Ohanian, Lee; Lagakos, David; Alder, Simeon - Society for Economic Dynamics - SED - 2012
Some regions of the United States fared much worse than others since the end of WWII. In this paper we document that those regions faring worst in terms of wage and employment growth from 1950-2000 tended to be those in which workers earned the largest wage premiums in 1950. We use this evidence...