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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, vol. 8(2), pages 189-209, June.
  • Handle: RePEc:oup:indcch:v:8:y:1999:i:2:p:189-209
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    1. Austan Goolsbee & Chad Syverson, 2008. "How Do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines," The Quarterly Journal of Economics, Oxford University Press, pages 1611-1633.
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    Cited by:

    1. Elise S. Brezis & François Crouzet, 2004. "The Role of Higher Education Institutions: Recruitment of Elites and Economic Growth," CESifo Working Paper Series 1360, CESifo Group Munich.
    2. 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).

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