The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
The Macroeconomic Implications of Rising Wage Inequality in the United States
Abstract
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 structure, the model replicates key trends in cross-sectional inequality in hours worked, earnings, and consumption. Recent cohorts enjoy welfare gains, on average, as higher relative wages for college graduates and for women translate into higher educational attainment and a more even division of labor within the household.
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Citations
Cites
Changes in Relative Wages, 1963-1987: Supply and Demand Factors
Katz, L. F., & Murphy, K. M. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118323 · Cited by 4,793
The Quiet Revolution That Transformed Women's Employment, Education, and Family
Goldin, C. (2006) · American Economic Review · doi:10.1257/000282806777212350 · Cited by 1,831
Technical change, inequality, and the labor market
Acemoglu, D. (2002) · Journal of Economic Literature · doi:10.1257/jel.40.1.7 · Cited by 1,767
The measurement and structure of household wealth
Juster, F. T., Smith, J. P., & Stafford, F. (1999) · Labour Economics · doi:10.1016/s0927-5371(99)00012-3 · Cited by 275
Cited by
Loebbecke, C., & Picot, A. (2015) · The Journal of Strategic Information Systems · doi:10.1016/j.jsis.2015.08.002 · Cited by 1,317
Cultural Change as Learning: The Evolution of Female Labor Force Participation over a Century
Fernández, R. (2013) · American Economic Review · doi:10.1257/aer.103.1.472 · Cited by 641
Gender Gaps and the Rise of the Service Economy
Ngai, L. R., & Petrongolo, B. (2017) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20150253 · Cited by 332
What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?
Guvenen, F., Karahan, F., Ozkan, S., & Song, J. (2021) · Econometrica · doi:10.3982/ecta14603 · Cited by 282
Inequality, stock market participation, and the equity premium
Favilukis, J. (2013) · Journal of Financial Economics · doi:10.1016/j.jfineco.2012.10.008 · Cited by 156
Metadata
- Authors
- Heathcote, J., Storesletten, K., & Violante, G. L.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2010-08
- Volume
- 118
- Issue
- 4
- Pages
- 681-722
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2890667270
- Cited by
- 454
- References
- 4
- FWCI
- 70.98
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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