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This econometric analysis investigates the impact of changes in sectoral valueadded prices and total factor productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that TFP growth mandated an increase in the unskilled wage,...
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The deterioration of the income and employment position of unskilled workers in the OECD since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" ("globalisation") and technological progress. Several...
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-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …
Persistent link: https://www.econbiz.de/10003850520
After a decade in which wages and employment fell precipitously in low-skill occupations and expanded in high … accounted for by a single proximate cause - rising employment and wages in low-education, in-person service occupations. We … automation. We find that in labor markets that were initially specialized in routine-intensive occupations, employment and wages …
Persistent link: https://www.econbiz.de/10003884083
David R. Howell argues that the collapse of low-skill wages in the United States cannot be explained by a skill …
Persistent link: https://www.econbiz.de/10009381560
deterioration in the relative wages of unskilled workers.This involves a model of North-Northintegration through either increased …
Persistent link: https://www.econbiz.de/10011303867
- and high-skilled services, the wages in these two sectors have to grow at a faster pace than in the middle. …
Persistent link: https://www.econbiz.de/10010482521