Showing 1 - 10 of 2,314
This paper investigates whether and in what sense the west German wage structure has been 'rigid' in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10013428419
Persistent link: https://www.econbiz.de/10002396365
Persistent link: https://www.econbiz.de/10014320209
An increase over time in the proportion of young people obtaining a degree is likely to impact on the relative ability compositions (i) of graduates and non-graduates and (ii) across graduates with different classes of degree award. In a signalling framework, we examine the implications of this...
Persistent link: https://www.econbiz.de/10003868525
Persistent link: https://www.econbiz.de/10009746292
effect and provide empirical support for our theory. …
Persistent link: https://www.econbiz.de/10012285605
The US skill premium and college enrollment have increased substantially over the past few decades. In addition, while low-wage earners worked more than highwage earners in 1970, the opposite was true in 2000. We show that a parsimonious neoclassical model featuring skill-biased technical...
Persistent link: https://www.econbiz.de/10011764890
Persistent link: https://www.econbiz.de/10014302623
Persistent link: https://www.econbiz.de/10012486507
We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household … data from the United States. We find countercyclical variance and procyclical skewness of persistent shocks. All shock …
Persistent link: https://www.econbiz.de/10012215285