Extreme Wage Inequality: Pay at the Very Top

Brian Bell and John van Reenen

CEP Occasional Papers from Centre for Economic Performance, LSE

Abstract: We provide new evidence on the growth in pay at the very top of the wage distribution in the UK. Sectoral decompositions show that workers in the financial sector have accounted for the majority of the gains at the top over the last decade. New results are also presented on the pay of CEOs in the UK. We show how improved measurement of pay points to a stronger pay-performance link than previously estimated. This link is stronger, and more symmetric, for those firms in which institutional investors play a larger role.

Keywords: wage inequality; firm performance; CEO compensation; performance pay; management (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-bec, nep-hme, nep-hrm and nep-lma
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Citations: View citations in EconPapers (59)

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Journal Article: Extreme Wage Inequality: Pay at the Very Top (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepops:34

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