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The Race Between Demand and Supply: Tinbergen's Pioneering Studies of Earnings Inequality

James Heckman

No 2018-098, Working Papers from Human Capital and Economic Opportunity Working Group

Abstract: Understanding inequality and devising policies to alleviate it was a central focus of Jan Tinbergen's lifetime research. He was far ahead of his time in many aspects of his work. This essay places his work in the perspective of research on inequality in his time and now, focusing on his studies on the pricing of skills and the evolution of skill prices. In his most fundamental contribution, Tinbergen developed the modern framework for hedonic models as part of his agenda for integrating demand and supply for skills to study determination of earnings and its distribution and the design of effective policy. His lifetime emphasis on social planning caused some economists to ignore his fundamental work.

Keywords: income inequality; hedonic models; general equilibrium; models of inequality (search for similar items in EconPapers)
JEL-codes: B31 D31 D33 D63 I24 J20 P21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his
Date: 2018-12
Note: ECI
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http://humcap.uchicago.edu/RePEc/hka/wpaper/Heckma ... supply-Tinbergen.pdf First version, December 12, 2018 (application/pdf)

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Working Paper: The Race between Demand and Supply: Tinbergen's Pioneering Studies of Earnings Inequality (2018) Downloads
Working Paper: The Race Between Demand and Supply: Tinbergen's Pioneering Studies of Earnings Inequality (2018) Downloads
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