How Much it Pays to Work in the Financial Sector

Egger, Peter H.; von 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:

11 Centers of Competence > Center of Comptetence for Public Management (KPM)
03 Faculty of Business, Economics and Social Sciences > Department of Economics
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:

von Ehrlich, Maximilian and 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:

15 Feb 2017 09:33

Publisher DOI:

10.1093/cesifo/ifr033

URI:

https://boris.unibe.ch/id/eprint/94974

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