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the mainstream of economic theory and within the power of its analytical and econometric tools. Human capital is not the …. The following is a description of research in the distribution of labor incomes in which human capital theory serves as an …
Persistent link: https://www.econbiz.de/10012479073
This paper analyzes the effects of differential turnover patterns and the existence of firm specific training, jointly financed by employer and employee, on male-female wage and employment differentials. Chapter 1 introduces the topic of sex differences in occupational distribution and...
Persistent link: https://www.econbiz.de/10012479096
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/10012472244
This paper presents a theoretical and empirical study of the economic progress experienced by immigrants in the U.S. labor market. The theoretical framework illustrates that the relationship between the entry wage of immigrants and the subsequent rate of wage growth depends on the technology of...
Persistent link: https://www.econbiz.de/10012472297
In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...
Persistent link: https://www.econbiz.de/10012472459
Differences in wages between skill groups declined in the 1970's and rose in the 1980's, but aggregate wage inequality grew throughout the period. This divergence remains a puzzle in recent studies of U.S. wage inequality. In this paper the sometimes divergent paths of inter-group and...
Persistent link: https://www.econbiz.de/10012473005
This paper reviews and synthesizes the literature on the macroeconomic implications of human capital theory. I begin …
Persistent link: https://www.econbiz.de/10014247921
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064
Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less regulated labour and product markets in the US. Based on the Comparative German American Structural Database and the International Adult Literacy Survey we find that employment of...
Persistent link: https://www.econbiz.de/10012471302
We investigate the role of training in reducing the gender wage gap using the UK-BHPS which contains detailed records of training. Using policy changes over an 18 year period we identify the impact of training and work experience on wages, earnings and employment. Based on a lifecycle model and...
Persistent link: https://www.econbiz.de/10012479726