Inequality in Labor Market Outcomes: Contrasting the 1980's and Earlier Decades
University of Houston - Department of Economics; Institute for the Study of Labor (IZA)
Kevin M. Murphy
University of Chicago; National Bureau of Economic Research (NBER)
Economic Policy Review, Vol. 1, No. 1, January 1995
The increase in wage inequality during the 1980s was exceptional, but underlying demand and supply conditions showed relatively little contrast compared to previous decades. One possible explanation is that the increased demand for skills during the 1980s was unusually concentrated among the most skilled workers rather than being spread throughout the skill distribution.
Number of Pages in PDF File: 7
Keywords: wages, inequality, skill
JEL Classification: J31
Date posted: November 16, 2007
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