This paper examines the effects of recent employment restructuring on young workers by race and sex. Detailed Census occupations are grouped into 10 job segments based on earnings, education and annual hours worked in 1979. Job segments in which young black men were most concentrated had the...

David R. Howell argues that the collapse of low-skill wages in the United States cannot be explained by a skill mismatch resulting from a technology-driven decline in the demand for low-skill labor. He presents evidence refuting the prevailing belief that a substantial shift in demand away from...

The authors examine the effects of employment restructuring in the 1980s on white, black, and Hispanic men and women within a labor market segmentation framework. Cluster analysis is used to determine whether jobs can be grouped into a small number of relatively homogeneous clusters on the basis...

The earnings of low-skill workers have suffered substantial declines since the mid 1970 s. The conventional explanation is that a technology-induced increase in skill requirements has resulted in a growing mismatch between the skills demanded by firms and those supplied by the workforce:...

The rapid growth in wage inequality and the rising incidence of low earnings in the 1980's can be traced in large part to the sharp decline in the real hourly wages of lowskill men. This paper examines alternative explanations for this wage collapse. A widely accepted story is that this collapse...

This paper estimates rates of return on wealth across gross wealth groups by matching individual-level survey data with macroeconomic return data for Germany. Using machine learning for more detailed financial asset categories, we find that the average nominal rate of return on gross assets for...

Klimakrise und Corona-Krise stellen Gesellschaft, Wirtschaft und Staat vor große Herausforderungen. Dabei sollte nicht der Versuchung nachgegeben werden, Maßnahmen zur Bekämpfung der beiden Krisen gegeneinander auszuspielen. Beide Krisen müssen und können durch entschlossenes Handeln...

Die FDP fordert in den Bundestagsdrucksachen "Entwurf eines Gesetzes zur Änderung des Vermögensteuergesetzes (VStG)" (Nr. 19/25789) und "Mehr Vermögen aufbauen statt Leistung bestrafen" (Nr. 19/25792) die Aufhebung des Vermögensteuergesetzes, sowie einen Grunderwerbsteuerfreibetrag, die...