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advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …
Persistent link: https://www.econbiz.de/10014496402
We investigate how workers adjust to firms’ investments into new digital technologies, including artificial intelligence, augmented reality, or 3D printing. For this, we collected novel data that links survey information on firms’ technology adoption to administrative social security data....
Persistent link: https://www.econbiz.de/10012623549
That historical inequality can affect long run macroeconomic performance has been argued by a large literature on … endogenous inequality using models of indivisibilities in occupational choice, in the presence of borrowing constraints. These …
Persistent link: https://www.econbiz.de/10012502955
Computing power continues to grow at an enormous rate. Simultaneously, more and better data is increasingly available and Machine Learning methods have seen significant breakthroughs in the recent past. All this pushes further the boundary of what machines can do. Nowadays increasingly complex...
Persistent link: https://www.econbiz.de/10012021513
-skilled workers with wages just above the minimum wage, but negative effects for high-skilled top earners in East Germany, where the …
Persistent link: https://www.econbiz.de/10012285605
I propose a method to decompose changes in income inequality into the contributions of policy changes, wage rate … apply this method to decompose the increase in income inequality in Germany from 2002 to 2011, a period that saw tax … inequality reducing effect as measured by the Mean Log Deviation and the Gini coefficient. For the Gini, these effects are offset …
Persistent link: https://www.econbiz.de/10011568532
distribution of annual earnings in Germany. We find that cross-sectional inequality rose until 2009 for men and women. After the …We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades … Great Recession inequality continued to rise at a slower rate for men and fell slightly for women due to compression at the …
Persistent link: https://www.econbiz.de/10013193660
The previous literature has shown that children who enter school at a more advanced age outperform their younger classmates on competency tests taken between kindergarten and Grade 10. This study analyzes whether these effects of school starting age continue into adulthood. Based on data on math...
Persistent link: https://www.econbiz.de/10011966974
Union. In the first three chapters we address the micro level of individual life courses: education, employment and income …. The following chapters analyse the societal consequences of inequalities. Chapter 4 looks at the unequal distribution of …
Persistent link: https://www.econbiz.de/10010430026
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012145317