. It suggests that the pay and employment experience of low skilled Americans is a poor counterfactual for assessing how …

International Adult Literacy Survey we find that employment of skilled to unskilled labour is unrelated to differences in skill … premium but that changes in relative employment are related to changes in relative wages raising the possibility of some … substitution behavior. Still, the differing dispersion of wages is not a major contributor to differences in employment rates. The …

which changes in the industrial wage structure may have for employment. With regard to the flexibility of wages across … impact of a flexible industry wage structure on employment, we evaluate the circumstances under which flexible wages among … industries may be employment enhancing, and the set of circumstances under which flexible wages are likely to be employment …