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Title:Labor heterogeneity, inequality and institutional change PDF Logo
Authors:Skott, Peter
Issue Date:2010
Series/Report no.:Working Paper, University of Massachusetts, Department of Economics 2010-09
Abstract: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.
power-biased technological change
minimum wages
efficiency wage
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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