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trade or skill-biased technological change. …
Persistent link: https://www.econbiz.de/10009769255
Mobile workers involve flows of labor and human capital and contribute to a more efficient allocation of resources. However, migration also changes relative wages, alters the distribution of skills and affects equality in the receiving society. The paper suggests that skilled immigration...
Persistent link: https://www.econbiz.de/10010361361
A vast literature aimed at understanding the nature and causes of wage inequality focuses on the skill premium as a key … object of interest. In an environment where both the skill premium and the share of skilled workers are changing, however …, the between-skill-group component of inequality may fall even as the skill premium rises - a pattern that is indeed …
Persistent link: https://www.econbiz.de/10012612602
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This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in OECD countries. The similarity of shocks and technological changes affecting these countries suggests that interactions of these shocks and country-specific institutions are...
Persistent link: https://www.econbiz.de/10013320926
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced …-signed elasticities of substitution, yields counterintuitive paths for skill-biased technical change (SBTC), and does not account for the … mis-measurement of relative skill prices and supplies (based on standard demographic composition-adjustments) and by …
Persistent link: https://www.econbiz.de/10012599109
parental backgrounds over this time period. Competing mechanisms, such as skill-specific labor supply shocks and skill …
Persistent link: https://www.econbiz.de/10013202834
Persistent link: https://www.econbiz.de/10002604432
both relate to learning-by-doing and R&D intensity. In addition, we endogenize the determinants of the skill-bias of labor … that are consistent with the cross-country data on inequality and skill-premia. …
Persistent link: https://www.econbiz.de/10009781636