Francesco Caselli will give the 2026 JEEA-FBBVA lecture - Macroeconomic Implications of Executive Pay Caps. - at the FBBVA headquarters in Madrid on Thursday, April 23 at 18:00 CEST
In recent years political organizations in many countries have advanced proposals to cap the ratio of top-management pay to the pay of the workers under them. In this lecture, Francesco Caselli will present some likely implications of such policies on overall economic efficiency and the income distribution, when the economy is otherwise free of distortions. He will also discuss how the addition of realistic frictions to the economy may enhance the attractiveness of pay-ratio policies.
The lecture will be chaired by Antonio Cabrales and Evi Pappa will act as discussant.
EEA has a limited amount of travel funds available for PhD students at Spanish institutions who wish to attend the lecture. If you wish to take advantage, please email us through admin@eeassoc.org
There is no registration fee. Full info on location and how to register can be found here.