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Returns to Human Capital and Investment in New Technology
Luzio, Rodolfo - 2001
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...
Persistent link: https://www.econbiz.de/10014400979
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Social Returns to Education : Evidence From Italian Local Labor Market Areas
Dalmazzo, A. - 2003
The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling for individual characteristics, local average human capital is positively correlated with individual wages, with estimated social returns between 2 and 3 percent. This result is...
Persistent link: https://www.econbiz.de/10014403676
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Why Are Japanese Wages so Sluggish?
Sommer, Martin - 2009
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries …. This paper suggests that Japan''s dualities between regular and ""nonregular"" labor market contracts and the relatively … protection and benefits between regular and nonregular workers could help put Japan''s wages on an upward trajectory in the …
Persistent link: https://www.econbiz.de/10014402501
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Are low-skill women being left behind? : labor market evidence from the UK
Dabla-Norris, Era; Pizzinelli, Carlo; Rappaport, Jay - 2022
Labor markets in the UK have been characterized by markedly widening wage inequality for lowskill (non-college) women, a trend that predates the pandemic. We examine the contribution of job polarization to this trend by estimating age, period, and cohort effects for the likelihood of employment...
Persistent link: https://www.econbiz.de/10013170024
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Countercyclical fiscal policy and gender employment gap : evidence from the G-7 countries
Akitoby, Bernardin; Honda, Jiro; Miyamoto, Hiroaki - 2019
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 countries. Using the local projection method, we find that,...
Persistent link: https://www.econbiz.de/10012001474
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Immigration and wage dynamics in Germany
Klinger, Sabine; Musayev, Anvar; Natal, Jean-Marc; … - 2019
German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in unemployment was structural. Micro-founded Phillips curves fit the German data rather...
Persistent link: https://www.econbiz.de/10012155220
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Changes in the Structure of Earnings During the Polish Transition
Prasad, Eswar - 2002
This paper documents that inequality in labor earnings increased substantially during the economic transition in Poland. One surprising result is that earnings inequality increased markedly in both the private and public sectors, indicating that even state-owned enterprises in Poland moved...
Persistent link: https://www.econbiz.de/10014403669
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Health spending in Japan : macro-fiscal implications and reform options
Nozaki, Masahiro; Kashiwase, Kenichiro; Saito, Ikuo - 2014
Health spending has risen rapidly in Japan. We find two-thirds of the spending increase over 1990–2011 resulted from … increase of 2–3 percentage points of GDP. This will require a sizable increase in government transfers. Japan can introduce …
Persistent link: https://www.econbiz.de/10012671842
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Shock from graying : is the demographic shift weakening monetary policy effectiveness
Imam, Patrick - 2013
effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
Persistent link: https://www.econbiz.de/10012667511
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Anatomy of sudden yen appreciations
Han, Fei; Westelius, Niklas J. - 2019
Japan's efforts to reflate the domestic economy and achieve the inflation target. This paper takes a closer look at …
Persistent link: https://www.econbiz.de/10012102082