Sherwin Rosen (1938–2001)

Kenneth J. McLaughlin ()
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Kenneth J. McLaughlin: Hunter College of the City University of New York

Chapter 34 in The Palgrave Companion to Chicago Economics, 2022, pp 871-900 from Springer

Abstract: Abstract This chapter provides a critical survey of Sherwin Rosen’s contributions to economics. I identify the ideas that influenced him and the themes—diversity and inequality—that connect his papers. He avidly applied Adam Smith’s “equalising differences” approach to labour markets and other areas; the model of compensating price differentials is the most important example of this. I also evaluate Rosen’s work in urban economics, through which he receives credit for the influential Roback-Rosen model. Finally, several of his most influential papers substantiate my claim that Rosen was an inequality economist.

Keywords: Equalising differences; Compensating differentials; Spatial amenities; Earnings inequality; Superstars; Tournaments; Employment hierarchies; Self-selection (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-01775-9_34

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DOI: 10.1007/978-3-031-01775-9_34

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