Garicano, Luis; Rossi-Hansberg, Esteban - University <Chicago, Ill.> / Department of Economics; … - 2004
Since the seminal work of Katz and Murphy (1992), the study of wage inequalityhas taken as its starting point a neoclassical CES production function using as inputscapital and low and high skill labor. This approach assumes that the organization ofproduction is fixed and determined by a...