Showing 1 - 10 of 157
female labor supply for the labor market. We find that greater female labor supply: (1) Leads to lower female wages; a 10 … percent increase in female employment reduces female earnings by 7 to 11 percent; (2) Leads to lower male wages; a 10 percent …
Persistent link: https://www.econbiz.de/10014114961
advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …
Persistent link: https://www.econbiz.de/10014496402
Persistent link: https://www.econbiz.de/10011959517
I consider an economy where skilled and unskilled workers use different technologies. The rate of improvement of each technology is determined by a profit-maximizing R&D sector. When there is a high proportion of skilled workers in the labor force, the market for skill-complementary technologies...
Persistent link: https://www.econbiz.de/10014208257
This paper explains why firms with identical opportunities may use different technologies and offer different wages …). In equilibrium, some firms adopt high fixed cost, high productivity technologies, offer high wages, and fill job openings … quickly. Other firms adopt less capital-intensive technologies and offer lower wages, hiring mostly uninformed workers. In …
Persistent link: https://www.econbiz.de/10014208264
training are borne by workers. When labor market frictions compress the structure of wages, firms may pay for these investments …
Persistent link: https://www.econbiz.de/10014194939
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/10014119494
advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …
Persistent link: https://www.econbiz.de/10013388884
This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages …
Persistent link: https://www.econbiz.de/10014576564
their employees’ wages. Within five years of the appointment of a business manager, wages decline by 6% and the labor share …
Persistent link: https://www.econbiz.de/10013296532