Analyzing a large panel that matches public firms with worker-level data, we find that managerial entrenchment affects workers' pay. CEOs with more control pay their workers more, but financial incentives through ownership of cash flow rights mitigate such behavior. These findings do not seem to...

Analyzing a panel that matches public firms with worker-level data, we find that managerial entrenchment affects workers' pay. CEOs with more control pay their workers more, but financial incentives through cash flow rights ownership mitigate such behavior. Entrenched CEOs pay more to employees...

To reduce the spread of COVID-19, schools closed to an unprecedented degree in the spring of 2020. To varying extent, students have moved between in-person and remote learning up until the spring of 2021. This chapter surveys the literature on the implications of school closures of primary to...