A New Model of Wage Determination and Wage Inequality This paper proposes a new model of wage determination and wage inequality. In this model, wage-setters set workers’ wages; they do so either directly, as when individuals vote in a salary committee, or indirectly, as when political parties, via the myriad of social, economic, fiscal, and other policies, generate wages. The recommendations ma...

The wage of the 90th (richest) percentile of the wage distribution in Chile increased faster than the median wage and the wage of the 10th percentile between 1975 and 1990. By contrast, from 1990 onwards the wage of the 10th percentile and the median wage grew faster than the 90th percentile. This is one of many findings showing that wage inequality in Chile has been falling, first slowly, then...

Occupations provide a central unit of analysis for economic inequality in stratification research for two main reasons. First, occupations are supposed to structure inequality. Second, occupations are supposed to proxy as a source of inequality. Although there was a ‘massive rise’ in British wage inequality, relatively little is known about the relationship between the occupations and growing B...

Wage inequality has increased dramatically over the last 30 to 40 years in the US and in the UK (see, for example, Autor and Katz, 1999). Economists have devoted a substantial amount of work to the documentation and interpretation of the evolution of wage inequality and several of its dimensions, such as the skill premium, or racial and gender wage gaps. One variable whose role is often stresse...

â â â â  â  abstract â  most debates about the role of tariff cuts on the level of employment and rate of wages in labor market have come out of well-known hecscher – ohlin and stopler – samuelson (hos) theorems. considering the fact that we have divided the workforce into skilled and unskilled labors the present paper assesses the impacts of tariff cuts on labor market indicators in iran. ...

Abstract This paper offers a theoretical model of the adoption and diffusion of computers at work to analyze between-group and within-group wage inequality, inspired by the empirical observation that the composition of the group of workers using a computer changes over time and that the timing of the rise in between-group and within-group wage inequality is different. The model conjectures that...

In recent decades, American workers have faced a rising college premium, a narrowing gender gap, and increasing wage volatility. This paper explores the quantitative and welfare implications of these changes. The framework is an incomplete-markets life cycle model in which individuals choose education, intrafamily time allocation, and savings. Given the observed history of the U.S. wage structu...

We reassess the effect of minimum wages on US earnings inequality using additional decades of data and an IV strategy that addresses potential biases in prior work. We find that the minimum wage reduces inequality in the lower tail of the wage distribution, though by substantially less than previous estimates, suggesting that rising lower tail inequality after 1980 primarily reflects underlying...

Centralized wage-setting institutions are considered to be more effective at reducing wage inequality. In this paper, I offer an expansive cross-national analysis of the effects of recent liberalization in wage-setting institutions on wage inequality in the OECD, taking into special consideration the effects of EU and EMU membership. A qualitative comparison of liberalization occurring within E...

The gender segregation of occupations is an enduring feature of the labour market, and pay in femaledominated occupations remains lower than in male-dominated occupations. However, recent changes in the occupational structure have possibly altered the relationship between occupational segregation and the gender pay gap. Women’s skills are increasingly in demand, and this is reducing the gender ...