Despite the recovery of economic growth in Latin America during the 1990s, rising unemployment, high informality rates and sluggish wages lie at the root of high inequality and poverty. This paper looks at changes in hourly earnings from the early 1990s to the early 2000s in three relatively...

Pro-poor tourism is arguably one of the best green options for addressing LDC poverty, employment and economic diversification initiatives. Although often neglected as a serious policy option - and consequently most of its potential still remains untapped - tourism is the leading export for at...

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

This paper uses two recent UK surveys to investigate labour market performance, the determinants of language proficiency, and the effect of language on earnings and employment probabilities of non-white immigrants. Our results show that language acquisition, employment probabilities, as well as...

After a decade in which wages and employment fell precipitously in low-skill occupations and expanded in high-skill occupations, the shape of U.S. earnings and job growth sharply polarized in the 1990s. Employment shares and relative earnings rose in both low and high-skill jobs, leading to a...

This paper analyzes the implications of labor market institutions and policies on the employment-labor productivity trade-off. We consider an equilibrium search model with wage posting and specific human capital investment where unemployment and the distribution of both wages and productivity...

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

Interpretation of the phenomenon of graduate overeducation remains problematical. In an attempt to resolve at least some of the issues this paper makes use of the panel element of the HILDA survey, distinguishing between four possible combinations of education/skills mismatch. For men we find a...

In der gegenwärtigen Diskussion gilt es als sicher, dass wir in einer Zeit rasant fortschreitender Automatisierung leben, die insbesondere durch den Einsatz von Robotern vorangetrieben wird. Die Roboterdichte gilt dementsprechend in vielen Publikationen als der zentrale Indikator der...

In einer modernen wissensintensiven Wirtschaft ist Humankapital der Schlüssel zur Sicherung des Arbeitskräfteangebots und des Produktivitätszuwachses. Humankapital wird nicht nur in Schulen, sondern auch in der Familie und in Betrieben gebildet. Daher ist ein Gleichgewicht von Arbeit und...