Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64188
Authors: 
Skott, Peter
Year of Publication: 
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.
Subjects: 
inequality
power-biased technological change
minimum wages
overeducation
mismatch
efficiency wage
aggregation
JEL: 
J31
J41
O33
Document Type: 
Working Paper

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