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The Real Exchange Rate and Foreign Direct Investment in the United States : Relative Wealth vs. Relative Wage Effects

Klein, Michael W. - 2010

significantly affects U.S. inward foreign direct investment. We find no evidence that relative wages have a significant impact on …

Persistent link: https://www.econbiz.de/10013134977

CEO Compensation

Frydman, Carola - 2010

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

Wage Dispersion between and within U.S. Manufacturing Plants, 1963-1986

Davis, Stephen J. - 2010

This paper exploits a rich and largely untapped source of information on the wages and other characteristics of …

Persistent link: https://www.econbiz.de/10013138351

Pay Cuts for the Boss : Executive Compensation in the 1940s

Frydman, Carola - 2011

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

Wage Effects of Unionization and Occupational Licensing Coverage in the United States

Gittleman, Maury - 2013

Recent estimates in standard models of wage determination for both unionization and occupational licensing have shown wage effects that are similar across the two institutions. These cross-sectional estimates use specialized data sets, with small sample sizes, for the period 2006 through 2008....

Persistent link: https://www.econbiz.de/10013081831

The Causal Effect of Unemployment Duration on Wages : Evidence from Unemployment Insurance Extensions

Schmieder, Johannes F. - 2013

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

Executive Compensation : Facts

Clementi, Gian Luca - 2010

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

Bank CEO Incentives and the Credit Crisis

Fahlenbrach, Rüdiger - 2010

We investigate whether bank performance during the credit crisis of 2008 is related to CEO incentives and share ownership before the crisis and whether CEOs reduced their equity stakes in their banks in anticipation of the crisis. There is no evidence that banks with CEOs whose incentives were...

Persistent link: https://www.econbiz.de/10013151644

Dynamic Incentive Accounts

Edmans, Alex - 2009

Contracts in a dynamic model must address a number of issues absent from static frameworks. Shocks to firm value may weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions may not be felt until far in the future. We derive the...

Persistent link: https://www.econbiz.de/10013156534

International Trade and Labor Income Risk in the United States

Krishna, Pravin - 2009

This paper studies empirically the links between international trade and labor income risk faced by workers in the United States. We use longitudinal data on workers to estimate time-varying individual income risk at the industry level. We then combine our estimates of persistent labor income...

Persistent link: https://www.econbiz.de/10013159518