DP2321 Inequality of Earnings
|Author(s):||Dennis J. Snower|
|Publication Date:||December 1999|
|Keyword(s):||Earnings, Education, Globalization, Income Distribution, Inequality, Labour Supply, Minimum Wage, Organizational Change, Skilled and Unskilled Workers, Technological Change, Unionization, Wage Rigidities|
|JEL(s):||D23, D24, D31, D33, D63|
|Programme Areas:||Labour Economics, Public Economics|
|Link to this Page:||www.cepr.org/active/publications/discussion_papers/dp.php?dpno=2321|
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained. Finally, it considers the implications of organizational change as a possible rationale for recent inequality developments.