PPT-Occupational and Wage Inequality in the U.S. Labor Market

Sam Levitus and Professor David Schaffer Department of Economics University of WisconsinEau Claire Background and Overview of Research   There has been much attention given to income inequality within the US labor market especially recently From the huge amount of discussion and debate about wage inequality from both the political left and the right two salient points emerge that the US labor market shows a far more unequal distribution of wages than the labor markets of other developed countries and that the overall US wage structure has become dramatically more unequal over the past several decades We were illequipped to investigate the first claim but sought to thoroughly analyze the second paying particular attention to the components of wage inequalityand their relative importancein recent years To accomplish this we performed several statistical analyses on survey data from the US Census Bureau we did not use any data from other countries for either analysis or comparison Our results do indeed confirm the second claim by every single measurement we used wages are far more unequal today than they were in the past In particular the top few percentiles have made large gains over the past forty years while most other workers wages have been nearly stagnant. (Master PPD & APE, Paris School of Economics). Thomas . Piketty. Academic year 2013-2014 . Lecture 5: The structure of inequality: labor income. (Tuesday . January 7. th. . 2014). (check . on line. Chapter 18. Outline. The Demand for Labor and . the Marginal . Product of Labor. Supply of Labor. Labor Market Issues. How Bad Is Labor . Market Discrimination. , or Can Lakisha . Catch a . Break?. 2. By Tanya Maria Golash-Boza. . Earning and Labor Market Inequality Represents a Large Gap . “… in 2013, the United States had more income inequality than Mexico … inequality is mapped on race and gender lines” (p. 237). (Master PPD & APE, Paris School of Economics). Thomas Piketty. Academic year 2014-2015 . Lecture 5: The structure of inequality: labor income. (. Tuesday November 4. th. 2014). (check . on line. The labor market environment, institutions, rules, norms, and trends – as they relate to cash-for-work. “The Labor Market Chain” Market Actors and their Linkages. Key Influences on the Labor Market. Sergio . Firpo. , EESP-FGV,. Nicole Fortin, UBC. Thomas Lemieux, UBC. SOLE/EALE 3. rd. World Conference. June 17-19, . 2010. London, UK. Goal of this paper. Assess whether . occupation-based explanations . (AP only unit). Derived factor demand. Marginal Revenue Product (MRP). Marginal Resource Cost (MRC). Profit maximization rule of resource employment (MRP=MRC). Perfectly competitive labor markets. Monopsonistic labor markets. Population. 322,100,000.  . Labor . Force. 156,700,000. Children. 70,800,000.  . Employed. 148,800,000. Noninstitution. . Population. 251,300,000.  . Unemployed. 7,900,000. Not in . Labor . Force. Gregory W. Stutes. Why should I take Labor Econ?. Most of us will spend 30-40 years of our life working for an income.. Labor markets help determine our. Wealth. Goods that we can afford. Who we associate with. Previously. The demand for each factor of production is a derived demand that stems from a firm’. s desire to supply a good in another market.. Labor markets reconcile the forces of demand and supply into a wage signal that conveys information to both sides of the market.. Economics. (CLEF). Tutor :. . . Dott.ssa Vitali Beatrice. beatrice.vitali8@unibo.it. Labor. . Demand. PROBLEM 1. Consider a firm for which production depends on two normal inputs, . labor. and capital, with prices w and r, respectively. . Workshop on . Patterns of Inequality in the Indian Labour Market. 1983-2012. Presentation by . Gerry Rodgers . Vidhya Soundararajan. Of the book published by Academic . Foundation . in association with . Kelsey Pukelis. 2022-02-11. Outline. Gini practice. Supply and demand framework . Extras: . Human capital vs. signaling models of the returns to education. Supply-Demand-Institutions framework. Unions and inequality. Dr. Mark Thornton. @. DrMarkThornton. 1. Main Takeaways. 2020 Record number of increases by states and local governments. Austrian versus Mainstream approaches. MWL increases did not satisfy advocates.