WAGE RISK, EMPLOYMENT RISK, AND THE RISE IN WAGE INEQUALITY
通过结构劳动力市场模型，分析1983-2013年美国男性工资不平等加剧和就业率下降的原因，发现个体工资风险上升和低收入者税负降低是主要驱动因素，且工资风险加剧导致福利损失，对非大学学历工人影响最大。
Abstract U.S. male residual wage inequality rose, and the employment rate fell between 1983 and 2013. Using a structural labor market model, we show that rising idiosyncratic wage risk and lower taxes at the bottom of the earnings distribution are the main forces behind rising wage inequality. The former contributes to the falling employment rate. Falling real wages and rising disability risk further depressed employment of workers without a college degree and rising exogenous job destruction depressed employment of workers with a college degree. Higher idiosyncratic risk entails large welfare losses with the largest losses among workers without a college degree.