To examine the impact of globalization on managerial compensation, we consider a matching model where firms compete … both in the product market and in the managerial market. We show that globalization, that is, the simultaneous integration …, while the most able managers obtain a wage increase, less able managers are faced with a reduction in wages. Hence our model …

Evidence from a sample of countries show that people roughly spend as much time watching television as earning their … living. Moreover, television viewing and work hours are positively correlated across countries. A simple model based on … this model the equilibria can be inversely Pareto-ranked by their amount of television viewing. Arguments are offered to …