Local Labor Markets and the Evolution of Inequality

Dan Black, Natalia Kolesnikova and Lowell Taylor
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Natalia Kolesnikova: Department of Economics, University of Mississippi, University, Mississippi 38677

Annual Review of Economics, 2014, vol. 6, issue 1, 605-628

Abstract: US labor markets have experienced rising inequality over the past 30 years—as evidenced by an increased gap in wages earned by high-skill workers (e.g., college graduates) and low-skill workers (e.g., high school graduates). Empirical evidence documenting this evolution of inequality comes from studies that assess wage-education gradients at the national level. But of course people work in local labor markets that differ in important ways. We provide a theoretical framework for evaluating inequality changes when individuals work in local labor markets, and we give an empirical reassessment of inequality changes in light of the insights that emerge from our framework.

Keywords: wage regressions; cross-location variation in inequality; changes in wage inequality (search for similar items in EconPapers)
JEL-codes: D31 D63 J31 R23 (search for similar items in EconPapers)
Date: 2014
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