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Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10012984836
Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average...
Persistent link: https://www.econbiz.de/10013079155
spouses. This paper analyses the impact of women's pension incentives on the retirement decision of their husband. The 1993 … Age Pension reform in Australia increased the eligibility age for Age Pension benefits for women. This reform caused an …
Persistent link: https://www.econbiz.de/10012987699
within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …
Persistent link: https://www.econbiz.de/10013080155
We study the nature of firm pay dynamics. To this end, we propose a statistical model that extends the seminal framework by Abowd, Kramarz and Margolis (1999) to allow for idiosyncratically time-varying firm pay policies. We estimate the model using linked employer-employee data for Sweden from...
Persistent link: https://www.econbiz.de/10013406449
We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals' expected lifetime utility, whenever other taxes are taken...
Persistent link: https://www.econbiz.de/10012777462
In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...
Persistent link: https://www.econbiz.de/10013324993
return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with … the design of the pension. Using panel data on over 36,000 pension plans drawn from IRS Form 5500 filings, we empirically …
Persistent link: https://www.econbiz.de/10013136725
individuals through occupational and other pension arrangements. If such a strategy is to work, it requires that individuals are … representative sample of older Irish people. Looking at people who are enrolled in pension schemes, we find that two thirds of these … elements in pension systems such as contribution rates …
Persistent link: https://www.econbiz.de/10013076158
We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment condition, it also projects retirement income based on...
Persistent link: https://www.econbiz.de/10014236084