Work

Reflections on the Inter-Industry Wage Structure

Year: 1986

Type: report

Abstract: This paper reviews available evidence on the inter-industry wage structure.The inter-industry wage structure is remarkably similar in different eras, in different countries, and among different types of workers.Industries with high capital-to- labor ratios, monopoly power and high profits pay relatively high wages.We conclude that the competitive model cannot without substantial modification provide an adequate explanation of the inter-industry wage structure.The implications of this finding for micro and macro economic theory and policy are examined.

Source: National Bureau of Economic Research

DOI: 10.3386/w1968

Authors: Alan Krueger, Lawrence Summers

Institutions: National Bureau of Economic Research, Harvard University, IZA - Institute of Labor Economics, Princeton University

Language: English

Topic: Labor market dynamics and wage inequality

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2167574364

Cites: 17

Cited by: 303

Related to: 10