Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80533
Authors: 
Pottenger, Mike
Leigh, Andrew
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7486
Abstract: 
Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average earnings) follow a U-shape. This matches the pattern for US executive compensation, Australian top incomes, and (for the past two decades) average trends in executive compensation in top Australian firms. Like the US, Australia experienced a post-warv great compression prior to the recent great divergence.
Subjects: 
executive remuneration
inequality
income distribution
JEL: 
D31
J31
Document Type: 
Working Paper

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