[PEN-L:11198] Rent question

[Wojtek Sokolowski <sokol@xxxxxxxxxxxxxxxxxx>]

Is executive salary, or a part of it,  rent from an economic point of view?
And if so, how can the rent component in that salary be determined?

I'm asking this question because a mainstream economist I'm working with
argued that exec's salary can actually reflect the exec's worth (i.e. what
he, rarely she, produces).  Since the productivity of an exec (or for that
matter, any white collar worker) cannot be directly measured -- how can such
a position be intelligently rebutted?

regards,

wojtek sokolowski
institute for policy studies
johns hopkins university
baltimore, md 21218
sokol@xxxxxxxxxxxxxxxxxx
voice: (410) 516-4056
fax:   (410) 516-8233