Machin, Stephen and Van Reenen, John 
ORCID: 0000-0001-9153-2907
(2008)
Changes in wage inequality.
In: Durlauf, Steven N. and Blume, Lawrence E., (eds.)
The New Palgrave Dictionary of Economics.
Palgrave Macmillan, Basingstoke, UK, pp. 658-666.
ISBN 9780333786765
Abstract
We examine trends in wage inequality in the United States and other countries since the 1960s. We show that there has been a secular increase in the 90–50 wage differential in the United States and the United Kingdom since the late 1970s. By contrast the 50–10 wage differential rose mainly in the 1980s and flattened or fell in the 1990s and 2000s. We conclude that a version of the skill-biased technical change hypothesis combined with institutional changes (the decline in the minimum wage and trade unions) continues to offer the best explanation for the observed patterns of change.
| Item Type: | Book Section |
|---|---|
| Official URL: | http://www.palgrave.com/ |
| Additional Information: | © 2008 Palgrave Macmillan |
| Divisions: | Economics Centre for Economic Performance |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| JEL classification: | J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc. N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Income, and Wealth > N30 - Economic History: Labor and Consumers, Demography, Education, Health, Income and Wealth: General, International, or Comparative (Migration) |
| Date Deposited: | 07 Apr 2011 11:19 |
| Last Modified: | 01 Mar 2024 07:09 |
| URI: | http://eprints.lse.ac.uk/id/eprint/33944 |
Actions (login required)
 |
View Item |
