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http://ssrn.com/abstract=249504
 
 

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Changes in Relative Wages, 1963-1987: Supply and Demand Factors


Lawrence F. Katz


Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Kevin M. Murphy


University of Chicago; National Bureau of Economic Research (NBER)

December 1991

NBER Working Paper No. w3927

Abstract:     
A simple supply and demand framework is used to analyze changes in the U.S. wage structure from 1963 to 1987. Rapid secular growth in the demand for more-educated workers, 'more-skilled' workers, and females appears to be the driving force behind observed changes in the wage structure. Measured changes in the allocation of labor between industries and occupations strongly favored college graduates and females throughout the period. Movements in the college wage premium over this period appear to be strongly related to fluctuations in the rate of growth of the supply of college graduates.

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Date posted: December 21, 2000  

Suggested Citation

Katz, Lawrence F. and Murphy, Kevin M., Changes in Relative Wages, 1963-1987: Supply and Demand Factors (December 1991). NBER Working Paper No. w3927. Available at SSRN: http://ssrn.com/abstract=249504

Contact Information

Lawrence F. Katz (Contact Author)
Harvard University - Department of Economics ( email )
Littauer Center
Room 215
Cambridge, MA 02138
United States
617-495-5148 (Phone)
617-868-2742 (Fax)
HOME PAGE: http://www.economics.harvard.edu/faculty/katz/katz
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Kevin M. Murphy
University of Chicago ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-7280 (Phone)
773-702-2699 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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