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Using a highly stylized dynamic microsimulation model, we project the labor force of the United States up to the year 2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections are consistent with the U S Census Bureau’s and...
Persistent link: https://www.econbiz.de/10012697468
After a decade in which wages and employment fell precipitously in low-skill occupations and expanded in high …-skill occupations, the shape of U.S. earnings and job growth sharply polarized in the 1990s. Employment shares and relative earnings … rose in both low and high-skill jobs, leading to a distinct U-shaped relationship between skill levels and employment and …
Persistent link: https://www.econbiz.de/10010271316