Guner, Nezih; Parkhomenko, Andrii; Ventura, Gustavo - 2015
We document that mean earnings of managers grow faster than for non managers over the life cycle for a group of high …-income countries. Furthermore, we find that the growth of earnings for managers (relative to non managers) is positively correlated …-of-control model where managers invest in their skills. Central to our analysis is a complementarity between skills and investments in …