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The job polarization hypothesis suggests a U-shaped pattern of employment growth along the earnings/skill distribution, which is driven by simultaneous growth in the employment of high-skill/high-earnings and low-skill/low-earnings occupations due to Routine-Biased Technological Change (RBTC)...
Persistent link: https://www.econbiz.de/10012229067
Current studies addressing the rise in inequality confine themselves to country-level developments. This paper delineates trends in earnings inequality and employment at the sectoral level for eight LIS countries between 1985-2005. Earnings inequality mainly manifests itself within rather than...
Persistent link: https://www.econbiz.de/10009769255
This paper examines the distributive impact of economic globalisation, technological progress and changes in labour market policies, regulations and institutions in OECD countries over the past quarter century, up to the Great Recession. It identifies the relevant pathways between macro-economic...
Persistent link: https://www.econbiz.de/10010127836
The digital transformation imposes both opportunities and risks for creativity and for creative employment, with implications for trends in income levels and the distribution of income. First, we consider skill-biased technological change as a determinant of income and labor market outcomes in...
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With the current economic transformation, the widening gap between income and the accumulation of wealth becomes an important area of study. This study reviews wage differentials and a number of economic theories regarding wage determination and labor market incentives. To analyze the wage...
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