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Unions and Managerial Pay

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Author Info
John DiNardo
Kevin Hallock
Jorn-Steffen Pischke

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Abstract

Unions compress the wage distribution among workers covered by union contracts. We" ask whether unions also have an effect on the managers of unionized firms. To this end we" collected and assembled data on unionization and managerial pay within firms and industries in" the U.S. and across countries. Generally, we find a negative correlation between executive" compensation and unionization in our cross-section data, but no relationship of changes in" unionization on the growth of compensation of executives over time. Using NLRB elections" data, we find that a loss of union members due to decertification elections is associated with" higher CEO pay, although our estimates are imprecise. With CPS data we consistently find that" where unions are stronger, fewer managers are employed.

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Publisher Info
Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6318.

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Date of creation: Dec 1997
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Handle: RePEc:nbr:nberwo:6318

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Find related papers by JEL classification:
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

References listed on IDEAS
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  1. David Card, 1992. "The Effect of Unions on the Distribution of Wages: Redistribution or Relabelling?," NBER Working Papers 4195, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Rosen, Sherwin, 1969. "Trade Union Power, Threat Effects and the Extent of Organization," Review of Economic Studies, Blackwell Publishing, vol. 36(106), pages 185-96, April. [Downloadable!] (restricted)
  3. Bronars, Stephen G & Deere, Donald R, 1993. "Union Organizing Activity, Firm Growth, and the Business Cycle," American Economic Review, American Economic Association, vol. 83(1), pages 203-20, March. [Downloadable!] (restricted)
  4. Joskow, Paul L. & Rose, Nancy L. & Shepard, Andrea., 1993. "Regulatory constraints on executive compensation," Working papers 3550-93., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
  5. Burda, Michael C, 1995. "Unions and Wage Insurance," CEPR Discussion Papers 1232, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  6. Brian J. Hall & Jeffrey B. Liebman, 1997. "Are CEOs Paid Like Bureaucrats?," Harvard Institute of Economic Research Working Papers 1789, Harvard - Institute of Economic Research.
  7. Ruback, Richard S & Zimmerman, Martin B, 1984. "Unionization and Profitability: Evidence from the Capital Market," Journal of Political Economy, University of Chicago Press, vol. 92(6), pages 1134-57, December. [Downloadable!] (restricted)
  8. Richard B. Freeman, 1982. "Union wage practices and wage dispersion within establishments," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 36(1), pages 3-21, October.
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  9. David Neumark & Michael L. Wachter, 1995. "Union effects on nonunion wages: Evidence from panel data on industries and cities," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 49(1), pages 20-38, October.
  10. Kate Bronfenbrenner, 1997. "The role of union strategies in NLRB certification elections," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 50(2), pages 195-212, January.
  11. Jensen, Michael C & Murphy, Kevin J, 1990. "Performance Pay and Top-Management Incentives," Journal of Political Economy, University of Chicago Press, vol. 98(2), pages 225-64, April. [Downloadable!] (restricted)
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  12. Brian J. Hall & Jeffrey B. Liebman, 1997. "Are CEOs Really Paid Like Bureaucrats?," NBER Working Papers 6213, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Rafael Gomez & Konstantinos Tzioumis, 2006. "What Do Unions Do to CEO Compensation?," CEP Discussion Papers dp0720, Centre for Economic Performance, LSE. [Downloadable!]
  2. Richard B. Freeman, 2000. "Single Peaked Vs. Diversified Capitalism: The Relation Between Economic Institutions and Outcomes," NBER Working Papers 7556, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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