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This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...
Persistent link: https://www.econbiz.de/10003863657
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
State merit aid programs have been found to reduce the likelihood that students attend college out-of-state. Using the U.S. News & World Report rankings of colleges and universities to measure college quality and Integrated Postsecondary Education Data System data to measure enrollment, we...
Persistent link: https://www.econbiz.de/10011346588
After the collapse of Communism in Central and Eastern Europe, former party members were particularly likely to start businesses and become entrepreneurs. However, it remains unclear whether this entrepreneurial activity was driven by the resources, information and opportunities provided by...
Persistent link: https://www.econbiz.de/10012136956
Applications to elite US colleges have more than doubled over the past 20 years, with little change in the number of … empirical analysis. Viewed through the lens of the model, stability in the share of LA admits implies that elite colleges treat …
Persistent link: https://www.econbiz.de/10012118985
, encountering three years of droughts in childhood reduces an elite's life span by about two years. A remarkably important channel …
Persistent link: https://www.econbiz.de/10012120615
I take advantage of a sharp discontinuity in the probability of admission to an elite university at the admission score …. Cumulated over fifteen years, the time span of income data for my sample, the net premium of attending the elite university …
Persistent link: https://www.econbiz.de/10011531928
We explore recent policy changes which aim to equalize access to elite elementary schools in Beijing, to identify the … key elementary schools through lotteries, the policy of school federation led by elite schools consolidates ordinary … primary schools through alliance with elite schools. Moreover, the designated primary school for a residential complex can …
Persistent link: https://www.econbiz.de/10012158818
We study the effect of former Communist party membership on paying bribes to public officials and motivations for bribery, 25 years after the fall of communist rule. Data come from a large representative survey, conducted in post-socialist countries in 2015/16. To deal with endogeneity, we...
Persistent link: https://www.econbiz.de/10011872640
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...
Persistent link: https://www.econbiz.de/10011401091