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dc.contributor.authorJasso, Guillerminaen_US
dc.contributor.authorMeyersson Milgrom, Eva M.en_US
dc.date.accessioned2008-06-27en_US
dc.date.accessioned2010-07-07T11:31:30Z-
dc.date.available2010-07-07T11:31:30Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/35019-
dc.description.abstractThis paper develops a framework for studying individuals' ideas about what constitutes just compensation for chief executive officers (CEOs) and reports estimates of just CEO pay and the principles guiding ideas of justice. The sample consists of students pursuing a Master of Business Administration (MBA) degree in Sweden and the United States. The framework, based on justice theory and making use of Rossi's factorial survey method, enables assessment of ideas of fairness in CEO compensation, including (1) the just CEO compensation, in the eyes of each observer; (2) the principles of microjustice observers' ideas about who should get what based on characteristics of CEOs and their firms; and (3) principles of macrojustice ideas about the just level and dispersion in compensation across all CEOs. Our estimates yield the following main results: First, there is broad agreement on the median just CEO compensation but substantial inter-individual variation in the principles of microjustice and the other principles of macrojustice. Second, there is remarkable similarity in the distributions of the principles of microjustice and macrojustice across the MBA groups. Other important results include a pervasive gender attentiveness among MBA students and tolerance for large variability in CEO pay.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3236en_US
dc.subject.jelD31en_US
dc.subject.ddc650en_US
dc.subject.keywordJustice theoryen_US
dc.subject.keywordfairnessen_US
dc.subject.keywordCEO compensationen_US
dc.subject.keywordfactorial survey methoden_US
dc.subject.keywordMBA studentsen_US
dc.subject.keywordgenderen_US
dc.subject.keywordinequalityen_US
dc.subject.keywordGini coefficienten_US
dc.subject.keywordAtkinson measureen_US
dc.subject.keywordTheil's inequality measuresen_US
dc.subject.stwFührungskräfteen_US
dc.subject.stwGehalten_US
dc.subject.stwVerteilungsgerechtigkeiten_US
dc.subject.stwSoziale Gerechtigkeiten_US
dc.subject.stwStudierendeen_US
dc.subject.stwMeinungen_US
dc.subject.stwSchwedenen_US
dc.subject.stwUSAen_US
dc.titleDistributive justice and CEO compensationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn560861885en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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