Showing 1 - 10 of 91
This paper examines whether CEO stock-based compensation has an effect on the market's ability to predict future earnings. When stock-based compensation motivates managers to share their private information with shareholders, it will expedite the pricing of future earnings in current stock...
Persistent link: https://www.econbiz.de/10012995653
We study the gender pay gap in the labor market for CEOs by analysing 1,174 outsider CEO successions over the past three decades across 18 countries. We find that male and female CEOs receive a similar compensation overall but this masks marked gender differences in the pay structure: namely,...
Persistent link: https://www.econbiz.de/10014235727
We study the gender pay gap in the labor market for CEOs by analysing 1,174 outsider CEO successions over the past three decades across 18 countries. We find that male and female CEOs receive a similar compensation overall but this masks marked gender differences in the pay structure: namely,...
Persistent link: https://www.econbiz.de/10013471202
Persistent link: https://www.econbiz.de/10009518381
This paper characterizes the equilibrium for a large class of search models with two-sided heterogeneity and on-the-job search. Besides the well-known congestion externalities, we show that on-the-job search in combination with monopsonistic wage setting without commitment creates a...
Persistent link: https://www.econbiz.de/10010325559
We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs …
Persistent link: https://www.econbiz.de/10010325738
, tournament, and revenue sharing) compared to the fixed payment scheme. This difference is largely driven by productivity sorting … the sorting decision in a systematic way. Moreover, self-reported effort is significantly higher in all variable pay … representative sample. In sum, our findings underline the importance of multi-dimensional sorting, i.e., the tendency for different …
Persistent link: https://www.econbiz.de/10010334140
Gregariousness is an important aspect of human life with implications for labour market outcomes. The paper examines, to the best of our knowledge for the first time for Germany, gregariousness and social interaction at the workplace and associated wage differentials. Our empirical findings with...
Persistent link: https://www.econbiz.de/10011601005
This research note uses two German data sets the large-scale German Socio-Economic Panel and unique data from own student questionnaires to analyse the relationship between risk aversion and the choice for public sector employment. Main results are: (1) more risk averse individuals sort into...
Persistent link: https://www.econbiz.de/10010268904
We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs …
Persistent link: https://www.econbiz.de/10010276876