Measurement and Testing of Inequality from Time Series of Deciles with an Application to U.S. Wages
This article uses unobserved-components time series models to capture the underlying trends in the quarterly deciles of U.S. hourly wages. Tests of stability and divergence are developed as a means of assessing changes in inequality. The decrease in the wage gender gap is examined, and the impact of changes in the minimum wage is assessed. © 2003 President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Volume (Year): 85 (2003)
Issue (Month): 1 (February)
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