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Job polarization and rising inequality in the nation and the New York-northern New Jersey region

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Abstract

Since the 1980s, employment opportunities in both the United States and the New York?northern New Jersey region have become increasingly polarized. While technological advances and globalization have created new jobs for workers at the high end of the skill spectrum and largely spared the service jobs of workers at the low end, these forces have displaced many jobs involving routine tasks?traditionally the sphere of middle-skill workers. Moreover, these same forces have pushed up wages for high-skill workers disproportionately, contributing to increased wage inequality. The rise in inequality has been especially sharp in downstate New York and northern New Jersey, where the wage gap is now markedly larger than in the nation.

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  • Jaison R. Abel & Richard Deitz, 2012. "Job polarization and rising inequality in the nation and the New York-northern New Jersey region," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 18(Oct).
  • Handle: RePEc:fip:fednci:y:2012:i:oct:n:v.18no.7
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    References listed on IDEAS

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    1. Nir Jaimovich & Henry E. Siu, 2020. "Job Polarization and Jobless Recoveries," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 129-147, March.
    2. Kenneth A. Couch & Dana W. Placzek, 2010. "Earnings Losses of Displaced Workers Revisited," American Economic Review, American Economic Association, vol. 100(1), pages 572-589, March.
    3. David H. Autor & David Dorn, 2013. "The Growth of Low-Skill Service Jobs and the Polarization of the US Labor Market," American Economic Review, American Economic Association, vol. 103(5), pages 1553-1597, August.
    4. Maarten Goos & Alan Manning, 2007. "Lousy and Lovely Jobs: The Rising Polarization of Work in Britain," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 118-133, February.
    5. Firpo, Sergio & Fortin, Nicole M. & Lemieux, Thomas, 2011. "Occupational Tasks and Changes in the Wage Structure," IZA Discussion Papers 5542, Institute of Labor Economics (IZA).
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    1. Nathan Seltzer, 2019. "Beyond the Great Recession: Labor Market Polarization and Ongoing Fertility Decline in the United States," Demography, Springer;Population Association of America (PAA), vol. 56(4), pages 1463-1493, August.
    2. Zhiyuan Ma & Yunli Bai & Linxiu Zhang, 2024. "Sustainable Development of the Rural Labor Market in China from the Perspective of Occupation Structure Transformation," Sustainability, MDPI, vol. 16(7), pages 1-22, April.
    3. Rosalia Castellano & Gaetano Musella & Gennaro Punzo, 2019. "Exploring changes in the employment structure and wage inequality in Western Europe using the unconditional quantile regression," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 249-304, May.
    4. Xing, Victor, 2017. "Central Bank Quantitative Easing as an Emerging Political Liability," MPRA Paper 81269, University Library of Munich, Germany.
    5. Christopher L. Smith, 2013. "The dynamics of labor market polarization," Finance and Economics Discussion Series 2013-57, Board of Governors of the Federal Reserve System (U.S.).
    6. Rosalia Castellano & Gaetano Musella & Gennaro Punzo, 2017. "Structure of the labour market and wage inequality: evidence from European countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(5), pages 2191-2218, September.

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