Inter-industry Wage Differential and Specific Human Capital PDF Download
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Author: K. K. Tang
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 22
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Book Description
A dynamic general equilibrium model with industry-specific human capital is developed to account for inter-industry wage differential and imperfect labor mobility. It is demonstrated that more human capital intensive industries are more likely to pay higher wages, conditional on inter-industry differences in human capital depreciation rate and learning cost. In the light of internationally transferable technology, the model can also account for two empirical regularities, namely, cross-occupation and cross-country correlation of inter-industry wage differential.
Author: K. K. Tang
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 22
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Book Description
A dynamic general equilibrium model with industry-specific human capital is developed to account for inter-industry wage differential and imperfect labor mobility. It is demonstrated that more human capital intensive industries are more likely to pay higher wages, conditional on inter-industry differences in human capital depreciation rate and learning cost. In the light of internationally transferable technology, the model can also account for two empirical regularities, namely, cross-occupation and cross-country correlation of inter-industry wage differential.
Author: Julio Rotemberg
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
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Book Description
Author: Jeff Borland
Publisher:
ISBN: 9780732502133
Category : Wages
Languages : en
Pages : 20
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Book Description
Author: Chris N. Sakellariou
Publisher: World Bank Publications
ISBN:
Category : Capital humano - Guatemala
Languages : en
Pages : 22
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Book Description
Author: Jean Helwege
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 306
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Book Description
Author: Marion Smith Picard
Publisher:
ISBN:
Category : Occupational mobility
Languages : en
Pages : 220
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Book Description
Author: Mark Robert Kurt
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 222
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Book Description
Author: Rudolf Winter-Ebmer
Publisher:
ISBN:
Category : Endogenous growth (Economics)
Languages : en
Pages : 36
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Book Description
Author: Edward E. Leamer
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 52
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Book Description
We provide evidence that US workers face a wage-effort offer curve with the high-wage high-effort jobs occurring in the capital intensive sectors. We find that real wage offers rose at every level of effort during the 1960's, a shift which is consistent with a decline in the rental cost of capital. During the 1970's, when relative prices of labor-intensive goods declined, the wage-effort offer curve twisted, offering lower pay for the low-paid jobs in the labor-intensive sectors but higher pay for the high-paid jobs in the capital-intensive sectors. In the 1980's, workers at every wage level began to work more hours for the same weekly wage. This we loosely attribute either to the increasing cost of non-wage benefits, especially health care, or to the introduction of new equipment. In studying the wage-effort offer curve rate of unionization, education, and rent sharing.
Author: Hong W. Tan
Publisher:
ISBN:
Category :
Languages : en
Pages : 400
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Book Description
