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Wages have been spreading out across workers over time - or in other words, the 90th/50th wage ratio has risen over time. A key question is, has the productivity distribution also spread out across worker skill levels over time? Using our calculations of productivity by skill level for the U.S.,...
Persistent link: https://www.econbiz.de/10013477226
This study estimates what fraction of the rise in family income inequality in the United States between 1968 and 2000 is accounted for by change in each of the family income components such as wages, employment, and hours worked of family heads and spouses, family structure, and other incomes....
Persistent link: https://www.econbiz.de/10012466835
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...
Persistent link: https://www.econbiz.de/10014436977
We document that between 50% and 70% of changes in the US wage structure over the last four decades are accounted for by the relative wage declines of worker groups specialized in routine tasks in industries experiencing rapid automation. We develop a conceptual framework where tasks across a...
Persistent link: https://www.econbiz.de/10012585404
The benefits of new technologies accrue not only to high-skilled labor but also to owners of capital in the form of higher capital incomes. This increases inequality. To make this argument, we develop a tractable theory that links technology to the personal income and wealth distributions - and...
Persistent link: https://www.econbiz.de/10012482656
This paper explores the relationship between technological change and inequality in the U.S. since the late 1960's. The analysis focuses primarily on studying patterns and trends in the dispersion of various distributions of earnings and income during this recent period of rapid technological...
Persistent link: https://www.econbiz.de/10012476731
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