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Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the...
Persistent link: https://www.econbiz.de/10010228790
distributions generally overlap. The model shows that the impact of any given skill-biased technical change on wage inequality is …
Persistent link: https://www.econbiz.de/10009727655
We analyse the information in the Dictionary of Occupational Titles to characterize the structure of labour demand. Two dimensions, an intellectual factor and a dexterity factor capture most variation in job requirements. Job complexity in relation to Things correlates highly with the dexterity...
Persistent link: https://www.econbiz.de/10003189629
We analyze the effect of local-level labor market concentration on wages. Using plant-level U.S. Census data over the period 1978–2016, we find that: (1) local-level employer concentration exhibits substantial cross-sectional variation; (2) consistent with labor market monopsony power, there...
Persistent link: https://www.econbiz.de/10012899730
wage rigidity on changes in skill-group labor market outcomes. The results provide evidence in favor of the Krugman …
Persistent link: https://www.econbiz.de/10013058527
In this paper, we develop an allocation model of workers differentiated by their field of study to test whether international differences in the wage structure can be explained by differences in labor demand and supply in each country. The model explicitly takes into account the effects of...
Persistent link: https://www.econbiz.de/10013319671
In this paper I analyze the impact of investments into information and communication technology (ICT) on relative … compensation shares of high-, medium-, and low-skilled workers. Next to investigating the influence of ICT in 14 countries, I … explore this impact for 23 industries. I find that the skill-biased technological change hypothesis is rejected if single …
Persistent link: https://www.econbiz.de/10013133911
distributions generally overlap. The model shows that the impact of any given skill-biased technical change on wage inequality is …
Persistent link: https://www.econbiz.de/10013083748
New Zealand has seen dramatic changes in minimum wage policies since 2000. The adult minimum wage has increased 75% in CPI-adjusted real terms. In addition, the youth minimum wage was abolished in two stages, resulting in a 125% increase in the real minimum wage for 16-19-year-old workers. We...
Persistent link: https://www.econbiz.de/10012517238
New Zealand has seen dramatic changes in minimum wage policies since 2000. The adult minimum wage has increased 75% in CPI-adjusted real terms. In addition, the youth minimum wage was abolished in two stages, resulting in a 125% increase in the real minimum wage for 16–19-year-old workers. We...
Persistent link: https://www.econbiz.de/10012597448