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Determinants of Managerial Pay in the Czech Republic


  • Tor Eriksson
  • Jaromir Gottvald
  • Pavel Mrazek


The purpose of this paper is to examine the determinants of the variation in Czech managers' pay levels. Among the questions we attempt to answer are: Are the managers in state-owned firms compensated differently than those in private owned firms? How much of the difference in pay is explained by differences in individual characteristics and job levels? What is the importance of the regional location or the industry affiliation of the firms for managerial pay differentials? We use data from a cross-section of Czech managers in 1998 and estimate earnings equations augmented with a host of explanatory variables related to firm and job characteristics.

Suggested Citation

  • Tor Eriksson & Jaromir Gottvald & Pavel Mrazek, 2000. "Determinants of Managerial Pay in the Czech Republic," William Davidson Institute Working Papers Series 310, William Davidson Institute at the University of Michigan.
  • Handle: RePEc:wdi:papers:2000-310

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    managerial compensation; transition economy;

    JEL classification:

    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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