منابع مشابه
Are Ceos Really Paid like Bureaucrats?
A common view is that there is little correlation between rm performance and CEO pay. Using a new fteen-year panel data set of CEOs in the largest, publicly traded U. S. companies, we document a strong relationship between rm performance and CEO compensation. This relationship is generated almost entirely by changes in the value of CEO holdings of stock and stock options. In addition, we sho...
متن کاملQuarterly Journal of Economics Are Ceos Really Paid like Bureaucrats?*
A common view is that there is little correlation between firm performance and CEO pay. Using a new fifteen-year panel data set of CEOs in the largest, publicly traded U. S. companies, we document a strong relationship between firm performance and CEO compensation. This relationship is generated almost entirely by changes in the value of CEO holdings of stock and stock options. In addition, we ...
متن کاملAre Bureaucrats Really Paid Like Bureaucrats?∗
Traditionally, bureaucrats are viewed as a stereotypical example of employees with flat pay schedules and low-powered incentive schemes. This paper challenges this view by providing evidence that wages of a particular group of senior bureaucrats city managers are tightly connected to their performance. In particular, salaries of city managers are strongly linked to city growth. Additional tests...
متن کاملAre Politicians Really Paid Like Bureaucrats?
In this paper, we examine the empirical determinants of politicians pay. Contrary to widespread assumptions, we document substantial variation in the wages of politicians, both across states and over time. Using data for the US during 1950-90, we provide what we believe to be the first empirical analysis of gubernatorial pay. We find that gubernatorial wages respond to changes in state income ...
متن کاملCan Bureaucrats Really Be Paid like CEOs? School Administrator Incentives for Anemia Reduction in Rural China
A large literature examines performance pay for managers in the private sector, but little is known about performance pay for managers in public sector bureaucracies. In this paper, we study performance incentives rewarding school administrators for reducing anemia among their students. Randomly assigning 170 schools to three performance incentive levels and two orthogonal sizes of unconditiona...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1998
ISSN: 0033-5533,1531-4650
DOI: 10.1162/003355398555702