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[Excerpt] Managerial pay is a controversial and often studied subject in economics, sociology, accounting, finance, and human resource management. In fact, relative to the number of people who are actually top managers, this subject garners an incredible amount of attention. One of the reasons may be simply that the data are available. This has been true for managers in for-profit firms for decades, but only recently have data become available to permit the study of managerial compensation in the nonprofit sector. In this chapter, I compare how top managers in the for-profit and nonprofit sectors are paid using two unique panel data sets covering the years 1992 through 1998.


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© Wiley. Final version published as: Hallock, K. F. (2004). Managerial pay in nonprofit and for-profit organizations. In R. E. Riggio and S. Smith Orr (Eds.) Improving leadership in nonprofit organizations (pp. 76-101). San Francisco, CA: Jossey-Bass, a Wiley Imprint. Reprinted with permission. All rights reserved.

Suggested Citation
Hallock, K. F. (2003). Managerial pay in nonprofit and for-profit organizations[Electronic version]. Retrieved [insert date], from Cornell University, ILR School site: