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In this paper, human capital investments are evaluated by assuming heterogeneous returns to education. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West...
Persistent link: https://www.econbiz.de/10010297356
In this paper, human capital investments are evaluated by assuming heterogeneous returns to education. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West...
Persistent link: https://www.econbiz.de/10005098251
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …
Persistent link: https://www.econbiz.de/10010297281
This paper analyses the link between educational attainment and unemployment risk in a French-German comparison, based … on a discrete time competing risks hazard rate model applied to comparable microdata sets. The unemployment risk is … broken down into the risk of entering unemployment and the risk, once unemployed, of not getting reemployed. The paper …
Persistent link: https://www.econbiz.de/10010297286
On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to … education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … level in a standard Mincer equation. Our results show that an increase in regional unemployment by 1% decreases the returns …
Persistent link: https://www.econbiz.de/10010297542
relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic … relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the …
Persistent link: https://www.econbiz.de/10010297721
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …
Persistent link: https://www.econbiz.de/10010297774
This paper analyzes the determinants of employability differences between short-term and long-term unemployed persons. Knowing these differences could help to address active labor market policy programs more adequately to the needs of the job-seekers in order to increase employment integration....
Persistent link: https://www.econbiz.de/10010298073
the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is … progressivity is below the actual level. A decomposition approach shows that the optimal level is increased by high unemployment and …
Persistent link: https://www.econbiz.de/10010299470
, it reduces unemployment by exerting downward pressure on wages. This trade-off is quantitatively assessed using a … bargaining and involuntary unemployment. In the simulations carried out using this model, the optimal degree of tax progressivity …
Persistent link: https://www.econbiz.de/10010300518