Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/oxford-university-press/changes-in-managerial-pay-structures-1986-1992-and-rising-returns-to-3p86DExDBd
References (0)
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
- Publisher
- Oxford University Press
- Copyright
- Copyright Oxford University Press 2001
- ISSN
- 0030-7653
- eISSN
- 1464-3812
- DOI
- 10.1093/oep/53.3.482
- Publisher site
- See Article on Publisher Site
Abstract
We examine the relationship between wages and skill requirements in a sample of over 50,000 managers in 39 companies between 1986 and 1992. The data include an unusually good measure of job requirements and skills that can proxy for human capital. We find that wage inequality increased both within and between firms from 1986 and 1992. Higher returns to our measure of skill accounts for most of the increasing inequality within firms. At the same time, our measure of skill does not explain much of the cross‐sectional variance in average wages between employers, and changes in returns to skill do not explain any of the time series increase in between‐firm variance over time.
Journal
Oxford Economic Papers – Oxford University Press
Published: Jul 1, 2001