Growing Income Inequalities in Advanced Countries

Nathalie Chusseau and Michel Dumont

Chapter 1 in Growing Income Inequalities, 2013, pp 13-47 from Palgrave Macmillan

Abstract: Abstract Since the early eighties, advanced countries have experienced an increase in wage inequalities between skilled and unskilled workers. The economic literature has proposed several explanations for this increase. This can be implemented from a Demand-Supply-Institution framework (Katz and Autor, 1999; Acemoglu, 1998, 2005). Considering the markets for skilled and unskilled labour, any factor that modifies the demands for and supplies of skilled and unskilled workers indeed affects the skill premium (ratio of the wage of skilled on the wage of unskilled workers), and thus the inequality between skilled and unskilled workers. Supply-side factors such as education, training, skill obsolescence, migration and demand-side factors have been analysed and estimated in an abundant literature.

Keywords: Income Inequality; Total Factor Productivity; Skilled Labour; Unskilled Worker; Wage Inequality (search for similar items in EconPapers)
Date: 2013
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Working Paper: Growing income inequalities in advanced countries (2012)
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DOI: 10.1057/9781137283306_2

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