Borjas, George J. - Federal Reserve Bank <New York, NY> - 1995
andexplain the dramatic changes in the wage distributionthat occurred during the 1980s (see also Katz andMurphy 1992 …). Practically every income group faced adecline in real wages during the 1980s. However, workersat the 33rd percentile experienced a … 14 percent drop in thereal wage, workers at the 66th percentile experienced onlya 6 percent drop, and workers in the …