Long Run Trends in Australian Executive Remuneration: BHP 1887-2012
AbstractOutside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average earnings) follow a U-shape. This matches the pattern for US executive compensation, Australian top incomes, and (for the past two decades) average trends in executive compensation in top Australian firms. Like the US, Australia experienced a post-war 'great compression' prior to the recent 'great divergence'.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7486.
Length: 29 pages
Date of creation: Jul 2013
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Other versions of this item:
- Mike Pottenger & Andrew Leigh, 2013. "Long run trends in Australian executive remuneration: BHP 1887-2012," CEH Discussion Papers 017, Centre for Economic History, Research School of Economics, Australian National University.
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-20 (All new papers)
- NEP-HIS-2013-07-20 (Business, Economic & Financial History)
- NEP-HRM-2013-07-20 (Human Capital & Human Resource Management)
- NEP-LAB-2013-07-20 (Labour Economics)
- NEP-LMA-2013-07-20 (Labor Markets - Supply, Demand, & Wages)
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