Factors Influencing Governors' Salaries, 1961-2001
This paper examines the determinants of governors' salaries for the forty-eight contiguous states. State budgetary variables, personal income, population, unemployment rate and state government employment are the primary determinants of governors' compensation. There appears to be a large amount of convergence among salaries over the forty year sample period; the states with lower pay in 1961 experienced faster growth in their governor's compensation. Thus, findings support the view that a governor's pay is based primarily on the responsibility measured by the economic size of the state and the size of a state's government.
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Volume (Year): 10 (2010)
Issue (Month): 1 (April)
Pages: 1-20
| Handle: | RePEc:bpj:bejeap:v:10:y:2010:i:1:n:34 |
| Contact details of provider: | Web page: http://www.degruyter.com
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| Order Information: | Web: http://www.degruyter.com/view/j/bejeap |
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