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subsample 1975{1997. It extends the analytical framework of Card and Lemieux (2001) which simultaneously includes skill and age … as important dimensions of heterogeneity. After having identified cohort effects in skill wage premia and in the … evolution of relative employment measures, we estimate elasticities of substitution between employees in three different skill …
Persistent link: https://www.econbiz.de/10005763619
skill-biased technical change effects are most evident prior to 1983. This predates the diffusion of personal computer … price-induced substitution, nonhomothetic output effects and skill-biased technical change responses to a range of proposed …
Persistent link: https://www.econbiz.de/10005761848
Gefährdet der demographische Wandel den ökonomischen Wohlstand in Deutschland oder reicht das Arbeitsvolumenangebot aus, um den Arbeitsvolumenbedarf zu decken? In diesem Beitrag wird mittels Wachstumszerlegung der Bedarf für ein fortgeschriebenes BIP-pro-Kopf ermittelt. Dieser wird dem...
Persistent link: https://www.econbiz.de/10010959817
This note presents and tests a general model to help explain why the demand for labor adapts to the availability of labor. In particular, we postulate that the cost of hiring declines with a growth in available labor for two reasons: (1) individuals seeking employment would be coming to...
Persistent link: https://www.econbiz.de/10011212571
This paper presents and tests a model that may partially explain why the demand for labor adapts to the availability of labor. In particular, I postulate that the cost of hiring declines with increases in the amount of labor available. The cost of hiring would decrease with a growth in available...
Persistent link: https://www.econbiz.de/10010556211
The consequences of aggregation, temporal or spatial, for the estimation of demand models are theoretically well-known, but have not been documented empirically with appropriate data before. In this paper we conduct a simple, but instructive, exercise to fill in this gap, using a large quarterly...
Persistent link: https://www.econbiz.de/10005566347
adjustment costs that are highly unevenly distributed across workers according to their skill levels and conditions of employment …
Persistent link: https://www.econbiz.de/10010959580
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s. This period includes the boom and bust cycle of the early 1920s as well as the Great Depression of the early 1930s. The events of the early 1920s are particularly intriguing,...
Persistent link: https://www.econbiz.de/10011279371
) labor that should assist in short-run policy design and to identify the extent of skill biases or otherwise in trade and …
Persistent link: https://www.econbiz.de/10005763787
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....
Persistent link: https://www.econbiz.de/10005566334