Frontmatter -- Contents -- Publisher's Note -- Introduction: Markets and Diversity -- PART I. The Value of Diversity -- PART II. The Division of Labor and Human Capital -- PART III. Diversity and the Distribution of Income -- Author Index -- Subject Index

Several empirical regularities motivate most theories of the distribution of labor earnings. Earnings distributions tend to be skewed to the right and display long right tails. Mean earnings always exceed median earnings and the top percentiles of earners account for quite a disproportionate...