Frederiksen, Anders; Poulsen, Odile - 2008
production capacity. Second, we assume, as do Lucas (1978) and Rosen
(1982) that workers in non-management jobs have limited … discretion over re-
sources and hence are less productive than employees in management jobs
who control resources. Thus yLN < yHN …IZA DP No. 3676
Management Compensation and Firm-Level
Income Inequality
Anders Frederiksen
Odile Poulsen
DISCUSSION P …
