Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35019 
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dc.contributor.authorJasso, Guillerminaen
dc.contributor.authorMeyersson Milgrom, Eva M.en
dc.date.accessioned2008-06-27-
dc.date.accessioned2010-07-07T11:31:30Z-
dc.date.available2010-07-07T11:31:30Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3236en
dc.subject.jelD31en
dc.subject.ddc650en
dc.subject.keywordJustice theoryen
dc.subject.keywordfairnessen
dc.subject.keywordCEO compensationen
dc.subject.keywordfactorial survey methoden
dc.subject.keywordMBA studentsen
dc.subject.keywordgenderen
dc.subject.keywordinequalityen
dc.subject.keywordGini coefficienten
dc.subject.keywordAtkinson measureen
dc.subject.keywordTheil's inequality measuresen
dc.subject.stwFührungskräfteen
dc.subject.stwGehalten
dc.subject.stwVerteilungsgerechtigkeiten
dc.subject.stwSoziale Gerechtigkeiten
dc.subject.stwStudierendeen
dc.subject.stwMeinungen
dc.subject.stwSchwedenen
dc.subject.stwUSAen
dc.titleDistributive justice and CEO compensation-
dc.type|aWorking Paperen
dc.identifier.ppn560861885en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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