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This paper develops a matching model of the labor market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyze whether technological advances may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the productivity and/or the supply of skilled workers relative to unskilled workers. These effects are stronger when hiring decisions are more irreversible.
Labor --- Unemployment: Models, Duration, Incidence, and Job Search --- Demand and Supply of Labor: General --- Labor Force and Employment, Size, and Structure --- Professional Labor Markets --- Occupational Licensing --- Labour --- income economics --- Unemployment rate --- Unemployment --- Labor markets --- Labor force --- Unskilled labor --- Labor market
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This paper uses an applied general equilbrium model to decompose the effects of changes in trade and technology-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade-related variables (tariff cuts, improvement in the terms of trade, and the increase in the trade deficit) had little impact on the widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the rise in the skilled wage relative to the unskilled wage was differential rates of growth in skill-biased technical change across sectors. The paper also highlights the role that nontraded goods play in explaining the wage gap. Finally, the paper presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that expanding trade could actually reduce wage inequality, rather than increase it. The welfare costs to the U.S economy of moving to autarky (using 1996 as a base) are about 6 percent of GDP.
Labor --- Macroeconomics --- Neoclassical Models of Trade --- Wages, Compensation, and Labor Costs: General --- Professional Labor Markets --- Occupational Licensing --- Labor Economics: General --- Labour --- income economics --- Wages --- Skilled labor --- Unskilled labor --- Wage adjustments --- Labor market --- Labor economics --- United States
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Labour market --- Adult education. Lifelong learning --- European Union --- Occupational training --- Formation professionnelle --- Employees --- -Employment forecasting --- -Labor market --- -Occupational training --- -Unskilled labor --- -Vocational qualifications --- -#A0008A --- 450 Werkgelegenheid en arbeid --- Employee skills --- Job requirements --- Job skills --- Qualifications, Vocational --- Occupations --- Vocational guidance --- Employability --- Occupational aptitude tests --- Laborers --- Low-skilled labor --- Low-skilled workers --- Labor --- Job training --- Manpower development and training --- Manpower training programs --- Vocational training --- Education --- Training --- Education and training services industry --- Practice firms --- Market, Labor --- Supply and demand for labor --- Markets --- Forecasting, Employment --- Labor market --- Labor supply --- Economic forecasting --- Personnel --- Workers --- Persons --- Industrial relations --- Personnel management --- Training of --- -Supply and demand --- Forecasting --- -Employees --- Employment forecasting --- Unskilled labor --- Vocational qualifications --- #A0008A --- Supply and demand
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Bildung ist und bleibt wohl das alles bestimmende Thema des 21. Jahrhunderts. Entsprechend dramatisch müssen die lebensgeschichtlichen Folgen eines Mangels an oder Ausschlusses von Bildung sein. In der ökonomischen wie soziologischen Arbeitsmarktliteratur findet man nun für die zunehmende Benachteiligung gering qualifizierter Personen das gleiche dominante Erklärungsmuster, den Verdrängungsmechanismus: gering Qualifizierte werden von besser Qualifizierten "verdrängt". In diesem Buch wird im Unterschied dazu in den theoretischen Überlegungen und empirischen Analysen die Bedeutung von Prozessen einer zunehmenden Diskreditierung, sozialen Verarmung und Stigmatisierung herausgearbeitet und hervorgehoben - es geht also eher um soziale Ungleichheit denn um "Verdrängung".
Muslim youth --- Immigrant children --- Child immigrants --- Children --- Immigrants --- Islamic youth --- Youth, Muslim --- Youth --- Labor supply --- Unskilled labor --- Effect of education on --- Laborers --- Low-skilled labor --- Low-skilled workers --- Labor --- Labor force --- Labor force participation --- Labor pool --- Work force --- Workforce --- Labor market --- Human capital --- Labor mobility --- Manpower --- Manpower policy --- Arbeitsmarktforschung --- Bildung --- Soziale Ungleichheit --- Social inequality --- labour market research --- education
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The world of work is changing as a result of technological progress, globalisation and population ageing. The future of work holds many opportunities, but also presents distinct risks which tend to be greater for some population sub-groups, including low-educated workers. This report documents how the labour market for low-educated workers in Belgium has evolved in recent years and what the future might hold for them in terms of both job quality and quantity.
Labor market --- Unskilled labor --- High school graduates --- High school dropouts --- Labor policy --- Employment --- Laborers --- Low-skilled labor --- Low-skilled workers --- Labor --- Employees --- Market, Labor --- Supply and demand for labor --- Markets --- State and labor --- Economic policy --- Secondary school dropouts --- Dropouts --- High school students --- Graduates, High school --- High schools --- Supply and demand --- Government policy --- Alumni and alumnae
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This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are found to allow a country relatively scarce in human capital to benefit from nondecreasing rates of growth through its low-tech sector. The model is tested by using a dynamic panel data approach (Arellano and Bover, 1995). Results are consistent with the predictions of the model and robust to a broad range of definitions of technological intensity.
