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There is no topic more central right now in American debates about inequality than executive compensation. It is therefore important to carry out a careful, deliberate, and informed analysis of how, if at all, America’s executive compensation system might be reformed. The distinguished members of our new Executive Compensation (EC) team, Lucian Bebchuk, Jesse Fried, Robert Frank, Alex Edmans, and Xavier Gabaix, have prepared detailed policy proposals on whether and how executive compensation practices should be reformed. This lab thus addresses how and in what ways the takeoff in executive pay is problematic for the wider society, and more importantly, what should be done about it.
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