%0 Journal Article %J Quarterly Journal of Economics %D 2008 %T Why Has CEO Pay Increased So Much? %A X. Gabaix %A Landier, A %X

A tractable model of CEO pay.  An upshot:  the six-fold rise in CEO pay between 1980 and 2003 can be fully attributed to the six-fold increase in market capitalization of large companies during that period.

%B Quarterly Journal of Economics %V 123 %P 49-100 %G eng %N 1