Occupational Choice The Effects Of Skill Supply On Relative Wages And Capital Skill Correlation

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Occupational Choice, the Effects of Skill Supply on Relative Wages, and Capital-skill Correlation

Author : Gregory Michael Kurtzon
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (489 download)

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Book Synopsis Occupational Choice, the Effects of Skill Supply on Relative Wages, and Capital-skill Correlation by : Gregory Michael Kurtzon

Download or read book Occupational Choice, the Effects of Skill Supply on Relative Wages, and Capital-skill Correlation written by Gregory Michael Kurtzon and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Many policies attempt to reduce income inequality by encouraging education and restricting immigration, based on the idea that similarly skilled workers are substitutes and differently skilled workers are complements. With more highly skilled workers and less low skilled workers, high skilled wages would fall and low skilled wages would rise. This paper theoretically develops, provides empirical evidence for, estimates a structural version of, and simulates a new model that explains this effect with differently skilled workers choosing different, complementary occupations. Workers change occupations when wages change, with the result that education subsidies can make low skilled workers worse off when high skilled workers enter their occupations. In addition, immigration can aid low skilled workers by making it beneficial to move into previously higher skilled occupations.

Noncognitive Skills, Occupational Attainment, and Relative Wages

Author : Deborah A. Cobb-Clark
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (425 download)

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Book Synopsis Noncognitive Skills, Occupational Attainment, and Relative Wages by : Deborah A. Cobb-Clark

Download or read book Noncognitive Skills, Occupational Attainment, and Relative Wages written by Deborah A. Cobb-Clark and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economic and Fiscal Consequences of Immigration

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309444454
Total Pages : 643 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis The Economic and Fiscal Consequences of Immigration by : National Academies of Sciences, Engineering, and Medicine

Download or read book The Economic and Fiscal Consequences of Immigration written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-07-13 with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic and Fiscal Consequences of Immigration finds that the long-term impact of immigration on the wages and employment of native-born workers overall is very small, and that any negative impacts are most likely to be found for prior immigrants or native-born high school dropouts. First-generation immigrants are more costly to governments than are the native-born, but the second generation are among the strongest fiscal and economic contributors in the U.S. This report concludes that immigration has an overall positive impact on long-run economic growth in the U.S. More than 40 million people living in the United States were born in other countries, and almost an equal number have at least one foreign-born parent. Together, the first generation (foreign-born) and second generation (children of the foreign-born) comprise almost one in four Americans. It comes as little surprise, then, that many U.S. residents view immigration as a major policy issue facing the nation. Not only does immigration affect the environment in which everyone lives, learns, and works, but it also interacts with nearly every policy area of concern, from jobs and the economy, education, and health care, to federal, state, and local government budgets. The changing patterns of immigration and the evolving consequences for American society, institutions, and the economy continue to fuel public policy debate that plays out at the national, state, and local levels. The Economic and Fiscal Consequences of Immigration assesses the impact of dynamic immigration processes on economic and fiscal outcomes for the United States, a major destination of world population movements. This report will be a fundamental resource for policy makers and law makers at the federal, state, and local levels but extends to the general public, nongovernmental organizations, the business community, educational institutions, and the research community.

Skill Prices, Occupations, and Changes in the Wage Structure for Low Skilled Men

Author : Christopher Taber
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis Skill Prices, Occupations, and Changes in the Wage Structure for Low Skilled Men by : Christopher Taber

Download or read book Skill Prices, Occupations, and Changes in the Wage Structure for Low Skilled Men written by Christopher Taber and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the effect of the change in demand for occupations on wages for low skilled men. We develop an equilibrium model of occupational assignment in which workers have multi-dimensional skills that are exploited differently across different occupations. We allow for a rich specification of technological change which has heterogenous effects on different occupations and different parts of the skill distribution. We estimate the model combining four datasets: (1) O*NET, to measure skill intensity across occupations, (2) NLSY79, to identify life-cycle supply effects, (3) CPS (ORG), to estimate the evolution of skill prices and occupations over time, and (4) NLSY97 to see how the gain to specific skills has changed and to identify change in preferences. We have three main findings. First, the reallocation away from manual jobs towards services and changes in the wage structure were driven by demand factors while the supply of skills, selection into different occupations, and changes in preferences across cohorts played lesser role. Second, frictions play a crucial role in preventing wages in traditional blue collar occupations from falling substantially relative to other occupations. Finally, while we see an increase in the payoff to interpersonal skills over time, manual skills are substantially more important than others and still remain so for low educated males.

The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours and Wages

Author : Michael Keane
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours and Wages by : Michael Keane

Download or read book The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours and Wages written by Michael Keane and published by . This book was released on 1993 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dissertation Abstracts International

Author :
Publisher :
ISBN 13 :
Total Pages : 668 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 2009 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Overeducated Worker?

