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This paper reviews a variety of estimates of the demand and supply elasticities of educated labor. It finds that elasticities of substitution between more and less educated labor range fran 1.0 to 2.0 and that elasticities of the supply of students to colleges are also on the order of 1.0 to 2.0...
Persistent link: https://www.econbiz.de/10012478063
This paper investigates the magnitude of the elasticity of demand for labor in time series data using more general and complete models of demand than have been previously employed. It argues that previous analyses have imposed two invalid constraints in calculations, which bias downward...
Persistent link: https://www.econbiz.de/10012478840
This paper assesses the claim the the US faces an impending labor shortage due to the impending retirement of baby boomers and slow growth of the US work force, and that the country should orient labor market and educational policies to alleviate this prospective shortage. I find that this...
Persistent link: https://www.econbiz.de/10012466124
This paper finds that US employment changed differently relative to output in the Great Recession and recovery than in most other advanced countries or in the US in earlier recessions. Instead of hoarding labor, US firms reduced employment proportionately more than output in the Great Recession,...
Persistent link: https://www.econbiz.de/10012456245
Persistent link: https://www.econbiz.de/10010586148
Increased use of robots has roused concern about how robots and other new technologies change the world of work. Using numbers of robots shipped to primarily manufacturing industries as a supply shock to an industry labor market, we estimate that an additional robot reduces employment and wages...
Persistent link: https://www.econbiz.de/10012479394
education overseas is that the US has come to rely extensively on the immigration of highly educated persons to maintain a lead …
Persistent link: https://www.econbiz.de/10012463687
People flows refers to the movement of people across international borders in the form of immigration, international … citizens of immigrant-receiving countries benefit most from immigration. The paper considers "radically economic policies" such … as auctioning immigration visas or charging sizeable fees and spending the funds on current residents to increase the …
Persistent link: https://www.econbiz.de/10012466354
imports in the U.S. economy to these trends. Our empirical evidence indicates that both trade and immigration augmented the … immigration increased the effective supply of high school dropouts by 28 percent for men and 31 percent for women. We estimate … school dropouts between 1980 and 1988 can be attributed to the trade and immigration flows. In addition, our analysis …
Persistent link: https://www.econbiz.de/10012475244
Persistent link: https://www.econbiz.de/10013480785