全球智库信息集成服务系统(G2TT): The Impact of Employee Stock Options on the Evolution of Compensation in the 1990s

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8353
来源ID	Working Paper 8353
	The Impact of Employee Stock Options on the Evolution of Compensation in the 1990s
	Hamid Mehran; Joseph Tracy
发表日期	2001-07-01
出版年	2001
语种	英语
摘要	Between 1995 and 1998, actual growth in nominal compensation per hour (CPH) accelerated from approximately 2 percent to 5 percent. Yet as labor markets continued to tighten in 1999, the growth in CPH paradoxically slowed. In this article, we attempt to solve this aggregate wage puzzle by exploring whether changes in pay structure - specifically, the increased use of employee stock options - can account for the behavior of CPH in the late 1990s. CPH reflects employee stock options on the date they are realized rather than on the date they are granted. When we recalculate CPH growth to reflect the value of current stock options when they are granted - rather than their value when they are realized - we find that our adjusted CPH measure accelerated in each year from 1995 to 1999.
主题	Labor Economics ; Labor Compensation
URL	https://www.nber.org/papers/w8353
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/565955
推荐引用方式 GB/T 7714	Hamid Mehran,Joseph Tracy. The Impact of Employee Stock Options on the Evolution of Compensation in the 1990s. 2001.