Author : L. Borghans
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Overeducated Worker? by : L. Borghans

Download or read book The Overeducated Worker? written by L. Borghans and published by Edward Elgar Publishing. This book was released on 2000 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists and social scientists consider the two views of people working at jobs that do not require as much educations they have. One faction contends that the practice wastes skills and worsens the labor market position of less educated workers. The other faction emphasizes the importance of knowledge as a means of increasing international competitiveness. Among the topics are whether the Finnish labor market has bumped the least educated, over-education and crowding out low-skilled workers, an empirical test of the effect of bumping down on wages, whether more high-skilled workers occupy simple jobs during bad times, and job competition in the Dutch labor market. Annotation copyrighted by Book News, Inc., Portland, OR

The Wealth Effect in Occupational Choice

Author : Yoram Weiss
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis The Wealth Effect in Occupational Choice by : Yoram Weiss

Download or read book The Wealth Effect in Occupational Choice written by Yoram Weiss and published by . This book was released on 1974 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to indicate regularities in the area of occupational choice using income-leisure analysis. A simple one-period model is used to examine the effect of changes in nonhuman and human wealth on the choice of an occupation. It is argued that under certainty: An increase in nonwage income will increase the propensity to choose pleasant low-paying work activities. An increase in human capital will also induce a choice of pleasant work activities if the income effect is dominant. Under conditions of uncertainty an increase in nonwage income will tend to encourage the choice of risky high-paying work activities if their monetary returns are uncertain. If the nonmonetary returns of an occupation are uncertain the propensity to choose it will tend to decrease with wealth. Finally, an increase in human capital is likely to discourage the choice of occupations with risky monetary returns.

Labor Market Power and Occupational Choice

Author : Felipe Balmaceda
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis Labor Market Power and Occupational Choice by : Felipe Balmaceda

Download or read book Labor Market Power and Occupational Choice written by Felipe Balmaceda and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper integrates labor market power and occupational choice, specifically the choice between paid employment and self-employment, to examine the mutual effects between the two. Neglecting the consideration of occupational choice leads to upwardly biased estimates regarding the influence of labor market power on wages, while simultaneously underestimating the returns to skills. Similarly, disregarding labor market power results in biased estimates favoring increased participation in paid employment and higher-income individuals engaging in self-employment. The model employed in this paper allows for the investigation of how labor market power and occupational choice impact wage inequality, skill mismatch, and skills acquisition. Furthermore, the study examines the potential of minimum wages, taxes, and subsidies to mitigate labor market power and its associated consequences.

Does the Dispersion of Skills Explain Inequality in Market Labor Income? An Analysis From Occupational Choice Models

Author : Luis Medrano-Adan
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Does the Dispersion of Skills Explain Inequality in Market Labor Income? An Analysis From Occupational Choice Models by : Luis Medrano-Adan

Download or read book Does the Dispersion of Skills Explain Inequality in Market Labor Income? An Analysis From Occupational Choice Models written by Luis Medrano-Adan and published by . This book was released on 2018 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the relationship between the dispersion of general skills in the working population, and inequality in the distribution of labor income that arises from the market equilibrium from occupational choices. In general, more skilled individuals earn higher labor income in the equilibrium, and the relationship between skills and income is proportional in the occupational group of employees, but labor income increases more than proportionately with skills in the groups of solo self-employed and entrepreneur-managers. Labor income inequality at the economy level is then the result of combining the distribution of skills with the sizes of occupational groups. This paper helps to explain some apparent contradictions between the theory, which predicts a close association between dispersion of skills and labor income inequality, and the empirical evidence, using data from the PIAAC project, of no correlation between dispersion of skills and wage inequality in cross-country data.

Multidimensional Skill Mismatch

Author : Fatih Guvenen
Publisher :
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.:/5 (915 download)

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Book Synopsis Multidimensional Skill Mismatch by : Fatih Guvenen

Download or read book Multidimensional Skill Mismatch written by Fatih Guvenen and published by . This book was released on 2015 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: What determines the earnings of a worker relative to his peers in the same occupation? What makes a worker fail in one occupation but succeed in another? More broadly, what are the factors that determine the productivity of a worker-occupation match? In this paper, we propose an empirical measure of skill mismatch for a worker-occupation match, which sheds light on these questions. This measure is based on the discrepancy between the portfolio of skills required by an occupation (for performing the tasks that produce output) and the portfolio of abilities possessed by a worker for learning those skills. This measure arises naturally in a dynamic model of occupational choice with multidimensional skills and Bayesian learning about one's ability to learn these skills. In this model, mismatch is central to the career outcomes of workers: it reduces the returns to occupational tenure, and it predicts occupational switching behavior. We construct our empirical analog by combining data from the Armed Services Vocational Aptitude Battery (ASVAB), O*NET, and National Longitudinal Survey of Youth 1979 (NLSY79). Our empirical results show that the effects of mismatch on wages are large and persistent: mismatch in occupations held early in life has a strong effect on wages in future occupations. Skill mismatch also significantly increases the probability of an occupational switch and predicts its direction in the skill space. These results provide fresh evidence on the importance of skill mismatch for the job search process.

