CEO

Working Paper

The Real Cost of CEO Compensation: The Effect of Behindness Aversion of Employees

Do employees who compare themselves to the CEO matter for executive compensation? We hypothesize employees who are behindness averse and compare their wage to the CEO’s pay. Using German establishment-level wage data, we indeed show that employee...Read more

Ingolf Dittmann
Christoph Schneider
Yuhao Zhu
17 April 2018

Pages