Scandinavian Working Papers in Economics
Working Papers in Economics,
University of Gothenburg, Department of Economics
No 263: Risk, Occupational Choice, and Inequality
Klas Sandén ()
Additional contact information
Klas Sandén: Department of Economics, School of Business, Economics and Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG
Abstract: This essay presents a new theory explaining increased wage inequality. A standard endogenous growth model is augmented with occupational choice of highskill workers. Depending on the occupational choice, high-skill workers earn either a certain or uncertain income. Wage inequality, measured by the average wage of high-skill workers divided by the average wage of low-skill workers, can increase or decrease due to an increased supply of high-skill workers.
Keywords: Distribution; Wages; Cooperatives; Technological Change; Economic Growth
JEL-codes: D33; J31; J54; O32; O41
44 pages, September 10, 2007
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