Hornstein, Andreas; Krusell, Per; Violante, Giovanni L. - 2005
unemployment and an increased labor share of income, variables that remained stable in the U.S. We hypothesize that these changes … among workers in the labor market. A key focus is on the rise of U.S. wage inequality over the past 30 years. However, we … in labor market inequalities can be accounted for by the wave of capital-embodied technological change, which we also …
