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Investment in technology increased rapidly in the United States during the past two decades, leading some to herald the birth of a "new economy." This new economy, marked by rapid productivity growth, rising incomes, low unemployment, and moderate inflation, creates a "rising tide that lifts all...
Persistent link: https://www.econbiz.de/10005361030
A standard object of empirical analysis in labor economics is a modified Mincer wage function in which an individual's log wage is specified to be a function of education, experience, and an indicator variable identifying race. Researchers hope that estimates from this exercise can be...
Persistent link: https://www.econbiz.de/10005077873
Persistent link: https://www.econbiz.de/10005346626
The trend toward increasing U.S. wage inequality during the 1980s is well documented. I investigate the role of employment shifts from goods-producing to service-producing industries in contributing to increased inequality during the period 1979-1995. Earlier analyses revealed that average...
Persistent link: https://www.econbiz.de/10005352384
Speech to the Center for the Study of Democracy 2006-2007 Economics of Governance Lecture, University of California, Irvine, November 6, 2006>
Persistent link: https://www.econbiz.de/10010724805
a speech before the Greater Omaha Chamber of Commerce, Omaha, Nebraska
Persistent link: https://www.econbiz.de/10010725350
Changes in the fraction of workers experiencing job separations can account for most of the increase in earnings dispersion that occurred both between, as well as within educational groups in the United States from the mid-1970s to the mid- 1980s. This is not true of changes in average earnings...
Persistent link: https://www.econbiz.de/10008636222
explain why real wages have not kept up with aggregate measures of real income. …
Persistent link: https://www.econbiz.de/10008456392
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10005762377
traced to the stagnation of wages at the low end of the earnings distribution. …
Persistent link: https://www.econbiz.de/10004993857