Dr. Manfred C. Hettlage, Publizist in München, geht in seinem Kommentar der Frage nach, inwieweit hohe Zuwachsraten des Bruttosozialproduktes und der Löhne der Vergangenheit angehören.

Taking a cross-national comparative perspective, this study analyses differences in individual determinants of the low-wage risk across institutional settings. It builds on previous research that dealt with the impact of labour market reform measures on the distribution of labour market risks in...

Immer wieder geraten Gesellschaften in eine wirtschaftliche Krise. In diesem Fall ist nicht nur die Geschäftsleitung, sondern auch der Aufsichtsrat als beratendes und mitentscheidendes Organ des Unternehmens in der Verantwortung. In der Krise muss der Aufsichtsrat nicht nur seine Instrumente...

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more monitoring, which requires more managers. The model also...

The elapsed time taken to earn a Ph.D. in economics is analyzed with data from 620 (of about 950) 1996-97 Ph.D.s. The median is 5.3 years. A duration model indicates that those students at several of the most highly regarded programs, those supported by no-work fellowships, and those holding a...

This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...

In the middle of the nineties, the sharp increase in globalisation and the last privatization wave have promoted the shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model is simulated in order to assess to what extend such a...

This paper examines the relationship between teacher unionization, student achievement and teachers' pay using a cross-section of data from private schools in India. We use differences in student mark across subjects to identify within-pupil variation in achievement and find that union...