Career differences main driver of wage inequality

Why does a 55-year-old worker earn on average around 40 percent more than a 25-year-old? Is there a link between average wage growth and rising wage inequality? Many answers to these fundamental questions have so far remained ...

Artificial intelligence, the future of work, and inequality

One of the most spectacular facts of the last two centuries of economic history is the exponential growth in GDP per capita in most of the world. Figure 1 shows the rise (and the difference) in living standards for five countries ...

Perceived union support buoys 'meaningfulness of work' measures

While it has long been thought that the "union premium" extends to a labor union's ability to provide higher wages, better benefits and increased job security to workers, new research from a University of Illinois expert ...

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