over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …

We conduct a systematic empirical study of cross-sectional inequality in the United States, integrating data from the … Finances. In order to understand how different dimensions of inequality are related via choices, markets, and institutions, we … wage inequality over the sample period. Changes in the distribution of hours worked sharpen the rise in earnings inequality …

In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching …, and (ii) the total amount of wage inequality generated by frictions is very small. We explain these findings in light of …

inequality when workers are ex-ante equal, but their adaptability to new technologies is subject to stochastic factors that are … the demand for adaptable workers. In the model the rise in within-group inequality is mainly transitory, and is mirrored …

, greater wage inequality presents opportunities to increase aggregate productivity by concentrating market work among more …

.e., inequality among observationally similar workers) exceeds the model's prediction by a factor of 20. We discuss three extensions …

technology growth and institutional variables affect equilibrium wage inequality, income shares and unemployment. Next, it … applies the model to a quantitative evaluation of capital as an origin of wage inequality: at the current rate of embodied … wage inequality. …

This Paper provides an interpretation for the recent rise in residual wage inequality which is consistent with the … this mechanism can account for 30% of the surge in residual inequality in the US economy (or for most of its transitory …

This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross … than wage dispersion, due to a rise in the correlation between wages and hours worked. Over the same period, inequality in … hours worked remained roughly constant, and consumption inequality increased only modestly. Using data from the PSID, we …