Title: Why Has Wage Inequality Risen Most Where Wage Shares Have Fallen Least
Abstract:Most developed countries have experienced rising wage inequality and falling wage shares, which are often blamed on the same forces - globalisation, technical change, and weakening labour market insti...Most developed countries have experienced rising wage inequality and falling wage shares, which are often blamed on the same forces - globalisation, technical change, and weakening labour market institutions. This paper shows, however, that wage inequality has risen the most in those countries where wage shares have fallen the least, and vice-versa. It is difficult to plausibly account for this pattern using a range of proxies for the above and other suggested explanations. Excluding the top 1% of incomes from the wage share makes little difference to the resultsRead More
Publication Year: 2013
Publication Date: 2013-10-01
Language: en
Type: preprint
Access and Citation
Cited By Count: 2
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot