English, Article, Journal or magazine article edition: Reflections on the Inter-Industry Wage Structure Alan B. Krueger; Lawrence H. Summers

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Bookmark: http://trove.nla.gov.au/version/141646
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Reflections on the Inter-Industry Wage Structure
Author
  • Alan B. Krueger
  • Lawrence H. Summers
Physical Description
  • preprint
Notes
  • 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.
  • RePEc:nbr:nberwo:1968
Language
  • English
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