Wage Gaps and Development : Lessons from U.S. History

Lessons from U.S. History

Wage Gaps and Development : Lessons from U.S. History
During the course of development, wages and labor productivity are much higher in the nonfarm sectors of the economy than in agriculture. In this paper, we examine the sources and consequences of wage and productivity gaps in the U.S. from 1800 to 2000. We build a quantitative general equilibrium model that closely matches the two-century long... READ MORE...

Publication date: May 2007
ISBN 9781451866698
$18.00

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