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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/10013079155
Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10012984836
Different empirical studies suggest that the structure of employment in the U.S. and Great Britain tends to polarise into "good" and "bad" jobs. We provide updated evidence that polarisation also occurred in Germany since the mid-1980s until 2008. Using representative panel data, we show that...
Persistent link: https://www.econbiz.de/10013130457
I identify wage spillovers from the public to the corporate sector with the help of a large and sudden public sector wage increase, which raised real compensation by 40 percent in two years, changing the average public wage premium from minus 10 to plus 12 percent. Using a dataset covering about...
Persistent link: https://www.econbiz.de/10013077321
We examine the interactions between public and private sector wages per employee in OECD countries. The growth of … public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover, total … private sector wages. We then set up a dynamic labour market equilibrium model with two sectors, search and matching frictions …
Persistent link: https://www.econbiz.de/10013135825
The two key predictions of hedonic wage theory are that there is a trade-off between wages and nonmonetary rewards and …
Persistent link: https://www.econbiz.de/10013136028
Improving schools depends on attracting high-caliber teachers and increasing retention, both made possible by appealing to teacher preferences. I deploy a discrete-choice experiment in a setting where teachers have reason to reveal their preferences. There are three main findings: (1) I...
Persistent link: https://www.econbiz.de/10012837321
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/10012906526
We study the performance effects of payment schemes for freelancers offering services on an online platform in an RCT. Under the initial scheme, the firm pays workers a pure sales commission. The intervention reduces the commission rate and adds a fixed payment per processed order to insure...
Persistent link: https://www.econbiz.de/10012861286
We study the nature of firm pay dynamics. To this end, we propose a statistical model that extends the seminal framework by Abowd, Kramarz and Margolis (1999) to allow for idiosyncratically time-varying firm pay policies. We estimate the model using linked employer-employee data for Sweden from...
Persistent link: https://www.econbiz.de/10013406449