TY  - JOUR
AU  - Krueger,Alan B.
AU  - Summers,Lawrence H.
TI  - Reflections on the Inter-Industry Wage Structure
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1968
PY  - 1987
Y2  - April 1987
UR  - http://www.nber.org/papers/w1968
L1  - http://www.nber.org/papers/w1968.pdf
N1  - Author contact info:
Alan B. Krueger
Industrial Relations Section
Firestone Library
Princeton University
Princeton, NJ 08544
Tel: 609/258-4046
Fax: 609/258-2907
E-Mail: akrueger@princeton.edu

Lawrence H. Summers
Harvard Kennedy School of Government
79 JFK Street
Cambridge, MA 02138
Tel: 617/495-9322
Fax: 617/495-0436
E-Mail: lhs@harvard.edu
AB  - This paper reviews available evidence on the inter-industry wage structure. The inter-industry wage structure is remarkably similar in different eras, in different countries, and among different types of workers. Industries with high capital-to-labor ratios, monopoly power and high profits pay relatively high wages. We conclude that the competitive model cannot without substantial modification provide an adequate explanation of the
inter-industry wage structure. The implications of this finding for micro and macro economic theory and policy are examined.
ER  -