Showing 1 - 10 of 220
Persistent link: https://www.econbiz.de/10003635226
Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use...
Persistent link: https://www.econbiz.de/10011544177
, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of … aggregate employment. -- structural models ; heterogeneous firms ; fair wages ; labour market imperfections ; exporter wage …
Persistent link: https://www.econbiz.de/10009581985
with the evolution in executive pay and the market for managers during earlier time periods. A case study of General … managers …
Persistent link: https://www.econbiz.de/10003790763
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/10003749481
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/10003751204
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
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
-wage profile is much steeper than in domestic firms, especially for managers as opposed to blue-collar workers. Second, the higher … lifetime wage income for managers in internationally active firms relies on the stronger accumulation of experience that these … domestic firms is relevant also at a more aggregate level to explain cross-sectional differences in wages among workers and …
Persistent link: https://www.econbiz.de/10012249047
Asymmetric persistence of accounting income is often tested in a regression of changes in earnings on lagged changes in earnings, including an interaction term for negative changes (see Basu [1997] or Ball et al. [2009] for a recent overview). In this note we propose an alternative, but closely...
Persistent link: https://www.econbiz.de/10003940082