Chin, Aimee; Juhn, Chinhui; Thompson, Peter - Department of Economics, Florida International University - 2004
relative to their counterparts on sail. Our data allow us to identify this steam premium as a skill premium rather than a … compensating differential. At the managerial level, we identify a skill premium on steam for mates, whose job became more complex … the skill premium, but such measures are too crude to illuminate the rich wage dynamics induced by a major technical …