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Sectoral wage convergence: a nonparametric distributional analysis

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  • Max Dupuy
  • Mark E. Schweitzer

Abstract

An examination of the relative shapes of the wage distribution in the U.S. goods-producing and service-producing sectors that uses a nonparametric measure of density overlap to analyze wage differences between the two sectors over time. ; What implications do 21st century monetary innovations bring for holdings of central bank money and standards of value? Emerging technologies such as cybercash, e-cash, and smart cards can be expected to reduce demand for central bank money, but the theoretical framework for monetary policy has not changed.

Suggested Citation

  • Max Dupuy & Mark E. Schweitzer, 1995. "Sectoral wage convergence: a nonparametric distributional analysis," Working Papers (Old Series) 9520, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9520
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    References listed on IDEAS

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    1. Max Dupuy & Mark E. Schweitzer, 1995. "Another look at part-time employment," Economic Commentary, Federal Reserve Bank of Cleveland, issue Feb.
    2. Helwege, Jean, 1992. "Sectoral Shifts and Interindustry Wage Differentials," Journal of Labor Economics, University of Chicago Press, vol. 10(1), pages 55-84, January.
    3. Krueger, Alan B & Summers, Lawrence H, 1988. "Efficiency Wages and the Inter-industry Wage Structure," Econometrica, Econometric Society, vol. 56(2), pages 259-293, March.
    4. Richard Alm & W. Michael Cox, 1994. "The service sector: give it some respect," Annual Report, Federal Reserve Bank of Dallas, pages 3-22.
    5. Max Dupuy & Mark E. Schweitzer, 1994. "Are service-sector jobs inferior?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Feb.
    6. Alan B. Krueger & Lawrence H. Summers, 1986. "Reflections on the Inter-Industry Wage Structure," NBER Working Papers 1968, National Bureau of Economic Research, Inc.
    7. George J. Borjas & Valerie A. Ramey, 1995. "Foreign Competition, Market Power, and Wage Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(4), pages 1075-1110.
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    Cited by:

    1. Enrique Lopez-Bazo & Tomas Del Barrio & Manuel Artis, 2005. "Geographical distribution of unemployment in Spain," Regional Studies, Taylor & Francis Journals, vol. 39(3), pages 305-318.
    2. Robert G. Valletta, 1997. "The effects of industry employment shifts on U.S. wage structure, 1979-1995," Economic Review, Federal Reserve Bank of San Francisco, pages 16-32.
    3. Temel, Tugrul, 2011. "Are the U.S. farm wages equalizing? Markov chain approach," MPRA Paper 31930, University Library of Munich, Germany.

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