Book

The Ruling Class

Edited by Tito Boeri, Antonio Merlo and Andrea Prat

Published in print September 2010 | ISBN: 9780199588282
Published online January 2011 | e-ISBN: 9780191595417 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199588282.001.0001
The Ruling Class

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The ruling class plays a major role in our societies. It makes possible what would otherwise be infeasible, by shifting out those constraints that stand in the way of long-term growth. Historically, economists devoted far less attention than sociologists to the study of ruling classes. Using the theoretical tools of economists, this book provides an understanding of what drives the formation of a ruling class, and the relationship between politics and business firms. Focusing on Italy, it uses labour economics to analyse the selection of the ruling class, the labour market of politicians, the allocation of managers' time, and their incentives, remunerations, and career paths. It draws on contributions from two teams of leading scholars and on research undertaken by the Fondazione Rodolfo DeBenedetti. Part I focuses on the labour market of politicians. It uses detailed information on personal characteristics, incomes, performance in office, and career paths (before, as well as after, the Parliamentary mandate) of all the politicians elected to the Italian Lower Chamber (Camera) between 1948 and 2008. Part II is devoted to the managerial class. It includes cross-country surveys of managers across a sample of European countries, surveys carried out in cooperation with the largest union of managers in the service sector, social security records, and, for the first time, surveys on the allocation of time of top executives.

Keywords: ruling class; politics; firms; incentives; career; performance; politicians; income; executives; managers

Book.  240 pages.  Illustrated.

Subjects: Financial Markets

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Table of Contents

Introduction in The Ruling Class

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Introduction in The Ruling Class

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Institutional Background in The Ruling Class

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Stylized Facts in The Ruling Class

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Analysis and Conclusions in The Ruling Class

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Introduction in The Ruling Class

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Overview in The Ruling Class

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Data Sources in The Ruling Class

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Managers' Characteristics in The Ruling Class

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