Wage Inequality In A Frictional Labor Market
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Wage Inequality In A Frictional Labor Market
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Author : Joel H. Shapiro
language : en
Publisher:
Release Date : 2002
Wage Inequality In A Frictional Labor Market written by Joel H. Shapiro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Inequality And Labor Market Institutions
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Author : Ms.Florence Jaumotte
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-01
Inequality And Labor Market Institutions written by Ms.Florence Jaumotte and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-01 with Business & Economics categories.
The SDN examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners’ income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.
Unlevel Playing Fields
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Author : Randy Albelda
language : en
Publisher: Ingram
Release Date : 2004
Unlevel Playing Fields written by Randy Albelda and has been published by Ingram this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Inequality And The Labor Market
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Author : Sharon Block
language : en
Publisher: Brookings Institution Press
Release Date : 2021-04-06
Inequality And The Labor Market written by Sharon Block and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-06 with Law categories.
Exploring a new agenda to improve outcomes for American workers As the United States continues to struggle with the impact of the devastating COVID-19 recession, policymakers have an opportunity to redress the competition problems in our labor markets. Making the right policy choices, however, requires a deep understanding of long-term, multidimensional problems. That will be solved only by looking to the failures and unrealized opportunities in anti-trust and labor law. For decades, competition in the U.S. labor market has declined, with the result that American workers have experienced slow wage growth and diminishing job quality. While sluggish productivity growth, rising globalization, and declining union representation are traditionally cited as factors for this historic imbalance in economic power, weak competition in the labor market is increasingly being recognized as a factor as well. This book by noted experts frames the legal and economic consequences of this imbalance and presents a series of urgently needed reforms of both labor and anti-trust laws to improve outcomes for American workers. These include higher wages, safer workplaces, increased ability to report labor violations, greater mobility, more opportunities for workers to build power, and overall better labor protections. Inequality in the Labor Market will interest anyone who cares about building a progressive economic agenda or who has a marked interest in labor policy. It also will appeal to anyone hoping to influence or anticipate the much-needed progressive agenda for the United States. The book's unusual scope provides prescriptions that, as Nobel Laureate Joseph Stiglitz notes in the introduction, map a path for rebalancing power, not just in our economy but in our democracy.
Essays On Labor Economics
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Author : Joanne Tan
language : en
Publisher:
Release Date : 2018
Essays On Labor Economics written by Joanne Tan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This thesis examines the themes of sorting, inequality and the impact of technological change on the labor market. In particular, it addresses the questions of how workers sort within and between firms and how this influences labor market inequality, both in the workforce as a while, as well as between demographic and skill groups. It also considers how changes in technology affects the labor market conditions faced by workers and firms. These questions are tackled over three chapters. The first chapter, entitled `Multidimensional heterogeneity and matching in a frictional labor market - an application to polarization' deals with the sorting of workers to firms along multidimensional characteristics and quantifies the impact of technological change on the evolution of sorting patterns, wages and employment outcomes of different skill and demographic groups. I construct a model of directed search with two-sided multidimensional heterogeneity and estimate the model on US data. I find that production complementarities between cognitive and interpersonal skills and tasks have increased, relative to hat between manual skills and manual tasks. This change in production technology accounts for a large part of wage and job polarization in the US. Also, despite being gender-blind, the model can explain a substantial fraction of the narrowing of gender wage and job rank gaps from the 1980s to the present day. The second chapter, entitled `Intra-firm hierarchies and gender gaps' and coauthored with Nicolo Dalvit and Aseem Patel, studies the sorting of women into layers of hierarchy within firms, using administrative French data, and examines the incidence of gender wage and employment gaps across hierarchies over time. Further, by exploiting a policy on corporate board quotas in France, it assesses the impact of an increase in female leadership on gender wage and employment outcomes within firms. We find that hierarchies matter in gender wage and employment gaps. Gender wage and employment gaps increase with each layer of firm hierarchy, even if these gaps narrow more over time in the upper layers. In addition, improvements in top female leadership has differing impacts across hierarchies. While a greater share of female corporate board members narrows the gender wage gap in top layers of hierarchy, it has no such impact on lower layers. Instead, it increases the share of women in lower layers working part-time, at the expense of full-time employment. The opposite is true for women in upper layers. The third chapter, `Occupational Shortage and Labor Market Adjustments: a Theory of Islands', coauthored with Riccardo Zago, addresses the incidence of occupational shortage, and assesses whether it leads to wage and employment adjustments. Using a unique dataset on reported vacancies that firms find difficult to fill, we document the incidence of shortage across regions, industries and occupation groups. We find that shortage only leads to wage and employment adjustments in non-routine occupations, but not in routine occupations. We show how the secular decline of the routine occupations, caused by technological change, can account for the persistence in shortage in the routine sector and its inability to adjust.
Wage Inequality
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Author : Francine D. Blau
language : en
Publisher: A E I Press
Release Date : 1996
Wage Inequality written by Francine D. Blau and has been published by A E I Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Compares trends in wage inequalities in the USA and nine other industrialized countries in the middle to late 1980s. Concludes that wages are more unequal in the USA than they are in other advanced economies.
The Pro Competitive Consequences Of Trade In Frictional Labor Markets
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Author : Hamid Firooz
language : en
Publisher:
Release Date : 2023
The Pro Competitive Consequences Of Trade In Frictional Labor Markets written by Hamid Firooz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
What are the pro-competitive consequences of trade in frictional labor markets? This paper develops and estimates a dynamic general equilibrium trade model to show that the interplay between endogenously variable markups in product markets and frictions in labor markets has important implications for aggregate as well as distributional consequences of trade. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage inequality rise almost three times more than in a model with constant markups (in the steady state). The presence of labor market frictions makes the pro-competitive gains from trade liberalization negative.
Income Inequality And Employment
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Author : Mary Fish
language : en
Publisher:
Release Date : 1978
Income Inequality And Employment written by Mary Fish and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Discrimination in employment categories.
The Impact Of Labor Market Reforms On Income Inequality
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Author : Gabriel Frossard Barbosa
language : en
Publisher:
Release Date : 2018
The Impact Of Labor Market Reforms On Income Inequality written by Gabriel Frossard Barbosa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Economics categories.
This paper explores the impact of changes in the rigidity of labor market legislation on income inequality. Although traditional scholarship has focused on the impact of institutional arrangements on a selection of economic outcomes such as unemployment and labor force participation, comparably little attention has been paid to the effects arising from the rigidity of existing labor market institutions and its implications for income inequality. To date little is known about how and through which channels changes and overall rigidity of labor markets impact income inequality. In order to investigate this relationship, I compile a unique dataset based on the Labor Market Rigidity Index (LAMRIG) constructed by Campos and Nugent (2012), which covers over 140 countries between 1950 and 2004, as well as a composite measure of Gini coefficients for the same period. I further refine my analysis to examine wage dispersions through which labor market legislation affects, contracting or widening, incomes in different countries as well as the impact of the substitution of labor for capital. My results confirm previous findings on the negative association between labor market rigidity, wage dispersion, the financialization of the economy, and income inequality. Moreover, I find that positive changes in labor market legislation, i.e. greater labor market protections and centralization are associated with negative changes in intra-country differences between top and low-wage earners. These estimation results are robust to different model specifications and assumptions. From a policy perspective, my findings imply that labor market reforms might produce undesirable side effects in aggravating wage dispersion and income inequality.
Job Search Human Capital And Wage Inequality
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Author : Carlos Carrillo-Tudela
language : en
Publisher:
Release Date : 2012
Job Search Human Capital And Wage Inequality written by Carlos Carrillo-Tudela and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.