Market economies experience high rates of job creation and job destruction in almost every
time period and sector. Each year, many businesses expand and many others contract. New …

We survey recent microeconometric research on investment and employment that has used
panel data on individual firms or plants. We focus on model specification and econometric …

An incisive history of American education—its great success in creating prosperity and
equality during the twentieth century and its relative decline since the 1970s.“As Goldin and …

I discuss the theoretical and empirical literature on the quantitative and qualitative
employment impact of technological change. I also compare the relative explanatory power …

We investigate the hypothesis that the combination of three related innovations—1)
information technology (IT), 2) complementary workplace reorganization, and 3) new …

This paper examines the effect of skill-biased technological change as measured by
computerization on the recent widening of US educational wage differentials. An analysis of …

A recent “revisionist” literature characterizes the pronounced rise in US wage inequality
since 1980 as an “episodic” event of the first half of the 1980s driven by nonmarket factors …

We analyze the relationship between inequality and economic growth from two directions.
The first part of the survey examines the effect of inequality on growth, showing that when …

This chapter presents a framework for understanding changes in the wage structure and
overall earnings inequality. The framework emphasizes the role of supply and demand …

Demand for less-skilled workers plummeted in developed countries in the 1980s. In open
economies, pervasive skill-biased technological change (SBTC) can explain this decline …