Citation:
Gabaix X, Landier A. Why Has CEO Pay Increased So Much?. Quarterly Journal of Economics. 2008;123 (1) :49-100.
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| Online Appendix | 114 KB |
Abstract:
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.