The US labor market in 2030 : a scenario based on current trends in supply and demand

Rebecca Edwards; Fabian Lange

Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the labor market in 2030. Even though the share of educated females in the workforce will grow rapidly, the supply response will not suffice to offset the trend in demand towards skilled, female labor. Wage growth over the next 20 years will continue to favor college educated workers and in particular college educated females.

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Year of publication:	2013
Authors:	Edwards, Rebecca ; Lange, Fabian
Publisher:	Bonn : IZA
Subject:	wage growth \| trends in labor demand and supply \| Arbeitsnachfrage \| Labor demand \| Arbeitsmarkt \| Labour market \| Lohn \| Wages \| Arbeitsangebot \| Labour supply \| USA \| United States

Extent:	Online-Ressource (40, 10 S.) graph. Darst.
Series:	Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. 7825
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzung: Acrobat Reader
Other identifiers:	hdl:10419/89993 [Handle]
Classification:	J11 - Demographic Trends and Forecasts ; J21 - Labor Force and Employment, Size, and Structure ; J22 - Time Allocation and Labor Supply ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010228790