Labor heterogeneity, inequality and institutional change

US earnings inequality has increased dramatically since the 1970s, and the prospect of a reversal depends on what caused the trend. The standard explanation emphasizes skill-biased technical change. This paper briefly considers some aggregation issues and then proceeds to outline two alternative perspectives .power biased technical change and the effects of induced mismatch in the labor market .and their implications. JEL Categories: J31, J41, O33

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Year of publication:	2010-09
Authors:	Skott, Peter
Institutions:	Department of Economics, University of Massachusetts-Amherst
Subject:	inequality \| power-biased technological change \| minimum wages \| overeducation \| mismatch \| efficiency wage \| aggregation

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Extent:	application/pdf
Series:	UMASS Amherst Economics Working Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008672011