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The Changing Distribution of Earnings in OECD Countries (Hardcover, New)
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The Changing Distribution of Earnings in OECD Countries (Hardcover, New)
Series: The Rodolfo De Benedetti Lecture Series
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This book is about how much people earn and why the distribution of
earnings has been changing over time. The gap between the top and
bottom in the United States has widened significantly since 1980.
Why has this happened? Is it due to new technologies? What is the
role of globalisation? Are there historical precedents?
The book begins with the "race" between technology and education,
and shows that continuing technical progress does not necessarily
imply a continuing rise in dispersion. It then examines the
experience of 20 OECD countries over the twentieth century,
material presented in the form of 20 country case studies. The book
breaks new ground in assembling data on the distribution of
individual earnings covering much of the twentieth century and
drawing on a variety of under-exploited sources.
The findings overturn a number of widely-held beliefs. It is not
the earnings of the low paid that have been most affected by the
recent changes; widening is largely due to what is happening at the
top. The recent rise in earnings dispersion is not unprecedented,
but should be seen as part of a longer-run history of successive
compression and expansion of earnings differences.
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