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The Stability of the American Business Elite

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  • Temin, Peter
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    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.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Industrial & Corporate Change.

    Volume (Year): 8 (1999)
    Issue (Month): 2 (June)
    Pages: 189-209

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    Handle: RePEc:oup:indcch:v:8:y:1999:i:2:p:189-209

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    Cited by:
    1. repec:hal:wpaper:halshs-00590848 is not listed on IDEAS
    2. Egon Franck & Christian Opitz, 2003. "Different higher education patterns of topmanagers in the U.S., France, and Germany. A signaling approach," Working Papers, University of Zurich, Institute for Strategy and Business Economics (ISU) 0022, University of Zurich, Institute for Strategy and Business Economics (ISU).
    3. Elise S. Brezis & Fran├žois Crouzet, 2004. "The Role of Higher Education Institutions: Recruitment of Elites and Economic Growth," CESifo Working Paper Series, CESifo Group Munich 1360, CESifo Group Munich.

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