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. Wage inequality is associated with skills, human capital, technology and metro size - in line with the literature on skill …
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To improve the employment rates and earnings of Americans workers, we need to create more coherent and effective education and workforce development systems, focusing primarily (though not exclusively) on disadvantaged youth and adults, and with education and training more clearly targeted...
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for industry profitability. Though, high wages appear also to be associated with high labour skills and then with superior … skilled labour. Given an underlying skills distribution, the model determines profits, wages and aggregate income and welfare …. Results show that high net wages due to a low skills endowment in the economy are typically associated with low profits …
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educated immigrant and native workers. Native workers' wages have been insulated by differences in skills, adjustments in local …
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Economists once believed firms do not pay to develop occupational skills that workers could use in other, often …
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This article explores the impact of innovation, offshoring and demand on profits and wage dynamics. The growing relevance of functional distribution in terms of explaining personal distribution underscores the importance of our results for understanding recent increases in inequality. The...
Persistent link: https://www.econbiz.de/10011420638
The impact of offshoring on domestic jobs is more complicated than it first appears. In the standard narrative, offshoring production is thought to harm domestic workers by providing cheap alternative sources of labor. However, while offshoring may directly displace domestic workers, the...
Persistent link: https://www.econbiz.de/10011433366