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Changes in Relative Wages, 1963-1987: Supply and Demand Factors
Open accessAbstract
A simple supply and demand framework is used to analyze changes in the U.S. wage structure from 1963 to 1987.Rapid secular growth in the demand for more-educated workers1 more-skilled' workers, and females appears to be the driving force behind observed changes in the wage structure.Measured changes in the allocation of labor between industries and occupations strongly favored college graduates and females throughout the period.Movements in the college wage premium over this period appear to be strongly related to fluctuations in the rate of growth of the supply of college graduates.
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Cited by
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Brynjolfsson, E., Li, D., & Raymond, L. (2023) · National Bureau of Economic Research · doi:10.3386/w31161 · Cited by 995
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Costinot, A., & Rodríguez-Clare, A. (2013) · doi:10.3386/w18896 · Cited by 501
Relative Wage Movements and the Distribution of Consumption
Attanasio, O., & Davis, S. J. (1996) · Journal of Political Economy · doi:10.1086/262058 · Cited by 448
Unions and Inequality Over the Twentieth Century: New Evidence from Survey Data
Farber, H., Herbst, D., Kuziemko, I., & Naidu, S. (2018) · National Bureau of Economic Research · doi:10.3386/w24587 · Cited by 319
Metadata
- Authors
- Katz, L., & Murphy, K.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1991-12
- OpenAlex
- W2943862550
- Cited by
- 700
- References
- 0
- Type
- report
- Language
- en
- Open access
- green
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