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Erscheinungsjahr: 
2014
Quellenangabe: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 34 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2014
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
The escalation in chief executive officer (CEO) pay over recent decades, both in absolute terms and in relation to the earnings of production workers, has generated considerable attention. The pay of top executives has grown noticeably in relation to overall firm profitability. The pay gap between CEOs in the US and those in other developed countries narrowed substantially during the 2000s, making top executive pay an international concern. Researchers have taken positions on both sides of the debate over whether the level of CEO pay is economically justified or is the result of managerial power.
Schlagwörter: 
top executive pay
CEO compensation
JEL: 
J31
M52
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