全球智库信息集成服务系统(G2TT): Pay Cuts for the Boss: Executive Compensation in the 1940s

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w17303
来源ID	Working Paper 17303
	Pay Cuts for the Boss: Executive Compensation in the 1940s
	Carola Frydman; Raven Molloy
发表日期	2011-08-18
出版年	2011
语种	英语
摘要	Executive pay fell during the 1940s, marking the last notable decrease in the past 70 years. We study this decline using a new panel dataset on the remuneration of top executives in 246 firms. We find that government regulation--including explicit salary restrictions and taxation--had, at best, a modest effect on executive pay. By contrast, a decline in the returns to firm size and an increase in the power of labor unions contributed greatly to the reduction in executive compensation relative to other workers' earnings from 1940 to 1946. The continued decrease in relative executive pay remains largely unexplained.
主题	Financial Economics ; Corporate Finance ; Labor Economics ; Labor Compensation ; Other ; Accounting, Marketing, and Personnel ; History ; Labor and Health History
URL	https://www.nber.org/papers/w17303
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/574978
推荐引用方式 GB/T 7714	Carola Frydman,Raven Molloy. Pay Cuts for the Boss: Executive Compensation in the 1940s. 2011.