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The Replacement Problem in Frictional Economies: An 'Equivalence Result'

Hornstein, Andreas; Krusell, Per; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2005

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching …, and (ii) the total amount of wage inequality generated by frictions is very small. We explain these findings in light of …

Persistent link: https://www.econbiz.de/10005666592

The Effects of Technical Change on Labour Market Inequalities

Hornstein, Andreas; Krusell, Per; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2005

In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …

Persistent link: https://www.econbiz.de/10005504683

The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

Färnstrand Damsgaard, Erika; Krusell, Per - C.E.P.R. Discussion Papers - 2010

This paper builds a theory of the shape of the distribution of total-factor productivity (TFP) across countries. The data on productivity suggests vast differences across countries, and arguably even has \twin peaks". The theory proposed here is consistent with vast differences in long-run...

Persistent link: https://www.econbiz.de/10008642880

The Cash Opportunity of Childbearing: An Approach Using British Data

Joshi, Heather - C.E.P.R. Discussion Papers - 1987

The opportunity costs of rearing British children, in terms of cash earnings forgone by their mother, are estimated for a typical family. Data from the 1980 Women and Employment Survey provide estimates for hourly pay as a function of work experience and current hours of work. In addition, these...

Persistent link: https://www.econbiz.de/10005792397

Pay Differences Between Men and Women: Longitudinal Evidence from the 1946 Birth Cohort

Joshi, Heather; Newell, Marie-Louise - C.E.P.R. Discussion Papers - 1987

The MRC National Survey of Health and Development provides data on the hourly pay of males and females at age 26 in 1972 and in 1977. These have been subjected to regression analysis to see how far the gap between men's and women's pay is statistically explicable by (a) a "human capital" model...

Persistent link: https://www.econbiz.de/10005504211

Participation in Paid Work: Multiple Regression Analysis of the Women and Employment Survey

Joshi, Heather - C.E.P.R. Discussion Papers - 1985

Models to explain the chances of economic activity, employment and full-time work in a national cross-section of British women in 1980 in terms of a number of demographic and economic variables are estimated by OLS. Marital status differentials are minor once the presence of dependent children...

Persistent link: https://www.econbiz.de/10005661763