Renira Corinne Angeles

Country: 
Norway
Year of Enrollment: 
2011 to 2017
Departmental Affiliation: 
Political Science
Job Market Availability: 
Yes

Renira is a PhD candidate in political economy. Her doctoral project examines the political origins and consequences of economic inequality with a focus on top income share and politics of top executive compensation across developed economies. The thesis outlines three main arguments; 1) strength of organized labour more than corporate governance matters for moderation of top incomes, 2) economic policy strategy of left parties in egalitarian economies had a destabilizing impact on the historical bargain between capital and labour, fragmented corporate insiders, strengthened outside investors and led to a surge in top incomes driven by executive pay. The surge in real top executive compensation during a social democratic government was due to tax reforms of private sector and corporate governance/Company Laws that directly affected ownership structures of the largest listed firms at the Swedish stock market, 3) concentration of top incomes, wealth and firm wealth in advanced democracies affect executive government and how politics work, contributing to skewed distribution of political influence. I found that while top managers supporting Conservatives in the UK donate more in values during the sample period, the responsiveness to donate with respect to top executive compensation is higher for managers supporting Labour. The sensitivity is particularly high with respect to the value of stock options and restricted stocks granted. Hence, the ideological distribution may be more scattered than assumed for a specific segment of economic elites. Rather than assuming that individuals become more Conservative the more money they possess, the findings help us understand the link between income and political strategies and motivations of rich individuals.

Renira was chair of the Political Economy Research Group (PERG) 2014/2015 academic year.

Research interests:
- comparative political economy
- parties and economic policy making
- economic and political inequality
- politics of financial/economic/corporate sector regulation
- quantitative research methods

Other research interests:
- history of the politics of economic governance/policy making

WORK IN PROGRESS
(for drafts and abstract please visit my web page)

“For a Maximum Wage? Left Labour Still has an Impact on Moderating Executive Compensation in Advanced Economies” (with Prof. Achim Kemmerling) (2nd review in Socio-Economic Review)

“The Global Diffusion of Inequality: US Multinationals as Exporters of the Winner-Take-All-Economy” (with Prof. Jonathan Hopkin, and Dr. Lukas Linsi)

“Top Executive Compensation and Party Donation Elasticities; Is Political Party Donation Driven by Economic Inequality?”

“The politics of top incomes in egalitarian economies: the shift in private sector regulation by the Swedish Social Democrats that increased concentration of top incomes”

“Perspectives of the top income earners in egalitarian economies” (with Katharina Hecht)

Qualification

M.Sc. Political Economy, BI Norwegian Business School
B.Sc. Political Science, Norwegian University of Science and Technology (NTNU)
University of California, Berkeley

Dissertation Topic

Supervisor

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