Showing 1 - 10 of 158
We document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country differences cannot be explained by observed human capital. We conjecture that the sources of within-country and...
Persistent link: https://www.econbiz.de/10014206515
This paper describes the adoption of automation technologies by US firms across all economic sectors by leveraging a new module introduced in the 2019 Annual Business Survey, conducted by the US Census Bureau in partnership with the National Center for Science and Engineering Statistics (NCSES)....
Persistent link: https://www.econbiz.de/10013462707
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...
Persistent link: https://www.econbiz.de/10011404043
In the human capital model with perfect labor markets, firms never invest in general skills and all costs of general …. The distortion in the wage structure turns "technologically" general skills into de facto "specific" skills. Credit market …
Persistent link: https://www.econbiz.de/10014194939
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...
Persistent link: https://www.econbiz.de/10014123892
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119
A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the … supply and demand for skills by assuming two distinct skill groups that perform two different and imperfectly substitutable … economies are shaped by the interactions among worker skills, job tasks, evolving technologies, and shifting trading …
Persistent link: https://www.econbiz.de/10012462573
A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the … supply and demand for skills by assuming two distinct skill groups that perform two different and imperfectly substitutable … shaped by the interactions among worker skills, job tasks, evolving technologies, and shifting trading opportunities. We …
Persistent link: https://www.econbiz.de/10014025116
A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the … supply and demand for skills by assuming two distinct skill groups that perform two different and imperfectly substitutable … economies are shaped by the interactions among worker skills, job tasks, evolving technologies, and shifting trading …
Persistent link: https://www.econbiz.de/10013116038
We document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country differences cannot be explained by observed human capital. We conjecture that the sources of within-country and...
Persistent link: https://www.econbiz.de/10008615393