A psychological study of pay

Abstract

A STUDY IN 3 SECTIONS OF EMPIRICAL DATA ON MANAGERIAL COMPENSATION FOR 3 GROUPS OF 90 MANAGERS IN EACH: (1) DESCRIBES THE DISTRIBUTIONAL CHARACTERISTICS OF PAY OVER 25 YR., (2) PRESENTS A CORRELATION OF PAY WITH PAY OVER TIME AND STATISTICAL ANALYSES TO EXPLAIN THE OBSERVED RELATIONSHIPS, AND (3) PRESENTS A STATISTICAL MODEL OF PAY CAPITALIZING ON THE CUMULATIVE CHARACTER OF PAY AND THE FORMULAS FOR THE DISTRIBUTIONAL AND CORRELATIONAL CHARACTER OF COMPOSITES. THE POTENTIAL PSYCHOLOGICAL LEVERAGE OF HITHERTO LITTLE-CONSIDERED VARIABLES STANDS OUT. THE MANAGERIAL IMPLICATIONS OF THE STATISTICAL BEHAVIOR OF PAY ARE DISCUSSED IN DETAIL. (PsycInfo Database Record (c) 2025 APA, all rights reserved)