Changes in Relative Wages, 1963-1987: Supply and Demand Factors
The Quarterly Journal of Economics1992Vol. 107(1), pp. 35–78
Citations Over TimeTop 1% of 1992 papers
Abstract
A simple supply and demand framework is used to analyze changes in the U. S. wage structure from 1963 to 1987. Rapid secular growth in the demand for more-educated workers, "more-skilled" workers, and females appears to be the driving force behind observed changes in the wage structure. Measured changes in the allocation of labor between industries and occupations strongly favored college graduates and females throughout the period. Movements in the college wage premium over this period appear to be strongly related to fluctuations in the rate of growth of the supply of college graduates.
Related Papers
- Why Do Wages Increase with Tenure? On-the-Job Training and Life-Cycle Wage Growth Observed within Firms(1989)
- → Gender differences in early-career wage growth(2008)44 cited
- → Wage Cuts as Investment in Future Wage Growth(2008)15 cited
- → Why do Wage Profiles Slope Upward? Tests of the General Human Capital Model(1995)16 cited
- Nominal Wage Rigidities and the Future Path of Wage Growth(2018)