<p>Gabaix &amp; Landier, 2008 (&quot;Why has CEO pay increased so much?&quot;.QJE) is a canonical paper in the literature on CEO pay. In their introduction, the authors also review other theories on this issue.</p>

CC BY-SA 4.0
2021-06-21T19:55:17.423Z
thank you sir, this will help me on my way :)
confused student
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2021-06-21T19:14:49.977Z
2021-06-21T19:14:49.977Z
Alalalalaki
<p>Classic economic theory suggests people earn wages according to their productivity. Over time CEO's, directors, managers and the like seem to earn more relative to the 'normal worker'. Lets call this the managerial class and the working class. Now is it the case that the managerial class  has grown so much more productive than the working class over time? How do we measure their performance? I would like to read up on the current consensus in the literature about whether the managerial class gets compensated according to their productivity.</p>
<p>I am sketching a rough picture with no references, no definitions, not distinguishing between sectors, etc, I hope you still more or less understand the topic I would like investigate. I have searched google.scholar using a combination of terms like manager, productivity, wages, effect on, etc but with little success.</p>
<p>Does anyone know a good literature review reference on the topic? Ideally an article of the form like you find in the journal of economic perspectives. But also any reference of a empirical/quantitative study from a high quality journal is much welcomed.</p>

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2021-06-20T13:11:38.127Z
How do you know there is a "current consensus in the literature?"
Michael Greinecker
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2021-06-20T19:09:28.313Z
I do not. Perhaps a better phrase would be "current state of the literature". Any pointers in the right direction is welcome, the right search terms would help.
confused student
<microeconomics><labor-economics><inequality><wages><productivity>
Literature recommendation
confused student
# Literature recommendation

(Asked by: username_0 on 2021-06-20)

Classic economic theory suggests people earn wages according to their productivity. Over time CEO's, directors, managers and the like seem to earn more relative to the 'normal worker'. Lets call this the managerial class and the working class. Now is it the case that the managerial class has grown so much more productive than the working class over time? How do we measure their performance? I would like to read up on the current consensus in the literature about whether the managerial class gets compensated according to their productivity.

I am sketching a rough picture with no references, no definitions, not distinguishing between sectors, etc, I hope you still more or less understand the topic I would like investigate. I have searched google.scholar using a combination of terms like manager, productivity, wages, effect on, etc but with little success.

Does anyone know a good literature review reference on the topic? Ideally an article of the form like you find in the journal of economic perspectives. But also any reference of a empirical/quantitative study from a high quality journal is much welcomed.

**Tags:** microeconomics, labor-economics, inequality, wages, productivity
> **Comments:**
> **username_1**: How do you know there is a "current consensus in the literature?"  
> **username_0**: I do not. Perhaps a better phrase would be "current state of the literature". Any pointers in the right direction is welcome, the right search terms would help.  

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## 1 answers

### Answer by username_2 on 2021-06-21. Score: 2 | Accepted answer

Gabaix & Landier, 2008 ("Why has CEO pay increased so much?".QJE) is a canonical paper in the literature on CEO pay. In their introduction, the authors also review other theories on this issue.

> **Comments:**
> **username_0**: thank you sir, this will help me on my way :)  

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