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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 between higher wages for workers and more monitoring, which requires more managers. The model also...
Persistent link: https://www.econbiz.de/10005666977
In many instances, 'independently-minded' top-ranking executives can impose strong discipline on their CEO, even though … before the current CEO was appointed. In a very robust way, firms with a smaller fraction of independent executives exhibit …
Persistent link: https://www.econbiz.de/10005136453
Economists often play crucial roles in designing and implementing public policies; thus it is of importance to better … understand the values that underlie their decisions. We explore the value hierarchies of economists in four studies: The first … organization and work orientation. Taken together, our findings indicate that economists have a distinctive pattern of value …
Persistent link: https://www.econbiz.de/10005504550
Several recent studies found that the behaviour of economists was less cooperative than the behaviour of non-economists …. Other studies found, however, that economists behaved no differently than other individuals. In this Paper, we study this … priorities reported by students of economics are different from those reported by students from other fields: Economists …
Persistent link: https://www.econbiz.de/10005498194