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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Math matters: education choices and wage inequality |
| Organization Unit | |
| Authors |
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| Language |
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| Institution | University of Zurich |
| Series Name | Working paper series / Department of Economics |
| Number | 160 |
| ISSN | 1664-7041 |
| Number of Pages | 43 |
| Date | 2014 |
| Abstract Text | SBTC is a powerful mechanism in explaining the increasing gap between educated and uneducated wages. However, SBTC cannot mimic the US within-group wage inequality. This paper provides an explanation for the observed intra-college group inequality by showing that the top decile earners' significant wage growth is underpinned by the link between ex ante ability, math-heavy college majors and highly quantitative occupations. We develop a general equilibrium model with multiple education outcomes, where wages are driven by individuals' ex ante abilities and acquired math skills. A large portion of within-group and general wage inequality is explained by math-biased technical change (MBTC). |
| Official URL | http://www.econ.uzh.ch/static/wp/econwp160.pdf |
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| Keywords | Wage inequality, SBTC, college majors, occupations, mathematics abilities, Lohnstruktur, Lohngleichheit, Diskriminierung, Lohn, Vergütung, Gehalt, Honorar, Verteilungsgerechtigkeit, Einkommensverteilung, Einkommensunterschied, Bildung, Mathematik |