Many industrialized economies have seen a rapid rise in top income inequality and in the globalization of production … since the 1980s. In this paper I propose an open economy model of executive pay to study how offshoring affects the pay … level and incentives of top earners. The model introduces a simple principal-agent problem into a heterogeneous firm talent …

In recent decades, most developed countries have experienced a simultaneous increase in income inequality and … indeed the main driving force behind the observed increase in income inequality. This is the case even when other potential … market level, i.e. rising income inequality overall as well as within and between education groups …

values of commodity baskets and a mason�s daily wage: 1331-1570 (no. of days� wages to buy one cloth); (8) Prices of … composite price index; and the no. of days� wages for a master mason to buy one Mechelen broadcloth, 1351-1520; (11) Prices of … mason's daily wages; (12) Purchase prices of Ghent woollens: by rank order of values, 1360-69: in pounds groot Flemish …

percent and 1 percent of the within-firm wage distribution rise substantially. Instead, the effect on average wages is small … and only marginally significant. As a result, wage inequality increases. These effects are stronger for workers with low …

In recent decades, most developed countries have experienced a simultaneous increase in income inequality and … indeed the main driving force behind the observed increase in income inequality. This is the case even when other potential … market level, i.e. rising income inequality overall as well as within and between education groups. -- Income inequality …