Wage Inequality in Latin America : Understanding the Past to Prepare for the Future

Cover -- Half Title -- Title -- Copyright -- Contents -- Acknowledgments -- About the Authors -- Abbreviations -- Chapter 1: Introduction -- Rationale -- Road Map of the Book -- Annex 1A. Background Papers for This Book -- Notes -- References -- Chapter 2: Wage Inequality Changes since 1990: Key Trends and Stylized Facts -- Introduction -- Trends in Overall Inequality -- Trends in Wage Inequality -- Contribution of Skills and Education to the Changes in Overall Wage Inequality -- Contribution of Pay Differentials among Workers with Similar Skills to Overall Wage Inequality -- Labor Supply Trends: Rising Numbers of More-Educated Workers -- Macroeconomic Conditions and Labor Demand Shifts -- The Labor Market of Skilled and Unskilled Workers and Differences across Tradable and Nontradable Sectors -- Informality and Wage Inequality -- Cross-Country Heterogeneity in Main Trends, and Correlations between Key Inequality-Related Indicators -- Conclusions -- Annex 2A. Supplementary Wage and Income Inequality Figures -- Annex 2B. Robustness of Returns to Skill to Different Estimation Methodologies -- Annex 2C. Robustness of Employment and Skill-Use Growth in Tradable and Nontradable Industries to a Different Definition -- Annex 2D. Country-by-Country Changes in Inequality-Related Indicators and Correlations between the Key Variables -- Annex 2E. Supplementary Informality Figures and Correlations -- Notes -- References -- Chapter 3: The Role of Labor Supply in Wage Inequality Trends -- Introduction -- Skill Supply and Demand in the Determination of Relative Wages -- Falling Wages of Recent Cohorts of College-Educated Workers: Degraded Tertiary versus Skill Obsolescence -- The Degraded Tertiary Effect -- Conclusions -- Notes -- References -- Chapter 4: The Role of Labor Demand Conditions in Wage Inequality Trends -- Introduction