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This econometric analysis investigates the impact of changes in sectoral valueadded prices and total factor productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that TFP growth mandated an increase in the unskilled wage,...
Persistent link: https://www.econbiz.de/10011490893
-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …
Persistent link: https://www.econbiz.de/10003850520
Persistent link: https://www.econbiz.de/10013261034
, pay lower wages than more standard, permanent jobs, even after controlling for differences in worker and job … example of ZHCs in the UK, we first use derived wages to replicate the ballpark conditional ZHC wage penalty typical of …
Persistent link: https://www.econbiz.de/10012257785
This paper uses data from the Cedefop European Skills and Jobs (ESJ) survey, a new international dataset of adult workers in 28 EU countries, to decompose the wage penalty of overeducated workers. The ESJ survey allows for integration of a rich, previously unavailable, set of factors in the...
Persistent link: https://www.econbiz.de/10011451997
advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying …
Persistent link: https://www.econbiz.de/10012102142
The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and … unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …
Persistent link: https://www.econbiz.de/10011646817
Persistent link: https://www.econbiz.de/10012203130
The aim of the article is to identify and compare key factors affecting the level of labor productivity, wages, and … wages and indirect taxation influencing the overall price level and the level of investment in the economy. Such conclusions …
Persistent link: https://www.econbiz.de/10011889166
Persistent link: https://www.econbiz.de/10012659905