Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander

Exercise 5

What has happened to the location of the Lorenz curve of annual earnings over the past 35 years Make a case that the Lorenz curve will shift leftward over the next 35 years. Make a case that it will shift farther to the right than its present location. Which of your two scenarios do you think is most realistic