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Comparative Advantage Learning And Sectoral Wage Determination
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Book Synopsis Comparative Advantage, Learning, and Sectoral Wage Determination by : Robert Gibbons
Download or read book Comparative Advantage, Learning, and Sectoral Wage Determination written by Robert Gibbons and published by CIRANO. This book was released on 2002 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model in which a worker's skills determine the worker's current wage and sector. Both the market and the worker are initially uncertain about some of the worker's skills. Endogenous wage changes and sector mobility occur as labor-market participants learn about these unobserved skills. We show how the model can be estimated using non-linear instrumental-variables techniques. We then apply our methodology to study the wages and allocation of workers across occupations and across industries. For both occupations and industries, we find that high-wage sectors employ high-skill workers and offer high returns to workers' skills. Estimates of these sectoral wage differences that do not account for sector-specific returns are therefore misleading. We also suggest further applications of our theory and methodology.
Book Synopsis Education, Skills, and Technical Change by : Charles R. Hulten
Download or read book Education, Skills, and Technical Change written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2019-01-11 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can human capital accumulation in the United States keep pace with the evolving demands placed on it, and how can the workforce of tomorrow acquire the skills and competencies that are most in demand? Education, Skills, and Technical Change explores various facets of these questions and provides an overview of educational attainment in the United States and the channels through which labor force skills and education affect GDP growth. Contributors to this volume focus on a range of educational and training institutions and bring new data to bear on how we understand the role of college and vocational education and the size and nature of the skills gap. This work links a range of research areas—such as growth accounting, skill development, higher education, and immigration—and also examines how well students are being prepared for the current and future world of work.
Book Synopsis Labour Markets at a Crossroads by : Henrik Lindberg
Download or read book Labour Markets at a Crossroads written by Henrik Lindberg and published by Cambridge Scholars Publishing. This book was released on 2011-12-14 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European labour market models are at a crossroads. Almost all Western European countries have experienced a lack of job creation, productivity and growth for an extended period of time. There is a problem of unemployment overall, but most urgently for the young, for immigrants and for the disabled. There is a clear need for reform. This volume, Labour Markets at a Crossroads: Causes of Change, Challenges and Need to Reform, investigates a number of vital aspects of the European labour markets and the challenges they face. The chapters give new perspectives on how the different labour market models in Europe work, and what consequences they have. The contributing authors are academic scholars in economics, political science, sociology and economic history from a variety of European countries. The book is structured around three main themes: Flexicurity and Labour Market Dynamics Trade Unions and Industrial Action Wages and Bargaining A central conclusion made by the editors is that one of the main causes of the shortcomings of the European labour markets is the existence of what they call “corporative cartels.” Moreover, there are clear options for policy choice, both for legislators and the social partners themselves.
Book Synopsis The Plight of Older Workers by : Isabel Baumann
Download or read book The Plight of Older Workers written by Isabel Baumann and published by Springer. This book was released on 2016-09-08 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book examines the economic, social, and psychological consequences of manufacturing plant closure at the individual level. Using an original data set of over 1,200 workers from Switzerland who lost their manufacturing jobs after the financial crisis of 2008, the author analyzes the determinants of reemployment, the sector of reemployment, and the change in wages over a two year period. In addition, coverage also explores how plant closure affects the social relationship between a displaced worker and his or her significant other, which includes a discussion of the coping strategies on the household level as well as how changes in a worker's social and occupational life affects overall satisfaction. Readers will discover that the burden of structural change disproportionately falls on the shoulders of workers aged 55 and older who often face substantial barriers when trying to return to employment. A larger portion of this group experience long-term unemployment and those who do manage to find a new job often suffer disproportionate wage loss. This result is intriguing in the context of the current demographic change and contradicts the common assumption that young and low-qualified individuals are at greatest risk of unemployment. Advanced age—and not low education—appears to be the primary obstacle to workers finding job satisfaction after being laid off because of market conditions.
Download or read book Inequality written by Solomon W. Polachek and published by Emerald Group Publishing. This book was released on 2016-02-29 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research in Labor Economics volume 43 contains new and innovative research on the causes and consequences of inequality.
