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This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …
Persistent link: https://www.econbiz.de/10005789067
the composition of jobs, increasing the demand for skills, wage inequality, and unemployment. I provide some evidence that …
Persistent link: https://www.econbiz.de/10005820842
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number of good jobs. Minimum wages and unemployment insurance encourage workers to wait for higher wages, and therefore … often increase unemployment, will increase average labour productivity and may improve welfare. The paper then briefly … composition of jobs improves considerably in response to higher minimum wages and more generous unemployment benefits. …
Persistent link: https://www.econbiz.de/10005662323
In this chapter, we provide an overview of research on neighborhoods and social networks and their role in shaping behavior and economic outcomes. We include a discussion of empirical and theoretical analyses of the role of neighborhoods and social networks in crime, education, and labor-market...
Persistent link: https://www.econbiz.de/10014025310
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This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage losses from automation. It also reduces...
Persistent link: https://www.econbiz.de/10014576564
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are assigned to capital. Interior...
Persistent link: https://www.econbiz.de/10013388884
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