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Inequality in labor market outcomes: contrasting the 1980s and earlier decades

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  • Chinhui Juhn
  • Kevin M. Murphy

Abstract

The increase in wage inequality during the 1980s was exceptional, but underlying demand and supply conditions showed relatively little contrast compared to previous decades. One possible explanation is that the increased demand for skills during the 1980s was unusually concentrated among the most skilled workers rather than being spread throughout the skill distribution.

Suggested Citation

  • Chinhui Juhn & Kevin M. Murphy, 1995. "Inequality in labor market outcomes: contrasting the 1980s and earlier decades," Economic Policy Review, Federal Reserve Bank of New York, issue Jan, pages 26-32.
    • Handle: RePEc:fip:fednep:y:1995:i:jan:p:26-32:n:v.1.no.1
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    References listed on IDEAS

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    1. Juhn, Chinhui & Murphy, Kevin M & Pierce, Brooks, 1993. "Wage Inequality and the Rise in Returns to Skill," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 410-442, June.
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    Cited by:

    1. David A. Green & Benjamin M. Sand, 2015. "Has the Canadian labour market polarized?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 48(2), pages 612-646, May.
    2. Hamid Beladi & Ravi Batra, 2004. "Traded and Nontraded Goods and Real Wages," Review of Development Economics, Wiley Blackwell, vol. 8(1), pages 1-14, February.
    3. Claudia Goldin & Lawrence F. Katz, 2007. "Long-Run Changes in the Wage Structure: Narrowing, Widening, Polarizing," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(2), pages 135-168.

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    Keywords

    Education; Wages; Labor market;
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