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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
of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10011405565
We analyze the consequences of an increase in the supply of highly educated workers on relative and real wages in a … search model where wages are set by Nash-bargaining. The key insight is that an increase in the supply of highly educated … work force induces firms to invest more in physical capital. Wage inequality and real wages of highly educated workers …
Persistent link: https://www.econbiz.de/10011405857
Persistent link: https://www.econbiz.de/10001869058