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In the last decades, the OECD labor markets faced important labor supply changes with the arrival of women and the cohorts of the baby-boom. Using a survey where workers declare their true employment experience, this paper argues that these supply trends imply more inexperienced workers. It then...
Persistent link: https://www.econbiz.de/10011410676
This paper describes the changes in the composition of the labor force in the last 35 years and quantifies the substitution of low education/high experience workers by low experience/high education workers by using US and French microdata. The consequences of this substitution on the wage...
Persistent link: https://www.econbiz.de/10011401268
labor frictions. Under standard assumptions, theory always implies a motononic negative link between capital-labor ratios …
Persistent link: https://www.econbiz.de/10010387699