This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

We disaggregate the self-employed into incorporated and unincorporated to distinguish
between “entrepreneurs” and other business owners. We show that the incorporated self …

This paper synthesizes what economists have learned about human capital since Becker
(1962) into four stylized facts. First, human capital explains at least one-third of the variation …

The labor market increasingly rewards social skills. Between 1980 and 2012, jobs requiring
high levels of social interaction grew by nearly 12 percentage points as a share of the US …

The past forty years have seen a rapid rise in top income inequality in the United States.
While there is a large number of existing theories of the Pareto tail of the long‐run income …

Many of the insights of economics seem to be qualitative, with many fewer reliable
quantitative laws. However a series of power laws in economics do count as true and …

The current advances in Artificial Intelligence (AI) are likely to have profound economic
implications and bring about new trade‐offs, thereby posing new challenges from a …

The recent economics literature has begun to recognise that ICT is a heterogeneous
technology altering information storage, processing and communication in distinct ways. In …

US firms in service industries increasingly operate in more local markets. Employment,
sales, and spending on fixed costs have increased rapidly in these industries. These …

We show that pay is higher for chief executive officers (CEOs) with general managerial skills
gathered during lifetime work experience. We use CEOs' résumés of Standard and Poor's …