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This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns …
Persistent link: https://www.econbiz.de/10013126042
' earnings impact property crime with an elasticity of -1, but that wages have no impact on violent crime. The paper also … instrumenting real wages of young workers. Using state-year-industry specific technology shocks as instruments yields elasticities …
Persistent link: https://www.econbiz.de/10013118247
that exclusion did not affect U.S. agricultural wages or employment. Important mechanisms include adoption of less labor …
Persistent link: https://www.econbiz.de/10012963750
We develop an empirical framework to assess the importance of trade and technical change on the wages of production and … outsourcing and expenditures on high-technology equipment can explain a substantial amount of the increase in the wages of …
Persistent link: https://www.econbiz.de/10013219298
Previous research has found evidence that wages in industries characterized as high tech,' or subject to higher rates … positive relationships between technological change and wages, and between technological change and the education premium. We …
Persistent link: https://www.econbiz.de/10013236786
trade on U.S. wages. The standard model of general equilibrium presented shows that each effect tends to be opposite in sign … same, not oppo- site effect on wages at both skill levels; a rise in the foreign share in world innovation or US patents … decreases US wages; an increase in the US share in world innovation or US patents raises US wages, especially for the less …
Persistent link: https://www.econbiz.de/10013237013
This paper proposes a new and unified explanation for the following trends observed over the last 25 years: (1) the increased returns to education, (2) the slow measured growth in TFP in an economy undergoing massive changes in its methods of production, and (3) the poor wage performance,...
Persistent link: https://www.econbiz.de/10013237553
immigration shock, existing research has found little evidence that it put downward pressure on Israeli wages. In this paper we …
Persistent link: https://www.econbiz.de/10013210687
This paper examines the relationship between price growth and skill intensity across 150 manufacturing industries between 1989 and 1995. There are two main findings. First, wage growth and intermediate goods price increases are passed through to final product prices roughly in proportion to...
Persistent link: https://www.econbiz.de/10013213070
Using administrative data from the United States, we document novel stylized facts regarding technological innovation and the riskiness of labor income. Higher rates of industry innovation are associated with significant increases in labor earnings for top workers. Decomposing this result, we...
Persistent link: https://www.econbiz.de/10013298228