Goldin, Claudia; Katz, Lawrence F. - National Bureau of Economic Research - 1999
Economic inequality is higher today than it has been since 1939, as measured by both the wage structure and wealth … first to inquire of wage and salary income and education. We address what the returns to skill were prior to 1940 and piece … together the first century-long history of skill premiums, the dispersion of the wage structure, and returns to formal …