Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes? – Forum

Date: 2013-02-09

Reference number: OPUSeJ 201302091257WSM

Links: to published article: http://rfs.oxfordjournals.org/content/23/3/1004.abstract

to pre-reviewed version: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=931280

to cover page:  http://www.opusej.org/library/wall-street-and-main-street-what-contributes-to-the-rise-in-the-highest-incomes-cover/

Title: Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes?

Authors:  Kaplan, Steven N. and Joshua Rauh

Moderator: N/A

Overview: N/A

Addendum: none

Erratum: none


Autor, David H., Katz, Lawrence F., and Kearney, Melissa S., 2005, “Trends in U. S. Wage Inequality: Re-assessing the Revisionists,” NBER Working Paper 11627, September. http://www.nber.org/papers/w11627

Autor, David H., Katz, Lawrence F., and Kearney, Melissa S., 2006, “The Polarization of the U.S. Labor Market,” American Economic Review 96 (2). http://www.nber.org/papers/w11986

Bebchuk, Lucian and Jesse Fried, 2005, “Pay Without Performance: Overview of the Issues,” Journal of Applied Corporate Finance, 17:4, 8-23. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=761970

Bebchuk, Lucian and Grinstein, Yaniv, 2005, “The Growth of Executive Pay,” Oxford Review of Economic Policy 21(2), 283-303. http://www.law.harvard.edu/faculty/bebchuk/pdfs/Bebchuk-Grinstein.Growth-of-Pay.pdf

Bogle, Jack, 2005, The Battle for the Soul of Capitalism, New Haven:Yale University Press.

Chany, Nicholas, Mila Getmansky, Shane M. Haas, and Andrew W. Lo, 2005, “Systemic Risk and Hedge Funds,” Working paper, Sloan School, MIT. http://www.nber.org/papers/w11200

Dew-Becker, Ian and Robert J. Gordon, 2005, “Where Did the Productivity Go? Inflation Dynamics and the Distribution of Income.” Brookings Papers on Economic Activity 2. http://www.nber.org/papers/w11842

Fleischer, Victor, 2007, “Two and Twenty: Partnership Profits in Hedge Funds, Venture Capital Funds and Private Equity Funds,” UCLA Law School Working Paper. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=892440

Frydman, Carola , 2005, “Rising Through the Ranks: The Evolution of the Market for Corporate Executives, 1936-2003,” working paper, Harvard University. http://web.mit.edu/frydman/www/frydman_market%20for%20executives.pdf

Frydman, Carola and Raven E. Saks, 2005, “Historical Trends in Executive Compensation, 1936-2003,” working paper, Harvard University. http://mauricio.econ.ubc.ca/pdfs/frydmansaks_trends_0307.pdf

Gabaix, Xavier and Augustin Landier, 2006, “Why Has CEO Pay Increased So Much?” working paper, New York University. http://economics.mit.edu/files/1769

Garicano, Luis and Esteban Rossi-Hansberg, 2006, “Organization and Inequality in a Knowledge Economy”, Quarterly Journal of Economics. http://qje.oxfordjournals.org/content/121/4/1383.abstract

Garicano, Luis and Tom Hubbard, 2007, “The Returns to Knowledge Hierarchies,” working paper, University of Chicago. http://www.uvm.edu/~pdodds/files/papers/others/2000/garicano2000a.pdf

Gompers, Paul and Josh Lerner, 1999, “An Analysis of Compensation in the U.S. Venture Capital Partnership,” Journal of Financial Economics, 51, 3-44. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=5521

Hall, Brian J., and Jeffrey B. Liebman, 1998, “Are CEOs Really Paid Like Bureaucrats?” Quarterly Journal of Economics 113, 653-691. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2086

Hall, Brian J., and Kevin J. Murphy, 2003, “The Trouble with Stock Options,” Journal of Economic Perspectives 17(3), 49-70. http://www.nber.org/papers/w9784

Hecksher, Eli, 1931, Merkantilismen, Stockholm: Norstedt & Söner. 43

Jensen, Michael C, Kevin J. Murphy, and Eric G. Wruck, 2004, “Remuneration: Where We’ve Been, How We Got Here, What are the Problems, and How to Fix Them,” working paper, Harvard Business School, NOM Working Paper 04-28. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=561305

Kaplan, Steven and Bernadette Minton, 2006, “How has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs,” working paper, University of Chicago. http://www.nber.org/papers/w12465

Katz, Lawrence F. and Kevin M. Murphy, 1992, “Changes in Relative Wages, 1963-1987: Supply and Demand Factors,” Quarterly Journal of Economics 107, 35-78. http://www.nber.org/papers/w3927

Levy, Frank and Peter Temin, 2007, Inequality and Institutions in 20th Century America, working paper, MIT. http://www.nber.org/papers/w13106

Malkiel, B. and A. Saha, 2005, “Hedge Funds: Risk and Return,” Working paper, Princeton University. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=872868

Metrick, Andrew and Ayako Yasuda, 2007, Economics of Private Equity Funds, working paper, Wharton School, University of Pennsylvania. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=996334

Morrison, A. and W. Wilhelm, forthcoming, “The Demise of Investment-Banking Partnerships: Theory and Evidence,” Journal of Finance. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=569109

Murphy, Kevin J., and Jan Zabojnik, 2004, “CEO Pay and Turnover: A Market Based Explanation for Recent Trends,” American Economic Review Papers and Proceedings 94, 192-196.

Ohlin, Bertil, 1933, Interregional and International Trade, Cambridge: Harvard University Press.

Piketty, Thomas and Saez, Emmanuel, 2003, “Income Inequality in the United States, 1913- 1998,” Quarterly Journal of Economics 118: 1-39. http://www.nber.org/papers/w8467

Piketty, Thomas and Saez, Emmanuel, 2006a, “The Evolution of Top Incomes: A Historical and International Perspective,” American Economic Review 96 (2), 200-206. http://www.nber.org/papers/w11955

Piketty, Thomas and Saez, Emmanuel, 2006b, “New tables updated to 2004 for Income Inequality in the United States, 1913-2004,” working paper, University of California. http://elsa.berkeley.edu/~saez/piketty-saezOUP04US.pdf

Rosen, Sherwin, 1981, “The Economics of Superstars,” American Economic Review 71(5), 845-858. http://users.polisci.wisc.edu/schatzberg/ps616/Rosen1981.pdf

Sahlman, William, 1990, “The Structure and Governance of Venture Capital Organizations,” Journal of Financial Economics, 27, 473-521. http://home.ku.edu.tr/cdemiroglu/public_html/teaching/pe/sahlman.pdf

Stolper, Wolfgang F., and Paul A. Samuelson, 1941, “Protection and Real Wages,” Review of Economic Studies 9, 58-73. http://sites.duke.edu/econ206_01_s2011/files/2011/05/31a-Final-notes-Stolper-and-Samuelson.pdf

Sundaram, R. and D. Yermack, 2005, “Pay Me Later: Inside Debt and Its Role in Managerial Compensation,” working paper, New York University. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=717102

Topel, Robert, 2005, “Comments on Dew-Becker and Gordon,” Brookings Papers on Economic Activity.

Academic citations forward: 199 by 2013-02-11.

1-199 http://scholar.google.ca/scholar?cites=12598276603810430153&as_sdt=2005&sciodt=0,5&hl=en

Other citations forward:

1) Freeland, Chrystia, Feb 7, 2013, “Putting the magnifying glass on the 1 percent” Reuters New York. http://www.reuters.com/article/2013/02/07/us-column-freeland-idUSBRE916114201302070207

Leave a Reply