Showing 1 - 10 of 14
This paper summarizes evidence for the existence of a wage curve - a downward-sloping relationship between the level of pay and the local unemployment rate - in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1
Persistent link: https://www.econbiz.de/10012780053
High- and low-wage occupations are expanding rapidly relative to middle-wage occupations in both the U.S. and the E.U. We study the reallocation of workers from middle-skill occupations towards the tails of the occupational skill distribution by analyzing changes in age structure within and...
Persistent link: https://www.econbiz.de/10012765086
manufacturing. Earnings losses are larger for individuals with low initial wages, low initial tenure, and low attachment to the …
Persistent link: https://www.econbiz.de/10013046220
potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …
Persistent link: https://www.econbiz.de/10014078744
lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These …
Persistent link: https://www.econbiz.de/10013125472
We offer an integrated explanation and empirical analysis of the polarization of U.S. employment and wages between 1980 …
Persistent link: https://www.econbiz.de/10013096151
unemployment, lower labor force participation, and reduced wages in local labor markets that house import-competing manufacturing …
Persistent link: https://www.econbiz.de/10013087894
Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how...
Persistent link: https://www.econbiz.de/10012861314
After a decade in which wages and employment fell precipitously in low-skill occupations and expanded in high … accounted for by a single proximate cause − rising employment and wages in low-education, in-person service occupations. We … automation. We find that in labor markets that were initially specialized in routine-intensive occupations, employment and wages …
Persistent link: https://www.econbiz.de/10013039418
This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United States. Regional exposure to technological change, as measured by specialization in routine task-intensive production and clerical occupations, is largely uncorrelated with regional...
Persistent link: https://www.econbiz.de/10013035727