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

James Heckman

No 12046, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: general equilibrium; hedonic models; income inequality; models of inequality (search for similar items in EconPapers)
JEL-codes: B31 D31 D33 D63 I24 J20 P21 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2018-12
New Economics Papers: this item is included in nep-his, nep-hpe and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published - published in: De economist, 2019, 167, 243–258

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Related works:
Journal Article: The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality (2019)
Working Paper: The Race Between Demand and Supply: Tinbergen's Pioneering Studies of Earnings Inequality (2018)
Working Paper: The Race Between Demand and Supply: Tinbergen's Pioneering Studies of Earnings Inequality (2018)
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