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decline in the demand for and the real wages of this group after 2000. We investigate empirically, whether there has been a … education attainment and wages over time, we put a particular focus on changes of the task composition, the chances of entering … top-paying jobs, entry wages and wage growth, and skill premia over time. To allow for a detailed analysis, we distinguish …
Persistent link: https://www.econbiz.de/10011580806
While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...
Persistent link: https://www.econbiz.de/10010345125
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
should be higher, about 2.2. Together with prior estimates of the quit elasticity these results imply that wages are 72 …
Persistent link: https://www.econbiz.de/10013431623
Earnings inequality declined rapidly in Argentina, Brazil and Chile during the 2000s. A reduction in the experience premium is a fundamental driver of declines in upper-tail (90/50) inequality, while a decline in the education premium is the primary determinant of the evolution of lower-tail...
Persistent link: https://www.econbiz.de/10011641653
Community Survey to examine the effect of formal schooling on worker wages. Given the potential endogeneity of education … censuses. The instrumental variables results suggest that schooling has a significant positive effect on worker wages …. Specifically, an additional year or schooling is estimated to increase hourly wages by 10 percent for men and 12.6 percent for …
Persistent link: https://www.econbiz.de/10010434601
This paper examines the impact of innovations and wages on the demand for heterogeneous labour. Based on matched data …. This result implies that more flexible wages of the unskilled would reduce the unemployment of this group. Finally, our …
Persistent link: https://www.econbiz.de/10011318593
Paid parental leave schemes have been shown to increase women's employment rates but decrease their wages in case of …
Persistent link: https://www.econbiz.de/10012164550
In 30% of young American couples the wife is more educated than the husband. Those women are characterized by a substantially higher employment (all else equal), which in turn amplifies income inequality across couples. Using NLSY79, we formulate and structurally estimate a dynamic life-cycle...
Persistent link: https://www.econbiz.de/10011476887
Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability...
Persistent link: https://www.econbiz.de/10011955395