The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Mar, 1994, Volume 62, Issue 2
https://doi.org/0012-9682(199403)62:2<405:CITUWS>2.0.CO;2-H
p. 405-458
Moshe Buchinsky
The 1980's witnessed rapid changes in the structure of wages in the United States. In this study, recently developed techniques for quantile regression are applied to every March Current Population Survey since 1964 and changes in the return to schooling and experience at different points of the wage distribution are examined. The quantile regression technique parsimoniously describes the entire conditional wage distribution. This conditional distribution is used to examine changes in within-group wage inequality as measured by the difference between conditional quantiles. Two linear models are considered: a simple one-group model, and a 16-group model. The results suggest that the returns to schooling and experience differ across quantiles of the wage distribution but their patterns of change are similar. Significant differences in wage inequality are also found across the various skill groups. The paper also presents a new imputation method for CPS data.
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
