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Age-adjusted measures of earnings inequality in the United States, 1980-2010

Schirle, Tammy - In: Economics Bulletin 32 (2012) 3, pp. 2662-2669

I demonstrate a simple procedure for creating age-adjusted earnings distribution statistics, using US data and recentered influence function regression methods. As the baby boom generation has moved toward the latter part of their career, earnings distribution statistics for the working age...

Persistent link: https://www.econbiz.de/10011278514

MACRO-ECONOMETRIC MODELS OF SUPPLY AND DEMAND: INDUSTRY, TRADE AND WAGES IN 6 COUNTRIES, 1960-2012

Guisan, M.C. - In: Applied Econometrics and International Development 13 (2013) 2, pp. 45-56

We analyse the impact of industry on non industrial production, as well as its effect on wages and employment in 6 OECD countries: France, Germany, Italy, Spain, the United Kingdom and the United States for the period 1960-2012. Our approach to macro-econometric modelling have into account both...

Persistent link: https://www.econbiz.de/10010748308

Global rebalancing: Effects on trade and employment

Mayer, Jörg - In: Journal of Asian Economics 23 (2012) 6, pp. 627-642

A sustained reduction of global current-account imbalances must include a decline in the share of household consumption in aggregate demand in the United States and the opposite development in China. Accordingly, import demand would decline in the United States and increase in China. Given...

Persistent link: https://www.econbiz.de/10011042797

Long-Term Contracts in Major League Baseball

Hakes, Jahn Karl - 2008

Long-term deals are one tool that both players and franchises use to manage risk. That tool has been much discussed and empirically tested with respect to player shirking, and has more briefly, and only theoretically, discussed with respect to reducing variance in future payrolls. Our work looks...

Persistent link: https://www.econbiz.de/10012722467

Stock-Based Compensation and CEO (Dis)Incentives

Benmelech, Efraim - 2008

Stock-based compensation is the standard solution to agency problems between shareholders and managers. In a dynamic rational expectations equilibrium model with asymmetric information we show that although stock-based compensation causes managers to work harder, it also induces them to hide any...

Persistent link: https://www.econbiz.de/10012724929

Managerial Incentives, Fraud, and Monitoring

Robison, H. David - 2008

Equity-based compensation, while inducing greater managerial effort, also provides incentives for managers to fraudulently inflate a firm's stock price. This paper examines the owners' optimal contract in the face of these conflicting incentives when it is sometimes possible for the manager to...

Persistent link: https://www.econbiz.de/10012727398

Is it Ability or Size Alone Which Explains High Executive Pay in Large Firms? New Evidence on the 'Cloning' Hypothesis

Oetomo, Teddy - 2008

We present new direct empirical evidence in support of Rosen's (1982) 'cloning' hypothesis, explaining the overwhelming firm size-executive pay effect in terms of a predicted greater superiority in managerial talent the larger is the firm. We show that executives from better performing firms are...

Persistent link: https://www.econbiz.de/10012728149

Handling the 'Biggest Losers' : Compensation in Entrepreneurial Politics

Aldrich, Daniel P. - 2007

Conventional theories about compensation to losers posit that assistance to groups adversely affected by entrepreneurial politics remains static within regimes and across sectors. In contrast, this paper hypothesizes that assistance to those adversely affected by policies depends on...

Persistent link: https://www.econbiz.de/10012730194

Governance Reform, Share Concentration and Financial Reporting Transparency in Mexico

Price, Richard A. - 2006

We examine how financial reporting transparency and quality of Mexican firms vary with corporate governance. We utilize compliance data from the Code of 'Best' Corporate Practices, disclosed annually by public firms in Mexico. We document a significant increase in compliance over the 2000-2004...

Persistent link: https://www.econbiz.de/10012733790

Turbulent Firms, Turbulent Wages?

Comin, Diego - 2006

rise in volatility of firm performance documented in research by Comin and Mulani and others.After examining models that … explain the relationship between firm and wage volatility, we investigate this linkage in three complementary panel data sets … churning as an explanation for the link to firm performance in high-frequency (over spans of five years) wage volatility …

Persistent link: https://www.econbiz.de/10012734259

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