diff --git a/rest_framework/schemas/openapi.py b/rest_framework/schemas/openapi.py
index af2ceda43..c88244c54 100644
--- a/rest_framework/schemas/openapi.py
+++ b/rest_framework/schemas/openapi.py
@@ -192,6 +192,9 @@ class AutoSchema(ViewInspector):
 
         return component_name
 
+    def get_paginated_component_name(self, serializer):
+        return 'Paginated' + self.get_component_name(serializer, 'GET')
+
     def get_error_component_name(self, serializer):
         return self.get_component_name(serializer, 'GET') + 'Error'
 
@@ -716,6 +719,9 @@ class AutoSchema(ViewInspector):
     def _get_reference(self, serializer, method):
         return {'$ref': '#/components/schemas/{}'.format(self.get_component_name(serializer, method))}
 
+    def _get_paginated_reference(self, serializer):
+        return {'$ref': '#/components/schemas/{}'.format(self.get_paginated_component_name(serializer))}
+
     def _get_error_reference(self, serializer):
         return {'$ref': '#/components/schemas/{}'.format(self.get_error_component_name(serializer))}
 
@@ -763,7 +769,9 @@ class AutoSchema(ViewInspector):
             }
             paginator = self.get_paginator()
             if paginator:
-                response_schema = paginator.get_paginated_response_schema(response_schema)
+                pagination_schema = paginator.get_paginated_response_schema(response_schema)
+                self.components[self.get_paginated_component_name(serializer)] = pagination_schema
+                response_schema = self._get_paginated_reference(serializer)
         else:
             response_schema = item_schema
         status_code = '201' if method == 'POST' else '200'
diff --git a/tests/schemas/test_openapi.py b/tests/schemas/test_openapi.py
index d39f2dbf1..0eca387a8 100644
--- a/tests/schemas/test_openapi.py
+++ b/tests/schemas/test_openapi.py
@@ -474,13 +474,7 @@ class TestOperationIntrospection(TestCase):
                 'content': {
                     'application/json': {
                         'schema': {
-                            'type': 'object',
-                            'item': {
-                                'type': 'array',
-                                'items': {
-                                    '$ref': '#/components/schemas/Item'
-                                },
-                            },
+                            '$ref': '#/components/schemas/PaginatedItem',
                         },
                     },
                 },
@@ -488,6 +482,15 @@ class TestOperationIntrospection(TestCase):
         }
         components = inspector.get_components(path, method)
         assert components == {
+            'PaginatedItem': {
+                'type': 'object',
+                'item': {
+                    'type': 'array',
+                    'items': {
+                        '$ref': '#/components/schemas/Item'
+                    },
+                },
+            },
             'Item': {
                 'type': 'object',
                 'properties': {