Institutional Changes and Rising Wage Inequality: Is There a Linkage? | Zendy

Nicole M. Fortin | Zendy; Thomas Lemieux | Zendy

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Institutional Changes and Rising Wage Inequality: Is There a Linkage?

Author(s) -

Nicole M. Fortin,

Thomas Lemieux

Publication year - 1997

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.11.2.75

Subject(s) - inequality , economics , wage inequality , deregulation , labour economics , wage , value (mathematics) , linkage (software) , minimum wage , economic inequality , wage share , efficiency wage , demographic economics , market economy , mathematical analysis , biochemistry , chemistry , mathematics , machine learning , computer science , gene

In this paper, the authors analyze the role of three institutional changes--the decline in the real value of the minimum wage, deunionization, and economic deregulation--on the rise in wage inequality in the United States during the 1980s. They argue that about a third of the increase in male and female wage inequality can be traced to these institutional changes. Deunionization had a significant effect on the rise in inequality for men, while the minimum wage is what matters most for women. The authors find the direct impact of economic deregulation to be comparatively small.

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