Search Results - subject:"residual wage inequality"

The Pro-Competitive Consequences of Trade in Frictional Labor Markets

Firooz, Hamid - 2023

. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage … inequality rise almost three times more than in a model with constant markups (in the steady state). The presence of labor market …

Persistent link: https://www.econbiz.de/10014469360

The pro-competitive consequences of trade in frictional labor markets

Firooz, Hamid - 2023

Persistent link: https://www.econbiz.de/10014364693

Learning New Technology: the Polarization of the Wage Distribution

Hidalgo-Pérez, Manuel; Molinari, Benedetto - Departamento de Economía, Universidad Pablo de Olavide - 2015

This paper presents novel evidence regarding the relationship between technological progress, occupational tasks and wage inequality. By applying a counterfactual quantile regression analysis to historic U.S. data, we show that the evolution of wage inequality in the lower echelon of the wage...

Persistent link: https://www.econbiz.de/10011122646

Advertising and Aggregate Consumption: A Bayesian DSGE Assessment

Molinari, Benedetto; Turino, Francesco - Departamento de Economía, Universidad Pablo de Olavide - 2015

Aggregate data reveal that advertising in the U.S. absorbs approximately 2% of GDP and has a well defined pattern over the business cycle, being strongly procyclical and highly volatile. Because the purpose of brand advertising is to foster sales, we ask whether such spending has an appreciable...

Persistent link: https://www.econbiz.de/10011202929

Can't SBTC explain the U.S. wage inequality dynamics?

Yip, Chi Man - Volkswirtschaftliche Fakultät, … - 2010

residual wage inequality. Meanwhile, the increase in the productivity of the highly educated worker in the high-tech sector … shows that SBTC can explain the general trends in the education premium and the residual wage inequality from 1963-2005. In … particular, it solves the puzzle why the education premium fell but the residual wage inequality grew in the early 1970s. …

Persistent link: https://www.econbiz.de/10009643762

Are Within-Groups `Abilities' Distribution Constant on Time?

Hidalgo, Manuel - Departamento de Economía, Universidad Pablo de Olavide - 2009

explanation for residual wage inequality defined as the inequality which is not explained by observables characteristics. However …

Persistent link: https://www.econbiz.de/10008556919

Financial Development and Wage Inequality: Theory and Evidence

Jerzmanowski, Michal; Nabar, Malhar - Volkswirtschaftliche Fakultät, … - 2008

We argue that financial market development contributed to the rise in the skill premium and residual wage inequality in …

Persistent link: https://www.econbiz.de/10005621332