Articles

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CEO Pay-For-Performance Heterogeneity Using Quantile Regression (with Regina Madalozzo and Clayton G. Reck), CAHRS Working Paper Series (2008)
We provide some examples of how quantile regression can be used to investigate heterogeneity in...
 

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CEO Pay-For-Performance Heterogeneity: Examples Using Quantile Regression (with Regina Madalozzo and Clayton G. Reck), Articles & Chapters (2008)
We provide some examples of how quantile regression can be used to investigate heterogeneity in...
 

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The Geography of Giving: The Effect of Corporate Headquarters on Local Charities (with David Card and Enrico Moretti), CAHRS Working Paper Series (2008)
We use data on the locations of the head offices of publicly traded U.S. firms...
 

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New Data for Answering Old Questions Regarding Employee Stock Options (with Craig A. Olson), CAHRS Working Paper Series (2008)
This paper is a description and summary of existing questions and sources of data on...
 

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The Changing Relationship Between Job Loss Announcements and Stock Prices: 1970-1999 (with Henry S. Farber), CAHRS Working Paper Series (2008)
We study the reaction of stock prices to announcements of reductions in force (RIFs) using...
 

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Review of Personnel Economics in Imperfect Labour Markets, Articles & Chapters (2007)

Excerpt] This book is an attempt to consolidate what we know about Personnel Economics by...

 

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The Value of Stock Options To Non-Executive Employees (with Craig A. Olson), CAHRS Working Paper Series (2006)
This study empirically investigates the value employees place on stock options using information from the...
 
ILR Impact Brief - CEOs and Layoffs: Sometimes the CEO Suffers Similar Fate (with Sherrilyn M. Billger), Policy & Issue Briefs (2006)

Mass layoffs have become an all too familiar occurrence in the United States; statistics indicate...

 

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Review of Pay without Performance: The Unfulfilled Promise of Executive Compensation, Articles & Chapters (2006)

[Excerpt] Every once in a while someone comes out with an important book concerning corporate...

 

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Assessing the Impact of Job Loss on Workers and Firms (with Kristin F. Butcher), Articles & Chapters (2006)
Many economists agree that the United States’ openness to competition and technological change raises our...
 

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Mass Layoffs and CEO Turnover (with Sherrilyn M. Billger), Articles & Chapters (2005)
We investigate the relationship between layoff announcements and CEO turnover over a 31-year period. We...
 

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Does Managed Care Change the Management of Nonprofit Hospitals? Evidence from the Executive Labor Market (with Marianne Bertrand and Richard Arnould), Industrial & Labor Relations Review (2005)
This paper examines how the managerial labor market in nonprofit hospitals has adjusted to the...
 

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Job Loss: Causes, Consequences, and Policy Responses (with Kristin F. Butcher), Articles & Chapters (2004)
From 2001 to 2003, 5.3 million workers were displaced. Beyond quantifying the numbers of jobs...
 

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Managerial Pay and Governance in American Nonprofits, Articles & Chapters (2002)
This article examines the compensation of top managers of nonprofits in the United States using...
 

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‘When Unions Mattered': Assessing the Impact of Strikes on Financial Markets: 1925-1937 (with John Dinardo), Faculty Publications - Human Resource Studies (2002)
This examination of the Stock Market’s responsiveness to strikes looks specifically at strike actions that...
 

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The Gender Gap in Top Corporate Jobs (with Marianne Bertrand), Faculty Publications - Human Resource Studies (2001)
Using the ExecuComp data set, which contains information on the five highest-paid executives in each...
 

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Quantile Regression (with Roger Koenker), Faculty Publications - Human Resource Studies (2001)
Quantile regression as introduced by Koenker and Bassett seeks to extend ideas of quantiles to...
 

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Individual Heterogeneity in the Returns to Schooling: Instrumental Variables Quantile Regression Using Twins Data (with Omar Arias and Walter Sosa-Escudero), Articles & Chapters (2001)
Considerable effort has been exercised in estimating mean returns to education while carefully considering biases...
 

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Compensation in Nonprofit Organizations, Faculty Publications - Human Resource Studies (2000)
Although the nonprofit sector is enormous, we know little about how workers there are compensated....
 

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The Timeliness of Performance Information in Determining Executive Compensation (with Paul Oyer), Articles & Chapters (1999)
We study whether boards of directors concentrate on performance near compensation decision times rather than...
 

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Layoffs, Top Executive Pay, and Firm Performance, Faculty Publications - Human Resource Studies (1998)
This paper examines the connection between layoffs, executive pay, and stock prices. Firms that announce...
 

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Reciprocally Interlocking Boards of Directors and Executive Compensation, Articles & Chapters (1997)
Is executive compensation influenced by the composition of the board of directors? About 8% of...
 

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Seniority and Monopsony in the Academic Labor Market: Comments, Faculty Publications - Human Resource Studies (1995)
This paper further explores the work of both Michael Ransom and Emily Hoffman, who have...
 

Contributions to Books

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A Descriptive Analysis of Layoffs in Large U.S. Firms Using Archival Data over Three Decades and Interviews with Senior Managers, Articles & Chapters (2005)
This paper uses data on over 4,600 layoff announcements in the U.S., covering each firm...
 

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Dual Agency: Corporate Boards with Reciprocally Interlocking Relationships, Articles & Chapters (1999)

[Excerpt] This paper studies reciprocal interlocks of boards of directors of large firms where an...

 

Other

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Executive Compensation in American Unions (with Felice Klein), Working Papers (2009)
[Excerpt] Studying compensation in the non-profit sector is difficult. In non-profit organizations, it is not...
 

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Employees’ Choice of Method of Pay (with Craig A. Olson), Working Papers (2009)

Who chooses what type of pay? The costs and benefits of “flexible” and “cafeteria-style” benefit...

 

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Are Formal Corporate News Announcements Still Newsworthy? Evidence from Three Decades of U.S. Data on Earnings, Splits, and Dividends (with Farzad Mashayekhi), Working Papers (2003)
This paper considers the share price reaction to dividend, earnings, and stock split announcements over...
 

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The Gender Pay and Employment Gaps for Top Managers in U.S. Nonprofits, Working Papers (2002)
This paper examines the gender wage gap among managers of nonprofit organizations using newly collected...
 

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Unions and Managerial Pay (with John DiNardo and Jorn-Steffen Pischke), Working Papers (1997)
Unions compress the wage distribution among workers covered by union contracts. We ask whether unions...