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management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a … general equilibrium model. Empirical estimation, of the model's key parameters show that the rising management premium is … rising management premium produces income distribution dynamics at the firm level which are similar to those observed at the …
Persistent link: https://www.econbiz.de/10003754931
In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
Persistent link: https://www.econbiz.de/10003941761
(measured by appointments to top management). First, we confirm the beneficial effect of acquiring general human capital …. -- human capital ; career development ; occupations ; internal promotion ; external recruitment ; top management …
Persistent link: https://www.econbiz.de/10009307978
executive employment, which allows for a full characterization of the gender composition of executive management. We establish … that there are few women in executive management because they have lower levels of human capital, are underrepresented in …
Persistent link: https://www.econbiz.de/10010472498
evidence with external validity on a positive association between working hours and career success (measured by top management … are more beneficial for career advancement. Specifically we find: (i) for managers, working long hours will help them … increase their odds of top management appointments in the same firm, while not in a different firm, while for non …
Persistent link: https://www.econbiz.de/10011881551