Download or read book Working Paper Series written by and published by . This book was released on 2002 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-10-27 with total page 1140 pages. Available in PDF, EPUB and Kindle. Book excerpt: What factors affect the ways individuals participate in labor markets?New Developments and Research on Labor Markets (volume 4B) proposes answers to this and other questions on important topics of public policy. Leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. The combinations of these improved empirical findings with new models enable the authors of these chapters to reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. - Concentrates on empirical research in specific labor markets, including those defined by age, gender, and race - Reveals how questions and answers about these markets have changed and how models measure them - Documents how conceptual models and empirical work explain important practical issues
Download or read book Soft Skills written by Mihnea Moldoveanu and published by Walter de Gruyter GmbH & Co KG. This book was released on 2024-04-22 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although communicative and relational skills are currently in the greatest demand in organizations large and small, we are as educators, executives, and talent developers very far away from the kind of precision in identifying, measuring, selecting and developing these skills that we have achieved with cognitive and technical skills. At the same time, the relentless automation of swaths of human tasks has placed a sharp light on the ‘quintessentially human skills’ – those that cannot and in some cases should not be subject to algorithmic automation. This book aims to ‘change the soft skills game’ by introducing language for identifying and describing them, ways of measuring the degree to which a person possesses them and selecting those who possess them in the utmost from those less skilled, and ways of helping students and executives alike develop them, through a methodology that has been designed and practiced for the past ten years. We need a ‘re-set’ in the way we think about human skill and in particular the ways we think about those human skills which cannot be sub-contracted to an algorithm running on silicon. This book aims to provide that re-set.
Download or read book Bayesian Brain written by Kenji Doya and published by MIT Press. This book was released on 2007 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experimental and theoretical neuroscientists use Bayesian approaches to analyze the brain mechanisms of perception, decision-making, and motor control.
Book Synopsis Industrial and Labor Relations Review by :
Download or read book Industrial and Labor Relations Review written by and published by . This book was released on 2016 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fundamentals of Minimum Wage Fixing by : François Eyraud
Download or read book The Fundamentals of Minimum Wage Fixing written by François Eyraud and published by International Labour Organization. This book was released on 2005 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual draws on the ILO's comprehensive database containing the principal legal provisions and minimum wage fixing mechanisms in 100 countries. The minimum wage has had a long and turbulent history, and this study sheds light on its intricacies by providing a thorough overview of the institutions and practices in different countries. It outlines the main topics for debate concerning the effects of minimum wages on major social and economic variables such as employment, wage inequality, and poverty. The book considers the various procedures countries use for implementation, including the criteria employed to fix the minimum wage, and how they are linked to specific country objectives. It then measures the efficiency of the minimum wage, and focuses on its impact on employment as a major political issue. For the benefit of non-specialists, the validity of econometric models and their results are examined.
Book Synopsis International Trade Theory and Policy by : Giancarlo Gandolfo
Download or read book International Trade Theory and Policy written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 2013-08-13 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.
Download or read book NLS News written by and published by . This book was released on 1996 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Free Trade and Absolute and Comparative Advantage by : Reinhard Schumacher
Download or read book Free Trade and Absolute and Comparative Advantage written by Reinhard Schumacher and published by Universitätsverlag Potsdam. This book was released on 2012 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith’s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.
Author :John M. Abowd Publisher :Université de Montréal, Centre de recherche et développement en économique ISBN 13 : Total Pages :94 pages Book Rating :4.:/5 (318 download)
Book Synopsis High Wage Workers and High Wage Firms by : John M. Abowd
Download or read book High Wage Workers and High Wage Firms written by John M. Abowd and published by Université de Montréal, Centre de recherche et développement en économique. This book was released on 1994 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials.
Book Synopsis Comparative Advantage and Heterogeneous Firms by : Andrew B. Bernard
Download or read book Comparative Advantage and Heterogeneous Firms written by Andrew B. Bernard and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than comparative disadvantage industries, and magnify ex ante comparative advantage to create additional welfare gains from trade. The relative ascendance of high-productivity firms within industries boosts aggregate productivity and drives down consumer prices. In contrast with the neoclassical model, these price declines dampen and can even reverse the real wage losses of scarce factors as countries liberalize.
Book Synopsis International Trade and Labor Markets by : Carl Davidson
Download or read book International Trade and Labor Markets written by Carl Davidson and published by W.E. Upjohn Institute. This book was released on 2004 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
