Classic economic theory suggests people earn wages according to their productivity. Over time CEO's, directors, managers and the like seem to earn more relative to the 'normal worker'. Lets call this the managerial class and the working class. Now is it the case that the managerial class has grown so much more productive than the working class over time? How do we measure their performance? I would like to read up on the current consensus in the literature about whether the managerial class gets compensated according to their productivity.
I am sketching a rough picture with no references, no definitions, not distinguishing between sectors, etc, I hope you still more or less understand the topic I would like investigate. I have searched google.scholar using a combination of terms like manager, productivity, wages, effect on, etc but with little success.
Does anyone know a good literature review reference on the topic? Ideally an article of the form like you find in the journal of economic perspectives. But also any reference of a empirical/quantitative study from a high quality journal is much welcomed.