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Labour Market and Earnings Inequality: Empirical Evidence and Possible Determinants

Author

Listed:
  • Paolo Naticchioni
  • Antonio Scialà

Abstract

n this paper we evidence the persistent increase in wage dispersion over the past thirty years in many industrialized countries. We then go on to discuss the main determinants of this process identified by the economic literature: (i) the nature of technological change; (ii) deregulation of markets; (iii) globalization; vi) social norms and bargaining power. In addition, on the basis of the recent contributions by Piketty, we turn attention to a dimension of equality typically underestimated in approaches to activating social policy, although crucial for growth and equality of opportunity, i.e. wealth inequality.

Suggested Citation

  • Paolo Naticchioni & Antonio Scialà, 2014. "Labour Market and Earnings Inequality: Empirical Evidence and Possible Determinants," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
  • Handle: RePEc:rar:journl:0290
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    More about this item

    Keywords

    Earnings inequality; Social policy; Skill biased technological change; Labour market institutions;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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