The rapid rise in the earnings of top executives is a distinctive feature of modern capitalism. This important two volume collection presents some of the most influential published theoretical and empirical papers on executive compensation.

This is the second of three volumes containing the published and unpublished economic papers of Orley Ashenfelter written between 1966 and 1994. A complete and cross-referenced chronological list of all of the works featured in this set is included. The volumes begin with an interview in which...