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Reflections on the Inter-Industry Wage Structure / Alan B. Krueger, Lawrence H. Summers.
- Format:
- Book
- Author/Creator:
- Krueger, Alan B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w1968.
- NBER working paper series no. w1968
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1986.
- Summary:
- This paper reviews available evidence on the inter-industry wage structure. The inter-industry wage structure is remarkably similar in different eras, in different countries, and among different types of workers. Industries with high capital-to-labor ratios, monopoly power and high profits pay relatively high wages. We conclude that the competitive model cannot without substantial modification provide an adequate explanation of the
- inter-industry wage structure. The implications of this finding for micro and macro economic theory and policy are examined.
- Notes:
- Print version record
- June 1986.
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