TY  - JOUR
AU  - Katz,Lawrence F.
AU  - Murphy,Kevin M.
TI  - Changes in Relative Wages, 1963-1987: Supply and Demand Factors
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3927
PY  - 1991
Y2  - December 1991
UR  - http://www.nber.org/papers/w3927
L1  - http://www.nber.org/papers/w3927.pdf
N1  - Author contact info:
Lawrence F. Katz
Department of Economics
Harvard University
Cambridge, MA  02138
Tel: 617/495-5148
Fax: 617/613-1245
E-Mail: lkatz@harvard.edu

Kevin M. Murphy
Booth School of Business
The University of Chicago
5807 S. Woodlawn Ave.
Chicago, IL  60637
Tel: 773/702-7280
Fax: 773/834-3554
E-Mail: murphy@chicagoBooth.edu
M2  - featured in NBER digest on 1992-07-01
AB  - A simple supply and demand framework is used to analyze changes in the U.S. wage structure from 1963 to 1987. Rapid secular growth in the demand for more-educated workers, 'more-skilled' workers, and females appears to be the driving force behind observed changes in the wage structure. Measured changes in the allocation of labor between industries and occupations strongly favored college graduates and females throughout the period. Movements in the college wage premium over this period appear to be strongly related to fluctuations in the rate of growth of the supply of college graduates.
ER  -