Showing 1 - 10 of 86
higher marginal rate of substitution of current wages for future wages. Incidentally, a survey of several hundred …
Persistent link: https://www.econbiz.de/10013132747
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10013135394
strong evidence of rent-sharing, with a "Lester range" of variation in wages between profitable and unprofitable firms of …
Persistent link: https://www.econbiz.de/10013140998
Executive pay fell during the 1940s, marking the last notable decrease in the past 70 years. We study this decline using a new panel dataset on the remuneration of top executives in 246 firms. We find that government regulation--including explicit salary restrictions and taxation--had, at best,...
Persistent link: https://www.econbiz.de/10013121089
attributed to service-sector wages, consistent with a dominant role of the retail distribution margin. Second, at the level of … individual goods and services, the average contribution of service-sector wages is significantly reduced, one-third as large (31 … consistent with the notion that baby-sitting services and haircuts embody local wages to a far greater extent than highly traded …
Persistent link: https://www.econbiz.de/10013086670
This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI … paper shows that UI extensions at age thresholds reduced reemployment wages of job searchers in Germany. The UI extensions …
Persistent link: https://www.econbiz.de/10013071300
We study the short-term trajectories of employment, hours worked, and real wages of immigrants in Canada and the U … growth in employment and wages in the U.S. than in Canada. We further compare longitudinal and cross-sectional trajectories …
Persistent link: https://www.econbiz.de/10013014672
The magnitude of and heterogeneity in systematic earnings risk has important implications for various theories in macro, labor, and financial economics. Using administrative data, we document how the aggregate risk exposure of individual earnings to GDP and stock returns varies across gender,...
Persistent link: https://www.econbiz.de/10012963164
Using linked employer-employee data for the U.S., we examine whether shocks to firm revenues are transmitted to the earnings of continuing employees. While full insurance is rejected, the elasticity of worker earnings with respect to persistent shocks in firm revenues is small and consistent...
Persistent link: https://www.econbiz.de/10012964398
In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Important facts about compensation are that: the compensation distribution is highly skewed; each year, a sizeable...
Persistent link: https://www.econbiz.de/10013150549