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We study the role of firm- and manager-specific heterogeneities in executive compensation. We decompose the variation in executive compensation and find that time invariant firm and especially manager fixed effects explain a majority of the variation in executive pay. We then show that in many...
Persistent link: https://www.econbiz.de/10013120991
We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods and interacts with agents from the previous and next generations via a coordination game. Social norms emerge as patterns of behavior that are stable in part due to agents'...
Persistent link: https://www.econbiz.de/10013124659
While the relationship between adverse health shocks and health care utilization has been studied extensively, next to nothing is known about the effect of health shocks on religiosity, which may serve as an alternative to secular psychological services and interventions. Filling this gap in...
Persistent link: https://www.econbiz.de/10012911702
We model religious faith as a "demand for beliefs," following the logic of the Pascalian wager. We then demonstrate how an experimental intervention can exploit standard elicitation techniques to measure religious belief by varying prizes associated with making choices contrary to one's belief...
Persistent link: https://www.econbiz.de/10013224394
What are the consequences of electing a female leader for policy and political outcomes? We answer this question in the context of U.S. cities, where women's participation in mayoral elections increased from negligible numbers in 1970 to about one-third of the elections in the 2000's. We use a...
Persistent link: https://www.econbiz.de/10013117391
The US Civil War provides researchers a unique opportunity to identify wartime leaders and thus to test theories of leadership. By observing both leaders and followers during the war and forty years after it, I establish that the most able became wartime leaders, that leading by example from the...
Persistent link: https://www.econbiz.de/10013120320
A theory of leadership is proposed and tested. Leaders are characterized as those who have the ability to choose the … right direction more frequently than their peers. The theory implies that leaders tend to be more able, place themselves in … highest variance industries, where decision making has the greatest payoff. The theory is tested using data on Stanford …
Persistent link: https://www.econbiz.de/10013069965
In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...
Persistent link: https://www.econbiz.de/10012759844
Which managerial skills, traits, and practices matter most for productivity? How does the observability of these features affect how appropriately they are priced into wages? Combining two years of daily, line-level production data from a large Indian garment firm with rich survey data on line...
Persistent link: https://www.econbiz.de/10012870084
Numerous evaluations show that conditional cash transfer programs change households' investments in their young children, but there are many open questions about how such changes can be sustained after transfers end. This paper analyzes the role of social interactions with local female leaders...
Persistent link: https://www.econbiz.de/10012978513