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well as the observed mean experience-earnings profiles. We show that the increase in wage inequality over this period can …
Persistent link: https://www.econbiz.de/10012994891
There has been a remarkable increase in wage inequality in the US, UK and many other countries over the past three … untested implication of many theories rationalizing the growth of within-group inequality is that firm-level productivity … manufacturing and non-manufacturing sectors since the early 1980s. We find evidence that productivity inequality has increased …
Persistent link: https://www.econbiz.de/10012759891
We estimate a dynamic model of employment, human capital accumulation - including education, and savings for women in the UK, exploiting tax and benefit reforms, and use it to analyze the effects of welfare policy. We find substantial elasticities for labor supply and particularly for lone...
Persistent link: https://www.econbiz.de/10013224392
Occupational segregation and pay gaps by gender remain large while many of the constraints traditionally believed to be responsible for these gaps have weakened over time. Here, we explore the possibility that women and men have different tastes for the content of the work they do. We run...
Persistent link: https://www.econbiz.de/10012985575
, and between 1978 and 1996, in ways correlated with changing wage inequality. Satisfaction among workers in upper earnings …
Persistent link: https://www.econbiz.de/10013308468
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
Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i.e., politicians who work in the political sector until retirement), and political careers (i.e., there are politicians who leave politics before retirement and work in the private...
Persistent link: https://www.econbiz.de/10012777608
We examine optimal retirement saving for young adults in a life cycle model. We find that for liquidity-constrained young adults who anticipate significant earnings growth, optimal retirement saving is zero. Specifically, we find that with a plausible wage profile for college-educated workers,...
Persistent link: https://www.econbiz.de/10014089470
This paper examines the careers of eleven leading American poets of the past century. Using the frequency with which poems are reprinted in anthologies as a measure of their importance, quantitative analysis reveals that among these poets there were two distinctly different life cycles: one...
Persistent link: https://www.econbiz.de/10013224665
One of the fastest-growing areas of finance research is the study of managerial biases and their implications for firm outcomes. Since the mid-2000s, this strand of behavioral corporate finance has provided theoretical and empirical evidence on the influence of biases in the corporate realm,...
Persistent link: https://www.econbiz.de/10013405095