creates the power-law income distribution tail. Using the available case-study evidence on firm hierarchy, I create the first …What explains the power-law distribution of top incomes? This paper tests the hypothesis that it is firm hierarchy that … reproduces the power-law scaling of top US incomes. I show that this is purely an effect of firm hierarchy. This raises the …

incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent … first developed by Herbert Simon and Harold Lydall, I show that hierarchy can explain the power-law distribution of top …Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top …

increase as one moves up the hierarchy. But how this hierarchical structure affects income distribution has not been widely … conduct the first quantitative investigation of hierarchy’s effect on income distribution. I find that hierarchy plays a … dominant role in shaping the tail of US income distribution. The model suggests that hierarchy is responsible for generating …

of concentrated power. The focus on hierarchy leads to some surprising discoveries. First, I find evidence that …. Second, I find that hierarchy plays an important role in shaping income and income distribution. I find that income scales … structure of US firms, I find that hierarchy plays a dominant role in shaping the income distribution tail. These results hint …

evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then … plausible. Using this model, I infer the relation between income size, income class, and hierarchical power among the US public …

hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from … workers. Specifically, I hypothesize that individual income increases with hierarchical power, as does the share of individual … extrapolates the CEO data. The results indicate that income tends to increase with hierarchical power, as does the capitalist …

hierarchy. In short, I hypothesize that capitalist income stems from hierarchical power. Based on this thinking, I hypothesize …This paper offers a new approach to the study of capitalist income. Building on the "capital as power" framework, I … that the capitalist fraction of an individual's income is a gradient function of hierarchical power (which I define as the …