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Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the...
Persistent link: https://www.econbiz.de/10010228790
distributions generally overlap. The model shows that the impact of any given skill-biased technical change on wage inequality is …
Persistent link: https://www.econbiz.de/10009727655
We analyse the information in the Dictionary of Occupational Titles to characterize the structure of labour demand. Two dimensions, an intellectual factor and a dexterity factor capture most variation in job requirements. Job complexity in relation to Things correlates highly with the dexterity...
Persistent link: https://www.econbiz.de/10003189629
As technological advances accelerate and labour demands shift, the ability of workers to reallocate across occupations will be crucial for shaping labour market dynamics, inequality, and effective policy design. In this paper, we develop a tractable equilibrium model of the labour market that...
Persistent link: https://www.econbiz.de/10015373930
New Zealand has seen dramatic changes in minimum wage policies since 2000. The adult minimum wage has increased 75% in CPI-adjusted real terms. In addition, the youth minimum wage was abolished in two stages, resulting in a 125% increase in the real minimum wage for 16-19-year-old workers. We...
Persistent link: https://www.econbiz.de/10012517238
liberalization, affected the patterns of relative demand and relative earnings across skill-demographic groups in the 1990s … participation changed the skill-demographic composition of labor supply, pushing education and experience premium downward, but this …
Persistent link: https://www.econbiz.de/10013286576
to growing national skill premia. However, if workers are not highly mobile across firms, industries and locations, then …
Persistent link: https://www.econbiz.de/10012745407
This note presents and tests a general model to help explain why the demand for labor adapts to the availability of labor. In particular, we postulate that the cost of hiring declines with a growth in available labor for two reasons: (1) individuals seeking employment would be coming to...
Persistent link: https://www.econbiz.de/10010498574
Massification of tertiary education, growing share of student workers on labour market and consequently increased competition for low-skilled jobs gave rise to the theory of crowding out of the less educated workers. This paper contributes to better understanding of temporary...
Persistent link: https://www.econbiz.de/10011288524
We investigate the potential channels that drive female labor force participation to rise in response to unbalanced sex ratios, in the presence of strong social norms against female employment. One such channel is women's desired labor supply, operating through the marriage market, and the other...
Persistent link: https://www.econbiz.de/10011913140