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Among better-educated employed men, the fraction of full-time full-year (FTFY) workers is quite high and stable … and out of the FTFY status. We find that the well-documented deceleration in the growth rate of relative supply of college … relevance of the plain skill-biased technical change (SBTC) hypothesis. We conclude that what happens to the within …
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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/10010427502
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
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/10005187360
This paper examines how policies, aimed at increasing the supply of education in the economy, affect the matching between workers and firms, and the wages of various skill groups. We build an equilibrium model where workers endogenously invest in education, while firms direct their technology...
Persistent link: https://www.econbiz.de/10012866274
We study how technological change affects between‐ and within‐education‐group inequality in the United States. We develop a model with heterogeneous workers and firms in which the demand for skills is characterized by firms' recruiting behavior. We use the model to quantify the relative...
Persistent link: https://www.econbiz.de/10015053136
This paper establishes that the rise in employer-provided training due to technological change has dampened the college wage premium. Using unique survey micro-data, I show that hightechnology firms provide more training overall, but the gap in training participation between high- and low-skill...
Persistent link: https://www.econbiz.de/10014635196
SBTC is a powerful mechanism in explaining the increasing gap between educated and uneducated wages. However, SBTC …
Persistent link: https://www.econbiz.de/10010360293