What are the causes of rising wage inequality in the United States?
Abstract: During the last 15 years--especially in the 1980s--wage inequality rose in the United States. It appears that this can be explained by a secular shift in production functions favoring workers with intellectual rather than manual skills, together with slower growth in the supply of skilled labor than in the previous decade.
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Provider: Federal Reserve Bank of New York
Part of Series: Economic Policy Review
Publication Date: 1995
Order Number: v. 1. no. 1