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This article explores whether a relationship exists between the skill shortages that a market faces, and the wages in … that workers in markets with higher levels of skill shortages receive higher wages, although this effect is minimal. For …
Persistent link: https://www.econbiz.de/10014128094
firms to pay differentially high wages. We estimate individual worker hold-up power by occupation using the effect of worker … permanent firm productivity innovations to wages, supporting the main model predictions. Accounting for heterogeneity in hold …) hold-up power decreases the responsiveness of wages to labor market slack …
Persistent link: https://www.econbiz.de/10013295449
Establishment closures have lasting negative consequences for the workers they displace from their jobs. We study how these consequences vary with the amount of skill mismatch that workers experience after job displacement. Developing new measures of occupational skill redundancy and skill...
Persistent link: https://www.econbiz.de/10014451370
The long-term earnings losses of displaced workers are substantial. We investigate the role of post-displacement occupational matching in explaining the cost of job displacement. We combine German administrative data on the work history of displaced workers with information on the task content...
Persistent link: https://www.econbiz.de/10010343781
Skilled workers emigrate from developing countries in rising numbers, raising fears of a drain on the human and financial resources of the countries they leave. This paper critiques existing policy proposals to address the development effects of skilled migration. It then proposes a new kind of...
Persistent link: https://www.econbiz.de/10010479961
competition that depicts wages as driven by labor heterogeneity, rather than scarcity. The mechanism may give rise to a …
Persistent link: https://www.econbiz.de/10010295296
competition that depicts wages as driven by labor heterogeneity, rather than scarcity. The mechanism may give rise to a …
Persistent link: https://www.econbiz.de/10010298812
The expansion of higher education in the Western countries has been accompanied by a marked widening of wage differentials and increasing overqualification. While the increase in wage differentials has been attributed to skill-biased technological change that made advanced skills scarce, this...
Persistent link: https://www.econbiz.de/10010427493
The expansion of higher education in the Western countries has been accompanied by a marked widening of wage differentials and increasing overqualification. While the increase in wage differentials has been attributed to skill-biased technological change that made advanced skills scarce, this...
Persistent link: https://www.econbiz.de/10003951369
forms of human capital acquisition to relative increases in low-skill wages. We measure the expected returns to schooling … using skill-specific wages bargained in collective agreements at the province-industry level. We argue that those wages are … that a 10% increase in the ratio of wages of unskilled workers to the wages of mid-skill workers increases the fraction of …
Persistent link: https://www.econbiz.de/10012389035