The Distribution of Relative Demand and Relative Supply Shocks for Managers Across the U.S. Economy

P. Michael Kosicek, Ramesh Soni and David Yerger
Additional contact information
P. Michael Kosicek: Indiana University of Pennsylvania, USA
Ramesh Soni: Indiana University of Pennsylvania, USA
David Yerger: Indiana University of Pennsylvania, USA

Economics and Applied Informatics, 2023, issue 2, 5-13

Abstract: 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.

Keywords: Management Earnings; Management Intensity; Wage Inequality; Labor Shocks (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://eia.feaa.ugal.ro/images/eia/2023_2/Kosicek_Soni_Yerger.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2023:i:2:p:5-13

DOI: 10.35219/eai15840409331

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().