Wages and inequality
نویسندگان
چکیده
منابع مشابه
Wage inequality and overeducation in a model with efficiency wages
This paper shows that the existence and persistence of ‘overeducation’ can be explained by an extension of the efficiency wage model. When calibrated to fit the amounts of overeducation found in most empirical studies, the model implies that both the relative wage and the relative employment rate of high-skill workers depend inversely on aggregate economic activity. Keeping aggregate employment...
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uring the 1980s, the gap between the earnings of low-skilled and high-skilled workers grew substantially in the United States. Researchers have advanced a number of arguments to explain the increasing disparity. This article uses descriptive and statistical evidence to evaluate two of the most prominent arguments: increased competition from low-wage developing countries—the “trade” argument—and...
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International integration strengthening intra-industrial trade may have important implications for employment, wages and inequality. The reason is that product market integration enhances export possibilities through easier access to foreign markets, but also import threats arising from foreign firms entering the domestic market. We explore the implications of these mechanisms in a genereal equ...
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ژورنال
عنوان ژورنال: Policy Quarterly
سال: 2015
ISSN: 2324-1101,2324-1098
DOI: 10.26686/pq.v11i1.4521