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Labor-Force Heterogeneity and Asset Prices : the Importance of Skilled Labor

Belo, Frederico - 2015

We introduce labor-force heterogeneity in a neoclassical investment model. In the baseline model, we highlight the fact that labor adjustment costs are higher for high skilled workers than for low skilled workers. The model predicts that the negative hiring-expected return relation should be...

Persistent link: https://www.econbiz.de/10012457181

Skill Requirements across Firms and Labor Markets : Evidence from Job Postings for Professionals

Deming, David - 2017

We study variation in skill demands for professionals across firms and labor markets. We categorize a wide range of keywords found in job ads into ten general skills. There is substantial variation in these skill requirements, even within narrowly defined occupations. Focusing particularly on...

Persistent link: https://www.econbiz.de/10012455353

Skill Biased Structural Change

Buera, Francisco J. - 2015

We document for a broad panel of advanced economies that increases in GDP per capita are associated with a shift in the composition of value added to sectors that are intensive in high-skill labor. It follows that further development in these economies leads to an increase in the relative demand...

Persistent link: https://www.econbiz.de/10012457502

Technical Change and the Relative Demand for Skilled Labor : The United States in Historical Perspective

Katz, Lawrence F. - 2013

This paper examines shifts over time in the relative demand for skilled labor in the United States. Although de-skilling in the conventional sense did occur overall in nineteenth century manufacturing, a more nuanced picture is that occupations "hollowed out": the share of "middle-skill" jobs -...

Persistent link: https://www.econbiz.de/10012459909

The "Task Approach" to Labor Markets : An Overview

Autor, David H. - 2013

An emerging literature argues that changes in the allocation of workplace "tasks" between capital and labor, and between domestic and foreign workers, has altered the structure of labor demand in industrialized countries and fostered employment polarization--that is, rising employment in the...

Persistent link: https://www.econbiz.de/10012459950

A Sorted Tale of Globalization : White Collar Jobs and the Rise of Service Offshoring

Liu, Runjuan - 2011

We study how the rise of trade in services with China and India has impacted U.S. labour markets. The topic has two understudied aspects: it deals with service trade (most studies deal with manufacturing trade) and it examines the historical first of U.S. workers competing with educated but...

Persistent link: https://www.econbiz.de/10012461099

The Incidence of Local Labor Demand Shocks

Notowidigdo, Matthew J. - 2011

Low-skill workers are comparatively immobile: when labor demand slumps in a city, low-skill workers are disproportionately likely to remain to face declining wages and employment. This paper estimates the extent to which (falling) housing prices and (rising) social transfers can account for this...

Persistent link: https://www.econbiz.de/10012461490

Rethinking the Area Approach : Immigrants and the Labor Market in California, 1960-2005

Peri, Giovanni - 2010

employment (rather than wage) response by skill to immigration in a state, I can estimate the substitutability … of the Mexican Population to predict immigration by skill level within California. Looking at immigration to California …, in turn, explains the counter-intuitive fact that there is a zero correlation between immigration and wage and employment …

Persistent link: https://www.econbiz.de/10012462438

Has ICT Polarized Skill Demand? Evidence from Eleven Countries over 25 years

Michaels, Guy - 2010

OECD labor markets have become more "polarized" with employment in the middle of the skill distribution falling relative to the top and (in recent years) also the bottom of the skill distribution. We test the hypothesis of Autor, Levy, and Murnane (2003) that this is partly due to information...

Persistent link: https://www.econbiz.de/10012462518

Bidding for Brains : Intellectual Property Rights and the International Migration of Knowledge Workers

McAusland, Carol - 2009

We introduce international mobility of knowledge workers into a model of Nash equilibrium IPR policy choice among countries. We show that governments have incentives to use IPRs in a bidding war for global talent, resulting in Nash equilibrium IPRs that can be too high, rather than too low, from...

Persistent link: https://www.econbiz.de/10012463163