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We study the effects on employment, costs of living, and income inequality of local shocks in the housing market or in … real income inequality: poorer, unemployed workers experience a larger increase in their cost of living index. This depends …
Persistent link: https://www.econbiz.de/10014419228
The new training literature suggests that in a monopsonistic market employers will not only pay for firm-specific training but also for general training if the risk of poaching is limited. This implies that training participation should decrease when competition for employees is higher among...
Persistent link: https://www.econbiz.de/10010229498
business cycle. Theory is ambiguous and prior literature is not fully conclusive. We examine the relationship between multiple …
Persistent link: https://www.econbiz.de/10011449729
Multiple job holding rates differ substantially across U.S. regions, states, and metropolitan areas. Rates decrease markedly with respect to labor market size. These patterns have been largely overlooked, despite being relatively fixed over (at least) the 1998-2014 period. This paper explores...
Persistent link: https://www.econbiz.de/10011449744
I study whether human capital investments are based on local rather than national demand, and whether this is explained by migration or information frictions. I analyze three sector-specific shocks with differential local effects, including the dot-com crash, the 2008 financial crisis, and a...
Persistent link: https://www.econbiz.de/10011621483
Existing evidence points to a positive correlation between specific regulations and income inequality at a country or … regional level, but little is known about how overall regulatory burden affects inequality at the local labor market level. Our …-2019. Relating our exposure to regulation measure to the CZ-level income inequality, computed from the Census records, we find that …
Persistent link: https://www.econbiz.de/10015358626
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10011294713
Imperfect competition in labor markets can lead to efficiency losses and lower aggregate output. In this paper, we study whether differences in competitiveness of labor markets can help explain differences in GDP per capita across countries. We structurally estimate a model of oligopsony with...
Persistent link: https://www.econbiz.de/10014394242
We study the distributional effect of a wage indexation mechanism - the Scala Mobile (SM) - that heavily compressed the distribution of Italian wages during the 1970s and 1980s. The SM imposed large real wage increases at the bottom of the distribution and was essentially irrelevant for...
Persistent link: https://www.econbiz.de/10011308424
earnings inequality without significant changes in within firm inequality. The estimated model fits the earnings distribution … inequality is largely due to the increase in her educational attainment over the same years. A simulation of skilled biased … technical change in the model also qualitatively fits the recent changes in earnings inequality in the United States. …
Persistent link: https://www.econbiz.de/10011613424