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unionization in an industry and region and a higher union wage differential are associated with fewer managers. (2) Managers wages …We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more …
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There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10003779098
, based on justice theory and making use of Rossi's factorial survey method, enables assessment of ideas of fairness in CEO … attentiveness among MBA students and tolerance for large variability in CEO pay. -- Justice theory ; fairness ; CEO compensation …
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partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …
Persistent link: https://www.econbiz.de/10010510508
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian fulltime workers with permanent contracts, on...
Persistent link: https://www.econbiz.de/10010457884
heterogeneity leading to a set of wages. We focus on the application where hedonic models have been most successful at clarifying … dimensions of heterogeneity in VSL, including by age and consumption plans, the latent trait that affects wages and job safety … safety efficiently compared to mandatory injury insurance with experience rated premiums. The simulations reveal how …
Persistent link: https://www.econbiz.de/10008688722