Explaining trends in wages, work, and occupations

Abstract: The inequality of labor market earnings in the U.S. has increased dramatically in recent decades. However, closer examination of the data reveals two distinct periods of rising inequality: 1973?89 and 1989?2005. The first period was one of diverging wages throughout the distribution, while the second period was one of polarizing wage growth.

Keywords: Labor market; Wages; Employment;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2009

Issue: Apr

Order Number: 261