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We analyze the effect of CEO pay disclosure on wage distribution by exploiting a 1998 reform requiring Italian publicly listed companies to disclose top executives' compensation. In firms where CEOs disclose high total compensation, the top 5 percent and 1 percent of the within-firm wage...
Persistent link: https://www.econbiz.de/10015050833
We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …
Persistent link: https://www.econbiz.de/10003858876
Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and...
Persistent link: https://www.econbiz.de/10011413818
efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …
Persistent link: https://www.econbiz.de/10001545528
perform a large "ab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and employees … (n = 2288). The results indicate that entrepreneurs perceive themselves as less risk averse than managers and employees …
Persistent link: https://www.econbiz.de/10010418889
experiment among 100s of entrepreneurs, managers and employees. Our experimental results show that entrepreneurs are indeed more … curiosity. Our empirical test results show that (i) entrepreneurs score indeed higher, on average, than managers and employees …
Persistent link: https://www.econbiz.de/10011607388
power of landowner relationship networks and lobbying behaviour on successfully gaining value-enhancing rezoning. A State …
Persistent link: https://www.econbiz.de/10010516454
the constituent ethnic groups. Our theory highlights the role of the local elite in lobbying for policies which favour … coordination costs across ethnic groups are relevant in determining the equilibrium lobbying behaviour. This results in ethnic …
Persistent link: https://www.econbiz.de/10012430676
political power at the expenses of the median voter. In particular, investments in lobbying activities allow the rich to obtain … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a … balanced growth path, characterized by constant taxes and lobbying (and a constant growth rate of consumption and capital …
Persistent link: https://www.econbiz.de/10014461501
across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we … measure historical lobbying and document several stylized facts. First, lobbying over industrial policies follows a hump …
Persistent link: https://www.econbiz.de/10014545117