Explaining international differences in wage inequality: Skills matter |
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| Institution: | 1. OECD, 2, rue André Pascal, 75775 Paris Cedex 16, France;2. IZA, Schaumburg-Lippe-Straße 5-9, 53113 Bonn, Germany;3. University of Leuven, Faculty of Economics and Business, Naamsestraat 69, 3000 Leuven, Belgium;1. University of Toronto and NBER, Canada;2. University of Notre Dame, United States |
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| Abstract: | Several studies employing decomposition methods have argued that skills only play a minor role in explaining cross-country differences in wage inequality. In this paper, we build upon the work of Leuven, Oosterbeek and van Ophem (2004) and extend the decomposition analysis to take account of the relative demand for, and supply of, skills. Doing this confirms that skills do matter and are likely to be at least as important as labour market institutions in explaining international differences in wage inequality. |
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