Authors:

  • Claudia Goldin
  • Lawrence Katz

Excerpt

The Race between Education and Technology: The Evolution of U.S. Educational Wage Differentials, 1890-2005. Lawrence Katz, Claudia Goldin, March 2007, Paper. "U.S. educational and occupational wage differentials were exceptionally high at the dawn of the twentieth century and then decreased in several stages over the next eight decades. But starting in the early 1980s the labor market premium to skill rose sharply and by 2005 the college wage premium was back at its 1915 level. The twentieth century contains two inequality tales: one declining and one rising. We use a supply-demand-institutions framework to understand the factors that..." Link