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levels, there is a strong positive association between experience and relative earnings, there is either no association or a …
Persistent link: https://www.econbiz.de/10012478541
earnings by the entire nominal employer share of the tax increase. If wages play a motivational role but the market still … which labor supply is perfectly elastic, and thus earnings rise by more than the worker's nominal share. The 1968, 1974 and … 1979 increases in the taxable earnings base for FICA provide good opportunities to test the models. This tax increase …
Persistent link: https://www.econbiz.de/10012469163
A common view of CEO compensation is that there is essentially no correlation between firm performance and CEO pay. This calls into question an important component of effective corporate governance. This zero correlation' belief is based on the widely cited result that CEO wealth rises by only...
Persistent link: https://www.econbiz.de/10012472597
The paper uses CPS data from 1964 to 1985 to test for the existence of rent-sharing in US tabor markets, Using an unbalanced panel from the manufacturing sector, and random-effects and fixed-effects specifications, the paper finds that changes in wages are explained by movements in lagged levels...
Persistent link: https://www.econbiz.de/10012474741
This paper analyzes the linkages among group incentive methods of compensation, labor practices, worker assessments of workplace culture, turnover, and firm performance in a non-representative sample of companies: firms that applied to the "100 Best Companies to Work For in America" competition...
Persistent link: https://www.econbiz.de/10012460913
Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...
Persistent link: https://www.econbiz.de/10014447307
We examine whether the Securities Exchange Act of 1934 increased the information content of corporate earnings … yields mixed results. We focus on whether the Act increased earnings informativeness, improving upon prior designs by … focusing on short earnings announcement windows and employing a difference-in-differences design to control for potential …
Persistent link: https://www.econbiz.de/10012938716
Recent data present a puzzle: the ratio of corporate tax losses to positive income was much higher around 2001 than in earlier recessions. Using a comprehensive 1982-2005 sample of U.S. corporation tax returns, we explore a variety of potential explanations for this surge in tax losses, taking...
Persistent link: https://www.econbiz.de/10012464242
According to the U.S. external accounts, U.S. investors earn a significantly higher rate of return on their foreign investments than foreigners earn in the United States. This continued strong performance has produced a positive net investment income balance despite the deterioration in the U.S....
Persistent link: https://www.econbiz.de/10012465337
Previous empirical studies that have examined the links between pharmaceutical price controls, profits, cash flows, and investment in research and development (R&D) have been largely based on retrospective statistical analyses of firm- and/or industry-level data. These studies, which have...
Persistent link: https://www.econbiz.de/10012467571