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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | Managerial Power and Compensation |
Organization Unit | |
Authors |
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Language |
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Institution | University of Zurich |
Series Name | Working paper series / Institute for Empirical Research in Economics |
Number | No. 28 |
ISSN | 1424-0459 |
Date | 1999 |
Abstract Text | According to the widely used Managerial Power Model, a higher hierarchical position with associated higher power leads to higher compensation. In contrast, the Compensating Wage Differentials Model argues that there is a non-positive relationship between positional power and total compensation. Both power and income yield utility and in equilibrium managers are prepared to trade-off the two elements. The two opposing propositions are tested using a large survey data set from Switzerland. The results suggest that power positions do not yield higher compensation. Rather, there is a non-positive relationship between power position and compensation, if one takes into account all relevant factors influencing total compensation. |
Official URL | http://www.econ.uzh.ch/wp.html |
PDF File | Download from ZORA |
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