We provide new evidence on the growth in pay at the very top of the wage distribution in the United Kingdom. Sectoral decompositions show that workers in the financial sector have accounted for the majority of the gains at the top over the last decade. New results are also presented on the pay of CEOs in the United Kingdom. We show how improved measurement of pay points to a stronger pay-performance link than previously estimated. This link is stronger, and more symmetric, for those firms in which institutional investors play a larger role.

Abstract This paper focuses on empirical connections between crime and immigration, studying two large waves of recent U.K. immigration (the late 1990s/early 2000s asylum seekers and the post-2004 inflow from EU accession countries). The first wave led to a modest but significant rise in property crime, while the second wave had a small negative impact. There was no effect on violent crime; arrest rates were not different, and changes in crime cannot be ascribed to crimes against immigrants. The findings are consistent with the notion that differences in labor market opportunities of different migrant groups shape their potential impact on crime.