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In this paper, we argue that wage volatility is a good proxy for wage inequality because of the strong and lagged correlation between the two. For seven industry categories, inequality is modeled as a conditional variance process over the period 1964-1988. It is modified to allow for explanatory...
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1950s/early 1960s greatly expanded the research on education and income and shifted the focus to wages. The human capital … estimating the returns to education and experience. Recent analyses of education and wages have built on this foundation and have …
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