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The U.K. skill premium fell from the 1950s to the late 1970s and then rose very sharply. This paper examines the contributions to these relative wage movements of international trade and technical change. We first measure trade as changes in product prices and technical change as TFP growth....
Persistent link: https://www.econbiz.de/10013218091
We investigate the role of training in reducing the gender wage gap using the UK-BHPS. Based on a lifecycle model and using tax and welfare benefit reforms as a source of exogenous variation we evaluate the role of formal training and experience in defining the evolution of wages and employment...
Persistent link: https://www.econbiz.de/10013312475
This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's...
Persistent link: https://www.econbiz.de/10013311868