Economics, Econometrics and Finance
4 years ago

Wage inequality skyrockets as demand for skilled workers outpaces supply.

Federal Reserve Bank of New York Economic policy review
The Internationalization of the U.S. Labor Market and the Wage Structure
George J. Borjas

Paper Summary

Related papers

Economics, Econometrics and Finance
8 years ago

Widening wage-gap leads to rising unemployment for unskilled workers worldwide.

Trade Impact
Labor Relations
Economics, Econometrics and Finance
3 years ago

Low-wage workers face lifetime marginalization in the labor market.

Labor Dynamics
Labor Relations
Employment Health Effects
2 views
Economics, Econometrics and Finance
4 years ago

Unskilled immigration boosts wages and job opportunities, defying traditional economic theories.

Labor Dynamics
Trade Impact
Development in Italy
1 view

The wage gap between skilled and unskilled workers widened in the 1980s due to a decrease in real wages for most income groups. The decline in unionization likely played a significant role in this trend, with unions propping up the wages of less skilled workers. The relative decline in the number of new college graduates entering the labor market also contributed to the increase in wage inequality during this period.