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The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the

During the past two decades, wages of skilled workers in the United States rose while those of unskilled workers fell; less-educated young men in particular hav

Economists and others concerned with the theory of wages or with the functioning of Soviet economy will find this investigation of the inequality of wages in th

In the standard model of human capital with perfect labor markets, workers pay for general training. When labor market frictions compress the structure of wages