The authors examine the effects of employment restructuring in the 1980s on white, black, and Hispanic men and women within a labor market segmentation framework. Cluster analysis is used to determine whether jobs can be grouped into a small number of relatively homogeneous clusters on the basis...

The earnings of low-skill workers have suffered substantial declines since the mid 1970 s. The conventional explanation is that a technology-induced increase in skill requirements has resulted in a growing mismatch between the skills demanded by firms and those supplied by the workforce:...

The rapid growth in wage inequality and the rising incidence of low earnings in the 1980's can be traced in large part to the sharp decline in the real hourly wages of lowskill men. This paper examines alternative explanations for this wage collapse. A widely accepted story is that this collapse...

This paper examines the effects of recent employment restructuring on young workers by race and sex. Detailed Census occupations are grouped into 10 job segments based on earnings, education and annual hours worked in 1979. Job segments in which young black men were most concentrated had the...

David R. Howell argues that the collapse of low-skill wages in the United States cannot be explained by a skill mismatch resulting from a technology-driven decline in the demand for low-skill labor. He presents evidence refuting the prevailing belief that a substantial shift in demand away from...

There has been much recent research on the world distribution of income, but also growing recognition of the importance of other contributions to well-being, including those of household wealth. Wealth is important in providing security and opportunity, particularly in poorer countries that lack...

We found that on average over the period from 1989 to 2007, 21 percent of American households at a given point of time received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of households could expect to receive a wealth transfer and...

We provide levels of, compositions of, and inequalities in household augmented wealth - defined as the sum of net worth and pension wealth - for two countries: the United States and Germany. Pension wealth makes up a considerable portion of household wealth: about 48% in the United States and...