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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 …
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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 …
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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 …
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In this paper we analyze transitions in the stock markets of the US, the UK, and Germany. For all this markets we find that while the markets were focused on stocks from the IT and technology sector around the year 2000, this focus has vanished and the markets have mostly moved towards a focus...
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