Wage inequality and demand for skill: evidence from five decades.

The 1940-90 Censuses are used to examine long-run changes in male wage inequality and skill premiums and investigate the extent to which shifts in observable measures of skill supply and demand can account for relative wage fluctuations across decades. A simple supply and demand framework is quite...

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Publicado en:Industrial & Labor Relations Review Vol. 52; no. 3; pp. 424 - 444
Autor principal: Juhn, Chinhui
Formato: Artículo
Publicado: Cornell University April 1999
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Wage inequality and demand for skill: evidence from five decades.
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        au: Juhn, Chinhui
      su:
        Education & economics
        Wage differentials
        Labor market
        History
        Skilled labor
        Employment
        United States
      sug:
        subj:
          United States
          Education & economics
          Wage differentials
          Labor market
          History
          Skilled labor
          Employment
      ab: The 1940-90 Censuses are used to examine long-run changes in male wage inequality and skill premiums and investigate the extent to which shifts in observable measures of skill supply and demand can account for relative wage fluctuations across decades. A simple supply and demand framework is quite successful in accounting for movements in the education premium but is less successful in explaining changes in overall wage inequality. Although the difference between the 90th and 10th percentiles of the log wage distribution dropped sharply in the 1940s and increased at an accelerating rate in the 1980s, relative demand for the most versus the least skilled workers rose steadily throughout the period. The pace of industrial change and especially the expansion of medium-skilled sectors, such as blue-collar manufacturing, seem to have been inversely related to overall wage inequality growth.
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    language: English
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