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Minimum wages, global markets, unemployment …
Persistent link: https://www.econbiz.de/10013436092
The deterioration of the income and employment position of unskilled workers in the OECD since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" ("globalisation") and technological progress. Several...
Persistent link: https://www.econbiz.de/10011437433
In this paper we revisit the influential theory of monopolistic competition and optimum product variety as developed by …-Stiglitz-Krugman model. Later we reflect on wage inequality and unemployment providing some interesting results. …
Persistent link: https://www.econbiz.de/10012603414
The deterioration of the income and employment position of unskilled workers in the OECD area since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" or "globalisation" and technological progress....
Persistent link: https://www.econbiz.de/10013320900
"The labor markets of important OECD countries show a similar picture: high wages and low unemployment for skilled … workers and low wages but high unemployment for low-skilled workers. During the last 10 years this fact has been studied under …
Persistent link: https://www.econbiz.de/10013520753
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012162484
We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...
Persistent link: https://www.econbiz.de/10011374067
between and within skill categories, as well as an increase in unemployment, especially among low-skill workers. Movements in … productivity, unemployment and inequality may thus be linked to induced overeducation and credentialism. …
Persistent link: https://www.econbiz.de/10011527123
The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market … has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply … to an increased relative skill demand which is not matched by the skill supply and therefore mis-match unemployment …
Persistent link: https://www.econbiz.de/10011444759