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How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and … wages. We find that firms value cognitive skills on average almost twice as much as interpersonal and manual skills, and … they prize complementarity in cognitive and interpersonal skills. The average return to VET skills in hourly wages is 9 …
Persistent link: https://www.econbiz.de/10012912688
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s … by a period of sharp deflation where nominal wages and prices fell by 30 percent and unemployment increased from 5 to 30 … percent. We examine whether relatively standard wage and employment equations can account for the volatile economic …
Persistent link: https://www.econbiz.de/10013107065
In this paper we investigate the long- and short-run relationships between disasters and societal trust. A growing body research suggests that factors such as income inequality, ethnic fractionalization, and religious heritage are important determinants of social capital in general, and trust in...
Persistent link: https://www.econbiz.de/10013315874
In this paper, we investigate the use of interactive effect or linear factor models in regional policy evaluation. We contrast treatment effect estimates obtained by Bai (2009)'s least squares method with the popular difference in differences estimates as well as with estimates obtained using...
Persistent link: https://www.econbiz.de/10013043208
We estimate the causal effect of the Indian Ocean tsunami in Sri Lanka on household income and consumption eight years after the event, using a quasi-experimental method. A strong association between area-wide tsunami disaster shock and increases in household income and consumption in the...
Persistent link: https://www.econbiz.de/10013315483
We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Canterbury...
Persistent link: https://www.econbiz.de/10012915610
, fertility and children's living circumstances during 1990-2014. On average, trade shocks differentially reduce employment and …
Persistent link: https://www.econbiz.de/10012916528
We analyze the effect of exposure to international trade on earnings and employment of U.S. workers from 1992 through … manufacturing. Earnings losses are larger for individuals with low initial wages, low initial tenure, and low attachment to the … adjustment costs that are highly unevenly distributed across workers according to their skill levels and conditions of employment …
Persistent link: https://www.econbiz.de/10013045347
Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find … that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while …
Persistent link: https://www.econbiz.de/10013316239
moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that …
Persistent link: https://www.econbiz.de/10012958452