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supply and demand for skills by assuming two distinct skill groups that perform two different and imperfectly substitutable … complementing either high or low skill workers, can generate skill biased demand shifts. In this paper, we argue that despite its … decades, including: ( 1 ) significant declines in real wages of low skill workers, particularly low skill males; ( 2 ) non …
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trade or skill-biased technological change. …
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A vast literature aimed at understanding the nature and causes of wage inequality focuses on the skill premium as a key … object of interest. In an environment where both the skill premium and the share of skilled workers are changing, however …, the between-skill-group component of inequality may fall even as the skill premium rises - a pattern that is indeed …
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