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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. Notable facts are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief...
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, success during the period can also be attributed with other factors such as the management of the club, talent identification …
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We define the wage incentive to management as the wage premium the manager earns because of his/her supervising role … wages for 26 European economies. To ease comparisons we make use of the European Union Statistics on Income and Living … Conditions inquiry released in 2009. The premium is found to be higher at the right tail of the distribution of wages, suggesting …
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, while the most able managers obtain a wage increase, less able managers are faced with a reduction in wages. Hence our model …
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