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“The Role of Industries in Rising Inequality”

With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg.

Abstract

We find that majority of the rise in earnings and wage inequality in Italy between 1985 and 2018 took place between firms and that this was mainly driven by the divergence of pay between firms in different industries. The growth in inequality was extremely concentrated with just 5% of industries accounting for all of the increase in between-industry variance. The rise in inequality was predominantly driven by rising employment in low-paying industries and to a lesser extent by increasing earnings of high-paying industries. The patterns of rising inequality in Italy are remarkably similar to the ones identified for the USA which suggests a common explanation centred around industry-level labour demand shifts.

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is a Professor of Economics at the ����ͷ��versity of Edinburgh.

Language

English.

This is a free event. Registration is mandatory.

Cold lunches are provided to registered participants.