Reflections on the Inter-Industry Wage Structure
Alan Krueger and
No 1968, NBER Working Papers from National Bureau of Economic Research, Inc
This paper reviews available evidence on the inter-industry wage structure. The inter-industry wage structure is remarkably similar in different eras, in different countries, and among different types of workers. Industries with high capital-to-labor ratios, monopoly power and high profits pay relatively high wages. We conclude that the competitive model cannot without substantial modification provide an adequate explanation of the inter-industry wage structure. The implications of this finding for micro and macro economic theory and policy are examined.
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Published as Krueger, Alan B. and Lawrence H. Summers."Reflections on the Inter-Industry Wage Structure," Unemployment and the Structure of Labor Markets, eds. K. Lang and J. Leonard, Oxford, Basil Blackwell, 1987
Published as Krueger, Alan B. and Lawrence H. Summers. "Efficiency Wages And The Inter-Industry Wage Structure," Econometrica, 1988, v56(2), 259-294.
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