| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6222 |
| DP6222 Does Globalization Create Superstars? | |
| Hans Gersbach; Armin Schmutzler | |
| 发表日期 | 2007-03-28 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous integration of product markets and managerial pools, leads to an increase in the heterogeneity of managerial salaries. Typically, while the most able managers obtain a wage increase, less able managers are faced with a reduction in wages. Hence our model can explain the increasing heterogeneity of CEO compensation that has been observed in the last few decades. |
| 主题 | Industrial Organization ; Labour Economics |
| 关键词 | Globalization Manager remuneration Superstars |
| URL | https://cepr.org/publications/dp6222 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535058 |
| 推荐引用方式 GB/T 7714 | Hans Gersbach,Armin Schmutzler. DP6222 Does Globalization Create Superstars?. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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