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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

Foreign-Affiliate Activity and U.S. Skill Upgrading

Blonigen, Bruce A. - 1999

There has been little analysis of the impact of inward foreign direct investment (FDI) on U.S. wage inequality, even though the presence of foreign-owned affiliates in the United States has arguably grown more rapidly in significance for the U.S. economy than trade flows. Using data across U.S....

Persistent link: https://www.econbiz.de/10012471760

Labor Quality, the Demand for Skill, and Market Selection

Rosen, Sherwin - 1977

This paper investigates some alternative definitions of labor for productivity and demand analysis. The paper is organized as follows: Section II considers the organization of work activities in a simple fixed coefficient technology in the presence of comparative advantage among various classes...

Persistent link: https://www.econbiz.de/10012478967

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

Skills, Tasks and Technologies : Implications for Employment and Earnings

Acemoglu, Daron - 2010

A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the supply and demand for skills by assuming two...

Persistent link: https://www.econbiz.de/10012462573

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

Trade and Workforce Changeover in Brazil

Muendler, Marc-Andreas - 2007

Linked employer-employee data for Brazil over a period of large-scale trade liberalization document two salient workforce changeovers. Within the traded-goods sector, there is a marked occupation downgrading and a simultaneous education upgrading by which employers fill expanding low-skill...

Persistent link: https://www.econbiz.de/10012465676

The Role of Globalization in the Within-Industry Shift Away from Unskilled Workers in France

Strauss-Kahn, Vanessa - 2003

Growth in international trade and globalization has been correlated in nearly all countries with a worsening of the less skilled labor situation relative to the skilled. In this empirical paper, I show that an important component of recent globalization in France has been a huge growth in...

Persistent link: https://www.econbiz.de/10012468982

The Skill Content of Recent Technological Change : An Empirical Exploration

Autor, David H. - 2001

We apply an understanding of what computers do -- the execution of procedural or rules-based logic -- to study how computer technology alters job skill demands. We contend that computer capital (1) substitutes for a limited and well-defined set of human activities, those involving routine...

Persistent link: https://www.econbiz.de/10012470387