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This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an...
Persistent link: https://www.econbiz.de/10005830793
We document and discuss the implications of a sharp increase in the regional dispersion of skill premia in China in recent years. This has previously been little noted or discussed. We use three urban household surveys for 1995, 2002, and 2007 and estimate skill premia at provincial and city...
Persistent link: https://www.econbiz.de/10008756462
Goldin and Katz's <i>The Race between Education and Technology</i> is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the...
Persistent link: https://www.econbiz.de/10009652861
The economics profession has made considerable progress in understanding the increase in wage inequality in the U.S. and the UK over the past several decades, but currently lacks a consensus on why inequality did not increase, or increased much less, in (continental) Europe over the same time...
Persistent link: https://www.econbiz.de/10005588986
The theory of factor demand has important implications for the study of the impact of immigration on wages. This paper derives the theoretical implications in the context of a general equilibrium model where the wage impact depends on the elasticity of product demand, the rate at which the...
Persistent link: https://www.econbiz.de/10005774851
between industrializing and industrialized countries. Due to restrictive laws in the receiving countries and high migration … costs, the increase in international migration has involved mainly highly educated workers. During the same period … phenomena of migration and trade in a world where countries use different skill-specific technologies and workers have different …
Persistent link: https://www.econbiz.de/10005828773
previous Latin American immigrants falls when controlling for out-migration. This highlights the importance of controlling for … out-migration not only of natives but also of previous immigrants in regional studies of immigration. …
Persistent link: https://www.econbiz.de/10005830132
wage response, the impact of migration on the wage structure differs significantly across countries. International … migration narrowed wage inequality in Canada; increased it in the United States; and reduced the relative wage of workers at the …
Persistent link: https://www.econbiz.de/10005830148
responses of natives we use a novel instrumental variable strategy. Our estimates use migration by skill group to other U ….S. states as instrument for migration to California. Migratory flows to other states, in fact, share the same "push" factors as …
Persistent link: https://www.econbiz.de/10005830621
I estimate the relative magnitudes of worker switching costs and how much the employer switching of experienced engineers responds to outside wage offers. Institutional features imply that voluntary turnover dominates switching in the market for Swedish engineers from 1970--1990. I use data on...
Persistent link: https://www.econbiz.de/10005109524