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The Stability of the American Business Elite

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  • Temin, Peter

Abstract

This paper begins the task of explaining why the American business elite has remained white, male and mostly native-born Protestants for a century, as verified in a previous paper (P. Temin, forthcoming). I argue that the evidence is inconsistent with the hypotheses that the stability is due to discrimination on the job or to principal-agent factors. The most likely explanation is that this demographic group makes the best business managers. I suggest that this in turn is not because they are inherently superior, but because they have had access to superior education, a result of past discrimination. Copyright 1999 by Oxford University Press.

Suggested Citation

  • Temin, Peter, 1999. "The Stability of the American Business Elite," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 8(2), pages 189-209, June.
    • Handle: RePEc:oup:indcch:v:8:y:1999:i:2:p:189-209
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    Cited by:

    1. Weinstein, Russell, 2018. "Employer screening costs, recruiting strategies, and labor market outcomes: An equilibrium analysis of on-campus recruiting," Labour Economics, Elsevier, vol. 55(C), pages 282-299.
    2. Elise S. Brezis & François Crouzet, 2004. "The Role of Higher Education Institutions: Recruitment of Elites and Economic Growth," CESifo Working Paper Series 1360, CESifo.
    3. Egon Franck & Christian Opitz, 2003. "Different higher education patterns of topmanagers in the U.S., France, and Germany. A signaling approach," Working Papers 0022, University of Zurich, Institute for Strategy and Business Economics (ISU).
    4. Robert Boyer, 2005. "From shareholder value to CEO power: The paradox of the 1990s," Working Papers halshs-00590848, HAL.
    5. Sarada, Sarada & Andrews, Michael J. & Ziebarth, Nicolas L., 2019. "Changes in the demographics of American inventors, 1870–1940," Explorations in Economic History, Elsevier, vol. 74(C).

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