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Various studies found wage gaps between formal and informal sector workers even after controlling for a number of individual and firm level characteristics. It has also been shown that earnings differentials across these sectors are quite stable over the years. While there is limited amount of...
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, we show analysts with portfolios that are more exposed to AI are more likely to reallocate efforts to soft skills, shift … accurate analysts, leaving for non-research jobs. Reallocating efforts toward tasks that rely on social skills improve … consensus forecasts. However, increased exposure to AI reduces the novelty in analysts' research which reduces compensation …
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Success in life increasingly depends on key skills that allow people to thrive in education, the labor market, and … creative individuals have a package of practical skills that allows them to thrive in work environments where learning from …
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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...
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Over the last decades, productivity in the tradable sector rose substantially, while in the non-tradable sector, output per worker has remained the same, despite a similar increase in human capital in both sectors. This paper emphasizes that duality in higher education as well as heterogeneous...
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