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We explore the far-reaching implications of low-wage subsidies on aggregate employment. Low-wage subsidies have three important effects. First, they promote employment of unskilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff of unskilled work relative to...
Persistent link: https://www.econbiz.de/10010272975
minimum wages give rise to skills inequality: a rise in the minimum wage leads to less training for low-ability workers and …
Persistent link: https://www.econbiz.de/10010273107
This paper sheds light on how changes in the organization of work lead to wage inequality. We present a theoretical … and opportunities to expand the span of competence are distributed unequally among workers across and within education … groups, our theory explains (1) rising wage inequality between groups, (2) rising wage inequality within groups, and (3) the …
Persistent link: https://www.econbiz.de/10003932603
within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We … inequality within groups. Under certain assumptions, it also helps to explain (3) the polarization of the income distribution …
Persistent link: https://www.econbiz.de/10009753769
within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We … inequality within groups. Under certain assumptions, it also helps to explain (3) the polarization of the income distribution …
Persistent link: https://www.econbiz.de/10009765032
within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We … inequality within groups. Under certain assumptions, it also helps to explain (3) the polarization of the income distribution …
Persistent link: https://www.econbiz.de/10013080155
within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We … inequality within groups. Under certain assumptions, it also helps to explain (3) the polarization of the income distribution …
Persistent link: https://www.econbiz.de/10013315748