Econometrics --- Exports and Imports --- Labor --- Empirical Studies of Trade --- Economic Integration --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- Trade: General --- Estimation --- Professional Labor Markets --- Occupational Licensing --- Innovation --- Research and Development --- Technological Change --- Intellectual Property Rights: General --- Labour --- income economics --- International economics --- Econometrics & economic statistics --- Technology --- general issues --- Human capital --- Exports --- Estimation techniques --- Unskilled labor --- International trade --- Econometric analysis --- Econometric models --- Labor market --- United States
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This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market segmentation. A technological shock that reduces the demand for unskilled labor and raises the demand for skilled labor in the primary, high-wage sector is shown to increase the relative wage of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector. The net effect of the shock on the employment level of skilled workers is mitigated by the existence of efficiency factors.
Labor --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Wage Level and Structure --- Wage Differentials --- Wages, Compensation, and Labor Costs: General --- Professional Labor Markets --- Occupational Licensing --- Labor Demand --- Unemployment: Models, Duration, Incidence, and Job Search --- Labour --- income economics --- Unskilled labor --- Skilled labor --- Labor demand --- Labor market --- Economic theory --- United States
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In 1910, 12 percent of American 14-17 year olds were enrolled in high school; by 1930, enrollment had increased to 50 percent; enrollment in Britain was 12 percent in 1950. This paper argues that by increasing the skill premium, the massive inflows of European unskilled immigrants at the turn of the twentieth century engendered America's sharp rise in human capital investment. The increased enrollments raised the supply of schools, leading to continued schooling investment. Cross section evidence and a VAR analysis of the time series data support the hypothesized role of immigration in generating the high school movement.
Labor --- Public Finance --- Emigration and Immigration --- Demography --- International Migration --- Economic Growth of Open Economies --- Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income and Wealth: U.S. --- Canada: 1913 --- -Education: General --- Professional Labor Markets --- Occupational Licensing --- National Government Expenditures and Related Policies: General --- Demographic Economics: General --- Education --- Migration, immigration & emigration --- Labour --- income economics --- Public finance & taxation --- Population & demography --- Migration --- Skilled labor --- Expenditure --- Unskilled labor --- Population and demographics --- Emigration and immigration --- Labor market --- Expenditures, Public --- Population --- United States
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Labour market --- Adult education. Lifelong learning --- European Union --- Occupational training --- Unskilled labor --- Labor market --- Manpower policy --- Formation professionnelle --- Ouvriers non qualifiés --- Marché du travail --- Emploi --- Case studies. --- Cas, Etudes de --- Politique gouvernementale --- Employees --- Training of --- -Labor market --- -Manpower policy --- -Occupational training --- -Unskilled labor --- -#SBIB:316.334.2A344 --- #SBIB:316.334.1O243 --- #SBIB:316.334.1O350 --- #A0211A --- 713 Beroepsopleiding en beroepsomscholing --- Laborers --- Low-skilled labor --- Low-skilled workers --- Labor --- Job training --- Manpower development and training --- Manpower training programs --- Vocational training --- Education --- Training --- Education and training services industry --- Practice firms --- Employment policy --- Human resource development --- Labor market policy --- Manpower utilization --- Labor policy --- Labor supply --- Trade adjustment assistance --- Market, Labor --- Supply and demand for labor --- Markets --- Personnel --- Workers --- Persons --- Industrial relations --- Personnel management --- -Arbeidssociologie: ongelijkheden op de arbeidsmarkt: positie van ongeschoolden op de arbeidsmarkt --- Onderwijsorganisatie: volwassenenvorming --- Onderwijs en economie --- Government policy --- Supply and demand --- Ouvriers non qualifiés --- Marché du travail --- #SBIB:316.334.2A344 --- Arbeidssociologie: ongelijkheden op de arbeidsmarkt: positie van ongeschoolden op de arbeidsmarkt --- Unskilled labor - European Union countries --- Occupational training - European Union countries --- Employees - Training of - European Union countries --- Labor market - European Union countries --- Manpower policy - European Union countries --- POLITIQUE DE L'EMPLOI --- EUROPE
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The paper addresses the impact of HIV/AIDS on per capita output and income, with particular emphasis on the role of labor mobility between the formal and informal sectors, and the impact of the epidemic on investment decisions. The study finds that HIV/AIDS affects both the supply of labor and the demand for labor in the formal sector. Only if there is a significant rise in the capital-labor ratio, will there be an increase in formal sector employment. However, this is associated with a decline in the rate of return to capital. To the extent that companies respond to this by reducing investment, conventional models underestimate the adverse impact on employment, per capita output, and income. The analysis of the impact of HIV/AIDS on output is complemented by an assessment of the impact on income.
Labor --- Macroeconomics --- Production and Operations Management --- Diseases: AIDS and HIV --- Health: General --- Economic Growth and Aggregate Productivity: General --- One, Two, and Multisector Growth Models --- Economywide Country Studies: Africa --- Health Behavior --- Personal Income, Wealth, and Their Distributions --- Professional Labor Markets --- Occupational Licensing --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Unemployment: Models, Duration, Incidence, and Job Search --- HIV/AIDS --- Labour --- income economics --- HIV and AIDS --- Personal income --- Unskilled labor --- Capital productivity --- Health --- National accounts --- Production --- HIV --- Viruses --- Income --- Labor market --- South Africa
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