SOCI 235 Lecture Notes - Lecture 22: Observational Error, Word Processor, Panel Data
10 Dec 2014
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Rising earnings inequality: now turn to the effect of ict on the kind of labour demanded. In the us, in particular, but in canada and some other countries to some extent, since the late 1970s gdp per capita has grown much faster than median household income. (see. In the 2000s, employment growth has been slow or non existent (but the decline after. 2008 is associated with the financial crisis). (see brynjolffson and mcafee. ) Inequality of earnings and income have risen. (see the discussion paper by smith, available online. : why has earnings inequality in the us risen? (some of the mechanisms should be generalizable to other countries. ) The freezing of the minimum wage in the 1980s. Changes in social norms (the acceptability of gordon gecko! The fact of rising earnings inequality (gini coefficients, variance measures, decile ratios). A rise in the skill premium - the earnings of the average college graduates divided by the earnings of the average secondary school graduate.
