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knowledge sector is bounded, as productivity increases, the economy moves from a ?Solovian zone? where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10010262477
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....
Persistent link: https://www.econbiz.de/10010272949
If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and depends positively on intellectual property, a social planner which cares about income distribution may in principle want to use a reduction in Intellectual Property Rights (IPRs)...
Persistent link: https://www.econbiz.de/10010262329
A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people?s consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more equal...
Persistent link: https://www.econbiz.de/10010262032
In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
Persistent link: https://www.econbiz.de/10010269677
In this paper, we study gains and losses that accrue to natives because of immigration. The gain on the aggregated level is called the ?immigration surplus?, which can be seen as analogous to a consumer surplus. We derive changes in the earnings of native owners of production factors by...
Persistent link: https://www.econbiz.de/10010261625
on wages which can be seen as a lower bound for the effects on productivity. Based on panel data from the Swiss Labour … together, there are significant effects of work-related training on wages of roughly 2% for each training event. There is some …
Persistent link: https://www.econbiz.de/10010261839
The question we address in this paper is which factors influence the quitting decision of public sector teachers in England and Wales, using a nationally representative panel data set over 1997-2003. We document the outcomes of former teachers, fit single and competingrisks duration models and...
Persistent link: https://www.econbiz.de/10010261913
coverage on work-related training and how the union-training link affects wages and wage growth for a sample of full-time men …
Persistent link: https://www.econbiz.de/10010261935
following arrival, wages of highly skilled immigrants grow at 8% a year. Rising prices of skills, occupational transitions …, accumulated experience in Israel and economy-wide rise in wages account for 3.4, 1.1, 1.5 and 1.4 percent each. In the long run …, the average wages of immigrants approach but do not converge to the wages of comparable natives. The main reason for that …
Persistent link: https://www.econbiz.de/10010262081