Labor heterogeneity, inequality and institutional change

by Peter Skott

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.

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Year of publication:	2010
Authors:	Skott, Peter
Publisher:	Amherst, Mass. : Univ. of Massachusetts, Dep. of Economics
Subject:	Inequality \| power-biased technological change \| minimum wages \| overeducation \| mismatch \| efficiency wage \| aggregation \| Mindestlohn \| Minimum wage \| Einkommensverteilung \| Income distribution \| Effizienzlohn \| Efficiency wages \| Theorie \| Theory \| Lohnstruktur \| Wage structure \| Technischer Fortschritt \| Technological change \| Institutioneller Wandel \| Institutional change \| Qualifikation \| Occupational qualification

Extent:	Online-Ressource (PDF-Datei: 17 S., 228 KB) graph. Darst.
Series:	Economics Department working paper series. - Amherst, Mass. : [Verlag nicht ermittelbar], ZDB-ID 2407593-0. - Vol. 2010,09
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	This paper is based on a presentation at the conference on "The Effect of Crises on Distribution", New School for Social Research, March 2010. The conference version of the paper will appear in the New School Economic Review, Vol 4 (1), under the title "Power biased technical change, endogenous mismatch and institutional change". Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/64188 [Handle]
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10008758088