Power Biased Technical Change, Endogenous Mismatch and Institutional Change
Abstract
U.S. earnings inequality has increased dramatically since the 1970’s and the prospect of a reversal depends on what caused the trend. The standard explanation emphasizes skill-biased technical change. This paper outlines two alternative perspectives – power biased technical change and the effects of induced mismatch in the labor market – and discusses their implications.
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Published
2016-03-01
How to Cite
Skott, P. (2016). Power Biased Technical Change, Endogenous Mismatch and Institutional Change. The New School Economic Review, 4(1). Retrieved from https://nsereview.org/index.php/NSER/article/view/28
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