Firm Size and Executive Compensation
利用多个数据集，发现高管收入与企业规模的关系在不同时期和国家相对稳定，薪酬对企业规模的弹性与1930年代相当，且控制规模后顶级高管收入有所下降。
Using several data sets, the relationship between executive income and firm size is shown to be relatively stable over time and in different countries. The elasticity of executive earnings to firm size is about the same today as it was in the 1930s, with evidence of a decline in the earnings of top executives, controlling for firm size. In addition to the effects of size and other firm and industry characteristics, there are returns to age and experience. There is also substantial variability in the level of compensation among firms of comparable size, indicating that there may be impediments to mobility.