A. B. Atkinson
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780199532438
- eISBN:
- 9780191714559
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199532438.003.0013
- Subject:
- Economics and Finance, Development, Growth, and Environmental, International
The note describes a simple version of the pay norm model, where the assumptions are chosen to bring out the essence of the argument, rather than to allow for the full richness of strategic ...
More
The note describes a simple version of the pay norm model, where the assumptions are chosen to bring out the essence of the argument, rather than to allow for the full richness of strategic behaviour. It is essentially a behavioural model.Less
The note describes a simple version of the pay norm model, where the assumptions are chosen to bring out the essence of the argument, rather than to allow for the full richness of strategic behaviour. It is essentially a behavioural model.
A. B. Atkinson
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780199532438
- eISBN:
- 9780191714559
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199532438.003.0011
- Subject:
- Economics and Finance, Development, Growth, and Environmental, International
This chapter reviews the discussions in the preceding chapters. It argues that the distribution of earnings is not outside our control. Although governments are constrained by the global economy and ...
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This chapter reviews the discussions in the preceding chapters. It argues that the distribution of earnings is not outside our control. Although governments are constrained by the global economy and by the pace of technological change, policy still has a role. The evolution of pay norms is partly endogenous, and state enterprises can influence the resulting market equilibrium. Conversely, the privatization of state enterprises can affect pay at both the top and the bottom of the distribution.Less
This chapter reviews the discussions in the preceding chapters. It argues that the distribution of earnings is not outside our control. Although governments are constrained by the global economy and by the pace of technological change, policy still has a role. The evolution of pay norms is partly endogenous, and state enterprises can influence the resulting market equilibrium. Conversely, the privatization of state enterprises can affect pay at both the top and the bottom of the distribution.
A. B. Atkinson
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780199532438
- eISBN:
- 9780191714559
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199532438.003.0008
- Subject:
- Economics and Finance, Development, Growth, and Environmental, International
This chapter considers two theories to explain the earnings dispersion in the different countries studied: shifting pay norms and pyramidal/superstar theories. It argues that the fanning out of the ...
More
This chapter considers two theories to explain the earnings dispersion in the different countries studied: shifting pay norms and pyramidal/superstar theories. It argues that the fanning out of the upper part of the earnings distribution in some, but not all, countries could be explained by a shift to a less redistributive pay norm. However, this argument has hardly been recognized in the literature. The superstar model has received more attention, but this attention has concentrated exclusively on the recent rise in top earnings.Less
This chapter considers two theories to explain the earnings dispersion in the different countries studied: shifting pay norms and pyramidal/superstar theories. It argues that the fanning out of the upper part of the earnings distribution in some, but not all, countries could be explained by a shift to a less redistributive pay norm. However, this argument has hardly been recognized in the literature. The superstar model has received more attention, but this attention has concentrated exclusively on the recent rise in top earnings.
Leigh Raymond
- Published in print:
- 2016
- Published Online:
- May 2017
- ISBN:
- 9780262034746
- eISBN:
- 9780262336161
- Item type:
- chapter
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262034746.003.0004
- Subject:
- Political Science, Environmental Politics
This chapter provides a detailed analysis of the multi-year design process leading to the implementation of the Regional Greenhouse Gas Initiative (RGGI) in 2008. It considers the question: How did ...
More
This chapter provides a detailed analysis of the multi-year design process leading to the implementation of the Regional Greenhouse Gas Initiative (RGGI) in 2008. It considers the question: How did RGGI’s policy designers succeed in auctioning virtually all of the program’s emissions allowances, wheresimilar efforts to promote auctions failed? After reviewing the limits of existing explanations of RGGI’s decision to auction allowances that are grounded in the interest group politics model, the chapter offers a detailed analysis of the RGGI design process to demonstrate the central role of the new public benefit model in making auctions politically viable. Public and private accounts confirm the prominence of this new normative framing for auctions from the very beginning of the process, and its influence over the political choice to make this policy change.Less
This chapter provides a detailed analysis of the multi-year design process leading to the implementation of the Regional Greenhouse Gas Initiative (RGGI) in 2008. It considers the question: How did RGGI’s policy designers succeed in auctioning virtually all of the program’s emissions allowances, wheresimilar efforts to promote auctions failed? After reviewing the limits of existing explanations of RGGI’s decision to auction allowances that are grounded in the interest group politics model, the chapter offers a detailed analysis of the RGGI design process to demonstrate the central role of the new public benefit model in making auctions politically viable. Public and private accounts confirm the prominence of this new normative framing for auctions from the very beginning of the process, and its influence over the political choice to make this policy change.
