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Moretti, Enrico. 2013. "Real Wage Inequality."
,
5(1): 65-103.
Show Article Details
DOI: 10.1257/app.5.1.65
Abstract:While nominal wage differences between skilled and unskilled workers
have increased since 1980, college graduates have experienced
larger increases in cost of living because they have increasingly
concentrated in cities with high cost of housing. Using a city-specific
CPI, I find that real wage differences between college and
high school graduates have grown significantly less than nominal
differences. Changes in the geographical location of different skill
groups are to a significant degree driven by city-specific shifts in
relative demand. I conclude that the increase in utility differences
between skilled and unskilled workers since 1980 is smaller than
previously thought based on nominal wage differences. (JEL J22,
J23, J24, J31, R23, R31)
Additional links:
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Online Appendix
Authors:
Moretti, Enrico (U CA, Berkeley)
JEL Classifications:
J22: Time Allocation and Labor Supply
J23: Labor Demand
J24: Human Capital; Skills; Occupational Choice; Labor Productivity
J31: Wage Level and Structure; Wage Differentials
R23: Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
R31: Housing Supply and Markets
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