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There is a debate about the labor market concentration being behind the anemic development of US wages over the past decades. The absence of exogenous variations for causal inference complicates this debate. Here, data from other countries can help. I exploit a variation from a quasi-natural...
Persistent link: https://www.econbiz.de/10013330696
Over the recent decades, wide-spread automation has led to a shift of the US labor force from occupations intensive in routine tasks into occupations intensive in manual and abstract tasks. I integrate routine-biased technological change into an incomplete markets model with occupation-specific...
Persistent link: https://www.econbiz.de/10013332250