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This paper assesses the role of technology in generating the growth of wage inequality in the 1980s and 1990s. Much of the existing literature fails to adequately address this issue for two reasons. First, most of the literature fails to examine whether technology's impact on skill demands was...
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Conventional economic wisdom holds that labor demand in the U.S. labor market has shifted over the past few decades against low-skilled workers, contributing to the plight of the working poor. This result, however, is sensitive to how we define unskilled workers. If they are defined in terms of...
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This article uses unobserved components time series models to capture the underlying trends in the quarterly deciles of US hourly wages. Tests of stability and divergence are suggested as a means of assessing changes in inequality. The decrease in the wage gender gap is examined and the impact...
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Full employment is the main goal, say these two noted public policy economists. What's more, let's put aside excuses. We can get there.
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