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that helps low-skilled labor is conducive for controlling inequality and raising wage. Skilled talent-led innovation could … have spillover benefits for the unskilled sector while immigration into the production sector will always reduce wage …, aggravating wage inequality. In essence, we infer: (i) if R&D inputs contributes only to skilled sector, wage inequality increases …
Persistent link: https://www.econbiz.de/10012914679
The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional … views early industrialization as a predominantly deskilling process, the industrial revolution was conducive for human …
Persistent link: https://www.econbiz.de/10013003523
model generates a simple (log) wage variance decomposition that is used to measure the importance of firm and worker … productivity differentials, frictional wage dispersion and workers' sorting dynamics. I calibrate the model using a sample of young … workers for the UK. I show that wage inequality among low skilled workers is mostly due to differences in their productivities …
Persistent link: https://www.econbiz.de/10013098341
This paper develops a dynamic general equilibrium model to highlight the role of human capital accumulation of agents differentiated by skill type in the joint determination of social mobility and the skill premium. We first show that our model captures the empirical co-movement of the skill...
Persistent link: https://www.econbiz.de/10013075985
Incorporating family decisions in a two-period.model of the world economy, we predict that trade liberalization raises the skill premium and reduces child labour in developing countries where the adult labour force is sufficiently well educated to attract production activities from abroad that...
Persistent link: https://www.econbiz.de/10012951557
skilled wage and unskilled wage. Such a mechanism exists and is independent of whether the tax is progressive or proportional …
Persistent link: https://www.econbiz.de/10012954364
This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We … present a theoretical model in which workers with a wider span of competence (higher level of multitasking) earn a wage … within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …
Persistent link: https://www.econbiz.de/10013315748
effects on wage inequality in Germany using a dynamic computable general equilibrium (CGE) model of the Auerbach …
Persistent link: https://www.econbiz.de/10013316312
show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively … medium-skilled workers which caused wage inequality at the lower part of the distribution to increase in recent decades. We …
Persistent link: https://www.econbiz.de/10012949376
The stylized facts suggest a negative relationship between tax progressivity and the skill premium from the early 1960s until the early 1990s, and a positive one thereafter. They also generally imply rising tax progressivity, except for the 1980s. In this paper, we ask whether optimal tax policy...
Persistent link: https://www.econbiz.de/10013111825