Introduction / Peter T. Chinloy and Ernst W. Stromsdorfer -- A comparison of labor market equilibria under different institutional organizations / Nicholas H. Kiefer -- Wage flexibility in the United States and Japan / Masanori Hashimoto and John Raisian -- The impact of international trade...

We find that companies dramatically raise their incumbent executives' pay, especially equity-based pay, after losing executives to other firms. The pay raise is larger when incumbent executives have greater employment mobility in the labor market, when companies lose senior executives, and when...

1 Introduction -- I Theoretical Framework: Institutions and the Labor Market -- 2 A Comparison of Labor Market Equilibria Under Different Institutional Organizations -- II Observed Dislocation: International Comparisons -- 3 Wage Flexibility in the United States and Japan -- 4 The Impact of...