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Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing...
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Wage structure, raises, and mobility : an introduction to international comparisons of the structure of wages within and across firms / Edward P. Lazear and Kathryn L. Shaw -- Adjusting imperfect data : overview and case studies / Lars Vilhuber -- Wage structure and labor mobility in the United...
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We argue that trade in intermediate inputs, or 'global production sharing,' is a potentially important explanation for the increase in the wage gap between skilled and unskilled workers in the U.S. and elsewhere. Using a simple model of heterogeneous activities within an industry, we show that...
Persistent link: https://www.econbiz.de/10012470348
Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local...
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In Japan, the manufacturing has become geographically dispersed in the 1990s, when the import share has risen after the …
Persistent link: https://www.econbiz.de/10012468798
. It suggests that the pay and employment experience of low skilled Americans is a poor counterfactual for assessing how …
Persistent link: https://www.econbiz.de/10012471160
International Adult Literacy Survey we find that employment of skilled to unskilled labour is unrelated to differences in skill … premium but that changes in relative employment are related to changes in relative wages raising the possibility of some … substitution behavior. Still, the differing dispersion of wages is not a major contributor to differences in employment rates. The …
Persistent link: https://www.econbiz.de/10012471302