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Risk and the CEO market : why do some large firms hire highly-paid, low-talent CEOS?
Edmans, Alex; Gabaix, Xavier - 2010
Persistent link: https://www.econbiz.de/10003968996
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Risk and the CEO market : why do some large firms hire highly-paid, low-talent CEOs?
Edmans, Alex; Gabaix, Xavier - 2010
Persistent link: https://www.econbiz.de/10003991695
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Risk and the CEO market : why do some large firms hire highly-paid, low-talent CEOs?
Edmans, Alex; Gabaix, Xavier - 2010
Persistent link: https://www.econbiz.de/10010251468
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Risk and the CEO Market : Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
Edmans, Alex - 2010
This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and … distorted by the agency problem as firms involving higher risk or disutility choose less talented CEOs. Such firms also pay … higher salaries in the cross-section, but economy-wide increases in risk or the disutility of being a CEO (e.g. due to …
Persistent link: https://www.econbiz.de/10012462666
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Risk and the CEO market : why do some large firms hire highly-paid, low-talent CEOs?
Edmans, Alex; Gabaix, Xavier - 2010
Persistent link: https://www.econbiz.de/10003967785
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Risk and the CEO Market : Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOS?
Edmans, Alex - 2010
This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and … distorted by the agency problem as firms involving higher risk or disutility choose less talented CEOs. Such firms also pay … higher salaries in the cross-section, but economy-wide increases in risk or the disutility of being a CEO (e.g. due to …
Persistent link: https://www.econbiz.de/10013143463
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Who benefits from workers with general skills? : Countervailing incentives in labour contracts
Kübler, Dorothea - In: Metroeconomica : international review of economics 53 (2002) 3, pp. 290-314
Persistent link: https://www.econbiz.de/10001687574
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Who Benefits from Workers with General Skills? Countervailing Incentives in Labour Contracts
Kübler, Dorothea - 2004
In a principal-agent model with adverse selection and moral hazard the impact of the agent's transferable human capital on incentives is analysed. It is shown that under asymmetric information the employer (principal) prefers a worker (agent) with general skills to a similarly productive worker...
Persistent link: https://www.econbiz.de/10014113686
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The Lemons Problem in a labor market with intrinsic motivation : when higher salaries pay worse workers
Barigozzi, Francesca; Burani, Nadia; Raggi, Davide - 2013
We study the Lemons Problem when workers have private information on both their skills and their intrinsic motivation for the job offered by firms in the labor market. We first show that, when workers are motivated, inefficiencies due to adverse selection are mitigated. More interestingly,...
Persistent link: https://www.econbiz.de/10011730993
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Wage risk and the skill premium
Slavík, Ctirad; Yazici, Hakki - 2020
, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill … premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation … that the rise in wage risk observed between 1967 and 2010 increases the skill premium significantly. This finding is robust …
Persistent link: https://www.econbiz.de/10012263817