Work

Labor in the New Economy

Type: book
Abstract: This chapter discusses the changes in wage inequality over the last thirty years. It tries to identify in the clearest possible way, using Current Population Survey (CPS) data, what have been the main changes in inequality and the wage structure since the early 1970s. The purpose of this exercise is to establish the basic facts about the variety of measurement problems and identify changes in wage inequality. These measurement problems include topcoding, the growing nonresponse to earnings item in the CPS. The pattern of change in inequality across education groups is highly consistent with the broader changes at the top and low ends of the distribution. The mean wages of college graduates and postgraduates increased steadily relative to high school graduates, though the growth was more marked in the 1980s.
Language: English
Open Access status: green
OpenAlex ID: W4213321509
Cites: 25
Cited by: 24
Related to: 10