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Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average...
Persistent link: https://www.econbiz.de/10009766261
extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards … perspective. We also examine that certain parts of managers seem to have more power to influence their compensation than others …. Inequality in managers' compensation decreased during the crisis. …
Persistent link: https://www.econbiz.de/10009754706
This study examines how career interruptions and subsequent wages of employees are related. Using individual panel data … of middle managers from the German chemical sector, we are able to differentiate between different reasons for …
Persistent link: https://www.econbiz.de/10011641615
This paper investigates preferences for limiting top incomes and wealth through a surveybased experiment with a large sample of participants (N = 3,954) from the US and Germany. Using a revealed preferences approach, we find that a significant majority (around 85%) of participants support income...
Persistent link: https://www.econbiz.de/10014637223
We investigate two-way causality between health and the hourly wage by employing insights from the human capital and compensating wage differential models, a panel formed from the National Longitudinal Survey of Youth 1997, and dynamic panel estimation methods in this investigation. We uncover a...
Persistent link: https://www.econbiz.de/10011949107
workers managed. We find that when managers are paid fixed wages, they favor workers to whom they are socially connected …We present evidence on the effect of social connections between workers and managers on productivity in the workplace … engineered an exogenous change in managerial incentives, from fixed wages, to bonuses based on the average productivity of the …
Persistent link: https://www.econbiz.de/10003793735
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 …
Persistent link: https://www.econbiz.de/10011333286
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
An influential strand of research has tested for the effects of immigration on natives' wages and employment using …
Persistent link: https://www.econbiz.de/10011664509
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