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their long-term wages and hours from panel data. The model captures the greater cyclicality of employment for workers with … extensive, employment margin for low-wage, low-hours workers …
Persistent link: https://www.econbiz.de/10013152594
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers … in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment …
Persistent link: https://www.econbiz.de/10014193865
We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment …
Persistent link: https://www.econbiz.de/10013014295
The rise in wage inequality in the U.S. labor market during the 1980s is usually attributed to skill-biased technical change (SBTC), associated with the development of personal computers and related information technologies. We review the evidence in favor of this hypothesis, focusing on the...
Persistent link: https://www.econbiz.de/10013223052
The traditional studies of income distribution, a field with which economists are becoming increasingly concerned, must be described as basically sociological. The ascendancy of the human capital approach can be viewed as a reaction of economists to this non-economic, though certainly not...
Persistent link: https://www.econbiz.de/10013245745
This paper develops a new framework for examining the distributional consequences of trade liberalization that is consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation within and between industries. While the opening of...
Persistent link: https://www.econbiz.de/10012758160
market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors …
Persistent link: https://www.econbiz.de/10012759114
separations, matching, and unemployment over the business cycle. Separating from employment when unemployment duration is long is … unemployment and unemployment durations. We examine wage cyclicality and employment separations over the past twenty years for …. This pattern is mirrored in separations; separations from employment are much less cyclical for those who work more. We do …
Persistent link: https://www.econbiz.de/10012759948
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10012777949
In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by …
Persistent link: https://www.econbiz.de/10013237923