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Inequality in Labor Market Outcomes: Contrasting the 1980’s and Earlier Decades
January 1995Volume 1, Number 1
JEL classification: J31
Authors: Chinhui Juhn and Kevin M. Murphy
The increase in wage inequality during the 1980s was exceptional, but underlying demand and supply conditions showed relatively little contrast compared to previous decades. One possible explanation is that the increased demand for skills during the 1980s was unusually concentrated among the most skilled workers rather than being spread throughout the skill distribution.