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knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011398011
The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...
Persistent link: https://www.econbiz.de/10010417976
model of the labor market where workers derive (dis-) utility from comparing their own wage with wages paid at other firms …. As social comparisons become more prevalent all workers are paid higher wages, the wage distribution becomes more equal …
Persistent link: https://www.econbiz.de/10011665750
A well-established stylised fact is that employer provided job-related training raises productivity and wages. Using UK … very effective in reducing inequality, measured as the distance between skilled and unskilled wages and incomes. …
Persistent link: https://www.econbiz.de/10011704691
normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …
Persistent link: https://www.econbiz.de/10012534545
expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …
Persistent link: https://www.econbiz.de/10014247564
We extract estimation results on the Mincer earnings function from four earlier studies and add new results from a …
Persistent link: https://www.econbiz.de/10011416388
How important is mastering information and communication technologies (ICT) in modern labor markets? We present the first evidence on this question, drawing on unique data that provide internationally comparable information on ICT skills in 19 countries. Our identification strategy relies on the...
Persistent link: https://www.econbiz.de/10011416403
Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use...
Persistent link: https://www.econbiz.de/10011544177
paper, therefore, we illustrate the estimation challenges when migrations are temporary. As in an overwhelming share of the … problem becomes inherently dynamic and requires a more structural approach to estimation, which we briefly discuss. …
Persistent link: https://www.econbiz.de/10011481390