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The Gender Gap in Top Corporate Jobs
Using the ExecuComp data set, which contains information on the five highest-paid executives in each of a large number of U.S. firms for the years 1992–97, the authors examine the gender compensationExpand
Reciprocally Interlocking Boards of Directors and Executive Compensation
Is executive compensation influenced by the composition of the board of directors? About 8% of chief executive officers (CEOs) are reciprocally interlocked with another CEO—the current CEO of firm AExpand
Individual heterogeneity in the returns to schooling: instrumental variables quantile regression using twins data
Abstract. Considerable effort has been exercised in estimating mean returns to education while carefully considering biases arising from unmeasured ability and measurement error. Recent work hasExpand
Managerial Pay and Governance in American Nonprofits
This article examines the compensation of top managers of nonprofits in the United States using panel data from tax returns of the organizations from 1992 to 1996. Studying managers in nonprofits isExpand
Layoffs, Top Executive Pay, and Firm Performance
This paper examines the connection between layoffs, executive pay, and stock prices. Firms that announce layoffs in the previous year pay their CEOs more, and give their CEOs larger percentage raisesExpand
The Changing Relationship Between Job Loss Announcements and Stock Prices: 1970-1999
We study the reaction of stock prices to announcements of reductions in force (RIFs) using a sample of 4273 such announcements in 1160 large firms during the 1970-99 period collected from the WallExpand
Job Loss and the Fraying of the Implicit Employment Contract
Most workers have one employment contract that is explicit and another one that is implicit. The explicit employment contract specifies working hours, compensation, and job tasks. The implicitExpand
The Value of Stock Options to Non-Executive Employees
This study empirically investigates the value employees place on stock options using information from the option exercise behavior of individuals. Employees hold options for another period if theExpand
Seniority and Monopsony in the Academic Labor Market: Comment
This paper further explores the work of both Michael Ransom and Emily Hoffman, who have written on monopsony in the academic labor market, using data from University of Massachusetts at AmherstExpand
Unions and the Labor Market for Managers
We examine the relationship between the employment and compensation of managers and CEOs and the presence of a unionized workforce. We develop a simple efficiency wage model, with a tradeoff betweenExpand