The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy
We construct relative wage and relative quantity employed measures for managers versus all other workers for 249 U.S. industries for 2002 and 2020 and then classify industries into four outcomes: a rise or fall in relative demand for managers, and a rise or fall in relative supply of managers. A ris...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Dunarea de Jos University of Galati
2023-08-01
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| Series: | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| Subjects: | |
| Online Access: | http://eia.feaa.ugal.ro/images/eia/2023_2/Kosicek_Soni_Yerger.pdf |
| _version_ | 1797729190139658240 |
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| author | P. Michael KOSICEK Ramesh SONI David YERGER |
| author_facet | P. Michael KOSICEK Ramesh SONI David YERGER |
| author_sort | P. Michael KOSICEK |
| collection | DOAJ |
| description | We construct relative wage and relative quantity employed measures for managers versus all other workers for 249 U.S. industries for 2002 and 2020 and then classify industries into four outcomes: a rise or fall in relative demand for managers, and a rise or fall in relative supply of managers. A rise in relative demand for managers is the least likely outcome to occur, but it has the highest average earnings for all other workers. Real earnings growth over this time for all other workers is strongest in the outcomes with a rising relative quantity employed of managers, suggesting managers and higher-skilled workers are more complements to, than substitutes for, each other. Service industries are more likely to have a rising relative demand for managers than goods industries. Industries in comparative advantage sectors are likely to have a higher relative quantity of managers than industries in disadvantage sectors. |
| first_indexed | 2024-03-12T11:25:26Z |
| format | Article |
| id | doaj.art-c0679416c6234d558b944b687c09dbfb |
| institution | Directory Open Access Journal |
| issn | 1584-0409 |
| language | English |
| last_indexed | 2024-03-12T11:25:26Z |
| publishDate | 2023-08-01 |
| publisher | Dunarea de Jos University of Galati |
| record_format | Article |
| series | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| spelling | doaj.art-c0679416c6234d558b944b687c09dbfb2023-09-01T10:31:06ZengDunarea de Jos University of GalatiAnnals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics1584-04092023-08-0129251310.35219/eai15840409331The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. EconomyP. Michael KOSICEK0Ramesh SONI1David YERGER2Indiana University of Pennsylvania, USAIndiana University of Pennsylvania, USAIndiana University of Pennsylvania, USAWe construct relative wage and relative quantity employed measures for managers versus all other workers for 249 U.S. industries for 2002 and 2020 and then classify industries into four outcomes: a rise or fall in relative demand for managers, and a rise or fall in relative supply of managers. A rise in relative demand for managers is the least likely outcome to occur, but it has the highest average earnings for all other workers. Real earnings growth over this time for all other workers is strongest in the outcomes with a rising relative quantity employed of managers, suggesting managers and higher-skilled workers are more complements to, than substitutes for, each other. Service industries are more likely to have a rising relative demand for managers than goods industries. Industries in comparative advantage sectors are likely to have a higher relative quantity of managers than industries in disadvantage sectors.http://eia.feaa.ugal.ro/images/eia/2023_2/Kosicek_Soni_Yerger.pdfmanagement earningsmanagement intensitywage inequalitylabor shocks |
| spellingShingle | P. Michael KOSICEK Ramesh SONI David YERGER The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics management earnings management intensity wage inequality labor shocks |
| title | The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy |
| title_full | The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy |
| title_fullStr | The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy |
| title_full_unstemmed | The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy |
| title_short | The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy |
| title_sort | distribution of relative demand and relative supply shocks for managers across the u s economy |
| topic | management earnings management intensity wage inequality labor shocks |
| url | http://eia.feaa.ugal.ro/images/eia/2023_2/Kosicek_Soni_Yerger.pdf |
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