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This paper investigates how much of the difference in wage distributions is related to differences in skill … countries that have more compressed (dispersed) wage structures simultaneously have more compressed (dispersed) skill structures … as well, and according to many economists, variations in skill inequality can explain variations in wage inequality …
Persistent link: https://www.econbiz.de/10011335002
We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...
Persistent link: https://www.econbiz.de/10011517740
This paper examines the relationship between the dispersion of general skills in the working population, and inequality in the distribution of labor income that arises from the market equilibrium from occupational choices. In general, more skilled individuals earn higher labor income in the...
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traditional role of education. We first apply a two-way fixed-effects wage estimation, a' la AKM, to the Italian private sector …
Persistent link: https://www.econbiz.de/10014637312
decisions, policymakers need to understand how different types of workers and firms are affected by overeducation and skill …
Persistent link: https://www.econbiz.de/10011434453
the first time, a measure of the skill content of occupations for 10 low and middle-income countries. Following Autor …, non-routine interpersonal, and routine & manual skill groups. We find significant differences in the skill mix used by … that the rankings of occupations along the skill dimensions are quite stable across countries, and they correlate …
Persistent link: https://www.econbiz.de/10011541329