Egger, Peter H.; v. Ehrlich, Maximilian; Radulescu, Doina Maria (2012). How Much it Pays to Work in the Financial Sector. CESifo Economic Studies, 58(1), pp. 110-139. Oxford University Press 10.1093/cesifo/ifr033
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This article sheds light on the extent of managerial pay in the OECD. It uses a novel database on managerial wages and other types of compensation to compare managerial remuneration across different sectors, especially, the financial sector, and across countries. We find evidence of a significant earnings premium in the financial sector which amounts to about 43% in the average OECD country—after conditioning out observable director-specific and firm-specific characteristics. Yet, there is considerable heterogeneity of earnings across both countries and different types of businesses within the financial sector.
Item Type: |
Journal Article (Original Article) |
|---|---|
Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics 11 Centers of Competence > KPM Center for Public Management 03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics 03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics > Public Economics 11 Centers of Competence > Center for Regional Economic Development (CRED) |
UniBE Contributor: |
v. Ehrlich, Maximilian, Radulescu, Doina Maria |
Subjects: |
300 Social sciences, sociology & anthropology > 330 Economics |
ISSN: |
1612-7501 |
Publisher: |
Oxford University Press |
Language: |
English |
Submitter: |
Simon Büchler |
Date Deposited: |
15 Feb 2017 09:33 |
Last Modified: |
05 Dec 2022 15:02 |
Publisher DOI: |
10.1093/cesifo/ifr033 |
BORIS DOI: |
10.48350/94974 |
URI: |
https://boris.unibe.ch/id/eprint/94974 |
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