This paper revisits the relationship between human capital and income inequality, using an updated data set on human capital inequality and a novel database on earnings inequality. We find an inverted U-shaped relationship between these two inequality indicators, but with significant differences across countries regarding the turning point.…

Adults tend to lose their information-processing skills as they age, especially if they do not use them. While older adults may compensate for this loss by developing other valuable skills, the importance of being proficient in information-processing skills in determining wages and employment does not diminish as workers age. Probably the most…

This book looks at the issue of youth unemployment and examines policy responses. Part I considers the youth unemployment problem. Chapter 1 is an overview, covering size of the problem and the close relationship between youth and adult unemployment. Chapter 2 examines youth unemployment characteristics and distribution of unemployment across…