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-15 Current Population Survey, I find that the drawn-out cyclical labor market repair-likely owing to low entry wages of new … workers-slowed down real wage growth. There are, however, also signs of structural changes in the labor market affecting wages …
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There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
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