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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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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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Recent long-run time series evidence for the US suggests that popular explanations for the surge in executive pay are not supported by the data. This paper explores the role of globalization for the rise in executive pay based on new firm survey data on executives and their pay in Austria and...
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