Equal Pay for Unequal Work
研究瑞典工会缩小异质劳动力工资差距的政策，发现平等化工资政策在中期和长期可能压低所有劳动者工资并提高资本回报，对低技能劳动力需求随时间下降。
Swedish labor unions have squeezed wage differentials between heterogeneous labor. This paper explores effects on factor prices, production and employment in the short run, when skilled and unskilled labor is mobile and capital is sector specific, in the medium run, when all factors are mobile, and in the long run, when the ratio of skilled to unskilled labor is determined endogeneously. Contrary to common belief, suich egalitarian wage policies may depress wages of unskilled as well as skilled labor and must raise capital returns in the medium and long run. Demand for unskilled labor will fall over time.