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In the Business Review: CEO Pay, Homeownership, Forecasting

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Contact: Katherine Dibling, E-mail senior media representative, (215) 574-4119

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Released today, the Third Quarter 2010 Business Review includes these articles: "Because I’m Worth It? CEO Pay and Corporate Governance," by Rocco Huang; "American Dream or American Obsession? The Economic Benefits and Costs of Homeownership," by Wenli Li and Fang Yang; and "Philadelphia Fed Forecasting Surveys: Their Value for Research" by Dean Croushore. Also, the latest issue of Research Rap. PDF (223 KB, 2 pages)

Because I'm Worth It? CEO Pay and Corporate Governance PDF (338 KB, 8 pages)

  • Read about research that helps us understand how CEOs are paid, how the pay is set, how CEO compensation affects CEOs' incentives and their firms' performance, and how government regulations affect CEO pay.
  • Get an overview of how the composition of a firm's board of directors is linked to CEO compensation.
  • Author: Rocco Huang is an assistant professor of finance at the Eli Broad College of Business, Michigan State University. When he wrote this article, he was an economist in the Research Department of the Philadelphia Fed.

American Dream or American Obsession? The Economic Benefits and Costs of Homeownership PDF (387 KB, 11 pages)

  • Get an analysis of the economic benefits and costs associated with owning one's residence.
  • Read the authors' re-examination of the various rationales that support homeownership.
  • Authors: Wenli Li is an economic advisor and economist in the Philadelphia Fed's Research Department, and Fang Yang is an assistant professor, University at Albany, State University of New York.

Philadelphia Fed Forecasting Surveys: Their Value for Research
PDF (364 KB, 11 pages)

The Business Review, which is published quarterly, presents articles written by our staff economists that are aimed at readers with a general interest in economics. Topics covered include economic policy, banking, and financial and regional economics. It includes less technical articles written by economists in the Bank's Research Department. They are intended for a wide audience and often address timely economic issues.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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