Guner, Nezih; Parkhomenko, Andrii; Ventura, Gustavo - 2015
We document that for a group of high-income countries (i) mean earnings of managers tend to grow faster than for non … managers over the life cycle; (ii) the earnings growth of managers relative to non managers over the life cycle is positively …-of-control model where managers invest in their skills. We parameterize this model with U.S. observations on managerial earnings, the …