Literaturnachweis - Detailanzeige
Autor/inn/en | Hong, Jay H.; Seok, Byoung Hoon; You, Hye Mi |
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Titel | Wage volatility and changing patterns of labor supply. Gefälligkeitsübersetzung: Lohnschwankungen und sich wandelnde Muster des Arbeitskräfteangebots. |
Quelle | In: International economic review, 60 (2019) 2, S. 595-630
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | online; Zeitschriftenaufsatz |
ISSN | 0020-6598; 1468-2354 |
DOI | 10.1111/iere.12363 |
Schlagwörter | Bildungsertrag; Lohnentwicklung; Arbeitskräfteangebot; Arbeitsplatzsicherheit; Erwerbstätiger; Qualifikation; Sparverhalten; Hoch Qualifizierter; USA |
Abstract | "Over the past few decades, the skilled - unskilled hours differential for U.S. men increased when the skill premium rose sharply, in contrast with dominant income effects. Based on PSID data, we show that over the 1967 - 2000 period, skilled men experienced a three times larger increase in wage volatility than unskilled men. With the rise in wage volatility, our general equilibrium incomplete markets model generates a 2.7 hours increase in the hours differential whereas it increased by 1.4 hours in the data. We find that hours adjustments are important for self-insurance in the short run, whereas precautionary savings play a crucial role eventually." (Author's abstract, Published by arrangement with John Wiley & Sons). |
Erfasst von | Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg |
Update | 2019/2 |