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. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this … evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then …
Persistent link: https://www.econbiz.de/10011994821
This paper offers a new approach to the study of capitalist income. Building on the "capital as power" framework, I … hierarchy. In short, I hypothesize that capitalist income stems from hierarchical power. Based on this thinking, I hypothesize … that the capitalist fraction of an individual's income is a gradient function of hierarchical power (which I define as the …
Persistent link: https://www.econbiz.de/10011888765
This paper proposes a new "power theory" of personal income distribution. Contrary to the standard assumption that … income is proportional to productivity, I hypothesize that income is most strongly determined by social power, as indicated … income and power, this paper is the first to quantify this relation. I propose that power can be quantified in terms of the …
Persistent link: https://www.econbiz.de/10011753887
. As we see it, the root of our ecological problems lies not in the "economy", but in the hierarchical power structure of …
Persistent link: https://www.econbiz.de/10012127015
hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from … workers. Specifically, I hypothesize that individual income increases with hierarchical power, as does the share of individual … extrapolates the CEO data. The results indicate that income tends to increase with hierarchical power, as does the capitalist …
Persistent link: https://www.econbiz.de/10012127049
But what billionaires don’t like is for people to understand how they wield power. On that front, behind ever billionaire … of information about how the rich wield power. In this post, we’ll begin to explore the data by mapping the ownership …
Persistent link: https://www.econbiz.de/10014299393
Human capital theory is the dominant approach for understanding personal income distribution. According to this theory, individual income is the result of “human capital”. The idea is that human capital makes people more productive, which leads to higher income. But is this really the case?...
Persistent link: https://www.econbiz.de/10011941908
. As we see it, the root of our ecological problems lies not in the ‘economy’, but in the hierarchical power structure of …
Persistent link: https://www.econbiz.de/10011992064
. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this … evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then …
Persistent link: https://www.econbiz.de/10012001846
This paper proposes a new ‘power theory’ of personal income distribution. Contrary to the standard assumption that … income is proportional to productivity, I hypothesize that income is most strongly determined by social power, as indicated … income and power, this paper is the first to quantify this relation. I propose that power can be quantified in terms of the …
Persistent link: https://www.econbiz.de/10011687938