Minimum Wages and On-the-job Training

Author : Daron Acemoglu
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (6 download)

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Book Synopsis Minimum Wages and On-the-job Training by : Daron Acemoglu

Download or read book Minimum Wages and On-the-job Training written by Daron Acemoglu and published by . This book was released on 1999 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labor markets underlying this theory is relaxed, minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees. More generally, a minimum wage increases training for constrained workers, while reducing it for those taking wage cuts to finance their training. We provide new estimates on the impact of the state and federal increases in the minimum wage between 1987 and 1992 of the training of low wage workers. We find no evidence that minimum wages reduce training. These results are consistent with our model, but difficult to reconcile with the standard theory of human capital.

Teacher Labour Markets during an Era of Economic Boom

Author : Ji Liu
Publisher : Routledge
ISBN 13 : 1000449513
Total Pages : 138 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Teacher Labour Markets during an Era of Economic Boom by : Ji Liu

Download or read book Teacher Labour Markets during an Era of Economic Boom written by Ji Liu and published by Routledge. This book was released on 2021-09-26 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets out to examine the underlying educational implications of rapid economic transformation, using illustrative analyses of teacher labour markets during the years of unprecedented economic growth in China. Combining historic document archive and empirical micro-level quantitative data, the book examines trends in teacher labour market and their relevant consequences by investigating wage-attractiveness of the teaching profession, consequential shifts in the composition of the teacher force, implications for student learning, and emerging alternative career destinations for teacher exits. While this book focuses on a specific country case, its analytic context is broadly relevant for a range of developing countries that aspire to better understand, through an occupational choice lens, how shifting economic landscapes influence teacher career decisions and consequentially teacher quality and student learning. Teacher policy scholars, comparative education researchers, labour economists, economic and education historians, teacher union researchers, and education policy makers will find this volume of interest.

Occupation Growth, Skill Prices, and Wage Inequality

Author : Michael Böhm
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (116 download)

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Book Synopsis Occupation Growth, Skill Prices, and Wage Inequality by : Michael Böhm

Download or read book Occupation Growth, Skill Prices, and Wage Inequality written by Michael Böhm and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the relationship between changes in occupational employment, occupational wages, and rising overall wage inequality. Using long-running administrative panel data with detailed occupation codes, we first document that in all occupations, entrants and leavers earn lower wages than stayers. This empirical fact suggests substantial skill selection effects that are negative for growing occupations and positive for shrinking ones. We develop and estimate a model for prices paid per unit of skill in occupations, which incorporates occupation-specific skill accumulation over the career and endogenous switching across many occupations. Our results shed light on two important puzzles in prior literature. First, consistent with leading explanations for occupational employment changes, price and employment growth are positively related. Strong counteracting skill changes along the lines of our new empirical fact explain why occupational wages are unrelated to employment growth. Second, skill prices establish a long-suspected quantitative connection between occupational changes and the surge in wage inequality.

American Doctoral Dissertations

Author :
Publisher :
ISBN 13 :
Total Pages : 776 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis American Doctoral Dissertations by :

Download or read book American Doctoral Dissertations written by and published by . This book was released on 2001 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Women and the Economy

Author : Susan L. Averett
Publisher : Oxford University Press
ISBN 13 : 0190878266
Total Pages : 889 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis The Oxford Handbook of Women and the Economy by : Susan L. Averett

Download or read book The Oxford Handbook of Women and the Economy written by Susan L. Averett and published by Oxford University Press. This book was released on 2018-05-15 with total page 889 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation of women's lives over the past century is among the most significant and far-reaching of social and economic phenomena, affecting not only women but also their partners, children, and indeed nearly every person on the planet. In developed and developing countries alike, women are acquiring more education, marrying later, having fewer children, and spending a far greater amount of their adult lives in the labor force. Yet, because women remain the primary caregivers of children, issues such as work-life balance and the glass ceiling have given rise to critical policy discussions in the developed world. In developing countries, many women lack access to reproductive technology and are often relegated to jobs in the informal sector, where pay is variable and job security is weak. Considerable occupational segregation and stubborn gender pay gaps persist around the world. The Oxford Handbook of Women and the Economy is the first comprehensive collection of scholarly essays to address these issues using the powerful framework of economics. Each chapter, written by an acknowledged expert or team of experts, reviews the key trends, surveys the relevant economic theory, and summarizes and critiques the empirical research literature. By providing a clear-eyed view of what we know, what we do not know, and what the critical unanswered questions are, this Handbook provides an invaluable and wide-ranging examination of the many changes that have occurred in women's economic lives.

The Economics of Labour

Author : John Creedy
Publisher : London ; Toronto : Butterworth Scientific
ISBN 13 :
Total Pages : 348 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Labour by : John Creedy

Download or read book The Economics of Labour written by John Creedy and published by London ; Toronto : Butterworth Scientific. This book was released on 1982 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph of essays on labour economics and the labour market in the UK - discusses labour supply and labour demand-related economic theories, occupational choice, human capital investment, wage structure, wage differentials, role of trade unions, professional worker internal labour markets and labour mobility, occupational organization and union membership, unemployment, role of employment policies, etc. Graphs, references and statistical tables.