CEPR Discussion Paper Series, Centre for Economic Policy Research (CEPR), London 2321
This Paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand–supply framework of analysis and what is left unexplained. Finally, it considers the implications of organizational change as a possible rationale for recent inequality developments.
income distribution earnings wage rigidities skilled and unskilled workers education globalization technological change organizational change labour supply minimum wage unionization inequality