Macroeconomic Implications of Shifts in the Relative Demand for Skills

Besides widening wage inequality, if the demand for skills continues to increase it will probably reduce aggregate employment. Policy measures to offset the impact of increased demand for skills on wage inequality and employment would be very costly. Moreover, given local funding of primary and secondary education a sufficiently large supply response cannot be assumed

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Year of publication:	2007
Authors:	Blanchard, Olivier
Publisher:	[S.l.] : SSRN
Subject:	Qualifikation \| Occupational qualification \| Humankapital \| Human capital \| Lohnstruktur \| Wage structure \| Arbeitsnachfrage \| Labor demand \| Arbeitslosigkeit \| Unemployment \| Fachkräfte \| Skilled labour

Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Policy Review, Vol. 1, No. 1, January 1995
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J64 - Unemployment: Models, Duration, Incidence, and Job Search ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

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