Journal Article
Are CEOs Overpaid?
Romero, Jessica Sackett (2018-10)
Feature article on: Are CEOs Overpaid? Incentives for chief executives have important economic implications
Econ Focus , Issue 4Q , Pages 14-17

Staff Pick: Declining Labor Share and U.S. Industries
Bharadwaj, Asha; Dvorkin, Maximiliano (2020-06-29)
In recent decades, the share of payments to labor have been trending down in several countries. Here are trends among U.S. industries.
On the Economy

Working Paper
Risk Choices and Compensation Design
Sun, Bo; Carey, Mark S. (2015-01-26)
We analyze the impact of bad-tail risks on managerial pay functions, especially the decision to pay managers in stock or in options. In contrast to conventional wisdom, we find that options are often a superior vehicle for limiting managerial incentives to take bad-tail risks while providing incentives to exert effort. Arrangements similar to collar options are able to incent the desired project choice in wider range of circumstances than call options or stock. However, information requirements appear high. We briefly explore alternatives with features similar to maluses and clawbacks, which ...
International Finance Discussion Papers , Paper 1130

Journal Article
The Evolution of the Labor Share across Developed Countries
Yang, Meifeng; Pinheiro, Roberto (2018-08)
In most developed countries, the share of output accruing to labor has declined over the last 20 years. However, the underlying reasons for the decrease may have differed in the United States and other developed countries. In this Commentary, we examine some of the explanations economists have proposed for the decline in the labor share and discuss how well these explanations account for the decline across developed countries.
Economic Commentary , Issue August

Speech
Transcript of Banking Culture - Still Room for Improvement?: panel discussion at Thomson Reuters, New York City
Dudley, William (2018-02-07)
Panel Discussion at Thomson Reuters, New York City: February 7, 2018.
Speech , Paper 273

Journal Article
Policy Update: Taking Back Bankers’ Compensation
Taylor, Sam Louis (2023-12)
For several years, leaders at Silicon Valley Bank made a series of bets that contributed, along with poor risk management, to the ultimate failure of that institution. Subsequently, almost up to the very hour federal regulators took over the failing bank, its top leaders were receiving significant bonuses. If bank executives are found to be responsible for the failure of their institution, should those executives be able to keep the profits they earned while leading the bank into ruin? As part of its efforts to prevent future bank failures, Congress has been examining the authorities granted ...
Econ Focus , Volume 23 , Issue 4Q , Pages 13

Journal Article
Dissecting Wage Dispersion
Mustre-del-Rio, Jose; Cannon, Sandra A. (2017-07)
Wages are substantially dispersed across workers, jobs, and employers in the U.S. economy. Although some of that dispersion is due to demographic factors, the authors found that after controlling for those differences, both "who you are" (the permanent component of wage dispersion) and "where you work" (the match-specific component of wage dispersion) contribute to the range of wages paid.
Economic Review , Issue Q III , Pages 35-52