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We argue that skill-biased technological change not only affects wage gaps between skill groups, but also increases wage inequality within skill groups, across workers in different workplaces. Building on a heterogeneous firm framework with labor market frictions, we show that an industry-wide...
Persistent link: https://www.econbiz.de/10014296814
Using data for nearly 40 cohorts of American college graduates and exploiting regional variation in economic conditions, we show robust evidence of a positive relationship between the unemployment rate at the time of college enrollment and subsequent annual earnings, particularly for women. This...
Persistent link: https://www.econbiz.de/10014296831
This paper offers the first study of job polarization in Great Britain using workplace level data. We document widespread and increasing occupational specialization within establishments, along with substantial heterogeneity in specialization within industries. Changes in the specialization...
Persistent link: https://www.econbiz.de/10011525051
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This paper offers the first study of job polarization in Great Britain using workplace level data. We document widespread and increasing occupational specialization within establishments, along with substantial heterogeneity in specialization within industries. Changes in the specialization...
Persistent link: https://www.econbiz.de/10011520985
Persistent link: https://www.econbiz.de/10010392633
We estimate the costs of occupational mobility and quantify the relative importance of task content as a component of total mobility costs. We use a novel approach based on a model of occupational choice which delivers a gravity equation linking worker flows to occupation characteristics and...
Persistent link: https://www.econbiz.de/10013001103
Using data from the Current Population Survey (CPS), we show that the COVID-19 pandemic led to a loss of aggregate real labor earnings of more than $250 billion between March and July 2020. By exploiting the panel structure of the CPS, we show that the decline in aggregate earnings was entirely...
Persistent link: https://www.econbiz.de/10012824413
We find robust evidence that cohorts of male graduates who start college during worse economic times earn higher average wages than those who start during better times. This gap is not explained by differences in selection into employment, in economic conditions at the time of college...
Persistent link: https://www.econbiz.de/10012826248