Decomposing Trends in Inequality in Earnings into Forecastable and Uncertain Components

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dc.citation.firstpageS31
dc.citation.issueNumberS2
dc.citation.journalTitleJournal of Labor Economics
dc.citation.lastpageS65
dc.citation.volumeNumber34
dc.contributor.authorCunha, Flávio
dc.contributor.authorHeckman, James
dc.date.accessioned2017-05-03T19:58:19Z
dc.date.available2017-05-03T19:58:19Z
dc.date.issued2016
dc.description.abstractA substantial empirical literature documents the rise in wage inequality in the American economy. It is silent on whether the increase in inequality is due to components of earnings that are predictable by agents or whether it is due to greater uncertainty facing them. These two sources of variability have different consequences for both aggregate and individual welfare. Using data on two cohorts of American males, we find that a large component of the rise in inequality for less skilled workers is due to uncertainty. For skilled workers, the rise is less pronounced.
dc.identifier.citationCunha, Flávio and Heckman, James. "Decomposing Trends in Inequality in Earnings into Forecastable and Uncertain Components." <i>Journal of Labor Economics,</i> 34, no. S2 (2016) University of Chicago Press: S31-S65. https://doi.org/10.1086/684121.
dc.identifier.doihttps://doi.org/10.1086/684121
dc.identifier.urihttps://hdl.handle.net/1911/94151
dc.language.isoeng
dc.publisherUniversity of Chicago Press
dc.rightsThis is an author's peer-reviewed final manuscript, as accepted by the publisher. The published article is copyrighted by The University of Chicago.
dc.titleDecomposing Trends in Inequality in Earnings into Forecastable and Uncertain Components
dc.typeJournal article
dc.type.dcmiText
dc.type.publicationpost-print
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