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This paper emphasizes the role of wage growth in shaping work incentives. It provides an analytical framework for labor supply in the presence of a return to labor market experience and aggregate productivity growth. A key finding of the theory is that there is an interaction between these two...
Persistent link: https://www.econbiz.de/10013152379
This paper emphasizes the role of wage growth in shaping work incentives. It provides an analytical framework for labor supply in the presence of a return to labor market experience and aggregate productivity growth. A key finding of the theory is that there is an interaction between these two...
Persistent link: https://www.econbiz.de/10012463533
This paper quantifies the extent to which basic skills matter for young dropouts entering today's labor market. Estimates indicate that for dropouts who were age 16-18 when they took a high stakes test in the late 1990s, a standard deviation increase in scores is associated with earnings that...
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After a decade in which wages and employment fell precipitously in low-skill occupations and expanded in high … accounted for by a single proximate cause - rising employment and wages in low-education, in-person service occupations. We … automation. We find that in labor markets that were initially specialized in routine-intensive occupations, employment and wages …
Persistent link: https://www.econbiz.de/10003884083