Growing numbers of university students in Britain and the United States are staying on after their first degrees to invest in a postgraduate qualification. Joanne Lindley and Stephen Machin document this trend and assess the impact on wage inequality - among graduates and across the labour force...

This paper considers what has hitherto been a relatively neglected subject in the wage inequality literature, albeit one that has been becoming more important over time, namely the role played by increases in postgraduate education. We document increases in the number of workers with a...

Guy Michaels and colleagues show how new technologies are polarising the labour market, with the middle-skilled losing out most

OECD labor markets have become more "polarized" with employment in the middle of the skill distribution falling relative to the top and (in recent years) also the bottom of the skill distribution. We test the hypothesis of Autor, Levy, and Murnane (2003) that this is partly due to information...

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...