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Stepping Off the Wage Escalator : The Effects of Wage Growth on Equilibrium Employment
Elsby, Michael - 2010
This paper emphasizes the role of wage growth in shaping work incentives. It provides an analytical framework for labor supply in the presence of a return to labor market experience and aggregate productivity growth. A key finding of the theory is that there is an interaction between these two...
Persistent link: https://www.econbiz.de/10013152379
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Substitution between Immigrants, Natives, and Skill Groups
Borjas, George J. - 2011
The wage impact of immigration depends crucially on the elasticity of substitution between similarly skilled immigrants and natives and the elasticity of substitution between high school dropouts and graduates. This paper revisits the estimation of these elasticities. The U.S. data indicate that...
Persistent link: https://www.econbiz.de/10013119968
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Do the Cognitive Skills of School Dropouts Matter in the Labor Market?
Tyler, John H.; Murnane, Richard J.; Willett, John B. - 2021
Does the U.S. labor market reward cognitive skill differences among high school dropouts, the members of the labor force with the least educational attainments? This paper reports the results of an exploration of this question, using a new data set that provides information on the universe of...
Persistent link: https://www.econbiz.de/10013226067
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The Short- and Long-Term Career Effects of Graduating in a Recession : Hysteresis and Heterogeneity in the Market for College Graduates
Oreopoulos, Philip - 2010
The standard neo-classical model of wage setting predicts short-term effects of temporary labor market shocks on careers and low costs of recessions for both more and less advantaged workers. In contrast, a vast range of alternative career models based on frictions in the labor market suggests...
Persistent link: https://www.econbiz.de/10012760417
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Exchange Rates and Wages
Goldberg, Linda S.; Tracy, Joseph S. - 2021
implications of exchange rates, reporting that industry wages are significantly more responsive than industry employment. We offer … the main mechanism for exchange rate effects on wages occurs through job turnover and the strong consequences this has for … the wages of workers undergoing such job transitions. By contrast, workers who remain with the same employer experience …
Persistent link: https://www.econbiz.de/10013236800
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The Short- and Long-Term Career Effects of Graduating in a Recession : Hysteresis and Heterogeneity in the Market for College Graduates
Oreopoulos, Philip; von Wachter, Till; Heisz, Andrew - 2021
The standard neo-classical model of wage setting predicts short-term effects of temporary labor market shocks on careers and low costs of recessions for both more and less advantaged workers. In contrast, a vast range of alternative career models based on frictions in the labor market suggests...
Persistent link: https://www.econbiz.de/10013237962
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Offshoring and Labor Markets
Hummels, David L. - 2016
We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start …
Persistent link: https://www.econbiz.de/10012997887
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Heterogeneity and Cyclical Unemployment
Bils, Mark; Chang, Yongsung; Kim, Sun-Bin - 2021
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find...
Persistent link: https://www.econbiz.de/10013311946
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The Wages and Language Skills of U.S. Immigrants
Carliner, Geoffrey - 2021
This paper finds that immigrants on average earned about $0.50/hour less than native-born Americans in 1989. Immigrants from some regions earned much more than natives, while others, especially from Mexico, earned much less. This paper also finds that when immigrants first arrive in the U.S....
Persistent link: https://www.econbiz.de/10013235874
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Future Skill Shortages in the U.S. Economy?
Neumark, David - 2011
The impending retirement of the baby boom cohort represents the first time in the history of the United States that such a large and well-educated group of workers will exit the labor force. This could imply skill shortages in the U.S. economy. We develop near-term labor force projections of the...
Persistent link: https://www.econbiz.de/10013122470