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.

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

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Series:	Working Paper ; 2010-09
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	641897189 [GVK] hdl:10419/64188 [Handle] RePEc:ums:papers:2010-09 [RePEc]
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:	EconStor

Persistent link: https://www.econbiz.de/10010287833