Publication Date:
2014-05-24
Description:
The singular focus of public debate on the "top 1 percent" of households overlooks the component of earnings inequality that is arguably most consequential for the "other 99 percent" of citizens: the dramatic growth in the wage premium associated with higher education and cognitive ability. This Review documents the central role of both the supply and demand for skills in shaping inequality, discusses why skill demands have persistently risen in industrialized countries, and considers the economic value of inequality alongside its potential social costs. I conclude by highlighting the constructive role for public policy in fostering skills formation and preserving economic mobility.〈br /〉〈span class="detail_caption"〉Notes: 〈/span〉Autor, David H -- New York, N.Y. -- Science. 2014 May 23;344(6186):843-51. doi: 10.1126/science.1251868.〈br /〉〈span class="detail_caption"〉Author address: 〈/span〉Department of Economics and National Bureau of Economic Research, Massachusetts Institute of Technology, 40 Ames Street, E17-216, Cambridge, MA 02142, USA.〈br /〉〈span class="detail_caption"〉Record origin:〈/span〉 〈a href="http://www.ncbi.nlm.nih.gov/pubmed/24855259" target="_blank"〉PubMed〈/a〉
Keywords:
Education, Professional/*economics/statistics & numerical data
;
Employment/statistics & numerical data/*trends
;
Family Characteristics
;
Humans
;
Income/statistics & numerical data/*trends
;
Marketing
;
Salaries and Fringe Benefits/statistics & numerical data/*trends
;
Schools/economics
;
Socioeconomic Factors
Print ISSN:
0036-8075
Electronic ISSN:
1095-9203
Topics:
Biology
,
Chemistry and Pharmacology
,
Computer Science
,
Medicine
,
Natural Sciences in General
,
Physics
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