Executive Compensation: Six Questions That Need Answering

Abowd is Professor of Labor Economics at Cornell University, Distinguished Senior Research Fellow at the United States Bureau of the Census, research associate of the National Bureau of Economic Research (Cambridge, MA) and research affiliate of the Centre de Recherche en Economie et Statistique (Paris). Kaplan is a research economist at the Bureau of Labor Statistics. We are grateful for financial support from the National Science Foundation (SBER 96-18111). We also thank Robert Cho and Brian Dunn for providing some of the Towers Perrin data used in this paper. No confidential data have been used in this paper. Our data can be accessed at http://old-instruct1.cit.cornell.edu:8000/abowd-john. The opinions expressed in this paper reflect the views of the authors, and do not reflect the policies of the Bureau of the Census or the Bureau of Labor Statistics or the views of other staff members in either organization.