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The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...
Persistent link: https://www.econbiz.de/10012599109
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...
Persistent link: https://www.econbiz.de/10013217553
Drawing on newly available panel data, this paper presents an empirical analysis of the wage effects of changing job tasks, assessed for individuals at their workplace. I am therefore able to exploit within-occupation within-individual variation, over time, to study wage returns to cognitive,...
Persistent link: https://www.econbiz.de/10014462153
decompose wages into firm and worker components. We find that the rise of market access and competitiveness of the East has a … explain changes in the firm wage premium. The rising dispersion in worker-specific wages can be attributed to increasing skill …-specific wages. Overall, trade explains up to 19% of the recent increase in wage inequality and slightly exceeds the technology …
Persistent link: https://www.econbiz.de/10011572540
market biographies to investigate the impact on wages between 2010 and 2017. Results indicate a wage growth premium in … further explores the dynamic influence of AI exposure on individual wages over time, uncovering positive associations with … wages, with nuanced variations across occupational groups. …
Persistent link: https://www.econbiz.de/10014445769
examine the quality of jobs in terms of skills and wages. By applying a structural modeling ap- proach, four types of …. Finally, innovative firms pay higher wages. Therefore, we provide evidence for a developing country on the relevant role of … innovation in employment growth, skills demand, and the payment of higher wages. …
Persistent link: https://www.econbiz.de/10014234275
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
Persistent link: https://www.econbiz.de/10013261034
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
technology use on worker wages in the Netherlands manufacturing industry for the years 1979, 1985 and 1989. Our empirical … intensity or that have the highest labor productivity pay their workers the highest wages, when controls for worker quality are … included. Finally we find that the use of manufacturing technology has no significant influence on the wages of workers …
Persistent link: https://www.econbiz.de/10014101720