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Due to scarcity considerations an increase in the supply of college graduates should reduce the premium for this kind of qualification. Therefore it seems quite contradictory that a tremendous educational expansion in the USA is accompanied by rising wage dispersion (overall and between...
Persistent link: https://www.econbiz.de/10003470547
In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labor market. A key focus is on the rise of U.S. wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …
Persistent link: https://www.econbiz.de/10014023767
Due to scarcity considerations an increase in the supply of college graduates should reduce the premium for this kind of qualification. Therefore it seems quite contradictory that a tremendous educational expansion in the USA is accompanied by rising wage dispersion (overall and between...
Persistent link: https://www.econbiz.de/10010427502
This paper analyses the relationship between wage inequality and labour market development. Relevant economic theories … are ambiguous, just as public debates. We measure the effects of wage inequality, skill-biased and skill …-recursive long-runrestrictions.Results show that skill-biased technology shocks reduce hours worked but increase inequality …
Persistent link: https://www.econbiz.de/10011598502
Persistent link: https://www.econbiz.de/10012167135
Since the expansion of world trade in the 1980s, measures of inequality have risen not only in developed countries, but … empirically tests the effects of trade on wage inequality in a differentiated panel framework where countries are classified … pure “trade”- effects, supporting the Heckscher-Ohlin predictions of the effects of trade on wage inequality once the …
Persistent link: https://www.econbiz.de/10011377041
Persistent link: https://www.econbiz.de/10012878512
In this paper we examine the possible distributional impacts of new trade barriers associated with the new Trade and … new trade barriers. Looking across areas, we find that exposure to new Brexit trade barriers is uncorrelated with measures …
Persistent link: https://www.econbiz.de/10012665590
-quarter of changes in labor-market outcomes (wage inequality then and manufacturing job losses now) was predicted by trade …Trade and technological change continually alter the workplace and labor-market outcomes, with consequences for economy …
Persistent link: https://www.econbiz.de/10011752651
market policies, regulations and institutions in OECD countries over the past quarter century, up to the Great Recession. It … identifies the relevant pathways between macro-economic developments and earnings inequality among the whole working … inequality; it transmitted inequality mainly through raising wage dispersion. Economic globalisation, in terms of both rapidly …
Persistent link: https://www.econbiz.de/10010127836