Extreme Wage Inequality: Pay at the Very Top

Brian Bell and John van Reenen

American Economic Review, 2013, vol. 103, issue 3, 153-57

Abstract: We provide new evidence on the growth in pay at the very top of the wage distribution in the United Kingdom. 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 United Kingdom. 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.

JEL-codes: D31 J31 M12 (search for similar items in EconPapers)
Date: 2013
Note: DOI: 10.1257/aer.103.3.153
References: Add references at CitEc
Citations: View citations in EconPapers (52)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.103.3.153 (application/pdf)
http://www.aeaweb.org/aer/ds/may2013/P2013_1646_ds.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Extreme Wage Inequality: Pay at the Very Top (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:103:y:2013:i:3:p:153-57

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().