1. Managers and Wage Policies
- Author
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Paulo Bastos, Natália P. Monteiro, and Universidade do Minho
- Subjects
Lnked worker- rm-manager data ,Economics and Econometrics ,Labour economics ,Exploit ,Strategy and Management ,media_common.quotation_subject ,Wage policies ,Wage ,Social Sciences ,jel:D21 ,jel:M5 ,Management of Technology and Innovation ,Efficiency wage ,0502 economics and business ,Economics ,Top managers, wage policies, linked worker-firm-manager data ,050207 economics ,media_common ,Compensation (psychology) ,05 social sciences ,jel:J31 ,General Business, Management and Accounting ,Top managers ,8. Economic growth ,jel:J16 ,050203 business & management - Abstract
Do individual top managers matter for wages and wage policies? Are there general differences in “style” among managers with respect to worker compensation? To shed light on these questions, we exploit a large panel dataset from Portugal that allows us to match workers, firms, and managers, and follow the movements of the latter across different firms over time. While accounting for the effect of worker and firm heterogeneity, we estimate the role of top manager fixed effects in determining wages and wage policies. The estimates suggest that (i) top managers have a significant influence on wages and wage policies; (ii) there exists different managerial “styles”; and (iii) managers’ (observable) attributes matter for worker compensation., COMPETE; QREN; UE Fundo Europeu de Desenvolvimento Regional, Fundação para a Ciência e a Tecnologia (FCT)
- Published
- 2011
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