - 2014
The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...
Persistent link: https://www.econbiz.de/10010417976
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Can subsidising job-related training reduce inequality?
Angelopulos, Kōnstantinos; Benecchi, Andrea; Malley, … - 2017
A well-established stylised fact is that employer provided job-related training raises productivity and wages. Using UK … very effective in reducing inequality, measured as the distance between skilled and unskilled wages and incomes. …
Persistent link: https://www.econbiz.de/10011704691
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The intergenerational transmission of risk and trust attitudes
Dohmen, Thomas (contributor); Falk, Armin (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003712501