People’s earnings are determined by their skills (or ‘human capital’), and the price, or wages, of those particular skills. The rise in earnings inequality over the past few decades could reflect rising inequality in either the level of skills or in wages. Cohort studies offer a unique opportunity to understand these drivers of inequality.
Authors
Orazio Attanasio
Orazio is an International Research Fellow at the IFS, a Professor at Yale and a Research Associate at the National Bureau of Economic Research.
Richard Blundell
Richard is Co-Director of the Centre for the Microeconomic Analysis of Public Policy (CPP) and Senior Research Fellow at IFS.
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