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hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from … workers. Specifically, I hypothesize that individual income increases with hierarchical power, as does the share of individual … extrapolates the CEO data. The results indicate that income tends to increase with hierarchical power, as does the capitalist …
Persistent link: https://www.econbiz.de/10012127049
. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this … evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then …
Persistent link: https://www.econbiz.de/10011994821
What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis …. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this … hypothesis using a large scale hierarchy model of the US private sector. My method is to vary the rate that income scales with …
Persistent link: https://www.econbiz.de/10011880804
hierarchy. In short, I hypothesize that capitalist income stems from hierarchical power. Based on this thinking, I hypothesize …This paper offers a new approach to the study of capitalist income. Building on the "capital as power" framework, I … that the capitalist fraction of an individual's income is a gradient function of hierarchical power (which I define as the …
Persistent link: https://www.econbiz.de/10011892551
. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this … evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then …
Persistent link: https://www.econbiz.de/10012001846
hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from … workers. Specifically, I hypothesize that individual income increases with hierarchical power, as does the share of individual … extrapolates the CEO data. The results indicate that income tends to increase with hierarchical power, as does the capitalist …
Persistent link: https://www.econbiz.de/10012143341
What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis …. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this … hypothesis using a large scale hierarchy model of the US private sector. My method is to vary the rate that income scales with …
Persistent link: https://www.econbiz.de/10011885004
income inequality and interdependent social norms. The model shows in an easily accessible manner how personal and functional … income inequality can potentially have contrary effects on aggregate demand and growth. It can illustrate some of the major … connected to inequality and country specific consumption and saving behaviour. Furthermore, aggregate consumption functions are …
Persistent link: https://www.econbiz.de/10011606907
This paper is motivated by two parallel trends: the declining labor share of income and increasing inequality. Micro … share of income has been a key factor driving growing inequality. The major conclusion is that changes in income inequality … across a wide range of countries have been driven significantly by changes in the inequality of wages, while the distribution …
Persistent link: https://www.econbiz.de/10012999752
We examine the interplay between changes in the functional distribution of income and the distribution of market income among households. We use micro data from the German Socio-Economic Panel as well as macro data from the German Federal Statistical Office from 2002 to 2008. We categorize and...
Persistent link: https://www.econbiz.de/10009751309