Introduction: moderation in all things, even income -- Defining excess -- The magic of maximum multiples -- A society without a super rich -- Pipe dream or politically practical project? -- Evolving toward equity

This paper applies a new approach to the estimation of the impact of policy, both the levels and the changes, on wage differentials using a new high-quality data set on wage differentials by schooling level for 18 Latin American countries for the period 1977-1998. The results indicate that...