US Bureau of Economics Analysis (2015) National Income and Product Accounts Tables, Table 1.12. National Income by Type of Income. http://www.bea.gov/iTable/index.cfm

has been cited by the following article:

• TITLE: Directionally Bounded Utility and the Executive Pay Puzzle

  AUTHORS: Edoh Y. Amiran, Daniel A. Hagen

  KEYWORDS: Executive Pay, Utility Theory, Substitution Effects

  JOURNAL NAME: Theoretical Economics Letters, Vol.5 No.2, April 7, 2015

  ABSTRACT: The pay of CEOs and other top executives has risen disproportionately relative to other earnings. We provide a supply-side explanation based on utility theory using directionally bounded utility functions. As overall income levels have grown, the amount of compensation required to induce top executives to sacrifice a quiet life has risen. We show that directionally bounded utility functions predict a general rise in compensation for stress. More importantly, such utility functions can be used to explain why the CEO pay ratio has risen at an increasing rate, something which other approaches have difficulty explaining.