Changes in relative wages in the 1980 s : Returns to observed and unobserved skills and black } white wage di ! erentials

@inproceedings{Chay2000ChangesIR,
  title={Changes in relative wages in the 1980 s : Returns to observed and unobserved skills and black \} white wage di ! erentials},
  author={Kenneth Y. Chay and David S. Lee},
  year={2000}
}
We assess the potential contribution of a rise in the return to unmeasured productivity correlated with education and race to the dramatic increase in the college}high-school wage di!erential and the stagnation of black}white wage convergence during the 1980s. A relatively unrestricted error-components panel data model is used to estimate the rise in the unobserved skill premium. Identi"cation of the model is based on across-group variation in changes in within-group log-wage variances over… CONTINUE READING
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