The rise in inequality in many OECD countries over the last decades has triggered a rich body of academic work. Scholars agree in general that recent changes in inequality are mainly driven by inequality of labor incomes which in turn are closely related to skill premiums. In this paper, we ask whether skill-biased technological change … Continue reading
Jobs including chief executives and managers have contributed to the rise in wage inequality in recent decades, research has shown. Highly paid jobs have become even better paid, including company executives and general managers of large organisations whose hourly pay jumped from £12.07 in 1975 to £49.20 in 1996, according to the study by Dr … Continue reading
The Atlantic Cities: Inequality is shaping up to be one of the biggest issues in the 2012 presidential election. The Occupy movement may have waned since last fall, but its focus on the privileges of the top one percent has yet to go away. Most economists argue that rising inequality is driven by broader structural … Continue reading