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A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the supply and demand for skills by assuming two...
Persistent link: https://www.econbiz.de/10013116038
We exploit the changes in the distribution of family income to estimate the effect of parental resources on college education. Our strategy exploits the fact that families at the bottom of the income distribution were much poorer in the 1990s than they were in the 1970s, while the opposite is...
Persistent link: https://www.econbiz.de/10013230970
The U.S. wage structure evolved across the last century: narrowing from 1910 to 1950, fairly stable in the 1950s and 1960s, widening rapidly during the 1980s, and quot;polarizingquot; since the late 1980s. We document the spectacular rise of U.S. wage inequality after 1980 and place recent...
Persistent link: https://www.econbiz.de/10012759725
U.S. educational and occupational wage differentials were exceptionally high at the dawn of the twentieth century and then decreased in several stages over the next eight decades. But starting in the early 1980s the labor market premium to skill rose sharply and by 2005 the college wage premium...
Persistent link: https://www.econbiz.de/10012760301
The American Northeast industrialized rapidly from about 1820 to 1850, while the South remained agricultural. Industrialization in the Northeast was substantially powered during these decades by female and child labor, who comprised about 45% of the manufacturing work force in 1832. Wherever...
Persistent link: https://www.econbiz.de/10013222325
Economic inequality is higher today than it has been since 1939, as measured by both the wage structure and wealth inequality. But the comparison between 1939 and 1999 is largely made out of necessity; the 1940 U.S. population census was the first to inquire of wage and salary income and...
Persistent link: https://www.econbiz.de/10013222620
The structure of wages narrowed considerably during the 1940's, increased slightly during the 1950's and 1960's, and then expanded greatly after 1970. The era of wage stretching of the past two decades has been a current focus, but we return attention here to the decade that was witness to an...
Persistent link: https://www.econbiz.de/10013224691
Supervisory and monitoring costs are explored to understand aspects of occupational segregation by sex. Around the turn of this century 47 percent of all female manufacturing operatives were paid by the piece, but only 13 percent of the males were. There were very few males and females employed...
Persistent link: https://www.econbiz.de/10013324635