Superstar salaries

Chapter 9 - Wage determination and superstar salaries. After completing this unit, you should be able to: Explain how buyers in the labor market make hiring and salary decisions, demonstrate the importance of the value of the marginal product of labor and the marginal cost of labor, explain why there are pay differences across occupations.

29p koxih_kothogmih7 29-09-2020 15 1   Download

Chapter 9 - Wage determination and superstar salaries. After completing this unit, you should be able to: Explain how buyers in the labor market make hiring and salary decisions, demonstrate the importance of the value of the marginal product of labor and the marginal cost of labor, explain why there are pay differences across occupations.

29p koxih_kothogmih8 29-09-2020 14 1   Download

Chapter 13 - Optimal compensation systems. This chapter presents the following content: Internal and external labour markets, seniority and productivity over the lifecycle, superstar wages, mandatory retirement, CEO salaries, tenure, matching offers of raiding firms.

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Other arguments have been raised to explain the existence of high executive salary, but they are not ethical justifi cations. An example is the claim that executive salaries are an example of “the economics of superstars”. Th ere are some fi elds, notably sporting, arts and entertainment, where “superstar” performers may earn rewards far greater than the average for that fi eld. Th e potential incomes in these fi elds have the character of prizes in a tournament, with a comparatively small number of prizes rela- tive to the number of competitors.

14p trinhcaidat 19-04-2013 42 4   Download