Earnings and inequality
Despite strong economic growth and low inflation, many Australians believe that the benefits and costs have not been fairly shared and that inequality has been rising. This paper examines the apparent increase in the dispersion of earnings, which is central to the concern about rising inequality. The major finding is that the widening dispersion of earnings is principally due to changes in the structure of labour demand in favour of more skilled jobs. Relative rates of pay for major...[Show more]
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