Job Polarization and Rising Inequality in the Nation and the New York-Northern New Jersey Region

7 Pages Posted: 19 Oct 2012

See all articles by Jaison R. Abel

Jaison R. Abel

Federal Reserve Bank of New York

Richard Deitz

Federal Reserve Bank of New York - Research Group

Date Written: October 1, 2012

Abstract

Since the 1980s, employment opportunities in both the United States and the New York – northern New Jersey region have become increasingly polarized. While technological advances and globalization have created new jobs for workers at the high end of the skill spectrum and largely spared the service jobs of workers at the low end, these forces have displaced many jobs involving routine tasks – traditionally the sphere of middle-skill workers. Moreover, these same forces have pushed up wages for high-skill workers disproportionately, contributing to increased wage inequality. The rise in inequality has been especially sharp in downstate New York and northern New Jersey, where the wage gap is now markedly larger than in the nation.

Keywords: job polarization, inequality

JEL Classification: J21, J24, J31, R10

Suggested Citation

Abel, Jaison R. and Deitz, Richard, Job Polarization and Rising Inequality in the Nation and the New York-Northern New Jersey Region (October 1, 2012). Current Issues in Economics and Finance, Vol. 18, No. 7, 2012, Available at SSRN: https://ssrn.com/abstract=2163765 or http://dx.doi.org/10.2139/ssrn.2163765

Jaison R. Abel (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Richard Deitz

Federal Reserve Bank of New York - Research Group ( email )

33 Liberty Street
New York, NY 10045
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
124
Abstract Views
928
rank
282,768
PlumX Metrics