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In the last quarter century, wage inequality has increased dramatically in the United States. At the same time, the US has become more integrated into the world economy prices of final goods have changed, the capital stock has more than doubled has become steadily more educated. This paper...
Persistent link: https://www.econbiz.de/10013218410
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
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 exploits a rich and largely untapped source of information on the wages and other characteristics of …
Persistent link: https://www.econbiz.de/10013138351
Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than …
Persistent link: https://www.econbiz.de/10012907139
This paper analyzes the degree of short-run, real wage flexibility in a two-sector economy under floating rates. This is done by deriving optimal wage indexation in a contracting framework. We find that the more closed the economy, the lower the degree of wage indexation. As a result, output...
Persistent link: https://www.econbiz.de/10013219727
country characteristics that lead to high wages at the time of entry also lead to faster wage growth …
Persistent link: https://www.econbiz.de/10013233734
A simple supply and demand framework is used to analyze changes in the U.S. wage structure from 1963 to 1987. Rapid secular growth in the demand for more-educated workers, 'more-skilled' workers, and females appears to be the driving force behind observed changes in the wage structure. Measured...
Persistent link: https://www.econbiz.de/10013237022
productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … deferred wages. We find a productivity premium for marriage equal to that of the wage premium, and a productivity premium for …
Persistent link: https://www.econbiz.de/10013239185
We study worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a … worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit …-maximizing firms to compress wages under quite general conditions. Our laboratory experiments, on the other hand, show that --while …
Persistent link: https://www.econbiz.de/10013239973