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This article explores the impact of innovation, offshoring and demand on profits and wage dynamics. The growing … highlights the contrasting effects of R&D and offshoring as wage determinants - the former exerts a positive effect while the …
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of the forces shaping this process. Our identification strategy relies on the sequential nature of wage setting and … instruments to create surplus and to shape the bargaining power of the parties involved in wage setting, and on different sources …
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Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average...
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