@techreport{NBERw1968, title = "Reflections on the Inter-
Industry Wage Structure", author = "Alan B. Krueger and Lawrence
H. Summers", institution = "National Bureau of Economic
Research", type = "Working Paper", series = "Working Paper
Series", number = "1968", year = "1987", month = "April", URL =
"http://www.nber.org/papers/w1968", abstract = {This paper
reviews available evidence on the inter-industry wage structure.
The inter-industry wage structure is remarkably similar in
different eras, in different countries, and among different
types of workers. Industries with high capital-to-labor ratios,
monopoly power and high profits pay relatively high wages. We
conclude that the competitive model cannot without substantial
modification provide an adequate explanation of the inter-
industry wage structure. The implications of this finding for
micro and macro economic theory and policy are examined.}, }