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The reservation wage is an integral part of most theories of involuntary unemployment. We use panel data to examine the empirical determinants of the reservation wage - in particular the inßuence of previous wages - and consider what this implies for the evolution of the natural rate of...
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This paper investigates empirically the link between international outsourcing and the skill structure of labour demand in the United Kingdom. It is the first detailed study of this issue for the UK. Outsourcing is calculated using import-use matrices of input-output tables for manufacturing...
Persistent link: https://www.econbiz.de/10010277445
Many commentators have argued that "key skills" are becoming more important in modern workplaces. This paper draws on a survey that uses a methodology based on job analysis to measure skills at work, and estimates their implicit prices using a hedonic wage equation. The main new findings are...
Persistent link: https://www.econbiz.de/10010443312
Are social (occupational) classes coherent, distinct entities? While they reflect an underlying reality, they are more fragmented than theory suggests. It is hypothesised that skill mismatches mean that each class includes a substantial proportion of poorly paid people who could be in the class...
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