Industrial concentration raises top officers’ share of compensation while employment size lowers it

Evidence

With regard to withinand between-industry compositional effects, the result shows that high industrial concentration in the long run is associated with a higher officers’ share of compensation. The relation is robust in all three sets of analysis. The effect of relative employment size, as expected, is negatively associated with officers’ compensation. — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 145

Categorization

• XREF: Connects to the market-power/rent-extraction literature linking concentrated industries to executive pay, relevant to the reader’s financialization-inequality work. — connects to: Officers’ share of compensation captures the highest executive tier in corporations — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 75; Union decline raises officers’ relative compensation — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 136; Union density raises both low-level wages and top executive compensation — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 139 (+3 more)

Related

• Union decline raises officers’ relative compensation (similarity 0.89)
• Union density raises both low-level wages and top executive compensation (similarity 0.88)
• Officers’ share of compensation captures the highest executive tier in corporations (similarity 0.88)
• Union decline concentrates income at the top (similarity 0.82)
• Stock-based executive pay widened CEO-worker income gaps. (similarity 0.82)
• Workforce demographics and market concentration shape income distribution independently (similarity 0.82)
• US income inequality is dominated by top managers capturing historically unprecedented pay (similarity 0.79)
• Inequality dimensions reflect one institutional shift toward financialization (similarity 0.79)
• Financialization independently explains over half of labor’s falling income share since 1970. (similarity 0.78)

Broader Connections

• Stock-based executive pay widened CEO-worker income gaps. #expands (0.78) — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 56
• US income inequality is dominated by top managers capturing historically unprecedented pay #exemplifies (0.75) — Shoshana Zuboff, The Age of Surveillance Capitalism, 1755