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Labor Market Concentration, Earnings, and Inequality

Labor Market Concentration, Earnings, and Inequality <p>ABSTRACT:</p><p>I document trends in local industrial concentration from 1976 through 2015 and estimate effects of concentration on earnings outcomes. Local concentration generally declined over that period, unlike national concentration, which declined sharply in the early 1980s before increasing to nearly its original level beginning around 1990. Increased local concentration reduces earnings and increases inequality. Because average concentration has fallen, the 90/10 earnings ratio was 6 percent lower and earnings 1 percent higher in 2015 than they would have been if local concentration were at its 1976 level. Most demographic subgroups experience mean earnings reductions, and all experience increases in inequality.</p> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resources University of Wisconsin Press

Labor Market Concentration, Earnings, and Inequality

Journal of Human Resources , Volume 57 (3) – Mar 29, 2022

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Publisher
University of Wisconsin Press
Copyright
Copyright © Board of Regents of the University of Wisconsin System
ISSN
1548-8004

Abstract

<p>ABSTRACT:</p><p>I document trends in local industrial concentration from 1976 through 2015 and estimate effects of concentration on earnings outcomes. Local concentration generally declined over that period, unlike national concentration, which declined sharply in the early 1980s before increasing to nearly its original level beginning around 1990. Increased local concentration reduces earnings and increases inequality. Because average concentration has fallen, the 90/10 earnings ratio was 6 percent lower and earnings 1 percent higher in 2015 than they would have been if local concentration were at its 1976 level. Most demographic subgroups experience mean earnings reductions, and all experience increases in inequality.</p>

Journal

Journal of Human ResourcesUniversity of Wisconsin Press

Published: Mar 29, 2022

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