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In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...
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We propose a simple test that uses information on workers' mobility, wages and firms' profits to identify the sign and … agents' payoffs are increasing in their own types, our test exploits within-firm variation on wages to rank workers by their …
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This paper uses data from the Cedefop European Skills and Jobs (ESJ) survey, a new international dataset of adult workers in 28 EU countries, to decompose the wage penalty of overeducated workers. The ESJ survey allows for integration of a rich, previously unavailable, set of factors in the...
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I use a structural matching model, North Carolina public school data, and a survey of teachers' career plans to analyze schools' and teachers' behaviors in the teacher transfer market. Results show that mid-career teachers with better pre-service qualifications are the most eager to search,...
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