Wage Dispersion And Technical Progress PDF Download
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| Author | : Pierre-Richard Agénor |
| Publisher | : |
| Total Pages | : 32 |
| Release | : 1996 |
| Genre | : Employment (Economic theory) |
| ISBN | : |
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Since the early 1980s, wage dispersion and the ratio of skilled to unskilled employment have increased significantly in several industrial countries. A number of economists have attributed these trends to skill-biased technical progress. This paper studies the wage and employment effects of technological changes of this type. The analysis is based on a model with a heterogeneous work force and a segmented labor market. Skill-biased technical progress is modeled as a shock that switches demand from unskilled to skilled labor in the primary, high-wage sector, while leaving the total demand for labor in that sector constant at initial wages. Such a shock reduces total employment in the primary sector, as the equilibrium increase in skilled labor employment is smaller than the fall in employment of unskilled labor. Efficiency factors are shown to magnify the adverse employment effects of pro-skilled technical change.
| Author | : |
| Publisher | : |
| Total Pages | : 78 |
| Release | : 2000 |
| Genre | : Computers |
| ISBN | : |
Download Wage and Productivity Dispersion in U.S. Manufacturing Book in PDF, ePub and Kindle
| Author | : Timothy Dunne |
| Publisher | : |
| Total Pages | : 50 |
| Release | : 2000 |
| Genre | : Computers |
| ISBN | : |
Download Wage and Productivity Dispersion in U.S. Manufacturing Book in PDF, ePub and Kindle
By exploiting establishment-level data, this paper sheds new light on the source of the changes in the structure of production, wages, and employment that have occurred over the last several decades. Based on theoretical work by Caselli (1999) and Kremer and Maskin (1996), we focus on investigating the following two related hypotheses. The first hypothesis is that the channel through which skill biased technical change works through the economy is via changes in the dispersion in wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across establishments is linked to differential rates of technological adoption across establishments. Our findings are supportive of these hypotheses. Specifically, we find that (1) the between plant component of wage dispersion is a growing part of total wage dispersion, (2) much of the between plant increase in dispersion is within industries, (3) the between plant measures of wage and productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low computer investment per worker plants and high and low capital intensity plants
| Author | : Dale Mortensen |
| Publisher | : MIT Press |
| Total Pages | : 170 |
| Release | : 2003 |
| Genre | : Business & Economics |
| ISBN | : 9780262633192 |
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A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.
| Author | : Aaron Steelman |
| Publisher | : DIANE Publishing |
| Total Pages | : 17 |
| Release | : 2008-10 |
| Genre | : Business & Economics |
| ISBN | : 1437904971 |
Download What¿s Driving Wage Inequality Book in PDF, ePub and Kindle
Wage inequality has increased sharply in the U.S. since the mid-1970s. While some have argued that globalization -- in particular, increased international trade and immigration -- is primarily responsible for changes in the wage distribution, the authors argue that the main cause is skill-biased technical change. Workers with relatively high skill levels have experienced more rapid growth in wages than less-skilled workers, some of whom have seen an actual decline in their real wages. Although technical change likely has increased wage inequality, it also has greatly enhanced productivity and thus living standards in the U.S.
| Author | : Steven J. Davis |
| Publisher | : |
| Total Pages | : 90 |
| Release | : 1991 |
| Genre | : Manufactures |
| ISBN | : |
Download Wage Dispersion Between and Within U.S. Manufacturing Plants, 1963-1986 Book in PDF, ePub and Kindle
This paper exploits a rich and largely untapped source of information on the wages and other characteristics of individual manufacturing plants to cast new light on recent changes in the United States wage structure. Our primary data source, the Longitudinal Research Datafile (LRD) , contains observations on more than 300,000 manufacturing plants during Census years (1963, 1967, 1972, 1977, 1982) and 50,000-70,000 plants during intercensus years since 1972. We use the information in the LRD to investigate changes in the plant-wage structure over the past three decades. We also combine plant-level wage observations in the LRD with wage observations on individual workers in the Current Population Survey (CPS) to estimate the between-plant and within-plant components of overall wage dispersion.
| Author | : Donna K. Ginther |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 277 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 1461503256 |
Download Technology, Growth, and the Labor Market Book in PDF, ePub and Kindle
Technology, Growth, and the Labor Market brings together research by economists from academia and the Federal Reserve System. The first section of the volume includes discussions by monetary policymakers with firsthand experience in determining how technology affects productivity, inequality, and macroeconomic growth. Papers in the second section discuss the sources of the surge in labor productivity growth during the latter half of the 1990s and present forecasts of labor productivity growth rates during the next few years. In the third section, the papers focus on the role of technological advances in changes in earnings inequality in the labor market. The authors examine whether inequality should be viewed as a causal result of skill-biased technological change or whether there is a missing link - or perhaps no link - between changes in technology and changes in wage inequality. The final section explores the relationships between computer investment, worker skills, human resource practices, and productivity at the industry and firm levels.
| Author | : Guido Matias Cortes |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : |
| ISBN | : |
Download Technological Change, Firm Heterogeneity and Wage Inequality Book in PDF, ePub and Kindle
We argue that skill-biased technological change not only affects wage gaps between skill groups, but also increases wage inequality within skill groups, across workers in different workplaces. Building on a heterogeneous firm framework with labor market frictions, we show that an industry-wide skill-biased technological change shock will increase between-firm wage inequality within the industry through four main channels: changes in the skill wage premium (as in traditional models of technological change); increased employment concentration in more productive firms; increased wage dispersion between firms for workers of the same skill type; and increased dispersion in the skill mix that firms employ, due to more sorting of skilled workers to more productive firms. Using rich administrative matched employer-employee data from Germany, we provide empirical evidence of establishment-level patterns that are in line with the predictions of the model. We further document that industries with more technological adoption exhibit particularly pronounced patterns along the dimensions highlighted by the model.
| Author | : Mr.Alun H. Thomas |
| Publisher | : International Monetary Fund |
| Total Pages | : 36 |
| Release | : 1995-09-01 |
| Genre | : Business & Economics |
| ISBN | : 1451851103 |
Download Wage Dispersion in the 1980's Book in PDF, ePub and Kindle
This paper finds that changes in durable manufacturing employment and investment in computer equipment can explain rising wage dispersion in the United States, measured in terms of the education premium. Reduced employment opportunities in durables production drive down the average wage for workers with only a high school education, thereby increasing the wage premium for college education. An innovation in this paper is the inclusion of investment in equipment as a proxy for skill-biased technical change. The rise in the technical skill premium could alone explain all of the rise in the college premium since 1979 were there no offsetting effects. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.
| Author | : Daron Acemoglu |
| Publisher | : |
| Total Pages | : 46 |
| Release | : 1997 |
| Genre | : Equilibrium (Economics) |
| ISBN | : |
Download Efficient Wage Dispersion Book in PDF, ePub and Kindle
