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This paper argues that skill-biased technical change has some deficiencies as a hypothesis about the impact of technology on the labor market and that a more nuanced view recently proposed by Autor, Levy and Murnane (2003) is a more accurate description. The difference between the two hypotheses...
Persistent link: https://www.econbiz.de/10005151083
There is little doubt that technology has had the most profound effect on altering the tasks that wehumans do in our jobs. Economists have long speculated on how technical change affects boththe absolute demand for labour as a whole and the relative demands for different types of labour.In...
Persistent link: https://www.econbiz.de/10004967717
Labor's share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network...
Persistent link: https://www.econbiz.de/10005151023
The first contribution of this paper is to use UK monthly firm-level data to show that there is a large amount of transitory volatility in firm-level average earnings from month to month. We conclude that this cannot all be explained away as the consequence of measurement error, composition...
Persistent link: https://www.econbiz.de/10010820102
It is widely believed that in the US wage growth has fallen massively behind productivity growth. Recently, it has also been suggested that the UK is starting to follow the same path. Analysts point to the much faster growth of GDP per hour than median wages. We distinguish between "net...
Persistent link: https://www.econbiz.de/10010702081
This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …
Persistent link: https://www.econbiz.de/10005016983